Recently, the Portuguese Immigration and Borders Service (SEF) released the Golden Visa data for July 2023. In July 2023, a total of 101 main applicants and 169 dependent applicants were approved for the Portuguese Golden Visa, with a total investment of 57.22 million euros. Among them, 16 main applicants were from the United States, ranking first, followed by the Philippines (13), the United Kingdom (10), Brazil (9), and South Africa (9).
It is worth noting that since the beginning of 2023, the share of investors from the United States in this program has been growing steadily. In contrast, the share of Chinese investors in this program has declined significantly compared to the early stages. However, cumulatively, Chinese nationals remain the primary applicant group, accounting for 43% of the total.
In terms of investment methods, among all those approved in July 2023, 61 applicants chose the real estate investment project, meaning they obtained the Golden Visa through property purchase, with an investment amount of 41.04 million euros. Of this, 33.193 million euros flowed into the 500,000-euro property purchase immigration project, and 7.851 million euros flowed into the 350,000-euro old property renovation project.
In addition, the Portuguese Immigration and Borders Service has also updated the overall data since the implementation of the Golden Residence policy in October 2012. The data shows that as of the end of July this year, 12,497 main applicants have been approved for the Portuguese Golden Visa, along with 20,169 dependent applicants. Among them, the number of approved Chinese families remains firmly in first place, reaching 5,374, accounting for 43%, which reflects the favor and recognition Chinese investors have for the Portuguese immigration program. Furthermore, through the Golden Residence Program, Portugal has attracted a total of 7.215 billion euros in investment, of which 6.379 billion euros was directly invested in the real estate market, showing that real estate investment remains the primary investment method.
As a livable and tourist-friendly European country, Portugal's relaxed immigration policy is favored by countless applicants who aspire to obtain an EU passport. Whether it is for daily life, tourism, or investment, Portugal can meet the needs of many, and more and more people are choosing to go to Portugal for various reasons such as tourism, immigration, investment, and study abroad.
On August 21, 2023, local time, the President of Portugal vetoed the draft regarding the "adjustment of the Golden Residence Act." This means that the real estate investment method under the Portuguese Golden Visa policy remains valid. It is reported that the Portuguese Parliament will redraft the proposal and resubmit it for the President's approval & signature. It is expected that the changes to the Portuguese property purchase immigration policy will be postponed until early October. Investors should not miss this simple, fast, and cost-effective shortcut to obtaining an EU passport.
For those interested in immigrating to Portugal, they should seize the current final opportunity to obtain an EU passport through property purchase, grasp the policy window, and race against time to complete their submission before the new act is introduced.
Currently, through the Portuguese Golden Residence Program, investors can purchase property starting from 280,000 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 across 27 Schengen countries, and, upon meeting the corresponding conditions, children can participate in the Joint Entrance Exam for Overseas Chinese Students to easily enter prestigious universities like 985 and 211 institutions with lower scores, enjoying mainland higher education—truly a multi-benefit move! More importantly, after holding a Portuguese 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, receive a Portuguese EU passport, and enjoy the generous benefits of EU citizenship.
As a Top 500 Asian Brand and a group specializing in investment immigration for over 20 years, WorldWay Group was one of the early immigration agencies to promote the Portuguese Golden Residence Visa program in China in October 2012. In April 2013, it partnered with the Embassy of Portugal in China to hold the "Portuguese Golden Residence Program Launch Ceremony," introducing the program to China and helping numerous investors realize their dreams of Portugal. WorldWay Group is your trusted choice for handling Portuguese immigration.
For more details on Portuguese property purchase immigration, 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.
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