Monday, March 21, 2016

Visa Gold. Were 850 and 209? – TSF Online

In early February, the Foreign Minister said that a “task force” had allowed transact more than 850 processes.

the Foreigners and Borders Service announced this afternoon that the number of gold visas awarded in January and February of this year reached 209.

a number that apparently contrary to that at the beginning of the month was left by the Foreign Minister in parliament. At the time, Augusto Santos Silva spoke in 850 resolved processing of cases.

Augusto Santos Silva, in Parliament, to report 850 solved processing processes

the TSF contacted the Foreign Ministry to clarify this discrepancy in numbers, but the office of Silva Santos sent clarifications to the Ministry of Internal Affairs, which It has the authority of the SEF. The office of the minister explains that the 850 proceedings before that speak Augusto Santos Silva referred to all types of residence permit and not only to Authorizations Residences Investment, better known as Visa Gold.

Ministry of Internal Affairs adds that “transact is not the same as authorized”, ie, not all cases filed end up receiving the green light from the SEF.

the number of gold visas delivered in January and February it is revealed along with the investment captured by residence permits for investment. According to the SEF, investment picked up by visa ‘gold’ more than doubled (131%) in February, compared to January, to 89.3 million euros.

Of the investment total raised in golden visas in February (89,301,186.43 euros), 91% of the amount (81,203,431.52 euros) still corresponds to the purchase of real estate, with the transfer of capital totaling 8,097,754.91 euros.

in January, the investment had been captured 38,574,620.34 euros, of which 35.8 million euros resulting from the purchase of land and 2.7 million euros for the transfer of capital.

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