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Portugal’s Golden Visa investment raised 40%

Dec 15, 2022

Last month, the investment raised through the Residence Permit for Investment (ARI) programme, which completed 10 years in October, totalled 65.6 million euros, an increase of 40% compared to the 46.6 million euros recorded in November 2021.

Compared to the 44.3 million euros raised in October, investment grew by 48%. In the first 11 months of the year, the investment made through golden visas sums more than 575 million euros, an increase of 37% compared to the same period in 2021, according to the data provided by SEF – The Immigration and Border Service.

In November, 121 golden visas were granted, of which 95 for the acquisition of real estate (36 for urban rehabilitation) and 26 for the transfer of capital.

In cumulative terms, 1,130 gold visas were issued this year up to November (94 in January, 94 in February, 73 in March, 121 in April, 112 in May, 155 in June, 80 in July, 77 in August, 120 in September, 83 in October and 121 in November).

Investment in the purchase of real estate counted €54.6 million in November, of which €12.3 million in urban rehabilitation. Capital transfers amounted to 11 million euros.

By country, 18 gold visas were granted to the United States last month, followed by the United Kingdom (14), China (13), Brazil (10) and South Africa (10).

In the month under review, 138 residence permits were granted to reunited family members, which in the total of the year corresponds to 1,341.

Portugal’s Golden Visa program is one of the most popular residency by investment programs in Europe and in the world. The program started in October 2012 and since then 11,384 applicants have received their Golden Visas.

Source: Lusa

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