Lisbon, November 25 - The Portuguese Parliament has passed the 2015 budget draft after multiple reviews and votes. According to the budget draft, the Portuguese government expects the economy to grow by 1.5% in 2015, with a fiscal deficit of 2.7% of Gross Domestic Product (GDP), an unemployment rate reduced to 13.4%, and public debt levels decreased to 123.7%.
To achieve this goal, the government will continue to levy temporary special taxes such as energy taxes, adjust funding expenditures in areas such as social subsidies and basic education, continue to freeze the salaries and promotions of public servants, and reduce corporate income tax from 23% to 21% to stimulate economic growth.
Portuguese Finance Minister Albuquerqued stated in Parliament that the Portuguese economy is on the path to recovery, but more efforts are needed to achieve growth. Despite risks and costs, Portugal will continue its economic adjustments. Since the second quarter of last year, the Portuguese economy has begun to recover, and the fiscal situation has gradually improved.
【Vote Passed for Portugal's 2015 Budget Draft】
This is a significant advantage for investors who have already invested in immigration to Portugal, and it is a once-in-a-lifetime opportunity for those interested in investing. As is well known, Portugal is located in a naturally excellent harbor with a warm and comfortable climate. At the same time, as a member of the European Union and the Schengen Area, possessing a Portuguese Golden Residence Permit is equivalent to having a "European Passport." Not only can one cross European borders freely, but with a Portuguese passport, one can also enjoy visa-free or visa-on-arrival access to 172 countries worldwide, becoming a "world citizen" who can travel at will.
To boost the economy, the Portuguese government opened its investment immigration policy in October 2012, launching the Golden Residence Permit program. As of October 2014, 1,775 foreign families have successfully obtained Golden Residence status, with a total investment amount of 1.076 billion euros. Among these more than 1,700 investment families, 1,429 are from China.
As the first immigration company in the country to launch the Portuguese Golden Residence project, Worldway Immigration experts advise that as the Portuguese economy gradually recovers, the investment immigration market will continue to thrive. High-quality real estate investment projects will become highly sought after. Therefore, it is recommended that interested investors seize the golden opportunity period of Portugal's economic recovery. Choose a reputable immigration agency and invest in high-quality real estate immigration projects.
For more information on immigration to Portugal, please inquire at: 400-138-2929
