Golden visa: Investment increased 192% in May

Golden visa: Investment increased 192% in May

The increase was even higher when compared to the 28 million euro invested in April, a 421% increase.

The numbers announced by press agency Lusa, based on data from Serviço de Estrangeiros e Fronteiras (Foreigners and Borders Service), show that this was the highest monthly investment since March 2017, when 192.4 million euro were invested. 

During the month of May alone, 270 visas were issued, of which 257 corresponded to real estate investment: 73 for urban renewal and 136.9 million euro in purchasing new assets.

68 visas were issued to Chinese citizens, 30 to Brazilian citizens, 19 to American citizens, 19 to Indian citizens and 17 to Turkish citizens.

The aggregated investment generated by the issuing of ARIs (Residence Permit for Investment Purposes) between January and May reached 293.9 million euro, 1.7% less yoy, corresponding to 529 visas, quoted Eco.

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