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Portugal: Gold visa scheme investments down 29 pct in January

Source: Macau News Agency, 10/02/2018

10 Feb 2018 - Macau News Agency
Lisbon, Portugal ï¿½ï¿½` Investments related to the so-called gold visa
scheme in Portugal fell 29% year-on-year in January to â‚¬99.2 million
euros, according to figures from the Foreigners and Borders Service
(SEF).
In the first month of the year, the investment resulting from the
Residence Permit for the Investment Activity (ARI) system, also known
as the Gold Visa scheme, totalled â‚¬99,169,840.74, down 29.9% compared
ot January 2017 (â‚¬141,250,454.23).
Compared to December 2017, when ARI investment totalled â‚¬30,403,224.2,
the figure for January more than tripled (226%).
Of the total amount raised last month, the majority is related to
investment in property (â‚¬90,038,633.75), while capital transfer reached
â‚¬9,131,206.99.
In January, 164 gold visas were granted, of which 154 were in return
for real estate investments.
Nine gold visas were granted in return for capital transfer and one
visas was granted for the creation of at least 10 jobs.
In accumulated terms ï¿½ï¿½` since the gold visas scheme was launched on
8
October, 2012, until January ï¿½ï¿½` the total investment raised by the
ARI
reached â‚¬3,510,435,683.13 .
China leads the list of granted residence visas (3,645 by January),
followed by Brazil (493), South Africa (228), Russia (200) and Turkey,
which was listed for the first timein January, with 131 visas.

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