Since early 2020, businesses around the world have stalled, and commercial tourism has been severely affected by Covid-19. However, the Portuguese Gold Visa program, between the epidemic period and travel restrictions, is about to reach the largest number of application approvals since 2016.
In June 2020, the Portuguese government has allowed 171 applications of the main applicant with a total of 293 family members receive a residence permit in Portugal. Although the figure is significantly lower than in May - the month considered to be the best of Portugal - but still ranked second after the program began in 2012. In the first six months of 2020, 700 The main candidate has been approved, in which data show that the recent 2 months accounted for two-third of the number of applications.
The program received 89 million EUR in June, bringing the total amount in 2020 to 383 million EUR, accounting for 52% of the total number of 2019 and bringing the program's sales this year to the top of the record.
Diversification is also clearly reflected in the applicant's investment options; while the proportion of applicants choosing the "alternative property" category (here defined as any investment option other than a real estate investment worth EUR 500,000) was only 6% for 2016 and now it has steadily increased and has grown sharply since then. In the first half of 2020, 34% of investors chose a variety of investment options, up three percentage points from the previous month and up 10 percentage points since 2019.
Among the investment options, the fastest and absolute growth option is real estate investment worth EUR 350,000 (while, on the relative level, it is the choice of venture capital/investment fund option has tripled in popularity over the last year.
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