Worldway Immigration comprehensive report: According to the latest data released by Eurostat, in the fourth quarter of 2014, housing prices in the Eurozone and the EU increased by 1.1% and 2.6% respectively compared to the same quarter in 2013. Meanwhile, data shows that Portugal's housing price growth rate was 2.2%, twice the average growth rate of the Eurozone, which is eye-catching. Many astute Chinese entrepreneurs have long discovered business opportunities and have begun to invest and set up operations in Portugal. Asia's richest man, Wang Jianlin, has already invested 1 billion euros.
Wanda invests 1 billion euros in the Portuguese real estate industry
As a leading enterprise in China's real estate industry, Wanda Group's pace of overseas investment has not stalled since Wang Jianlin spent 265 million euros to purchase a Spanish real estate project in June 2014. According to the Portuguese newspaper Correio da Manhã, Wanda Group plans to make a major entry into Portugal with an investment of up to 1 billion euros.
China's Anbang Insurance is in talks regarding a Portuguese bank
Reuters reported that sources say the Central Bank of Portugal is in exclusive negotiations with China's Anbang Insurance Group to sell Novo Banco, a bank that had previously received government aid, leaving two other bidders on the sidelines. Two people familiar with the matter said that China's Fosun International and the U.S. fund Apollo Global Management had also participated in the bidding.
Fosun acquires Portuguese insurance company for 1 billion euros
At the same time, Chinese enterprises' investment in Europe also serves as a benchmark. In May 2014, Fosun Group acquired 80% of the equity and voting rights of the Portuguese insurance group Fidelidade, Multicare, and Cares for a total of approximately 1.038 billion euros. Fosun Group stated that the company is committed to becoming an insurance-oriented investment group in the long term and believes that Portugal is an attractive and important market. Fosun is also paying attention to investment opportunities in other sectors in Portugal, including real estate, tourism, and branded products.
[Latest data on Golden Residence as of July 2015]
In addition to corporate investment, individual investment by Chinese citizens in Portugal is also remarkable. Worldway Immigration investment experts point out that the impressive performance of Portugal's real estate industry is inseparable from the promulgation and implementation of the "Golden Residence Permit Program." Since the implementation of this property-based immigration act in October 2012, the Portuguese Golden Residence Program has brought 1.474 billion euros in individual investment to the country. According to the latest Golden Residence Permit approval data as of July 31, 2015, a total of 2,430 investors have been approved, with Chinese investors accounting for 80.53% of all investors. This demonstrates the strong appeal of the "Golden Residence" property-based immigration policy to Chinese investors.
As a high-value project for individual investment immigration, Portuguese property-based immigration is recognized by the industry as a highly cost-effective immigration project due to its investment price advantage, lower application threshold, ease of naturalization, and the ability to work locally while allowing the entire family, including the couple's parents and children, to benefit. Worldway immigration experts state that purchasing a Portuguese property worth 500,000 euros allows for rapid immigration to Portugal, and one can apply for naturalization after holding a valid residence permit for 6 years. One person applies, the whole family immigrates, enjoys EU welfare benefits, travels to 172 countries worldwide, and enters and exits the 26 Schengen countries in Europe freely. Immigration consultation: 400-138-2929