Last month, the total investment resulting from the granting of Residence Authorization for Investment (ARI) in Portugal reached €146m, an increase of 192 percent compared to the €50m recorded in May 2019. In May, 270 gold visas were granted, of which 257 were based on the acquisition of real estate. In the first five months of the year, the total investment raised through gold visas was €294mm which was 1.7 percent less than a year earlier. The highest number of these visas were for people from China, while 30 were from Brazil and 19 came from the United States.
