Golden visa investment almost triples

in News · 12-06-2020 01:00:00 · 15 Comments
Golden visa investment almost triples

Investment raised through golden visas almost tripled (192 percent) in May, compared to the same month of 2019, to €146 million, according to statistics from the Foreigners and Borders Service (SEF).

Last month, the total investment resulting from the granting of Residence Authorisation for Investment (ARI) reached €146,168,473.40, which represents an increase of 192 percent compared to the €50 million recorded in May 2019.


May recorded the highest monthly investment amount raised since March 2017, when €192.4 million were raised in ARI. In relation to April (€28 million), the investment raised more than quintupled (421 percent).


In the first five months of the year, the total investment raised through golden visas totalled €293,903,059.01, 1.7 percent less than a year earlier. Between January and May, 529 golden visas were issued, of which more than half last month.


In May, 270 golden visas were granted, of which 257 through the acquisition of real estate, of which 73 were for urban rehabilitation, and 13 through the capital transfer criterion.


The purchase of real estate totalled €136.9 million (urban rehabilitation amounted to €26.2 million) and the transfer of capital €9.2 million.
Of the total golden visa concessions in May, 68 came from China, 30 from Brazil, 19 from the United States, 19 from India and 17 from Turkey.



Comments:

This is the dumbest program ever conceived. Reeks of potential for corruption. In an age where public funding through various channels should be abundant, the least attractive option is importing wealth and entitlement from offshore accounts. Not much long term gain for the Portuguese people and their local economies. It does however put property pricing into the stratosphere and out of reach of most ordinary citizens. Short term gains for long term pains.

Not a good way to build a sustainable economy to benefit the people LONG TERM.

By Paula from Algarve on 18-06-2020 09:20

please send details about golden visa investment

By Nawaz Memon from Other on 14-06-2020 08:06


I need humanitarian / political, etc., asylum for self and immediate family members. Thank you for your attention and opportunity and helpful support.

By D. Frankson from Other on 13-06-2020 09:37

I like to wo

By Sajjad Ahmed from USA on 13-06-2020 08:01

Visa investment

By Mohammed from Other on 13-06-2020 05:12

The petro doller economy collapsed which means it can be politicised and over turn.
Healthcare at preesent has potential growth and some kind of stability, Yes another sector which can contribute in stability and economic growth is the education sector, the modern age hi-tech quality education.
So, investment in this sector along with manufacturing will be a brilliant step to shift dependency from unique oil sector to a multiple broader sectors. Thanks

By Talib Hussain from Other on 13-06-2020 04:12

Golden visa

By Ade Ajayi from Other on 12-06-2020 11:56

I would have expected the Golden Visa applications to be on the decrease. Particularly the restrictions on travel must have affected the program. I thought the applicants need to go to Portugal for the paperwork. Though perhaps not.



Thank you for the data driven article.

By Patrick Neilson from USA on 12-06-2020 11:10

please mail ne the info on this visa.
What job opportunities are there available

By Maryna Francis from Other on 12-06-2020 10:07

Its too bad the article does not mention requirements. if I remember correctly it's 500k or million euro investment. This is only for the rich.

By Abu from USA on 12-06-2020 09:57

Sir
I am Mizan.help me i am going to Canada

By Md. MizanurRahman from Other on 12-06-2020 05:14

Can you plz give me more details about golden visa

By Tameem from Other on 12-06-2020 03:59

Keep me posted
Thanks

By Mohamed Belmejdoub from UK on 12-06-2020 03:32

Dubai should cobstrate to industrial & manufacturing projects instead of investing in properties which are limited to certain bench mark. Hospital industry can be a highly paid & very demanding sector that would not only create patient care visitors but medical tourism will also help Dubai's much needed tourism industry. Dubai can be a hub of medical tourism & healthcare in the MENA. We are willing to invest in hospital industry building new state of the hospitals in Dubai & Abu Dhabi if appropriate support & financial support is provided in a required manner. It will also create new employment opportunities & patients seeking medical care in USA European countries can be diverted to Dubai.

By M A Shahid from USA on 12-06-2020 03:13

Dear sir;
Really I would like to work portucal please how can I get job please help me please?

By JEGABAR SHADIK from Porto on 12-06-2020 10:36
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