Worldway Comprehensive Report: China Three Gorges Corporation (CTG) will increase its investment in the renewable energy development projects of EDP in Portugal and Brazil by over 500 million euros. To date, CTG's total investment has exceeded 2 billion euros. Major Chinese enterprises are seizing investment opportunities in Portugal, with Chinese investments in Portugal reaching 5.38 billion euros by the end of last year. Against the backdrop of significant Chinese investments in Portugal, an increasing number of Chinese citizens are heading to Portugal for property investment and immigration.
【Portuguese Architecture】
In the privatization project of EDP at the end of 2011, China Three Gorges Corporation acquired a 21.35% stake for 2.069 billion euros and committed to invest 2 billion euros in EDP's renewable energy projects in 2015.
EDP's renewable energy company currently operates in 11 countries and is the third largest renewable energy company in the world. This month, EDP Group announced its financial status, reporting a profit of 1.004 billion euros. This marks the seventh consecutive year that the group has achieved profits exceeding 1 billion euros.
【Latest Golden Residence Permit Data Released by the Portuguese Immigration Office】
As of the end of February 2015, the immigration office had issued a total of 2,203 golden residence permits, of which 2,088 were obtained through real estate purchases. Chinese investors remain the largest group of investors in Portugal's golden residence program, with 1,777 golden residence permits issued to Chinese citizens, accounting for 80% of the total approved number.
【Property Investment Immigration in Portugal】
In the context of the euro's historical low and declining exchange rates, 2015 is set to be a year of overseas investment immigration for high-net-worth individuals. European property investment immigration has eliminated residency barriers and provided a good platform for personal overseas investment immigration. Worldway immigration experts state that at the end of 2012, Portugal launched the golden residence program, which allows for family immigration through an investment of 500,000 euros in Portuguese real estate, enjoying benefits such as free public education and healthcare.
