Worldway Group Comprehensive Report: According to the latest news from the official website of the Portuguese Immigration and Borders Service (SEF), the latest data on the Portugal Golden Residence Permit has been released. In February 2015, the SEF issued a total of 103 Golden Residence permits, with an investment volume of 62 million euros, 95% of which was generated through real estate purchases. The data shows a significant increase compared to previous months, demonstrating that the Portugal Golden Residence policy remains a highly attractive real estate immigration program for Chinese investors.
[Portuguese Immigration and Borders Service Releases Latest Golden Residence Data]
As of the end of February this year, the immigration authorities had issued a total of 2,203 Golden Residence permits, 2,088 of which were obtained through real estate investment. Chinese investors remain the largest investment group for the Portugal Golden Residence program, with 1,777 permits issued to Chinese nationals, accounting for 80% of the total approvals. They are followed by Brazilian investors, who have been granted 74 residence permits.
Worldway Group immigration experts state that Portugal launched the Golden Residence program at the end of 2012, allowing families to immigrate by investing 500,000 euros in Portuguese real estate, granting them access to benefits such as free public compulsory education and medical insurance. Worldway Group was the first immigration agency in China to introduce the Golden Residence policy to the domestic market. In less than three years, the Golden Residence program has contributed to over 36% of the total Chinese investment in Portugal.
Currently, the Golden Residence policy has attracted 1.3 billion euros in capital to Portugal. Following the corruption scandal involving the immigration authorities last year, relevant departments were subjected to investigation and supervision, which led to a temporary slowdown in the issuance speed and an adjustment in the number of permits issued in January. Based on the latest data, the number of permits issued in February shows a restorative growth.
[Portugal Real Estate Immigration]
It is easy to conclude from the data that Chinese investors are the absolute primary force behind applications for Portugal's “Golden Residence Program.” Their enthusiasm for the real estate immigration category (investing no less than 500,000 euros in property) under the “Golden Residence Program” remains high and continues to be highly favored.