Portugal has already allocated 1,649 visas “gold”: foreign investment exceeding one billion
real estate purchase represents the largest share of investment: 906 million euros, a total of 1,563 permits issued. The investment “exceeded” expectations of the Government.
Portugal has awarded 1,649 titles residence permit for business investment, also known as seen “gold”, the Government announced this Thursday, 9 October in statement.
Foreign investment through this program exceeded one billion euros, at a time when it celebrates its second anniversary.
real estate purchase represents the largest share of investment : Euro 906 million, a total of 1,563 permits issued. The values are consistent with those advanced by the Portuguese Confederation of Construction and Real Estate earlier this month.
China is the national spotlight, getting 80% of these titles. In all, 45 nationalities were betting in the country.
In a statement, the Government highlights the “relevant effect [visas" gold "] in stimulating economic activity, particularly in the real estate sector” well as increased tax revenue and creating jobs
Journalists, the Deputy Prime Minister Paulo Portas. – one of the faces associated with this program – revealed that “the so-called visa” gold ” . surpassed even today all the goals we had established “
For a residence permit for investment activity is necessary to meet one of the following conditions: make a transfer of capital amounting minimum of one million euros, create at least ten jobs or invest a minimum amount of 500 thousand euros in real estate.
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