Worldway Comprehensive Report: According to reports from the Portuguese news outlet "Sapo," a full year has passed since Portuguese President Aníbal Cavaco Silva's visit to China last May. President Aníbal Cavaco Silva paid a state visit to China from May 12 to 18 last year. During his time in China, President Silva held talks with President Xi Jinping and visited the three cities of Beijing, Shanghai, and Macau. The President's visit was of great significance, strengthening bilateral relations in political, economic, and cultural aspects, and laying the foundation for the continuous deepening of cooperation and exchanges between China and Portugal over the past year.
Over the past year, cooperation between China and Portugal in various fields has seen tremendous growth: for example, Portuguese wine exporter Paulo Ramos successfully exported wines from the Douro region to the Chinese market; the renowned Portuguese cork company Amorim saw its exports to China grow by approximately 16% within one year.
At the same time, Chinese enterprises have also made significant inroads into the Portuguese market. For instance, Fosun International acquired 80% of the equity and voting rights of Fidelidade, Multicare, and Cares, all subsidiaries of Portugal's largest insurance group, for a total of approximately 1.038 billion euros last year; Haitong Securities acquired 100% of the equity of Banco Espírito Santo de Investimento, S.A. (referred to as "BESI") held by Novo Banco, S.A. (referred to as "Novo Banco") for a purchase price of 379 million euros.
It is even more worth mentioning that Portugal's property-based immigration policy has brought considerable Chinese investment to the country. Worldway immigration experts state that the highly valuable Portuguese "Golden Residence Permit Program" has been extremely popular among Chinese investors since its implementation in 2012. According to statistics disclosed by the Portuguese Immigration and Borders Service (SEF), as of the end of April 2015, the "Golden Residence Permit Program" had brought a total of 1.44 billion euros in investment to Portugal, with a total of 2,378 investors approved, 1,909 of whom were Chinese investors, accounting for over 80%. Investment from China has greatly boosted Portugal's real estate and downstream industries, contributing significantly to Portugal's economic recovery.
Worldway immigration experts note that as a high-value individual investment immigration project, the Portuguese Golden Residence Permit is recognized by the industry as a highly cost-effective immigration program due to its price advantage, low application threshold, ease of naturalization, and the ability to work locally while allowing the entire family, including spouses, parents, and children, to benefit. Purchasing property worth no less than 500,000 euros allows one to apply for a Portuguese Golden Residence Permit. After holding the residence permit for 5 years, one can apply for permanent residency, and after obtaining permanent residency, the property can be freely sold. After holding the residence permit for 6 years, one can apply for Portuguese citizenship and become an EU citizen.Portugal Immigration Consultation 400-138-2929
