Worldway reports: Recently, according to media reports, 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 consolidation are proceeding as expected by the current government. This presents a timely opportunity for applicants interested in immigrating and investing in Portugal.
【S&P Rating】
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 positively and will eventually emerge from junk status. Standard and Poor's expects that in 2015, Portugal's debt-to-GDP ratio will be 124%, decreasing to 114% by 2018. The agency also anticipates that Portugal's deficit will account for approximately 3% of GDP in 2015.
To attract international capital to invest in Portugal and promote economic recovery, the Portuguese government implemented the "Golden Residence Permit Program" in September 2012. An investment of €500,000 in real estate qualifies for a Portuguese golden residence permit. According to the latest approval data for golden residence permits released by the Portuguese Immigration and Borders Service, a total of 2,502 investors have been approved, with a total investment amount of €1.517 billion, of which €1.37 billion is in real estate projects. This data indicates that over 95% of investors are applying for the golden residence permit through real estate investment. It is expected that in 2015, property investment immigration to Portugal will continue to be favored by Chinese investors, and the recent decline in the euro exchange rate provides investors with a rare investment opportunity.
【Dr. Xing, President of Worldway, with Mr. Cavaco Silva, President of Portugal】
As the first immigration agency in China to introduce the "Portugal Golden Residence" property investment immigration program, Worldway is the only Chinese immigration agency with an independent branch in Portugal. It has successfully assisted hundreds of Chinese investors in completing their investments and obtaining golden residence cards. Its branch in Portugal is located on the bustling Avenida da Liberdade in Lisbon, making it the preferred legal immigration agency for investment immigrants. With the strong rise in Portuguese property prices, those needing to invest for immigration should act quickly. For more details, please consult 400-138-2929.