Golden Visa investment drops 52%

 In Golden Visa, Investment, News

Investment through Portugal’s golden visa scheme dropped 52% in October, year-on-year, to €28.6 million, according to data from the immigration and borders service (SEF), Lusa news agency reported on Monday.

Investment through the “Residence Permit for Investment” ARI policy as the golden visa programme is called by SEF and aimed at foreigners willing to invest €250,000-€500,000 in Portugal, amounted to €28.6 million in October, a 52% drop compared to the same period in October 2019 when investment stood at €59.9 million.
In October, 54 golden visas were attributed, of which 48 were through real estate acquisition (13 in purchases from urban renewal) and six through capital transfers.
Property purchases registered investment of €29.9 million in October, of which €5.1 million corresponded to purchases for urban regeneration.
Capital transfers totalled an investment of €2.7 million. No visas were granted for job creation.
Nationalities granted visas included Chinese (20), Vietnamese (five), North American (five), Turkish (five) and Brazilian (four).
The golden visa programme has attracted over €4.8 billion since it was launched in 2012.