Worldway Group comprehensive report: Adolfo Mesquita Nunes, Portugal's Secretary of State for Tourism, stated to the Lusa news agency that several indicators for Portugal's tourism industry in 2014 increased by 10% compared to the same period in 2013. With rising tourism revenues and all data breaking historical records, Portugal is becoming a preferred destination for vacationing and immigration.
The latest data from the Bank of Portugal indicates that as of September this year, Portugal's tourism revenue reached 5.5 billion euros, an increase of 15% over the same period last year. Among this, tourism income was 8 billion euros, a growth of 12%, while expenditures increased by 5.9% to 2.5 billion euros. In September alone, Portugal's tourism revenue grew by 23.7% compared to the same period in 2013, reaching over 875 million euros.
João Figueiredo, President of Turismo de Portugal, stated in October that 2014 would be a "record-breaking year" for Portugal's tourism industry, with tourism revenue expected to reach 7 billion euros by the end of the year, accounting for 4% of Portugal's GDP. According to data from Statistics Portugal, the number of overnight stays by foreign and domestic tourists in Portugal in September this year increased by 10.6% compared to the same period last year. Furthermore, after a long period of decline, the number of overnight stays by domestic tourists also achieved a growth rate of 13.3% this year.
As more people choose to vacation and immigrate to Portugal, the rental yield on Portuguese properties has become very attractive, which is a significant benefit for clients interested in investment immigration to Portugal. Currently, one can immigrate to Portugal through the Golden Residence Permit program by investing 500,000 euros in Portuguese real estate, allowing the entire family to immigrate. Coupled with the weakening euro exchange rate, Portuguese real estate is steadily recovering from historical lows, making the Golden Residence Permit program a rare and excellent opportunity for immigration.
Since Portugal launched the Golden Residence Permit program in 2012, buying a property allows the whole family to immigrate and enjoy benefits such as free public education and medical coverage. These advantages have attracted numerous domestic investors. As the first immigration agency to introduce the Portuguese Golden Residence program to China, Worldway Group has established an independent branch and a European immigration customer service center in Portugal. It has successfully assisted hundreds of Chinese investors in completing their investments and obtaining Golden Residence cards. Its Portuguese branch is located on the prestigious Avenida da Liberdade in the heart of Lisbon, making it the preferred legitimate immigration agency for investment immigrants.
For more details on Portuguese immigration, please inquire at: 400-138-2929
