According to the resolution of the Council of Ministers of Portugal, the law Decreto-Lei n.º 119-A/2021, which was published on December 22, 2021, states that residence cards that expired after February 24, 2020, as stipulated in the 2020 Law 10A, will be considered valid until March 31, 2022.
In fact, since the outbreak of the pandemic, the Portuguese government has promptly and decisively implemented a series of effective measures regarding the expiration of residence cards for immigrant investors during the pandemic, showing great humanity by extending the validity multiple times.
As a country in Europe known for its livability and tourism, Portugal can meet diverse needs. It is believed that in the post-pandemic era, under the influence of various friendly policies, the humane Portugal will attract more and more investors' attention. As we know, Portugal is a developed capitalist country, a member of the European Union, a member of the Eurozone, and one of the founding members of NATO, as well as a member of international organizations such as the WorldWay Organization and the United Nations. It boasts a mild climate, a good social security environment, a relatively complete healthcare system, and a low cost of living.
In recent years, Portugal has been favored by investors. According to data released by the Portuguese Immigration and Borders Service (SEF), from the launch of the Golden Residence Permit program on October 8, 2012, until November 30, 2021, the total investment attracted by the Golden Residence Permit program reached 6.06 billion euros. Among them, real estate investment remains a popular choice, with an investment amount of 5.47 billion euros. This shows that overseas investors have a strong interest in the Portuguese real estate market.
As one of the first countries in Europe to offer residence by property purchase, Portugal's Golden Residence Permit program provides investors with a fast track to obtain permanent residency in the EU and offers more options for educational planning. Holders of the Portuguese Golden Residence Permit can have their children participate in the Overseas Chinese Student Examination as overseas Chinese students if they choose to return to their home country for development, making it easier to enroll in top universities such as 985 and 211, thus enjoying education in mainland universities. Consequently, more and more immigrant investors choose to go to Portugal for educational reasons.
New Policy for the Portuguese Golden Residence Visa
Will Take Effect on January 1, 2022
According to the 14th Law issued 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 archipelago, 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 Permit program.
Currently, investors can apply for the Portuguese Golden Residence Permit for their entire family by purchasing properties that are over 30 years old or located in urban rehabilitation areas and renovating them, with a total value exceeding 350,000 euros; or by purchasing real estate (including land resources, ordinary residential properties, commercial real estate, etc.) valued at no less than 500,000 euros. This allows the entire family to enjoy the generous social benefits and quality educational resources of Portugal, as well as free movement across 26 Schengen countries, making it a win-win situation!
As one of the top 500 Asian brands and a company focused on investment immigration for over 20 years, WorldWay Group was one of the first immigration agencies in China to promote the Portuguese Golden Residence Visa program in October 2012. In April 2013, we collaborated with the Portuguese Embassy in China to hold the "Launch Ceremony of the Portuguese Golden Residence Program," introducing the program to China and helping many investors realize their dreams of moving to Portugal. WorldWay Group is your trusted choice for processing Portuguese immigration.
Great news! Great news! To give back to our valued new and old customers, at the end of 2021, WorldWay Group is launching a year-end promotion. The final battle of 2021 features significant discounts across all immigration projects in 20 countries (regions). Sign a contract to enjoy multiple discounts, with explosive year-end offers that cannot be missed. Act quickly! Service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
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