Investment in Golden Visa scheme reaches €3bn

Investment achieved through the Portugal’s Golden Visa scheme, which offers residency permits to investors, reached €3bn in March, according to figures published on Friday by the Immigration and Borders authority, SEF.

By the end of March, investment resulting from the Residency Authorisation for Investment Activity (ARI) programme, also known as the Golden Visa scheme, totalled €3,000,434,107.62.

Of this total, most – €2,702,076,908.60 – was investment in acquiring property, while capital transfer totalled €298,357,199.02, according to SEF.

Since the Golden Visa scheme was launched on 8 October 2012, it has granted 4,881 residency permits to foreigners from outside the European Union.

So far this year 679 Golden Visas have been granted.

Source: theportugalnews.com