Following a disappointing performance in May, Portugal’s Golden Visa approval volume picked up markedly in June, as a total of 118 main applicants – the highest figure in six months – received residence permits.
Leading the charge were investors from China (45, up from 35 in May) and Brazil (24, up from 18). Turks accounted for six golden visas, while Russians and South Africans obtained three each.
Raising €73 million in June alone and €372 during the year to date, the program has now reached total investments of more than €4.6 billion since inception in late 2012, of which nine-tenths has found its way to real estate.
So far in 2019, the SEF (Portuguese Foreigners and Borders Service) has issued golden visa residence permits to 621 main applicants, and 1,059 dependents, which, on an annualized basis, would equate 1,242 visas, a figure considerably below that of the preceding three years.
It is still early to say, but if this trend-line maintains for the rest of the year, 2019 might have the lowest Golden Visa approvals since 2015.
The Golden Visa program was launched by the Government to grant resident status to all investors, and respective families, wishing to invest in Portugal, either by capital investments, job creation or Real Estate. Once golden residency permit is granted, you will have the right to live, work and study anywhere within the European Union. And once citizenship has been granted, the applicant will become a European citizen with the same rights of anyone in Portugal.
Those who gain access to Portuguese citizenship by investment thanks to the Golden visa only need to visit 7 days out of the entire year. Despite this, investors who have acquired residency through the golden visa Portugal must prove that they have ties to the country - such as property.
Learn more about the Portuguese Golden Visa on our website page on the subject. For more information on the program and personalized guidance over all of our Golden Visa properties available, please submit an enquiry through our website and one of our expert Property Advisors will contact you.
About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden Visa, NHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
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Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan
Ryan is very professional, but also friendly and knowledgeable about the Golden Visa market. He was also flexible as travelled from the Algarve to meet me in Lisbon to stand in for 1 colleague at short notice.Investor from UK
Portugal Homes did a great job keeping me up to date with progress on my new home construction purchase by providing regular and comprehensive reports. This helped to ease anxieties about doing a home purchase in the midst of a global pandemic.Investor from the USA
Although through Zoom, we established great confidence in George's integrity. [It was] important for us to have confidence in the staff's ability to feel aligned in views.Donald Collie from Australia
The process was very quick and clear. I got all the information I needed in the first hour. The experience was perfect.Tomoko Inoue from Japan
Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!John Mulroe and Wiebke Bock