According to comprehensive news from WorldWay: Since the implementation of the Portugal property investment immigration policy, it has been favored by wealthy Chinese individuals. WorldWay immigration experts analyze the current status of Portugal property investment immigration for you, so that investors do not miss the best timing for immigration.
2012At the end of the year, the Portuguese government introduced the investment immigration law, announcing that any overseas citizen who invests 500,000 euros in purchasing property in Portugal can obtain residency. By staying for an average of 7 days per year, they can apply for a Portuguese green card after 5 years. After obtaining the green card, selling the property does not affect the status, which can be described as achieving both investment and status goals. Since then, Chinese citizens have successively traveled to Portugal to purchase property.
As of 2014 May 5, a total of 894 foreign families have obtained Portuguese residence permits through the above-mentioned Golden Residence Permit, and more than 2000 families have successfully purchased property. Among those who have obtained Portuguese residence permits, a total of 732 Chinese families have received visas, accounting for 80% of the total, far ahead of other countries. Analyzing the data, only 2 families obtained this visa in 2012, a total of 492 families obtained it in 2013, and in just 5 months of 2014, 400 families have already obtained it. WorldWay immigration experts believe that, developing at this momentum, the number of families obtaining the Golden Residence Permit in 2014 may increase several-fold, with wealthy Chinese individuals being the main force.
According to analysis, there are three main reasons why the Portugal property investment immigration policy has been able to quickly replace the Canadian investment immigration program and be favored by wealthy Chinese individuals. First, the Chinese government has frequently issued property control policies, and property prices and volumes in many domestic cities have fallen. Meanwhile, Portuguese property is currently at a historically low price, and the recovery trend is promising. With economic recovery, property demand driven by tourism is strong. After purchasing property, investors can live in it, rent it out, or wait for the price to rise, with expected future appreciation.
Second, the 500,000 euro property is not limited to residential or commercial properties, and multiple properties can be purchased as long as the total price reaches 500,000 euros. The property has permanent ownership, can be passed down through generations, and can be sold or transferred after 5 years.
Third, by investing in immigration to Portugal, one can obtain EU green cards for three generations of the whole family, as well as work, education, and social welfare. It has considerable advantages over the domestic environment in terms of living environment and humanistic space.
It should be noted that although the threshold for the current Portugal property investment immigration project is relatively low, it does not mean that this advantage will last for a long time. In other words, once the number of applicants surges and the absorption of overseas funds reaches the ideal level, Portugal will inevitably make adjustments to the investment immigration policy, or even shut it down. After all, Portugal has a small land area and high population density, and its own conditions determine that it cannot, like many large countries, use immigration policy as a basic national policy. Therefore, it is recommended that investors who are interested in immigrating to Portugal should act as early as possible.
Editor: WorldWay
