Between January and August, investment raised through the Residence Permit for Investment (ARI), also known as the golden visa program, totalled €397.7 million, 34.7 percent more than in the same period last year.

According to Lusa, in August, 77 ARIs were awarded, of which 64 were for the acquisition of real estate (31 for urban rehabilitation) and 13 for capital transfers.

In the first eight months of this year, 806 gold visas were issued (94 in January, 94 in February, 73 in March, 121 in April, 112 in May, 155 in June, 80 in July and 77 in August).

It should also be noted that, in August, 19 golden visas were granted to China, 10 to Brazil, another 10 to the United States, five to Pakistan and four to Morocco.

Since the ARI grant program was launched in October 2012, almost €6.5 billion have been raised through this instrument, according to the news agency, and 11,060 golden visas have been allocated.

Source: The Portugal News