According to multiple Portuguese media reports, the Portuguese Council of Ministers has approved the amendments to the Golden Residence Permit Act, confirming that the new policy will take effect on July 1, 2021 (originally scheduled for January). This means the issuance of "Golden Visas" will cease in "coastal areas and metropolitan regions such as Lisbon, Porto, and the Algarve." However, "Golden Visas" already approved in these regions may continue to be renewed. This is intended to channel investment into the development of inland regions, the Madeira Islands, the Azores, and low-population-density areas.
The new policy will include a transition period during 2021-2022 to adapt to the economic impact of reduced investment during this time, while ensuring that other regions can attract more overseas investment. Government departments are still discussing the details of the new policy and the transition period; Worldway Group will continue to monitor the situation and provide updates as soon as possible.
In short, investors still have a limited amount of precious time to continue obtaining Portuguese Golden Residence status by purchasing properties in Lisbon or Porto. Investors interested in investment immigration to Portugal and applying for an EU passport should cherish this valuable time, act early, and secure their status as soon as possible.
Currently, through the Portuguese Golden Residence Program, investors can purchase properties starting from 350,000 Euros to apply for Portuguese Golden Residence status for three generations of their family. This allows them to enjoy Portugal's generous social welfare and high-quality educational resources, travel freely within the 26 Schengen countries, and apply for Portuguese citizenship—thereby obtaining an EU passport—once conditions are met. At the same time, they also acquire a property with permanent ownership, which is a multi-benefit investment.
As one of the top 500 Asian brands, Worldway Group, as an immigration agency that promoted the Portuguese Golden Residence Program in China at an early stage, has partnered with a powerful Portuguese developer to introduce another major property project to investors—the Lisbon CBD Center, which is now making a stunning debut. Purchase a property to enjoy significant discounts; units are limited, so act fast!
Overview of the Lisbon CBD Center Project
Project Type: Apartment
Unit Types: Studio / 2-Bedroom Apartment / 1-Bedroom Duplex
Price: Starting from 350,000 Euros
The project is located in a trendy area of downtown Lisbon, known for its fashion and avant-garde art, with surrounding architecture featuring distinct artistic characteristics. The project is situated between two highly influential CBDs, boasting a prime geographical location. Quiet churches, garden squares, trendy bars, high-end restaurants, boutiques, and a wide array of shopping centers are all gathered here, making life here relaxed and enjoyable! The project features modern and cozy interior design, with complete supporting facilities such as a gym and business center, making it suitable for both renting and self-occupation.
Surrounded by famous attractions and numerous Fortune 500 companies
The project is close to the famous Marquis of Pombal Square, Lisbon's "Champs-Élysées" (Avenida da Liberdade), Eduardo VII Park, and the Amoreiras Shopping Center, a highly iconic commercial building in Lisbon. At the same time, numerous Fortune 500 companies are located in the vicinity, such as Volkswagen, Accenture, Euro Bank, CBRE, and McKinsey International INC.
Embassies from various countries gather here, with a safe environment
Embassies from various countries are gathered here, and it is very close to the British Embassy. The area is economically prosperous, with high-quality neighbors, mostly consisting of local wealthy individuals and immigrant groups from EU countries, ensuring a safe and secure environment.
Project Renderings (The following images are for reference only; actual delivery shall prevail)
Currently, you can enjoy significant discounts on property investment immigration to Portugal. Units are limited, so act early to secure a great property! For details, please consult the Worldway service hotline: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
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