The investment raised through golden visas more than doubled
in September, compared to the same month of 2021, to €67.4 million, according
to accounts made by Lusa based on data from the SEF.
In September, the investment raised with the “golden visa”,
the Residence Permit for Investment (ARI) program, more than doubled compared
to the €30.4 million raised in the same month of 2021.
Compared to August (€37.5 million), investment grew by
almost 80 percent.
During the first nine months of the year, the investment
raised amounted to €465 million, 43 percent more than the more than €325
million registered in the same period of 2021.
Last month, 120 visas were granted, of which 100 were based
on the criteria for acquiring real estate (44 for urban rehabilitation) and 20
for capital transfers.
Ofcourse these investments are made at the cost of the Portuguese people. The return does not flow to them. No return ie creation of value comes to the Portuguese. Unless we talk about lower-skill, low-value-adding service jobs. A situation where it seems you want Portugal to become the waiter or server to people coming from countries where real, substantive, value-producing value was produced!
By Formed from Lisbon on 18 Oct 2022, 05:11
More people who will want the country run for them, not the locals. Shameful.
By J from Lisbon on 18 Oct 2022, 13:41
Agreed with Formed but shouldn’t this the job of government to channel those foreign investment incomes to improve living and education (hence better job opportunities) of the locals ? I am not sure how you can short cut the process..
By CB from USA on 19 Oct 2022, 15:41