In just three months since the beginning of 2014, Portugal, which promotes the "Golden Residence Permit Program" for property investment immigration, has issued nearly two hundred visas, showing a very rapid growth momentum. Portugal is leveraging its unique advantages as a small European vacation destination to attract investment immigrants from all over the world.
Although Portugal's economy may not be as strong as that of the United States or Canada, it excels as a world-renowned vacation destination. Portugal is blessed with beautiful mountains, clear waters, and picturesque scenery, with ancient castles, palaces, and museums found everywhere. It has over 800 kilometers of coastline along its western and southern borders, featuring many fine sandy beaches. As a European vacation hotspot, Portugal hosts more foreign tourists annually than its total population, with tourism revenue exceeding 6 billion euros. Furthermore, Portugal enjoys a pleasant climate, with sunny and mild weather for most of the year, making it highly suitable for long-term residence.
While Portugal introduced the policy of granting residency in exchange for property investment to attract capital and stimulate its sluggish economy, an EU report indicates that many investors from the UK and France consider Portugal a top choice when looking for overseas property, which has also contributed to the recovery of the Portuguese real estate market.
In addition to the positive signals released by the real estate market, Portugal is a Schengen country. Obtaining a residence visa allows for free residence and living in the 26 Schengen countries, which is highly attractive to investment immigrants. At the same time, investment immigration to Portugal is also a shortcut to pursuing a high-quality life.
