Investment through gold visas falls 5% in September to 37 million euros – The Economic Journal

Investment through gold visas falls 5% in September to 37 million euros - The Economic Journal


The investment resulting from the granting of 'gold' visas fell by 5% in September, year-on-year to 37 million euros, and 19% from August, according to statistics from the SEF.

In September, the investment resulting from the granting of Residence Permit for Investment Activity (ARI) totaled 37,042,550.61 euros, down 5% from 39,189,911.93 euros registered in the same month of 2017.

Compared to August, investment fell 19%.

Last month, 64 gold visas were granted, 61 for the acquisition of real estate, for a total investment of 33,914,447.17 euros, of which 3,689,120 euros for the purchase of real estate for urban rehabilitation purposes (10 granted visas).

Three gold visas were also granted through the transfer of capital, totaling in September 3,128,103.44 euros.

Investment in the first nine months of the year amounted to € 592,885,552.59, down 19% on the same period in 2017.

In almost six years – the ARI program was launched in October 2012 -, the accumulated investment totaled 4,004,151,394.98 euros in September, with the acquisition of real estate adding up to 3,630,878,531.35 euros.

The capital transfer totaled until September an investment of 373,272,863.63 euros and the acquisition of real estate 3,630,878,531.35 euros, according to statistical data.

Since the creation of this instrument, which attracts investment, 6,562 ARI have been allocated: two in 2012, 494 in 2013, 1,526 in 2014, 766 in 2015, 1,414 in 2016, 1,351 in 2017 and 1,009 in 2018.

Up to September, in accumulated terms, 6,202 'golden' visas were granted through the purchase of real estate, of which 196 for urban rehabilitation. As a condition of the capital transfer, the visas granted total 348 and by creating at least 10 jobs, 12.

By nationality, China leads the allocation of visas (3,952), followed by Brazil (590), South Africa (262), Turkey (247) and Russia (228).

Since the beginning of the program, 11,125 residence permits have been allocated to regrouped family members, of which 1,810 have been granted this year.



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