The senior vice president credit officer at Moody’s Investors Service, Benjamin Leyre, argued Wednesday that wholesale energy prices will remain lower in Portugal and Spain than in northern Europe.
The investment is just 100 million away from equaling the 2.02 billion invested in the whole year of 2021.
Since January, the Foreigners and Borders Service (SEF) indicates that it has received more than two hundred requests based on this investment alternative.
North American investments more than doubled compared to the €25.1 million (47 gold visas) recorded in the first eight months of 2021. Chinese investment, on the other hand, fell 38% (€106.1 million and 208 ARI).
A study by Warren Buffett’s Berkshire Hathaway HomeServices reveals “a growing interest in investing and living” in Portugal.
There are many indexes to rank countries by different criteria and there’s a ranking for friendliest for ex-pats as well.
Until July, 135 investment temporary residence permits (ARI) had already been granted to US citizens. By the end of 2021, almost seven thousand Americans lived in Portugal. Citizens of US nationality have been leading the attribution of the so-called golden visas since the beginning of 2022: By July alone, 135 investment temporary residence permits had…
According to Lusa and based on SEF data, the investment raised through the golden visas in the first half of 2022 was 316.2 million euros.
In May, 112 “golden” visas were granted, of which 93 were for the acquisition of real estate and 19 were granted through the capital transfer criterion.
After 5 and a half months of inoperability, the portal of the Portuguese Immigration and Border Service (SEF), is accepting applications for the Portuguese Golden Visa program (ARI).
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Pedro Mendes Leal (PML) is a board member of A. Silva & Silva Group since 1991, and major shareholder since 2007 (after his well succeeded MBO). A. Silva & Silva Group was founded in 1943, starting as small timber mill in Seixal and becaming one of the largest construction groups in Portugal. Over the last twenty years, the group has successfully promoted and sold 3.000 housing units, representing more than 400.000 m2. Today, real estate is its core activity and the group holds approximately 90.000m2 in its sales portfolio;
• Founder of Empark in which he was a shareholder and the executive chairman (CEO) between 1992 until 2018. Empark was sold in 2018, at that time the company was one of the largest carpark companies in Europe;
• Founder of Bairro Alto Hotel, a luxury boutique hotel in Lisbon, in which he remained a shareholder and the executive chairman between 2002 and 2009;
• Founder of Hotel Valverde, a luxury boutique hotel in Lisbon; in 2020 it was classified as the best luxury boutique hotel in Europe by the World Travel Awards; he is a shareholder and has been its executive chairman since 2013.
Luiz Godinho Lopes (LGL) is a successful entrepreneur involved, in real estate and construction for more than 30 years;
• Civil Engineer graduated in 1976 at Instituto Superior Técnico and post-graduated in macroeconomics at Católica University, worked as civil engineer at Engil from 1977 to 1983;
• Founded Soconstroi in 1983, the firm became the 4th biggest company in public and civil construction:
• 1989-1993 – Bouygues became a shareholder;
• Successful MBO in 1993;
• 1995 – Fusion with Grupo A Silva & Silva: moment when LGL and PML met;
• 1997 – company was sold to Somague;
• Important construction projects during that period: most of the underground carparks of Lisbon, 3.000 social housing units, Auto Europe factory, Lisbon subway works, the Oriente train station, the Vasco da Gama tower.
• After 1999, together with other partners, LGL developed some of the most iconic luxury hotels and residential projects on the Estoril/Cascais coast, such as the Estoril Sol Residences, Atlântico residences, and the Bay-View Cascais, currently under construction;
• LGL was one of the shareholders of the Hotel Intercontinental Palácio das Cardosas (Oporto) and several Holiday Inn Express.
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