Portugal schengen visa

The Portuguese Schengen Visa Program – 77 Million Euros Raised in November

The Portuguese Schengen Visa Program 

Statistics published by the SEF – the Portuguese Borders and Immigration Service – have shown that the Portuguese Schengen Visa program has raised FDI worth seventy seven million Euros from one hundred and twenty six investors in November, which is a figure slightly higher than the previous month, and a figure thirty percent higher than the same month last year.

So far this year, twelve hundred and sixty main applicants have invested around seven hundred and forty four million Euros total through the program, an average capital infusion per applicant being five hundred ninety thousand sic hundred and twenty six. Since the inception of the Portuguese Schengen Visa program, the program has raised just shy of four point two billion Euros from six thousand eight hundred and thirteen investors, an average capital infusion per applicant being six hundred ten thousand Euros.

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After the busy and booming 2014, followed by a crisis-stricken 2015, the latest three years have finally seen the application volumes stabilize at around fourteen hundred annual applications on average. The volumes of applicants for the Portuguese Schengen Visa program remain resilient in spite of the increasingly stiff competition from Portugal’s neighbouring countries and their respective Schengen Visa programs.

The data suggests that for many investors property remains the most desired investment asset, with only one in ten investors opting for an alternative investment asset class.
The increasing injections of capital into Portugal through its Schengen Visa program have also coincided with an equally steep growth of the home prices in Portugal. Whether these two phenomenons have causal or merely correlative relationship is not yet clear. Chinese applicants for the Portuguese Schengen Visa program,

who made up for four fifths of all Portuguese Schengen Visa applicants three years ago, accounted for only forty percent of the Portuguese Schengen Visa investors in November this year.
The interest of the Chinese investors into the Portuguese Schengen Visa program, however, has been on an upward trend since the summer, and it is worth noting that the number of applications from Chinese nationals in November this year has more than tripled since September.

In November this year, fourteen percent of the Portuguese Schengen Visa recipients were Brazilian, twelve percent were Turkish, while Russians and South Africans made up four percent and two point five percent respectively.

 

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