Investment through gold visas doubles in October to 74 million

The investment resulting from the granting of ‘gold’ visas doubled (100%) in October, compared to September, to 74 million euros, according to the statistics of the Foreigners and Borders Service (SEF).

In October, the investment resulting from the granting of Residence Permit for Investment Activity (ARI) totalled 74,202,048.76 euros, doubling against 37,042,550.61 euros registered in the previous month.

In September, investment had declined 19% from August.

Last month, 125 ‘golden’ visas were awarded, of which 118 were awarded through the purchase of real estate, for a total of 66,807,218.91 euros, and seven through the capital transfer criterion, which raised an investment of 7,394. EUR 829.85.

Of the total ‘gold’ visas awarded through the purchase of real estate, 19 were allocated for urban rehabilitation.

In six years – the ARI program was launched in October 2012 -, the accumulated investment totalled 4,078,353,443.74 euros, with the acquisition of real estate adding up to 3,697,685,750.26 euros.

The capital transfer totalled an investment of € 380,667,693.48 over six years.

Since the creation of this instrument, which attracts investment, ARI 6,687 has been allocated: two in 2012, 494 in 2013, 1,526 in 2014, 766 in 2015, 1,414 in 2016, 1,351 in 2017 and 1,134 in 2018.

Up to October, in accumulated terms, 6,320 ‘golden’ visas were granted through the purchase of real estate, of which 215 were for urban rehabilitation. As a condition of the capital transfer, visas granted totalled 355 and were allocated 12 through the creation of at least 10 jobs.

By nationality, China leads visa (3,981), followed by Brazil (608), South Africa (265), Turkey (264) and Russia (232).

Since the beginning of the program, 11,370 residence permits have been allocated to regrouped family members, being 2,055 this year.

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