China invests €2.5B in Golden Visas

By TPN/Lusa, in Business · 06-12-2019 01:00:00 · 2 Comments
China invests €2.5B in Golden Visas

Chinese investment raised, through ‘golden’ visas, €2.529 billion during the seven years of the Golden Visa programme.

According to data from the Foreigners and Borders Service (SEF), the Residence Permits for Investment Activities (ARI), first launched in October 2012, raised almost €5 billion (€4,911,263,689.42) after seven years, with the acquisition of properties amounting to €4,433,605,566.52.


Of the total amount raised, investment from China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated. In the case of Brazil, 844 ‘golden’ visas were granted during the programme.


Investment of Turkish origin amounted to €200 million (370 ARI) and Russian to €198.7 million (290 ARI). South Africa is part of the group of the five main nationalities that invested in Portugal through this instrument, with €194.6 million invested, with the concession of 318 ARI.

In October, investment through ‘golden’ visas fell 19 percent compared to the same period in 2018, to €59.9 million. Compared to September, the investment obtained increased by 23.7 percent.


In the first 10 months of the year, investment totalled €661 million, 0.8 percent less than in the same period of 2018.
Between January and October, Chinese investment totalled €196.1 million, 10.8 percent less than the same period last year, while Brazil’s investment fell 23 percent to €142.9 million, and Turkey’s investment fell by half, in year-on-year terms, to €40.6 million.


The United States (with €39.3 million) and Russia (€31.3 million) are the other two countries that invested the most through ‘golden’ visas in 2019.



Comments:

Had it not for the Golden Visas, Portuguese economy would have been crumbled by now. Thanks to this step by the government that we are getting so much investments.

by Jorge from Lisbon on 16-12-2019 11:13:00

Selling the Country since 1975 ...The Portuguese are in trouble .Globalisation will destroy Portugal because the politicians in Portugal use the nation as their own private bussinesses with public moneis . There's no such thing as Governemnt investment . Loans from IMF possible only with the guaratee that the return is processed with the tax payer (Public) money .Its a LAW . They know we have no choice but to pay all the taxes ,therefore this rule of returned payment .

by Ricardo Porto from UK on 10-12-2019 10:43:00
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