Investment increased to 52.3 million in February through ‘Gold’ visa – companies

Investment increased to 52.3 million in February through 'Gold' visa - companies

In February, the Investment Residence Authority (ARI) program resulted in investments of 52,318,353.38 euros, 13% higher than a year earlier (EUR 46.2 million) and an increase of 58% compared to January (EUR 33 million).

According to the Foreigners and Borders Service (SEF), 100 gold visas were granted last month, of which 89 were for the purchase of immovable property (24 for urban resettlement) and 11 for transfer of capital.

The purchase of real estate invested EUR 47.5 million, of which EUR 8.6 million was in acquisitions for urban rehabilitation, while capital transfers accounted for EUR 4.7 million.

According to the country, 46 ‘golden’ visas were given to China, seven to Brazil, five to the US, four to Pakistan and three to Russia.

The ARI Concession Program was launched in October 2012, as of February this year – in cumulative terms – an investment of 5,724,426,273.03 euros. Of this amount, most of them correspond to the purchase of real estate, with a total purchase of EUR 5,177,461,049.15 for eight years after the program, 288,856,120.15 for urban rehabilitation.

Investment increased to 546,965,223.88 Euros through capital transfer criteria.

Since the creation of the device, which aims to attract foreign investment, 9,544 ARIs have been allocated: two in 2012, 494 in 2013, 1,526 in 2014, 766 in 2015, 1,414 in 2016, 1,351 in 2017, 2018. 1,249, 1,245 in 2019, 1,182 in 2020 and 155 in 2021.

As of last February, 8,970 visas were allocated through the purchase of real estate, 801 of which were for urban resettlement.

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As a result of the need for capital transfers, the visas put a total of 557 and 17 through employment creation (none of the visas granted in this way remained registered for a long time).

On the basis of nationality, China gives way after Visa (4,837), Brazil (1,001), Turkey (456), South Africa (397) and Russia (366).

Since the program’s inception, family members have been granted 16,265 residence permits for reunification, of which 215 this year.

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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