LCR Analysis of SEF Statistics | January 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.

lcr-pgv-statistics-jan-2023

Since creation

Between the creation of the program in October 2012 and January 2023, Portugal has issued a total of 11,628 Golden Visas, with 5,258 going to investors from China, 1,178 from Brazil, 546 from Turkey, 558 from the United States, and 507 from South Africa, the top five nationalities to receive the Golden Visa over its ten-year history. Another 3,581 visas went to investors from other countries. Since its start, the program has invested almost €6.7 billion in Portugal’s economy.

As of January 2022, the program has not only issued 11,628 investor visas since the start of the program but also benefited 18,962 additional family members.

January 2023

Visas Issued in January

January 2023 totals were lower than those from December 2022. In January, Portugal issued 93 Golden Visas (a decrease of 38% from December), and visa recipients invested €43,408,827.38 in the Portuguese economy (a decrease of 45% from the previous month).

In January 2023, the top five nationalities to receive the Portugal Golden Visa were investors from the United States (21), China (11), UK (10), Brazil (10) and Lebanon (8).

Investment Modalities

Of the 93 Golden Visas that Portugal issued in January 2023, 75 were for investors acquiring real estate (44 new properties and 31 real estate rehabilitations) and 18 were for investors who made investments in the venture capital/investment funds modality. The 75 real estate acquisitions added approximately €36.9 million to Portugal’s economy, and the capital investments totaled approximately €6.4 million, for a total investment of €43,408,827.38 in January.

Final Considerations

In January, investors acquired less real estate properties than in December (75 vs. 105). Overall, January was a good month for the program, continuing to show investors’ preference for real estate over the capital investment modality.

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