According to a report by ECO, the investment from Qatar in obtaining golden visas totalled €2.28 million in almost 10 years of the Residence Authorization for Investment (ARI) program, with five visas being granted.
Qatar will host the 2022 World Cup, which starts in a month, on November 20, and ends on December 18.
Asked by Lusa about the Qatari investment raised by this instrument, which was launched in October 2012, an official source from the Foreigners and Borders Service (SEF) said that “five ARIs were granted”.
Three of the golden visas were granted to citizens of Qatar on the basis of the acquisition of real estate with a value equal to or greater than 500 thousand euros;
Two golden visas were granted for the acquisition of real estate for urban rehabilitation (the construction of which has been completed for at least 30 years or located in an urban rehabilitation area and carrying out rehabilitation works of the acquired real estate, in the total amount equal to or greater than 350 thousand euros).
In 2016, the first golden visa was granted to a citizen of Qatar, for the purchase of real estate, in an investment of 565 thousand euros.
Three years later, in 2019, two ARIs were granted to Qatar within the scope of the criterion for the acquisition of real estate, of which one for urban rehabilitation, for a total of 915 thousand euros.
In 2020, the year of the pandemic, the fourth 'golden' visa was granted, in an investment of 528 thousand euros, and this year the fifth was awarded (280 thousand euros).
Why is this news
By Garrett from USA on 23 Oct 2022, 06:48
I don't understand why Mr. Garret does not accept this news as a news.
By Ariful from Lisbon on 23 Oct 2022, 16:32
Ariful. Where is the news in this? 2.28 million in 10 years. That averages at 228k per year. That occurs on every street in the Algarve.
By Steve. from Algarve on 24 Oct 2022, 10:31