Portugal has implemented the "Golden Residence Permit Program" to stimulate economic recovery, yielding significant results. At the same time, the real estate immigration policy is highly favored by the public. So far, Portugal has attracted £300 million (approximately 3.07 billion RMB) in foreign investment, with nearly 500 Chinese investors obtaining Golden Residence Permits.
In October 2012, Portugal began to implement a new immigration policy granting residence rights to non-EU citizens who purchase real estate, also known as the "Golden Immigration Program." This program stipulates that investors can apply for a residence visa by purchasing real estate in Portugal with a total price of no less than €500,000. In the first year, they must reside for at least 7 days, and thereafter, they must reside for 14 days every two years. After the fifth year, they can apply for permanent residency, and in the sixth year, they can apply for citizenship. The property can be sold after 5 years without affecting their status.
Some investors have stated: "By purchasing a property in Portugal for €500,000, one can enjoy permanent ownership. It is comfortable for personal use, provides good rental income, and selling does not affect permanent residency status. Portugal is a member of the European Union and Schengen Area, allowing free entry to 26 Schengen countries without a visa, making it convenient for handling business abroad. This investment method is simple and highly valuable." Portugal is one of the earlier European countries to implement a real estate immigration policy, with low application thresholds, short approval periods, and favorable policies, making it highly sought after by investors.
At the end of February this year, the Portuguese government repeatedly stated that it would be able to exit international assistance as scheduled this year and predicted that the domestic economy would grow by 1.2% this year. The improvement in the economy is closely related to the implementation of the residence permit policy through real estate purchases and the substantial influx of funds from investment immigration.
In recent years, many European countries have introduced similar real estate immigration policies, with a very user-friendly process from application submission to obtaining residence visas. More importantly, the purpose of real estate immigration aligns closely with the Chinese mentality of property appreciation and value preservation, making it highly popular. Meanwhile, WorldWay experts advise that when purchasing European real estate, it is best to choose existing properties, as under-construction properties may pose many safety risks. WorldWay has established strategic partnerships with top developers in European immigration countries, possessing a unique advantage of a large number of genuine real estate resources, with all property prices being transparent, aiming to help investors find satisfactory properties.
