Golden Visa investment up 35%

 In Golden Visa, News

Investment attracted by Portugal’s Golden Visa programme rose by 35% in November on the same period in 2019 to €50 million.

According to Lusa and based on statistics released by the Portuguese borders and immigration service SEF, the number of visas attributed through the Authorisation for Residency through Investment (ARI), which by October had run for eight years, stood at 86, bringing the State in €50,097, 072.66 compared to €37 million in November 2019.
In comparison to October (€28.6 million) investment also grew by around 75%.
In November of the 86 ARI granted, 80 were as a result of the purchase of property (17 from urban rehabilitation) and six from capital transfer.
€47 million was attracted from the purchase of property, of which €6.1 million corresponds the purchase of properties to renovate.
As for capital transfer, this only attracted €2.8 million while once again not a single euro was brought into state coffers from the scheme from job creation.
Of the total Golden Visas granted in November, 22 applicants are from China, 12 from the US, nine from Brazil, five from South Africa and four from India.
The total accumulated amount of investment since the start of the year is €619 million, 11% down on the same period in 2019 with the number of visas being issued this year standing at 1,133.
Since this wealth attraction instrument was created in 2012, 9,340 Golden Visas have been issued: two in 2012, 494 in 2013, 1,526 in 2014, 766 in 2015, 1,414 in 2016, 1,351 in 2017, 1,409 in 2018, 1,245 in 2019 and 1,133 in 2020.
By nationalities, for the eight years the programme has been running, China leads the table (4,750), followed by Brazil (986), Turkey (450), South Africa (391) and Russia (355). Since the start of the programme 15,965 Golden Visas were issued for families (1,342 in 2020).