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Investment Raised Through Golden Visa Programme Up to €51.2 Million in April

17 May 2021 – Ana Custódio

Investments raised through the Golden Visa Programme rose by 82.8% in April.

Last month, the Portuguese government issued 98 golden visas, of which 90 stemmed from real estate purchases. According to the SEF- Foreigners and Borders Service, the total investment raised rose by 82.8% y-o-y in April to 51.2 million euros.

According to an article in ECO in April of last year, the total raised hit just 28 million euros. Compared to March, investment resulting from the Residence Permit for Investment programme grew by 39.5 per cent to 36.7 million euros.

The Portuguese government issued 98 golden visas in April, 90 of which stemmed from purchases of real estate (22 for urban renewal), seven from capital transfers and one for job creation, according to the Foreigners and Borders Service.

In April, the purchase of real estate totalled 48.1 million euros, of which eight million euros were for urban renewal, while capital transfers accounted for 3.1 million euros.

Thirty-five gold visas were granted to residents of China, 12 to Brazil, 9 to the United States, 6 to India and 5 to Russia. A total of 326 golden visas were granted in the first four months of the year, including 55 in January, 100 in February and 73 in March. The investment raised between January and April totalled 173.4 million euros, 17% more than in the same period of 2020.

The programme for granting Residence Permits for Investment, launched in October 2012, raised until last April, in cumulative terms, an investment of €5,812,432,281.33.

Since the creation of this instrument, 9,715 Investment Residence Permits have been granted: 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, 1,182 in 2020 and 326 in 2021. Until last March, 9,124 visas were granted through the purchase of real estate, of which 848 with a view to urban rehabilitation.

Translation: Richard D. K. Turner