LCR Analysis of SEF Statistics | February 2023

The Portugal Golden Visa is an investor visa program that benefits individuals and families, providing them the right to live, work, study, and/or retire in Portugal and the European Union. The program also opens a gateway to Portuguese citizenship for investors and their families.


Since creation

Between the creation of the program in October 2012 and February 2023, Portugal has issued a total of 11,758 Golden Visas, with 5,281 going to investors from China, 1,187 from Brazil, 579 from the United States, 560 from Turkey, and 507 from South Africa, the top five nationalities to receive the Golden Visa over its ten-year history. Another 3,644 visas went to investors from other countries. Since its start, the program has invested almost €6.8 billion in Portugal’s economy.

As of February 2023, the program has not only issued 11,758 investor visas since the start of the program but also benefited 19,171 additional family members.

February 2023

Visas Issued in February

February 2023 totals were significantly higher than those from January 2023. In February, Portugal issued 130 Golden Visas (an increase of 42% from January), and visa recipients invested €55,297,361.26 in the Portuguese economy (an increase of 27% from the previous month).

In February 2023, the top five nationalities to receive the Portugal Golden Visa were investors from China (23), the United States (21), Turkey (14), India (12) and Brazil (9).

Investment Modalities

Of the 130 Golden Visas that Portugal issued in February 2023, 87 were for investors acquiring real estate (37 new properties and 50 real estate rehabilitation), and 43 were for investors who made capital investments (1 capital transfer, 39 investments in the venture capital/investment funds modality and 3 investments in a business that creates a minimum of 5 jobs). The 87 real estate acquisitions added approximately €39.3 million to Portugal’s economy, and the capital investments totaled approximately €15.9 million, for a total investment of €55,297,361.26 in February.

Final Considerations

In February, investors acquired more real estate properties than in January (87 vs. 75). Overall, February was a great month for the program, continuing to show investors’ preference for real estate over the capital investment modality. The business investment modality that creates a minimum of 5 jobs uniquely appeared in February, with three investors.

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