The Golden Residence Permit is one of the measures taken by Portugal to attract significant foreign capital and alleviate domestic economic strain. The policy states that foreign investors can obtain temporary residency in Portugal by purchasing property within the country valued at over 500,000 Euros and maintaining ownership. After meeting certain residency requirements, immigrants can apply for permanent residency in the fifth year, and may choose to sell or transfer the property after holding it for more than 5 years. Upon passing a basic Portuguese language test, they may apply for Portuguese citizenship in the sixth year.
This policy has another point that is very attractive to investors: one person buys a property, and the whole family immigrates. Relevant policies indicate that immigrants who purchase property in Portugal can bring other immediate family members to apply for immigration.
This also directly provides benefits for Chinese immigrants regarding their children's education.
As Portugal is a member of the European Union and the Schengen Area, immigrants who obtain temporary or permanent residency can enjoy 12 years of free compulsory education in Portugal, and apply to universities in Portugal as well as other 27 Schengen countries with their EU residence status.
