{"id":9496,"date":"2017-08-18T15:29:50","date_gmt":"2017-08-18T15:29:50","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=9496"},"modified":"2019-02-12T14:00:47","modified_gmt":"2019-02-12T19:00:47","slug":"portugal-golden-visa-draws-nearly-e2b-chinese-investment","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/portugal-golden-visa-draws-nearly-e2b-chinese-investment\/","title":{"rendered":"Portugal Golden Visa Draws Nearly \u20ac2b Chinese Investment"},"content":{"rendered":"

The Portugal immigration department has reported a staggering \u20ac1.9 billion investment from Chinese candidates for its Golden Visa scheme.<\/a><\/p>\n

\"PortugalThe European country\u2019s Foreigners and Borders Service has reported the program is dominated by Chinese candidates, accounting for two thirds of the money invested and the overwhelming majority of the visas awarded.<\/p>\n

A total of \u20ac3 billion has been pumped into the Portugal economy since 2012, including \u20ac in real estate and \u20ac305.6 million in capital transfers.<\/p>\n

At the end of April 2017, some 3,376 visas had been awarded to Chinese nationals, following by Brazilians (403), South Africans (180), Russians (173) and Lebanese (99).<\/p>\n

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Read More<\/strong><\/p>\n

Portugal Businesses To Benefit From Golden Visa Investment Plan<\/a>
\nPortugal Golden Visa attracts Investment Worth $3b<\/a><\/p>\n

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The investment thresholds were recently changed under the Portugal Golden Visa program.<\/p>\n

Under the new rules, investment requirements in Portuguese companies will range from \u20ac200,000 to \u20ac350,000, while the threshold for real estate requirement will rise to \u20ac500,000.<\/p>\n

Current rules call for a \u20ac350,000 investment in real estate and \u20ac500,000 in small and mid cap finance.<\/p>\n

The move is an indication the country wants to divert some of its investment income away from real estate and into Portuguese companies.<\/p>\n

The plan has been given the green light by the cabinet, and will now be sent to parliament for formal approval.<\/p>\n

Constan\u00e7a Urbano de Sousa, Portugal\u2019s internal administration minister said that if the threshold remained the same, real estate investment was significantly more attractive. By adjusting the thresholds as indicated, some of the investment euros will be pumped into businesses.<\/p>\n

\u201cThese companies are the drivers of the Portuguese economy,\u201d De Sousa said.<\/p>\n

The program has been lucrative for the Portuguese economy, particularly the real estate market, which has recovered from the dark days of the global financial crisis thanks in part to the investment attracted.<\/p>\n

Investment Requirements: Portugal Golden Residence Investor Program<\/h3>\n

Capital Investment<\/strong>
\nTransfer of capital of minimum value of \u20ac1 million into Portugal including through purchase of shares in companies<\/p>\n

Jobs<\/strong>
\nCreation of at least 10 new positions in Portugal<\/p>\n

Real Estate<\/strong>
\nPurchase of unencumbered real estate in Portugal of a minimum value of \u20ac350,000. Co-ownership or purchase of property through finance is permissible provided each individual makes a mandatory minimum investment of \u20ac500,000.<\/p>\n

Portuguese Companies<\/strong><\/p>\n

Investment requirements in Portuguese companies range from \u20ac200,000 to \u20ac350,000.<\/p>\n

Urban Rehabilitation<\/strong>
\nInvestment of at least \u20ac350,000 in constructed 30 years ago or investment for rehabilitation of properties located in Urban Rehabilitation Areas<\/p>\n

Scientific Research and Development<\/strong>
\nInvestment of at least \u20ac350,000 in R&D activities of institutions that are part of the national technological system.<\/p>\n

Promotion of Culture<\/strong>
\nInvestment of at least \u20ac250,000 towards financing of bodies pursuing cultural or artistic activities or towards renovation or maintenance of cultural heritage.<\/p>\n

Small-Cap and Mid-Cap Finance<\/strong>
\nInvestment of at least \u20ac500,000 towards purchase of units of small-cap or mid-cap venture capital funds.<\/p>\n

Investment in Low Population Areas<\/strong>
\n20 per cent reduction in minimum investments in the above-mentioned categories when investment is made in a low population-density area.<\/p>\n

Although property investment is not the only investment stream, it is by far the most popular, as investors look to use Portuguese residency as an access window to the European Union.<\/p>\n

Changes implemented in September 2015 rejuvenated the program.<\/p>\n

They included new investment options for buying older property, or buying a building in a designated regeneration area. Aa scientific research investment option was also introduced.<\/p>\n

Existing investment classes include general real estate, capital transfer and job creation.<\/p>\n

There were fears candidates for investment immigration programs could start\u00a0turning their attention away<\/a>\u00a0from European countries like Portugal and towards the Caribbean, because of the UK\u2019s impending exit from the European Union.<\/p>\n

\u2018Brexit\u2019 could mean the investment immigration programs run by the likes of Cyprus, Malta and Portugal may no longer be able to offer visa-free travel to the UK, one of their key benefits.<\/p>\n

But the continued success of the Portugal program appears to suggest there has been little impact so far.<\/p>\n

Portugal\u2019s golden visa has been highlighted as one of the chief drivers behind\u00a0Lisbon\u2019s emergence from economic difficulties<\/a>.<\/p>\n

Interested employers:\u00a0<\/b>Kindly\u00a0contact us<\/a>\u00a0here to receive further information.<\/p>\n

Interested candidates:<\/b>\u00a0Find out whether you qualify to Canada by completing our\u00a0free on-line evaluation<\/a>. We will provide you with our evaluation within 1-2 business days.<\/p>\n

Read more news about Canada Immigration by\u00a0clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Portugal immigration department has reported a staggering \u20ac1.9 billion investment from Chinese candidates for its Golden Visa scheme. The European country\u2019s Foreigners and Borders Service has reported the program is dominated by Chinese candidates, accounting for two thirds of the money invested and the overwhelming majority of the visas awarded. A total of \u20ac3…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2ta","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9496"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=9496"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/9496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=9496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=9496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=9496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}