Vice-Prime Minister Paulo Portas confirmed that 772 Investors Visa have been already granted and so far they have only made 11 rejections. This leaves the rejection rate at very low levels such as less than 2%.

From those 11 rejections 7 were dependents which have seen their residence permit not granted by the fact they could not meet the criteria. From the remaining 4 investors which could not see their application approved, most of the issues are related to criminal record or lack of documents to confirm that investment have been performed.

After reviewing this numbers, it is easy to conclude that this Investors Program so far is being a big success and that the quality of applicants is really high. It is clear that this program will stay for longer period since the foreign investment amount that this is bringing to Portugal is substantial.

From all the applicants Chinese are still almost 80% (612) of the applicants for this program. Vice-Prime Minister Paulo Portas is making a big effort to market this program in different countries to diversify the foreign investment for Portugal.

464 million euro have already been invested in Portugal. Most of the applicants choosing the option of Real Estate as their preferred investment option. Only 4 persons have choose the option of creating a company and less than 40 the possibility of depositing 1.000.000 Euro in a Bank account.

Due to high demand of applicants that are willing to start this program, the Immigration Office is already taking a longer time to approve the applications.