Portugal has granted 4,202 golden visas since the creation of the residence permit system for Investment Activity (ARI), and citizens of China and Brazil were the main beneficiaries, according to information released by the Portuguese Foreigners and Borders Service (SEF).
The scheme, which was launched in 2012, gave residence permits to two foreigners that year, to 494 in 2013, 1,526 in 2014, 766 in 2015 and 1,414 in 2016.
The SEF also said that by nationalities China comes first with 3,050 residence permits, followed by Brazil with 247, Russia (148), South Africa (137) and Lebanon (72).
This scheme, which is intended to attract investment also allowed 6,637 foreigners to have a residence permit under the “family reunion” clause.
The investment resulting from golden visas granted totals 2.5 billion euros, of which around 251 million euros were obtained through capital transfer and 2.3 billion euros through real estate purchases.
The residence permit scheme for Investment Activity (ARI), in place since 8 October 2012, allows nationals of third countries to obtain a temporary residence permit for investment activity with a residence visa waiver to enter Portuguese territory. (macauhub)