On July 26, 2017, the first direct flight route between China and Portugal, 'Beijing-Lisbon,' operated by Beijing Capital Airlines, will launch. The flight will be serviced by an Airbus A330-200 aircraft, operating three times a week, allowing passengers to reach Lisbon in just 13 hours. As the first direct route between the two countries, it will play a significant role in accelerating economic and cultural exchanges between China and Portugal.
The opening of the direct flight between China and Portugal will encourage more Chinese citizens to visit Portugal, learn about this European nation full of history, culture, and civilization, and promote further immigration to the country. In July, fear no heatwave, cast aside all worries, and join us to explore the romantic ancient capital of the Middle Ages and experience the unique, laid-back charm of the Western European continent.
What impact does the opening of the direct flight between China and Portugal have on investors?
I. Direct access to Lisbon: More convenient and faster
Previously, investors traveling to Portugal for site visits were concerned about the complexity and fatigue of connecting flights. However, with the launch of this direct route, investors can now fly from any city in China to Lisbon via Beijing using Beijing Capital Airlines or Hainan Airlines. From Lisbon, they can connect to over a hundred cities including Madrid, Porto, São Paulo, Lyon, Nantes, Toulouse, and Brasília, covering Europe and South America, which significantly saves time and costs for investors.
II. Tourism will become more popular, and Portugal will be more favored by investors
In recent years, thanks to its beautiful natural scenery, safe social environment, and excellent reputation, Portugal—where 'the land ends and the sea begins'—has attracted the attention of travel enthusiasts from all over the world. It has won world-class tourism awards multiple times, and the number of tourists pouring into Portugal has increased year by year. In 2016 alone, 19.1 million tourists visited Portugal, an increase of 9.8%. At the same time, Portugal's annual national tourism revenue reached 12.7 billion euros, the highest record in history, an increase of 1.22 billion euros compared to 2015, with a growth rate of 10.7%. This was also the fastest growth year for Portugal's tourism industry in the last decade.
After the launch of the direct flight, Portugal will be even more popular among Chinese citizens, and more people will choose to visit and invest in Portugal.
III. Portugal's property-based immigration has huge potential and will become a new favorite for investors
The growth of the tourism industry will drive the revival of the real estate market and also boost the development of related industries such as accommodation and catering. Since the recovery of the Portuguese real estate industry began in 2013, the average property prices in many areas, including Lisbon and Porto, have seen significant appreciation, indicating huge investment potential. Especially since the introduction of the Portuguese Golden Residence Permit policy in 2012, more and more investors have immigrated to Portugal by purchasing property, and the number of approvals has shown a year-on-year increasing trend.
The opening of the direct flight between China and Portugal will inevitably increase the number of immigrants to Portugal. Those who are interested in immigrating to Portugal or are still considering it should act decisively, as we believe many people will be submitting applications soon.
The opening of the direct flight between China and Portugal makes it easier for investors to establish a second home in Portugal, shortening the distance between investors and an international lifestyle. Now, investors only need to purchase property or agricultural land in Portugal worth 500,000 euros or more to obtain Golden Residence status for the whole family in one go, enjoying the same welfare benefits as Portuguese citizens in terms of healthcare and education. Their children can also enjoy most-favored-nation treatment within the EU when applying to universities in various EU countries. For more immigration information, please call: 400-138-2929.