This information is provided by the WeChat official account of investment immigration insiders. Author ChristianNesheim
Data released by the Portuguese Immigration Bureau this week showed that the Portuguese Golden Visa approved 120 golden visa in September, attracting a total of 67.43 million euros, which is the second best monthly performance of the project since June 2020.
Portugal Golden Visa - Total Monthly Investment
From the beginning of this year to the end of September, the Portugal Golden Visa has raised 465 million euros of investment from 926 investors and their 1,099 families. With one quarter left in 2022, the project has raised more investments and approved applicants than in the whole year of 2021. Last year, 865 approved main applicants brought 461 million euros in investment.
Portugal Golden Visa: Visa issuance
html Chinese applicants were the largest investor group in September, taking away 26 out of 120 visas, followed by 17 Americans. The British turned out to be the top five investors in September, taking away a record 16 visas. In the history of the project, the British had only entered the top five twice before (March this year and December last year), and even at that time there were only 4 visas each time.
htmlIn September, Brazilians who took 14 visas became the fourth largest investor group, while Indians (who have entered the top five investor sources for seven months in the past 12 months) took 7 visas.
Portugal Golden Visa Number of approved main applicants in each month, arranged by source
Just three months after entering the top five investor groups in history , Americans have now surpassed South Africans to become the fourth. As we predicted in June:
Since June 2022, Americans has surpassed Russians to become the top five applicant groups in Portugal's Golden Visa. Since 2012, the cumulative number of applications has reached 445. Given the speed of Americans applying this year (average 21.7 cases per month), Americans are likely to surpass South Africans (5.2 cases per month) and Turkish (6.0 cases per month) before the end of this year, ranking third among the historical applicant group.
Portugal Golden Visa History Cumulative Source Distribution of Applicants
U.S. Applicants share of Portugal Golden Visa
At the same time, Chinese are experiencing a rebound, and it seems that they may become the largest investor group this year, and Americans may get this title in the middle of the year. Since the beginning of the year, Americans have accounted for 17.5% of the approval volume, while Chinese people have 17.0%. The situation has been changing in a direction that is beneficial to China in the past two months. The final result will be difficult to say.
Portugal Golden Visa Number of visas issued to Americans and Chinese people each month
In terms of the number of applications under each investment option, the "need to be renovated" real estate option is currently the largest investment option, followed by the traditional category 3 real estate investment option. The latter's approval volume is expected to shrink significantly in the coming months as the application submitted in 2022 (this category is excluded from major cities) enters the approval stage. The growth of fund options seems to slow down, at least from a relative perspective.
Investor share under each investment option of Portugal Golden Visa
However, from the perspective of investment amount, the regular home purchase option is still the largest contributor to the project's foreign direct investment.
Portugal Golden Visa Share of each investment category in foreign direct investment
From an absolute perspective, the growth curve of fund options is strong and is expected to reach a score of nearly three times last year, both in terms of application volume and investment amount.
Portugal Golden Visa Fund Option Investors received approval
Portugal Golden Visa Fund Option Rise of Portugal Golden Visa Fund Option
