Gold Visas investments up 41% in November to €77M

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Gold Visas investments up 41% in November to €77M
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Published: 17th December 2018, 12:46pm

Investment from Portugal’s so-called Golden Visa programme rose by 41% in November, compared to the same month in 2017, to €77 million, according to data from the Foreigners and Borders Service (SEF).

In November, 126 golden visas were granted, 121 for the acquisition of property (13 of which for urban rehabilitation) and five for capital transfers.

Between January and November, the investment totalled €744,188,477,88, an 8.5% drop compared to the first 11 months of 2017, when it amounted to €813,685,673,56.

Since the Golden Visas were launched on 8 October 2012, until last November, the total investment amounts to €4,155,454,320.27, of which €386,394,936.60 is related to the transfer of capital and €3,769,059,383.67 for the acquisition of real estate.




So far 6,813 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 and 1,260 in 2018.

In cumulative terms, 6,441 visas were granted for the acquisition of property, 360 for capital transfers, and 12 for the creation of at least 10 jobs.

China leads the list of gold visas granted (4,013), followed by Brazil (625), Turkey (279), South Africa (268), and Russia (237).

Source: News Agency LUSA

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