Worldway reports: Recently, according to media sources, the international credit rating agency Standard and Poor’s has upgraded Portugal’s sovereign credit rating by one notch, from “BB” to “BB+”, with a stable outlook. Portuguese Prime Minister Passos Coelho expressed satisfaction with this result, indicating that Portugal's economic recovery and fiscal adjustments are proceeding as anticipated by the current government. This presents an opportune moment for applicants interested in immigrating and investing in Portugal.
The Prime Minister of Portugal stated that if the coalition parties can be re-elected in the upcoming elections, the Portuguese economy will continue to develop favorably and will ultimately emerge from junk status. Standard and Poor's predicts that Portugal's debt-to-GDP ratio will stand at 124% in 2015, decreasing to 114% by 2018. The agency also estimates that Portugal's deficit will approximate 3% of GDP in 2015.
【Portugal Real Estate Immigration】
To attract international capital investment in Portugal and promote economic recovery, the Portuguese government implemented the “Golden Residence Permit Program” in September 2012. By investing €500,000 in real estate, one can apply for Portuguese golden residence status. The Golden Residence Permit Program has successfully brought a total of €1.33 billion in funding to the Portuguese real estate market. Of the 2,203 approved investors, 1,777 are Chinese investors, accounting for 80.6%. It is anticipated that in 2015, Portuguese real estate immigration will continue to be favored by Chinese investors, and the recent decline of the euro exchange rate presents a rare investment opportunity for investors. For immigration consultation regarding Portugal: 400-138-2929