Chinese with golden visas invest €2.06 bln in Portugal in 5 years

The 3,588 Chinese permitted to live in Portugal if they invest there – holders of what are called golden visas – invested €2.06 billion euros (US$2.56 billion) in the country between 2013 and 2017, Lusa reports.

The Portuguese news agency, citing the Portuguese Immigration and Borders Service, says Chinese accounted for about 60 percent of the money invested by all holders of golden visas.

The report says Chinese holders of golden visas invested €306.4 million in Portugal last year, having invested €487.5 million in 2016.

A golden visa allows a citizen of a country outside the European Union to reside in Portugal if he or she buys real estate there worth at least €500,000, brings in at least €1 million in capital or creates at least 10 jobs in the country.