Investment from golden visas falls 29% in January to 99.2 million

  • ECO News
  • 9 February 2018

In January, 164 golden visas were granted in Portugal. One hundred and fifty four of them were meant for real estate properties.

Investment captured by means of golden visas suffered a 29% fall in January in comparison to the same month of 2017, to 99.2 million euros, according to data from SEF (Portuguese Immigration and Borders Service).

In the first month of the year, investment from residence permits for investment activities (ARI), also known as golden visas, ascended to 99,169,840.74 euros, a 29.9% homologous decrease (141,250,454.23 euros). As for December, when investment totaled 30,403,224.21 euros, investment more than tripled (226%).

From the total amount obtained in January, most of it still comes from the acquisition of real estate (90,038,633.75 euros). During that month, 164 golden visas were granted, and 154 of them were given with the purpose of acquiring real estate. The transfer of capital got Portugal 9,131,206.99 euros and was responsible for nine visas, while there was only one ARI granted due to creating at least ten job positions.

Since golden visas started being distributed, on October 8 of 2012, and until last January, investment captured with ARIs reached 3,510,435,683.13 euros: 334,029,367.45 euros from capital transfers and 3,176,406,315.68 euros from purchasing real estate.

Since this instrument was created, aiming to grasp investment, 5.717 ARIs 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 164 in 2018. More than five thousand were granted for acquiring real estate (5,397), 311 from capital transfers and nine for creating at least 10 job positions.

China leads the list (3,645 until January), followed by Brazil (493), South Africa (228), Russia (200) and Turkey, a country that just made it into top 5 replacing Lebanon, with 131 ARIs.