Golden visas up 94%

Last month, 112 golden visas were granted, of which 93 were for the acquisition of real estate, according to SEF data.

By TPN/Lusa, in Property, Portugal, World · 13 Jun 2022, 11:04 · 2 Comments

Investment through golden visas grew 94% in May, compared to the same month in 2021, to 53.8 million euros, according to data from the Foreigners and Borders Service (SEF). Compared to April (59.7 million euros), investment raised through the Residence Authorization for Investment (ARI) program fell by 9.8%. In the first five months of the year, the investment raised totalled more than 238 million euros.

In May, 112 golden visas were granted (in January there were 94, in February also 94, in March 73 and in April 121), of which 93 for the acquisition of real estate (48 for urban rehabilitation) and 19 through the transfer criterion of capital.

Investment in the purchase of real estate totalled 44.9 million euros in April, of which 16.8 million in urban rehabilitation, while in the capital transfer the value was 8.8 million euros.

In total 17 golden visas were given to people from China, 16 to the USA, 10 to Brazil, 8 to Lebanon and 7 to India.

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Comments

We bought a renovated property in Lisbon in March 2021. Our golden visa application was approved in August 2021. They were quick to ask for the money. But since then we are awaiting the appointment for the biometrics. We don’t understand what’s going on really?

By Sana Bajjar from Other on 13 Jun 2022, 18:01

The process of getting Golden Visas includes 4 milestones -- preliminary approval, biometrics taken, final approval, and residency permit granted. Which milestone does this article refer to? What are the current backlogs for processing Golden Visa applications to each of these milestones? It seems that the current end-to-end time is measured in years.

By William Hutchinson from USA on 15 Jun 2022, 18:39