demand for Russian has increased since the war — idealista/news
Much has changed in international business since the beginning of Ukraine war, particularly with regard to Russian investment. And in Portugal too. The Government of António Costa, in line with the Europe of the Eurozone, decided that the Foreign Service and borders (SEF) would not go after, more visas seen by Russian citizens than having suspended the approval of candidacies. But that doesn’t stop Russian citizens from continuing to submit applications. gold visas and make investments in Portugal. Industry sources felt, in fact, an increase in demand for residence permits and for more affordable investments in our country. The goal of many Russian families is even to pass live in Portugal.
Even after appreciating gold visas Russian port citizens have been suspended – a measure in line with the Economic and political policies imposed on Russia by the European Union -, the SEF received 10 requests for Residence Permit for Investment (ARI) between May and August.
There is a justification for these numbers: “After the beginning of the war, in fact, there was a drastic increase in demand for the golden visas in Portugal and mainly from the Russian market”, begins by explaining Oleg Railean, CEO and co-founder, Amber Star Imobiliária, highlighting that many investors do it because “it does not reconcile with State policy”. The truth is that investors “want not only to obtain the gold visa As they also want to move to the country and establish their life in Portugal”, highlights Oleg Railean, quoted by RTP.
The program gold visas and Portugal’s political and economic climate are political for those fleeing uncertainty in Russia. But these citizens have been faced with a closed-door country: all requests for gold visas by Russians selected from the beginning of the armed conflict were refused by the SEF. “The Aliens and Borders Service informs that, in line with the recommendations of the European Commissionsince the beginning of the war has not granted any residence permit for investment to Russian citizens”, love the services to the Public In September.
In addition to the SEF blocking the delivery of gold visas to Russians, the banks are also having a strict policy towards these citizens. “We don’t really agree with that, because I don’t think it’s fair to judge citizens by nationality. But unfortunately that is what happens and we are trying to turn the situation around. Because demand is increasing not from week to week, but from day to day”, reinforces the CEO and co-founder of Amber Star Imobiliária, quoted by RTP.
Not least because not all Russian citizens have the capacity to invest in golden visa program, per more affordable investments in Portugal, as is the case with teachers.