Europe has long been one of the preferred immigration destinations for high-net-worth individuals worldwide. The high investment potential, excellent living environment, and leading education in Europe continue to fuel investor interest. As a member of the European Union, Portugal was one of the first countries to launch a property-based immigration program. Its Golden Residence Program provides investors with a fast track to obtaining EU permanent residency and offers more choices for educational planning. For holders of Portuguese Golden Residence status, if their children choose to return to China for their career, they can participate in the Joint Entrance Exam for Overseas Chinese Students, easily gaining admission to top-tier universities such as 985 and 211 institutions, and enjoy mainland higher education. Because of this, more and more immigrant investors are choosing to move to Portugal for educational considerations.
Portugal's Appeal Surges, Ranking First in the EU for Remittances from Overseas Nationals
According to data from the Banco de Portugal, Portugal is the EU country that receives the most remittances from overseas nationals. In 2020, the total amount of remittances flowing into Portugal reached 3.6 billion euros, ranking first in the EU. The amount of remittances received by Portugal exceeds the amount sent out; foreigners living in Portugal sent 486 million euros abroad last year, and the amount received was 3.1 billion euros more than the amount sent. It is an indisputable fact that Portugal's appeal to overseas nationals has surged.
Portugal's Economic Growth in 2021 Exceeded Expectations, Broad Investment Prospects
As a top performer in Europe's pandemic response, Portugal was favored by the capital market last year. With EU economic aid and the authorities' recovery plan, Portugal's economy is expected to recover quickly and even reach new heights. Recently, according to economic data released by the National Statistics Institute of Portugal, the Portuguese economy achieved double-digit growth from April to June, an increase of 15.5% compared to the same period last year. Compared with the previous quarter, Portugal's GDP grew by 4.9%.
In addition, as the first country to submit an economic recovery plan to the EU to obtain aid funds, Portugal received an initial allocation of 2.2 billion euros from the EU. The European Commission emphasized that this funding would help Portugal quickly launch key investment projects and reform measures in its economic recovery plan. The European Commission stated that they would continue to pay the remaining funds as planned based on the speed of Portugal's economic recovery. It is reported that Portugal has applied for a total of 16.6 billion euros in aid from the EU.
The Portuguese Golden Residence Program, an Excellent Stepping Stone to an EU Passport with Low Thresholds
Since the closure of the Cyprus EU passport program and the significant increase in investment requirements for the Malta passport program, there are few programs left that allow for the rapid acquisition of EU status. The Portuguese Golden Residence Program is an excellent stepping stone to obtaining an EU passport with a low threshold. Currently, through the Portuguese Golden Residence Program, investors can purchase properties that are over 30 years old or located in urban renewal areas and renovate them for a total value exceeding 350,000 euros; or purchase real estate (including land resources, residential properties, commercial properties, etc.) with a value of no less than 500,000 euros. This allows the whole family of three generations to apply for Portuguese Golden Residence status, enjoy Portugal's generous social welfare and high-quality educational resources, travel freely within the 26 Schengen countries, and benefit from a simple naturalization process. After meeting the conditions, they can apply for Portuguese citizenship, i.e., naturalize in Portugal, obtain a Portuguese EU passport, and simultaneously acquire property with permanent ownership rights. It can be described as killing many birds with one stone!
Important Reminder!
New Policy for Portuguese Golden Residence Visa
Effective from January 1, 2022
Less than 3 months left for property investment immigration in Lisbon and Porto
Invest Early
Immigration should be done sooner rather than later! According to Article 14 of the 2021 law promulgated by the Portuguese government, starting from January 1, 2022, immigration to Portugal through the purchase of residential real estate will be limited to inland areas, the Madeira Islands, and the Azores. For the two popular investment cities favored by Chinese investors, Lisbon and Porto, according to the new policy, they will no longer qualify under the Portuguese Golden Residence Act. Investors who intend to invest in property in Lisbon and Porto to obtain status and apply for an EU passport must seize the final few months of the "window period," enter the market quickly, and catch the "last train" for property investment immigration in Lisbon and Porto. Apply early and benefit early!
As one of the Top 500 Asian Brands, WorldWay Group, as one of the earlier immigration agencies to promote the Portuguese Golden Residence Program in China, has joined hands with powerful Portuguese developers to grandly introduce another high-quality Portuguese immigration project to investors—the brand-new, fully furnished garden apartment in the center of Lisbon, "Earl's Garden," helping investors catch the last train for property investment immigration in Lisbon and Porto!
High-Quality Property Recommendation: Brand-new, Fully Furnished Garden Apartment in the Center of Lisbon
"Earl's Garden"
◆ A rare project that meets the 350,000 euro immigration policy, with high cost-effectiveness
◆ Located in the core area of Lisbon city center, with broad prospects and a beautiful surrounding environment
◆ Convenient transportation, about a 10-minute walk to the subway station
◆ A rare green, warm, and eco-friendly community with complete living facilities
◆ A variety of unit types available, suitable for both renting and self-occupation
The project is located in the center of Lisbon and has 20 brand-new, fully furnished apartments after renovation. The project boasts breathtaking views of Lisbon. The project adopted the Earth's environmental protection concept during development. Recyclable and eco-friendly building materials will be used for this project. Many orange and lemon trees will also be planted here for landscaping, providing owners living here with self-service green planting areas, as well as electric bicycle sharing equipment. This will become one of the greenest and most eco-friendly projects in Lisbon.
Project Renderings
(The following pictures are for reference only, subject to actual delivery)
As one of the Top 500 Asian Brands and a WorldWay Group that has focused on investment immigration for over 20 years, we were one of the earlier immigration agencies to promote the Portuguese Golden Residence Visa project in China in October 2012. In April 2013, we joined hands with the Portuguese Embassy in China to hold the "Portuguese Golden Residence Program Launch Ceremony," introducing the Portuguese Golden Residence Program to China and helping many investors realize their dreams of moving to Portugal.
For more details on Portuguese property investment immigration, please call the WorldWay service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798, or follow this official account and leave a message at the end of the article. Senior immigration consultants will provide you with professional answers.
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* Investment involves risks, the above information is for reference only. Property pictures are for reference only, subject to actual delivery. *