Portugal Receives Over 640 Million Euros in 2020 from Golden Visa Program

Portugal’s residency by investment program has been operating since 2012 and was created to attract foreign capital for the development of the country’s economy. For the entire time of the program, 9,834 residencies were issued, mostly to Chinese investors:

  • 4,943 – Chinese investors 1
  • ,024 – Brazilian
  • 467 – Turkish
  • 407 – South African
  • 383 – Russians

Since 2012, the program has earned the Portuguese economy about EUR 5.9 billion, of which EUR 5.3 billion was received by buying local real estate

As for the previous year, it has rather good indicators. 1,182 golden visas were issued, of which:

  • 296 Golden Visas received by Chinese Investors
  • 126 Brazilian
  • 75 Golden Visas received by US citizens
  • 74 South African citizens
  • 72 Turks

In total, for 2020, Portugal received EUR 646.7 million.

However, if you look at the results for 2021, they are not so high. For example, in June 2021, the country received only EUR 36.4 million, which is 60% less than in the same period in 2020.

In half of 2021, only 445 foreigners received golden visas (mainly during the periods when the country opened its borders).

According to the Portuguese Border Guard Service (SEF), 67 investors received residence permits in June. Of these, 60 – through the purchase of the real estate.

Foreigners can obtain a Golden Visa from EUR 350,000 in real estate or business.

Find out about all Investment Opportunities in Portugal here

Portugal offers a number of advantages that attract foreign investors:

  • Простые и гибкие требования к инвестициям
  • Низкие требования к минимальному сроку пребывания – 7 дней в первый год и 14 дней после двухлетних периодов
  • Возможность получения постоянного вида на жительство через 5 лет и гражданства через 6 лет
  • Отсутствие ограничений на владение выбранной инвестицией
  • Быстрая обработка заявок на получение вида на жительство
  • Программа позволяет расширить золотую визу на членов семьи (без дополнительных требований к инвестициям)
  • Свобода путешествий во все европейские страны, входящие в Шенгенскую зону
  • Отсутствие ограничений на последующие инвестиции или возможности трудоустройства
  • Небольшое количество необходимых документов
  • Доступ ко всем государственным услугам Португалии, включая здравоохранение и образование

Source: sef

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