Official figures from Portugal’s Immigration and Borders Service show that while the country’s Golden Visa program raised €103M in April, interest in the program is falling rapidly, particularly among the Chinese.
Highlights from this month’s Portugal Golden Visa statistical release:
– China remains the top source country for applications, with 34 main applicants obtaining their golden visa in April. Since the start of the program, 3,805 Chinese main applicants have received approvals.
– The other top 5 countries are Brazil, Russia, South Africa, and Turkey.
– Total application volume keeps falling. April 2018 was the lowest-grossing April in three years. For China, the trend is particularly pronounced, with April 2018 posting the lowest application figures on record.
– In total, Portugal’s Golden Visa has raised €3.8 billion since November 2012.
Why is Chinese interest falling so precipitously?