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PORTUGAL GOLDEN VISA INVESTMENTS INCREASED BY 35% IN JUNE

PORTUGAL GOLDEN VISA INVESTMENTS INCREASED BY 35% IN JUNE

Portugal Golden Visa investments continue to attract investors because it is the shortest way their residence, work permits and citizenship. According to official statements, Portugal Golden Visa continues to be one of the most attractive golden visa program in terms of investment with a total investment of 52.8 million euros and an increase of 34.6% compared to the same period of the previous year.

According to May, officially this investment, known as the Housing Authorization for Investment (ARI), decreased by 28% in June. Most of the total investment in June was € 49.75 million over property purchases, while capital transfers (at least EUR 1 million) amounted to approximately € 3.1 million.

Last month, 90 people were granted a residence permit through Golden Visa, of which 87 were obtained through real estate. Four of them were given for renovation projects with less money. A total of 164 permits have been granted for this kind of investments between July 2016 and July 2016 when the renovation projects substance came into force. Cumulatively – since Golden Visas came into force in October 2012 – the total investment is € 3,895 billion, of which € 3,529 is for water purchases.

In the last five and a half years, a total of 6,369 Portugal Golden Visa was granted. China, with 3890 individual applications to Portugal in the first place in terms of Golden Visa application. Other countries, in a row, Brazil with 561, 254 with South Africa, Turkey and is followed by Russia with 224 and 222.

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