Portugal has received over EUR 6 billion in golden visas, which have been issued since the end of 2012, according to estimates by the local Ministry of the Interior. Such documents are received by investors from countries outside the Schengen area, buying Portuguese real estate or creating jobs.
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According to the ministry, holders of gold visas over 90 percent. earmarked funds for the purchase of real estate.
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In total, over the nine years of the validity of the golden visa program, entitling to reside in Portugal and move within the Schengen countries, this document has been received by over 10,000. investors and 17 thousand. their family members.
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Portuguese media estimates that more than 85 percent. funds from gold visa applicants came from Chinese citizens.
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Portugal – golden visa
From January 1, 2022, new rules for issuing golden visas apply in Portugal, limiting the possibility of obtaining this document by purchasing real estate in the largest cities of the country or on the coast.
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Currently, foreigners buying houses in the Highland or in the Azores and Madeira archipelagos are eligible for a golden visa. The value of the object purchased there must be at least PLN 500,000. euro or 350 thousand. euro if the property is over 30 years old and needs renovation.
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Under the new rules, a golden visa can be obtained by a person who spends no less than EUR 1.5 million on business in Portugal. Previously, it was EUR 1 million.
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photo-source">Main photo source: Shutterstock
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