In the first quarter of last year, China led the top 5 by nationalities of the Residence Permit for Investment (ARI) program, with an amount raised of 51.7 million euros and 100 golden visas granted. This year, the number has dropped to 43 permits.

USA moves up

In the first three months of this year, the United States leads the table, with China moving into second place, with an accumulated investment until the end of March of 20.7 million euros, which represents a drop of more than half (59, 9%) compared to the same period in 2021.

Investment from the United States more than tripled in the quarter of this year, compared to the same period in 2021, to 25.1 million euros, corresponding to 52 golden visas. A year ago, US investment raised through “golden” visas was 6.8 million euros (13 ARIs granted).

India ranks third in the first quarter, with an investment of over eight million euros and 18 golden visas awarded. Last year, the country was not in the top 5 in the first quarter.

This is followed by Brazil, whose investment raised this year rose 1.7% year-on-year to 11.4 million euros and 17 ARI granted. In the first quarter of 2021, Brazil was responsible for 11.2 million euros raised through golden visas, with 18 residence permits granted.

In fifth place this year is South Africa, with an accumulated investment until March of more than 7.6 million euros and 15 golden visas.