in Citizenship by Investment by Prabhu Balakrishnan on February 9, 2017

Portugal’s golden visa programme is the most popular golden visa programme in Europe for property investment. The latest report released by SEF immigration office in Portugal shows, Portugal issued over 11,000 residence permits under the golden visa program from Oct 2012 to Jan 2017. About 4423 residence permits issued for main applicants and 7038 issued for family and dependents.

Residence permits for pursuing investment activities (ARI) 4423 2012 2 2013 494 2014 1526 2015 766 2016 1414 2017 221

Residence permits to family members under family reunification 7038 2012 2 2013 576 2014 2395 2015 1322 2016 2344 2017 401 Total residence permits under golden visa scheme 11461

Portugal golden visa scheme allows third country nationals to obtain a temporary residence permit to enter Portugal or freely move around schengen states. The minimum required investment is 500,000 euros in purchasing a property or capital transfer in business or 250,000 euros in arts or public projects. The most popular option is property investment in Portugal. The fees and other charges for golden visa can be found here published by Government.

Golden visa holders are entitled to:

• Living and working in Portugal, on condition that they stay in Portugal for a period of 7 or more days, in the first year, and 14 or more days, in the subsequent years;

• Visa exemption for travelling within the Schengen Area;

• Family reunification;

• Applying for Portuguese permanent residence (pursuant to the Aliens Act – Act number 23/2007 of 4 July with the current wording );

• Applying for Portuguese citizenship, by naturalization, provided all other requirements set out by the Nationality Act are fulfilled (Act number 37/81 of 3 October, with the current wording);

Total Investment

The total investment received is € 2.708.427.398,85 until Oct 2012 to Jan 2017 is

€ 266.189.285,37 by capital transfer

by capital transfer € 2.442.238.113,48 by purchasing a real estate property

with the following breakdowns..

Golden visa/ARI by acquiring real estate 4171 Golden visa/ARI transferring capital 246 Creating jobs 10 positions 6

Top Nationalities

China and Brazil followed by Russians applying for golden visa in Portugal.

China – 3154

Brazil – 282

Russia – 159

South Africa – 148

Lebanon – 80

Source: http://www.sef.pt/documentos/56/Mapa_ARI_EN_january17.pdf









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