According to statistics from Portugal, as of early November this year, 248 Chinese individuals have been issued visas under Portugal's "Golden Residence Permit Program" through property investment, accounting for nearly 80% of the total number of visas issued.
In January of this year, the Portuguese Embassy in China held a press conference announcing that Chinese citizens could immigrate to Portugal by investing 500,000 euros in real estate. Since then, a number of Chinese investment immigrants have traveled to Portugal to purchase properties in exchange for long-term residence permits. To date, the "Golden Residence Permit Program" for property investment has been implemented for one year. As the first Schengen country in continental Europe to officially launch a property investment immigration policy, Portugal's property immigration has been continuously favored by domestic investors.
The average property price in Lisbon, the capital of Portugal, is approximately 2,500 to 3,000 euros per square meter. The property tax in Portugal generally ranges from 0.3% to 0.8%, so the cost of holding property is not very high. According to the "Golden Residence Permit Program" in Portugal, investment immigrants only need to stay in Portugal for 7 days each year to meet the residency requirements. Portugal's beautiful environment, fresh air, mild climate, and friendly people are all basic conditions that attract foreigners to invest and immigrate to Portugal. Notably, among the Chinese individuals applying for investment immigration in Portugal, many are considering their children's university education. After obtaining a residence permit in Portugal, their children can attend international schools in Portugal and then go to universities in other European countries, enjoying various benefits. Once they obtain a residence permit in Portugal, they can freely enter and exit 26 Schengen countries.
What are the advantages of Portugal?
Low cost of living:
In Portugal, everything from buying cars, luxury goods, furniture, and appliances to daily necessities like rice, oil, and salt is much cheaper than in China. The only exception is that labor costs can be slightly higher.
Friendly people:
The people of Portugal are simple and warm-hearted. If you ask them for directions, they will help you draw a map; if you ask where the nearest Chinese restaurant is, they will personally take you there...
Reasonable taxes:
The property tax in Portugal is 0.4% to 0.6% per year, with 90% of the property tax allocated to education and 10% to the municipal government. Therefore, areas with higher property taxes indicate better education and schools in that region.
