unexpected!
The British and Americans are in a fierce competition with Chinese applicants for a highly sought-after status.
As we all know, the United Kingdom and the United States have always been popular destinations for global immigration, attracting many applicants.
However, in recent years, more and more American applicants and British applicants have begun to immigrate in other countries! Migration is increasingly globalized and flows in both directions.
So which countries are favored by applicants from the UK and the US? Needless to say, one of them is Portugal!
Portuguese Golden Visa data released
May is the month with the highest investment data for the Portuguese Golden Visa in the past three years.
During the period, a total of 180 investors and 208 family members were approved, with a total investment of 83.03 million euros.
Compared with the data in April, the Portuguese Golden Visa Program has made new breakthroughs in many aspects in May.
U.S. investors continue to lead
Similar to the first four months of the year, US investors remained the largest group of investors in May with 31 investors approved.
At the same time, Chinese investors are not to be outdone, with the number reaching 30.
According to the current investment trend, among the batches approved in 2023, American investors are expected to become the largest group of investors this year.
British investors increased by 5 times
Since last year, the interest of British investors in Portugal's golden visa program has been increasing.
According to statistics, until September 2022, UK investors will only receive about 4 approvals per month. But with the passage of time, the number of British investors has gradually increased, and in some months it has even increased by more than 5 times, becoming a frequent visitor to the top five approved investors.
In May this year, the number of approvals for British investors hit a record high, reaching 26 cases. Even so, according to observations of the speed of Portuguese golden visa approval, the growth momentum of British investors has not yet peaked.
The total investment exceeded 80 million euros
The data shows that the total investment of Portuguese Golden Visa in May also reached a staggering 83.03 million euros.
Among all the approved clients, 110 clients were obtained through house purchase and migration, with an investment amounting to 56.76 million euros. Among them, about 65% of the funds flowed into the 500,000 Euro house purchase immigration project, and about 35% of the funds flowed into the old house renovation project. Another 70 applicants obtained their status through fund investment and other means.
As of the end of May, the Portuguese Immigration Service has approved 682 applications. If this trend continues until the end of this year, 2023 may be the best year in the history of the program, thus ending its 11-year history perfectly.
It is undeniable that the news that the Portuguese golden visa program will be closed has caused a strong reaction from the market, and has inspired a large number of willing foreign investors to rush to catch the last train of the old policy, invest and strive for identity before the policy is closed.
With its superior geographical location, good social welfare and unique cultural charm, Portugal is regarded by more and more overseas people as an ideal destination for relocation.
Applying for a Portuguese Golden Visa can not only enjoy good living conditions, but also gain more business opportunities and investment income.
If you are also interested and intend to go to Portugal, you may wish to contact us, let us work together to start your Portuguese golden visa journey.
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