Brazilians invest 47 million euros in Portugal between 2013 and 2014

16 October 2014

Brazilians have invested 47.59 million euros in Portugal between 2013 and 2014 and became the second nationality to receive the most “golden” visas, with 53 special residence permits, according to a statement from the Portuguese Consulate in Sao Paulo cited by Portuguese news agency Lusa .

Brazil is second only to China for golden visas, whose citizens received 1,249 visas in the period.

Fifty-three Russian citizens also received golden visas in the period, the consulate said.

They were followed by citizens of South Africa (40), Lebanon (30) and Angola (23).

Special Residence Authorisation for Investment (ARI), or “golden visa” was launched on 8 October 2012 to attract investments from outside the European Union into Portugal.

In the two years since the ARI was launched it has attracted over 1 billion euros of investment to Portugal. (macauhub/BR/PT/CN)