'Golden visa' investment down 31% in February

By TPN/Lusa, in News · 12-03-2019 06:09:00 · 0 Comments
'Golden visa' investment down 31% in February

Investment attracted through Portugal's golden visa scheme - which gives wealthy investors a fast track to Portuguese residence permits - dropped 31% in February compared to the same month in 2018 to €62.8 million, according to figures released on Monday by the country's Foreigners and Border Service (SEF).

In February, investment attracted under the programme dropped from €91,380,873.02 to €62,856,825.09. Compared to January, there was a 26.5% drop.

Out of the total investment attracted, the main part corresponded to the attribution of visas through the purchase of property, totalling €54,211,076.26, while investment through the capital transfer requirement totalled €8,645,748.83.

Last month 101 golden visas were attributed, out of which 92 through the purchase of property and nine through the transfer of capital.

In total, 485 golden visas were awarded in 2018, compared with 538 the previous year.

By nationalities, in cumulative terms, China leads with a total of 4,159 permits over the lifetime of the programme, followed by Brazil (695), Turkey (317), South Africa (281) and Russia (248).


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