The Number of Immigrants in Portugal May Have Exceeded 1.6 Million
According to a mid-term report released by AIMA, it is predicted that by the end of December 2024, the number of immigrants in Portugal will reach 1.6 million. This is a nearly fourfold increase compared to just 420,000 in 2017. After sorting through the backlog of cases, AIMA stated that the actual immigrant population in Portugal in 2023 is 1,293,463, rather than the 1,044,606 mentioned in the "2023 Immigration and Asylum Report."
Why Has the Number of Immigrants Increased Significantly?
According to AIMA, one of the reasons for the significant increase in the number of immigrants is the surge in applications before the cancellation of the "Letter of Intent" system. This system was terminated on June 3, 2024, and approximately 50,000 people submitted legalization applications before its termination.
The large number of backlogged applications has finally entered the clearance stage. In the second half of 2024, the Portuguese government established a special processing team within AIMA to handle over 440,000 historical applications!
Portugal Continues to Actively Attract Immigrants
According to civil institutions, Portugal "still needs more immigrants." According to data from the Bank of Portugal, in 2014, only 7.9% of companies employed foreign workers, while by 2023, this percentage has risen to 22.2%.
Recent research from the Faculty of Economics of the University of Porto (FEP) also indicates that if Portugal wants to maintain an annual economic growth rate of over 3% and join the ranks of wealthier countries, it needs to attract approximately 138,000 immigrants each year. To achieve this goal, Portugal should simplify administrative processes, reduce bureaucracy, and strengthen social integration support to cope with the growing foreign population.
The openness of Portugal's immigration policy and its strong economic growth have made it a popular choice for global investors. In the current context of tightening European immigration policies, WorldWay reminds investors to take action early, seize opportunities, and leverage policy benefits to realize their European dreams as soon as possible!
As one of the earliest immigration agencies promoting the Portugal Golden Residence Permit program in China, WorldWay has created the first case of a Chinese investor successfully applying for a Portuguese EU passport. (For details, please check: WeChat link) The application conditions for the Portugal Fund Investment Immigration project are simple, with no requirements for language, education, or business background, and investments can be completed without entering the country. One application allows for immigration for three generations, with quick approval. As a member of the European Union, Schengen Area, and NATO, holding a Portuguese residence permit allows for travel across 29 Schengen countries. After obtaining the Portuguese Golden Residence status, one can apply for citizenship after an average of 14 days of residence every two years, and after five years from the date of submitting the immigration application, obtaining an EU passport.
Now is an excellent time to immigrate to Portugal. To give back to our valued customers, WorldWay is launching a limited-time promotion from April 1 to April 30, 2025, for significant discounts on Portugal Fund Immigration! Don’t miss this opportunity!
WorldWay Group, ranked among Asia's top 500 brands, has focused on investment immigration for over 20 years. As an active promoter of European investment immigration projects, it effectively facilitates the development of European investment immigration in a manner beneficial to investors. WorldWay has deepened its involvement in the European investment immigration industry for many years, demonstrating a spirit of innovation and leading the industry with professional, excellent business capabilities and comprehensive services, promoting industry development and establishing a convenient channel for investors to access European countries through good government interaction, helping numerous families realize their European dreams.
* Investment involves risks; the above information is for reference only.*