On February 16, local time, following the conclusion of the Council of Ministers meeting, the Prime Minister of Portugal announced the termination of the Golden Residence Permit policy. The meeting clarified that existing Golden Residence Permit holders will be evaluated upon renewal; if the property is used for personal residence or rental, the permit may be maintained. Furthermore, it was stated that all implementation details will be discussed over the next month, with formal approval expected at the Council of Ministers meeting on March 16, 2023.
Portugal's decision to terminate the Golden Residence Permit program follows the closure of the Ireland Immigrant Investor Programme (IIP), marking another significant development. In fact, as early as last November, the Portuguese Prime Minister stated in an interview: "The Golden Residence policy has fulfilled its purpose and is now under discussion for termination." Specific details will be released in a month. Worldway Group will continue to monitor the situation closely and share any new information with you as soon as it becomes available.
Recently, news of changes to immigration policies across European countries has been frequent. For investors, the saying "immigrate early" is not just a cliché. Currently, there are few programs left in the immigration market that allow for rapid acquisition of EU status, and the Portugal Golden Residence program is an excellent springboard for obtaining an EU passport with a low threshold. Now that the Portugal Golden Residence program is about to exit the historical stage, time is running out for investors! We advise interested investors to plan early, seize the opportunity, and submit applications as soon as possible. There may not be much time left under the current policy, so immediate action is the best strategy for those in need!
Currently, through the Portugal Golden Residence program, investors can purchase property starting from 280,000 Euros to apply for 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 27 Schengen countries, and, upon meeting the relevant conditions, enable their children to participate in the Joint Entrance Exam for Overseas Chinese Students. This provides an easy path to admission into prestigious 985 and 211 universities with lower scores, allowing them to enjoy mainland higher education—truly a multi-benefit solution! At the same time, after holding a Portugal Golden Residence permit for 5 years and meeting the low residency requirement of 7 days per year, one is eligible to apply for Portuguese citizenship, obtain a Portuguese EU passport, and enjoy the generous benefits of EU citizenship.
As one of the Top 500 Asian Brands, Worldway Group, as one of the earliest immigration agencies to promote the Portugal Golden Residence Program in China, is partnering with reputable Portuguese developers to proudly introduce another high-quality Portugal immigration project—the Portugal duplex apartment, helping investors seize the opportunity for property-based immigration to Portugal!
The project is located in the popular tourist destination of Alentejo, Portugal, with a convenient location very close to the beautiful Melides and Comporta beaches. The project is a gated residential community combining modern minimalist style with natural pastoral aesthetics. Residents can enjoy independent private garden areas with excellent privacy. The project features comprehensive amenities, including a public swimming pool and a public dining area. The project covers an area of approximately 1,600 square meters, and each duplex unit consists of two floors. The interior uses raw wood as the primary material and features wood-tone decorations, eco-friendly concept furniture, and floor-to-ceiling windows for ample natural light, making it comfortable and livable. The project complies with the Portuguese Golden Residence Act, with an investment starting from only 280,000 Euros, allowing the whole family to apply for Portuguese Golden Residence status.
As a Top 500 Asian Brand and an agency dedicated to investment immigration for over 20 years, Worldway Group was one of the earliest immigration agencies in China to promote the Portugal Golden Residence Visa program in October 2012. In April 2013, we partnered with the Embassy of Portugal in China to hold the "Portugal Golden Residence Program Launch Ceremony," introducing the program to China and helping numerous investors realize their dreams of living in Portugal. Worldway Group is your trusted choice for Portugal immigration.
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
Some materials in this article are sourced from the internet, and the copyright belongs to the original author. If there are any copyright issues, please contact the original author and us for removal.
Note: 1. Within the scope permitted by law, the final interpretation of this promotional activity belongs to Worldway Group. 2. Investment involves risks; please choose carefully.
