Investment raised through gold visas fell 6.8 percent in November, year-on-year, to €46.6 million, according to Lusa based on statistical data from SEF.
In November, the investment resulting from the Residence Permit for Investment (ARI) programme totalled €46,669,413 which corresponds to a decrease of 6.8 percent compared to the same month in 2020 (€50 million). Compared to October (€46.4 million), the investment raised remained practically in line (+0.4 percent).
According to statistics from the Foreigners and Borders Service (SEF), in November 83 golden visas were granted, 64 of which through the acquisition of real estate (24 for urban rehabilitation) and 19 through the capital transference criterion.
The purchase of real estate last month totalled an investment of €36.9 million, of which €8.5 million was for urban rehabilitation, while the transfer of capital raised €9.7 million.
By countries, in November 20 golden visas were granted to the United States, while China, which has been leading, obtained 19. Brazil was granted 10, five to Turkey and another five to Russia.
In the first 11 months of the year, 781 golden visas were granted, of which 55 in January, 100 in February, 73 in March, 98 in April, 52 in May, 67 in June, 41 in July, 64 in August, 61 in September, 87 in October and 83 in November. During this period, the investment raised through this totalled €415 million, a decrease of around 33 percent compared to the €618.9 million registered in the first 11 months of 2020.
Is this figure counting the number of residence cards issued, the number of applications approved, the number of biometric appointments completed, the number of applications, etc.?
From a sampling of personal reports, it sounds like after the investment is funded, there's a 3 month delay for application pre-approval, an 18+ month delay to schedule a biometrics appointment, another 3 month delay to secure final approval, and another 3+ month delay to issue the residency card. The article's quoted statistics may be more indicative of SEF's processing throughput than the underlying level of investor activity.
SEF changed the scheduling procedure last week to a first-come, first-served approach. Let's hope the new system will be an improvement.
By Nevadifornia from USA on 22 Dec 2021, 01:33
I need visa uk
By Zeeshan Ali Zeeshan Ali from UK on 22 Dec 2021, 13:33
These article is misleading.
From Personal experience it takes SEF 2 or 3 years to actually grant the Residence Permit.
What use is a Golden Visa Approval without the Golden Visa itself??
The investors are being conned and scammed by misleading articles like this.
Stay away from Portugal Golden Visa.
It's a scam because the SEF will waste 3 or 4 years of your life before you get the GV
By Chimmy from UK on 22 Dec 2021, 14:53