LCR Analysis of SEF Statistics | November 2022

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.

sef-novemberSince its start, the program has invested almost €6.7 billion in Portugal’s economy. In the decade between the creation of the program in October 2012 and November 2022, Portugal has issued a total of 11,384 Golden Visas, with 5,222 going to investors from China, 1,158 from Brazil, 540 from Turkey, 513 from the United States, and 493 from South Africa, the top five nationalities to receive the Golden Visa over ten years. Another 3,458 visas went to investors from other countries.

As of November 2022, the program has not only issued 11,384 investor visas since the start of the program but also benefited 18,617 additional family members.

Number of Visas Issued in November

November 2022 totals were significantly higher than those from October 2022. In November, Portugal issued 121 Golden Visas (an increase of 45% from October), and visa recipients invested €65,654,899.28 in the Portuguese economy (an increase of 48% from October).

In November 2022, the top five nationalities to receive the Portugal Golden Visa were investors from the United States (18), United Kingdom (14), China (13), Brazil (10), and South Africa (10).

Investment Modalities

Of the 121 Golden Visas that Portugal issued in November 2022, 95 were for investors acquiring real estate (59 new properties and 36 real estate rehabilitations) and 26 were for investors who made capital investments (2 capital transfers, 1 cultural heritage contribution, and 23 investments in the venture capital/investment funds modality). The 95 real estate acquisitions added approximately €54.6 million to Portugal’s economy, and the capital investments totaled approximately €11 million, for a total investment of €65,654,899.28 in November.

Final Considerations

In November, investors acquired more real estate properties than in October (95 vs. 71). Overall, November was a fantastic month for the program, continuing to show investors’ preference for real estate over the capital investment modality. The cultural heritage contribution investment modality uniquely appeared in November, with one investor.

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