According to comprehensive reports from WorldWay: The Portuguese government issued an official document this month stating that the "Golden Residence Visa" has brought over 1 billion euros in investment to Portugal. The country has reviewed and approved 1649 investment immigration "Golden Residence Visa" applications. The issued golden residence permits involve 45 countries, with China continuing to hold a leading position, accounting for as much as 80% of the share. Real estate investment accounts for the largest portion, totaling 1563 applications, amounting to 906 million euros. WorldWay's Portuguese immigration experts state that European investment immigration, led by Portugal, continues to be highly popular and is sought after by domestic investors.
Given the popularity of the Portuguese real estate investment immigration program, the Portuguese real estate market has been revitalized, with significant growth in economic benefits. In September, the cumulative investment in the Portuguese real estate industry reached 71 million euros, bringing the total foreign investment in the third quarter of this year to 200 million euros. The "Golden Residence Visa" has also contributed significantly to increasing tax revenue and creating job opportunities.
WorldWay's Portuguese immigration experts explain that the Portuguese Golden Residence Program was passed on August 9, 2012, and officially took effect on October 8. On January 30, 2013, the Portuguese government adjusted the program, reducing the "immigration jail" (residency) requirement from 30 days per year to 7 days in the first year, and 14 days for the subsequent two years.
Since the beginning of this year, many countries have raised their investment immigration thresholds. For example, Canada suspended its federal investment immigration program, Hungary's government bond immigration program is set to increase in price, Australia's Significant Investor Visa program has tightened, and the UK announced that as of November 6, the investment immigration threshold will rise to 2 million pounds, with the real estate investment option being cancelled. Against this backdrop, the Prime Minister of Portugal issued a "stability statement" indicating that the Portuguese Golden Residence policy remains unchanged, which has truly brought relief to investors.
As a leading European investment immigration agency, WorldWay was the first to promote the Portuguese Golden Residence Program in China. We launched the Portuguese Golden Residence Program in China with the Portuguese Ambassador to China, were cordially received by the President of Portugal, and have received further support from the Portuguese government. At the same time, we have established strategic partnerships with top local Portuguese developers and possess exclusive, high-quality ready-to-move-in properties to help investors purchase their ideal homes. WorldWay is now launching the "EU Citizenship Month" event. From now until November 17, 2014, the event theme will focus on European immigration programs. For more surprises, please call 400-138-2929.
WorldWay Editor
