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The Portuguese Golden Visa Hits Three Billion Euros
Portugal Generates Three Billion Euros for Golden Visa Investment in 2017
Ever since it was released back in 2012, the Portuguese Golden Visa program has been and remained a firm favorite among the investors from all around the globe. The latest figures published by SEF, the Portuguese immigration authorities, only but confirm this.
The Portuguese Golden Visa scheme has recently generated a record breaking three billion euros in total investments made through this type of program. So far, a total of seventy eight hundred and ninety six family residency visa’s has been granted.
In this regard, 2016 has been, by far, the busiest year up to date. A total of twenty three hundred and forty four Golden Visa’s has been issued over the course of that singular year. With an impressive twelve hundred and fifty nine Golden Visa’s already being issued in just the first quarter of the year alone, 2017 is projected too see even higher figures.
With those investors who are looking to secure EU residency and citizenship rights through property investment, the Golden Visa program that Portugal offers has always been a rather popular choice.
One aspect of the Portuguese Golden Visa program in particular that sets it apart from many others like it and makes it as attractive as it is, is the fact that the investor and their family automatically become eligible to apply for citizenship six years after the initial investment has been made without being required to reside in the country for prolonged periods of time.
Of course, the fact that residency and citizenship in Portugal come with a passport that allows its holder to freely travel, live, work, and study in any of the countries that are part of the EU Schengen zone should also not be discredited as one of the main factors that contribute to the boosting popularity of the program, as this particular aspect has proven to be a huge advantage to many.
If you are considering the Portuguese Golden Visa program, we urge you to contact us today. Property Lisbon can assist you with the whole process, from providing the initial advice, through sourcing a perfect property to you, and all to the processing your Golden Visa application itself through one of our many specialist legal partners.