Golden Visa Portugal - Statistics June 2019

The Portuguese Immigration Services (SEF) have released the latest statistics of the Golden Visa programme.  These latest numbers show that  the total investment  brought in to the country by foreign investors until the end of the first semester of 2019 was over 4.6 billion Euro.

These latest statistics reveal that a total of 7,583 residency permits have been granted so far to investors under the Golden Visa programme.  In addition, a total of 12,874 residency permits were granted to family members of the investors

In terms of types of investments, although property still tops the preferences of the investors, it is possible to see an increase in the capital investment and job creation categories..

Please feel free to contact us if you require further information on the Golden Visa or if you need any assistance with your initial application or renewal.

Golden Visa Portugal - Statistics January 2019

The Portuguese Immigration Services (SEF) have released the latest statistics of the Golden Visa programme.  These latest numbers show that up to 31st January 2019 the total investment  brought in to the country by foreign investors was over 4.3 billion Euro.

It is very interesting to see from the statistics that the number of investors in 2018 was up from the previous year and that in January 2019 alone there were already more than 145 investors approved, which represents more than 10% of the total of last year. 

In terms of types of investments, property is still the preferred route, capturing more than 3.9 billion euro since the start of the programme.

Please feel free to contact us if you require further information on the Golden Visa or if you need any assistance with your initial application or renewal.

Golden Visa - Statistics September 2018

The Portuguese Immigration Services (SEF) have released the statistics of the Golden Visa programme up to 30th September 2018.  These latest numbers show that the total investment that has come into Portugal solely directly from the programme is now over 4 bn Euro.

 According to these latest statistics, there were a total of 6,562 investors and 11,125 family members approved by the end of the third quarter of 2018.  The preferred choice of foreign investors is  still property, with over 3.6 bn euro in this category of investment.

Please contact us if you require further information on the Golden Visa programme or if you need any assistance with your initial application or renewal.

EDGE in Southeast Asia

EDGE international Lawyers is traveling to Southeast Asia to promote investment in Portugal and the Golden Visa programme.  We will be in Singapore from the 23rd to 24th October, in Manila from the 25th to the 27th and in Hong Kong from the 28th to 30th.

Please join us and we will be happy to schedule a meeting during our visit.

Portuguese Parliament reduces time for citizenship to 5 years

The Portuguese Parliament has approved relevant changes to the general Law of Nationality easing up the requirements for obtaining the Portuguese nationality. These changes have been published in the Official Gazette on 5^th July 2018 and are now in full force.

Some of the most relevant changes to the law, include the reduction from 6 to 5 years only for the minimum period of residency required to obtain nationality and also the automatic nationality for individuals born in Portugal with parents that have been residents for at least 2 years.

Regarding the reduction of the time of citizenship, article 6, number 1, paragraph b), establishes that the Portuguese Government will grant citizenship for foreigners that have been resident for a minimum of 5 years.

As to children born in Portugal, article 1^st, number 1, paragraph f), grants nationality to individuals born in Portugal, children of foreign parents, when at the time of birth one of the parents has legal residency for at least 2 years.

The Government will now implement the necessary changes to the Regulation of Nationality.  The changes should be decided within 30 days from the approval of the changes to the Law of Nationality.

Golden Visa Portugal - Statistics May 2018

The Portuguese Immigration Services (SEF) have released the statistics of the Golden Visa programme up to the end of May 2018.  These latest numbers show that the total investment directly arising from the programme is now over 3.8 bn Euro.

 According to these latest statistics, there were a total of 6,279 investors and 10,643 family members approved by the end of May 2018.  As it has been the case since the program was launched, the preferred investment is still property, with over 3.4 bn euro in this category of investment.

We, at EDGE have witnessed the significant improvement of the processing times for applications as our clients are getting approved in around 2 to 4 months on average.

Please contact us if you have any questions or if you need assistance with your initial application or renewal.

Golden Visa - Statistics February 2018

The Portuguese Immigration Services (SEF) have released the statistics of the Golden Visa programme up to 28th February 2018.  These latest numbers show that the total investment directly arising from the programme is 3.6 bn Euro.

 According to these latest statistics, there were a total of 5,876 investors and 9,861 family members approved by the end of February 2018.  as to the investment types, the vast majority of investors selected property as their qualifying investment.

The recently implemented changes to the procedures around the submission and processing of residency applications have been proving to be very effective.  The rate of approvals has increased and the waiting times for both initial applications and renewals has improved substantially, particularly for applications submitted in the Immigration Department's offices located outside of Lisbon. 

Please contact us if you have any questions on these changes or if you need assistance with your initial application or renewal.