Worldway Lisbon News: According to Portugal's Economic Daily on June 8, Portuguese Finance Minister Maria Albuquerque announced last Saturday night that the Portuguese government, unlike Greece, will prepay 2 billion euros in loans to the International Monetary Fund (IMF) this month.
Maria stated, “We will prepay nearly 2 billion euros in loans to the IMF to save on interest. Our ability to prepay is mainly due to our efforts, which have allowed us to secure lower yields in the bond market.”
In March of this year, the Portuguese government had already prepaid 6.6 billion euros and announced that this year’s repayment amount would increase to 10.6 billion euros.
The Portuguese government plans to take advantage of the current favorable situation of low market interest rates to repay 7.8 billion euros and 6.9 billion euros in 2016 and 2017, respectively, with no repayments required from 2018 to 2020, and the remaining loan to be repaid in 2021.
Worldway's European immigration experts point out: The Portuguese government's early repayment of the IMF loan demonstrates the strong momentum of Portugal's economic recovery. This represents a historic opportunity for investment in Portugal for both Chinese companies and individual investors. To date, 1,909 individual investors from China have successfully immigrated to Portugal by purchasing properties worth at least 500,000 euros, accounting for 81% of the total number of investors. Therefore, it is recommended that domestic investors interested in investment immigration to Europe seize the opportunity and make early plans.
As a high-quality project for individual investors, the Portugal real estate investment immigration program is recognized in the industry as a highly cost-effective immigration option due to its advantageous investment price, lower application thresholds, ease of obtaining citizenship, the ability to work locally, and the option to bring both spouses' parents and children to benefit together. Worldway immigration experts state that purchasing a property worth 500,000 euros can lead to fast immigration to Portugal, and after holding a valid residence permit for six years, applicants can acquire citizenship. One application leads to immigration for the whole family, enjoying the benefits of the European Union.
Portugal Immigration Investment Consultation: 400-138-2929
