The Portuguese Golden Visa Numbers Exceed 2015 – The Portuguese Golden Visa Suspended in 2015
According to the official figures that have been issued by the Portuguese immigration authorities, SEF, the number of the Portuguese Golden Visa’s that has been granted in the initial period of the third quarter of 2016 alone had already exceeded the total number of the Portuguese Golden Visa’s issued in the whole of 2015.
In only the six month period up to the 30th of June 2016, there had already been a total of eight hundred and twenty-one Golden Visa’s approved. That was already more than the total number of the Portuguese Golden Visa’s approved and issued in all of 2015.
Source: Portugal Golden Visa Statistics.
Golden Visa Delays in 2015 – The temporary suspension of the Portuguese Golden Visa in 2015
In the summer of 2015, the Portuguese governmenttemporarily postponed the Golden Visa program,
while they were putting new procedures and rules in place in order to avoid a repetition of the Golden Visa issuing fraud that resulted in and ended with the resignation of the then Portuguese Minister of Internal affairs, Miguel Macedo. This temporary suspension of the program was the main reason behind the fact that the Portuguese Golden Visa figures took such a massive hit in 2015.
Fortunately, the Portuguese government worked quickly and efficiently, and by September of 2015 the new rules have already been introduced and in place, and the application processing for the Portuguese Golden Visa had begun again. In spite of this massive controversy which had directly resulted in the temporary suspension of the program and even ended with the resignation of one of the Portuguese, at the time, major political figures, investments and visits made by other Golden Visa applicants never once stopped throughout this whole period, and neither did new the inquiries and investments made by new applicants.
The temporary suspension of the program only affected the applications that had already been submitted by then, delaying their processing until the new changes were introduced.
To see how the Portuguese Golden Visa program has recovered since then, please refer to our other article on this site by the title of “The Portuguese Golden Visa Numbers Exceed 2015 – The Portuguese Golden Visa Breaks New Records in 2016”.
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