Chinese citizens invested 2.06 billion euros in Portugal in exchange for gold visas

2 February 2018

The investment by citizens of China in Portugal under the Residence Permit for Investment Activity (ARI) scheme totals 2.06 billion euros, for a total of 3,588 so-called gold visas, the Portuguese Foreigners and Borders Service (SEF) said.

In cumulative terms – since the golden visas began to be allocated on 8 October 2012 until last December – the total investment attracted by the scheme reached 3.411 billion euros, with Chinese investment accounting for about 60% of the total raised.

Investment by Chinese citizens in 2017 amounted to 306.3 million euros, with the granting of 538 visas, or a 37% decrease compared to 487.4 million euros, with 848 gold visas, registered in 2016.

The best year for attracting investment from China was 2014 when the gold visas scheme raised 710.9 million euros and allocated 1,235 residence permits. (macauhub)