Golden visa investment down

The investment captured through ‘Golden Visas’ was 18.4% lower this April than in the same month last year, at €63.6 million, the Portuguese border agency said.

By TPN/Lusa, in News · 12 May 2018, 16:19 · 1 Comments

Most of the investment in April was to buy property (€54,901,536), while capital transfers were responsible for €8,746,047.

Last month the Portuguese government issued 109 visas, 100 of which were to people buying properties.

Investment from Golden Visas in the first four months of the year totalled €357,542,225, a 30% drop compared with the €511,326,231 recorded in the same period in 2017.

China is at the top of the list of citizens who have been granted Golden Visas since the system was launched (3,805 until April), followed by Brazil (538), South Africa (243), Russia (215) and Turkey (202).

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Comments

We are an American couple considering immigrating under Portugal’s Golden Visa program. We understand that sine officials are questioning the program’s real benefit to Portugal, over and above yhe financial return. I have akways questioned why the government has not attached a residency clause requiring the owners to actually live in their new home. Many of the countries listed are known for buying up property in countries in which they never actually live. Why not change the program to require that they live in their new home and thus continue to contribute to yhe country? That’s what we plan to do.

By Tes Stone from USA on 13 May 2018, 15:09