Recently, many Chinese renowned enterprises have invested in Portugal. Following the acquisition of 80% of the largest insurance group in Portugal, Caixa Seguros, for 1 billion euros at the beginning of the year, the Chinese private enterprise Fosun has recently made another significant purchase of assets from the troubled Espírito Santo family. As early as 2011, China Three Gorges Corporation invested 2.7 billion euros to acquire a 21% stake in Portugal's main electric utility company—EDP. Three months later, State Grid Corporation of China spent 1.4 billion euros to acquire a 25% stake in the operator of the Portuguese national grid, Ren. Chinese telecommunications equipment manufacturer Huawei has been quite active in the Portuguese-speaking world, with operations in Brazil, Mozambique, Angola, and Portugal.
In the past 3 years, Portugal has raised 9.2 billion euros through the sale of state-owned assets, with Chinese investments accounting for 45%. Chinese investors believe that Portugal is not only the gateway to Europe but also a strategic hub for expanding business to Brazil, Angola, Mozambique, and other former Portuguese colonies.
Meanwhile, individual Chinese investors are following renowned enterprises like Fosun to invest in Portugal. Through the Portugal Golden Residence Permit Program, they can obtain immigration status by purchasing properties worth over 500,000 euros, making Portugal the most favored immigration destination for Chinese citizens. Since the Portuguese government launched the policy allowing non-EU residents to obtain residency through investment in 2012, by July of this year, Portugal has successfully attracted 8.17 billion euros (approximately 65 billion yuan) in overseas investments, with Chinese investors accounting for 80%.
As a leading institution in European property investment immigration, WorldWay Immigration has insight into the trends of immigration policies in various countries. We were among the first to learn about the Golden Residence Permit Program for property investment in Portugal and have conducted multiple on-site inspections in Portugal. In Shanghai, we collaborated with the Portuguese Embassy and jointly launched the project for Portuguese property investment immigration in China with the then Portuguese Ambassador, who presented WorldWay Immigration with a symbolic "golden key" to open the door to Europe. Dr. Xing, the president of WorldWay Immigration, led a delegation to Portugal and was received by several dignitaries, including the President of Portugal and the Minister of Foreign Affairs, receiving the highest honors and close attention from the Portuguese media. WorldWay Immigration has successfully opened a convenient pathway for quick immigration to Europe through proactive services.
Recently, WorldWay Immigration's office in Portugal has moved to a nearly 400 square meter office in the central area of Lisbon, making it the only immigration agency in Portugal with an independent customer service center. This marks a comprehensive upgrade of WorldWay Immigration's European immigration customer service, extending beyond services such as inspections, property purchases, banking, legal consultations, and immigration procedures to assist clients with comprehensive property management and real estate management. From the perspective of wholeheartedly serving clients, we ensure that European immigration clients no longer worry about trivial matters and can enjoy a carefree life in Europe.
