China invests 2,5 billion euros in Golden Visas

Sat 7 Dec 2019

Chinese investment raised, through ‘golden’ visas, €2.529 billion during the seven years of the Golden Visa programme.
According to data from the Foreigners and Borders Service (SEF), the Residence Permits for Investment Activities (ARI), first launched in October 2012, raised almost €5 billion (€4,911,263,689.42) after seven years, with the acquisition of properties amounting to €4,433,605,566.52.

Of the total amount raised, investment from China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated. In the case of Brazil, 844 Golden Visas were granted during the programme.

Investment of Turkish origin amounted to €200 million (370 ARI) and Russian to €198.7 million (290 ARI). South Africa is part of the group of the five main nationalities that invested in Portugal real estate through this instrument, with €194.6 million invested, with the concession of 318 ARI.

In October, investment through Golden Visas fell 19% compared to the same period in 2018, to €59.9 million. Compared to September, the investment obtained increased by 23.7%.

In the first 10 months of the year, investment totalled €661 million, 0.8% less than in the same period of 2018.
Between January and October, Chinese investment totalled €196.1 million, 10.85% less than the same period last year, while Brazil’s investment fell 23 percent to €142.9 million, and Turkey’s investment fell by half, in year-on-year terms, to €40.6 million.

The United States (with €39.3 million) and Russia (€31.3 million) are the other two countries that invested the most through Golden Visas in 2019.

Read the original article here.

Photo by Ricardo Resende on Unsplash

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