Suddenly, Portuguese immigrants are about to shut down! Apply now, there is still a chance

Recently, there has been a lot of news for European immigration applicants. Following the announcement of the closure of Irish immigrants, Portuguese immigrants are also doomed. On February 16, local time, the Portuguese Prime Minister announced the termination of Portugal's gold residence plan at a meeting of ministers.

the meeting clearly stated:

First, the approved gold residence card is evaluated when the card is renewed. If the property is used for self-occupation or rental, it can continue to hold gold residence status.

Second, all the detailed rules for the implementation of the plan will be discussed in the next month and announced at the new round of ministerial meeting on March 16. We will continue to pay attention to it.

Policy tightening is an inevitable trend.

In fact, the closure of Portugal's gold visa was not sudden. As early as November 2, 2022, Costa said that the ten-year gold visa had fulfilled its due duties and completed its historical mission, and was now discussing the closure of gold residence.

Since its launch in 2012, the Portuguese gold visa has been welcomed by investors all over the world with its advantages of simple conditions, fast processing and high cost performance. According to the data, since the introduction of the gold visa, a total of 11,628 main applicants have passed the gold visa application, raising a total of 6.8 billion euros (US $7.3 billion), 90% of which is used to purchase real estate. Among all applicants, the number of applications from Chinese families is 5,258, accounting for more than half of the total number of applicants, ranking first in history.

However, with the increase in the number of applicants, its policies are constantly being adjusted. From the increase in fund investment to the restriction of the purchase area, the overall trend is that there are more and more restrictions and higher thresholds. Then why is it suddenly shut down this time? There are two main reasons for our analysis:

1, the economic development momentum is good

In 2021, Portugal was deeply affected by the economic crisis. Therefore, as the first Schengen country in Europe to introduce a formal immigration law, it officially launched a gold residence project, aiming to attract foreign investors to Portugal to buy real estate, funds and other investments, and promote the country's economic development. At present, Portugal's economy is not what it used to be. According to official data, Portugal's GDP will grow by 6.7% in 2022, a 35-year high. The gold visa also brings Portugal an investment of up to 6.8 billion euros. The fundamentals of Portugal's policy out of economic trouble have changed.

2. The EU continues to suppress the immigration policies of various countries

In the past few years, the gold passports and visas of many European countries have been "beaten" by the European Union many times ". The European Union has questioned the European gold residence visa program several times, asking these countries to reconsider immigration bills.

According to reports, the EU Committee on civil liberties, justice and home affairs has released the latest draft, listing a series of measures to solve the problems related to "obtaining citizenship and residence rights in investment plans. In the end, the Committee adopted the draft text by 61 votes in favor, 3 against and 5 abstentions. Therefore, the end of the golden visa program is inevitable. The policies of European countries have been gradually tightened. The only question is when it will be terminated.

Any project has a life cycle, especially under the strict control of the European Union, the "golden age" of immigration to Europe is slowly ending.

At present, you only need to buy more than 280000 euros of real estate to obtain Portuguese residence status, enjoy European high-quality living environment, excellent welfare, excellent education and medical resources.

Application conditions:

1. The main applicant has reached the age of 18;

2. No criminal record;

3. Meet investment requirements:

Immigration advantages:

No academic qualifications, language, funds and other requirements;

Enjoy high-quality social welfare systems such as free medical care;

Children can enjoy free 12-year education, springboard to famous European and American schools.

One person applies, the whole family benefits for three generations;

The real estate is a permanent property right and has been passed down from generation to generation;

-5 years of permanent residence or naturalization;

Free access to 27 Schengen member states; Passport visa-free in nearly 180 countries worldwide

Can work and do business;

For immigrants, there is usually a window period of several months before the policy is implemented, so there is still a chance for customers who intend to immigrate to Portugal. They should hurry up and get on the bus and seize the final window submission period.

What other projects can you choose from in Europe?

Greek immigrants currently only need 250000 euros to buy a house. The conditions are simple and the speed is fast. The price will rise to 500000 euros on May 1, and the last two months will be the golden period of application.

Spanish immigrants, the mainstream way to buy houses is 500000 euros, but there is news that Spain also has plans to shut down, and further confirmation is needed.

Maltese immigrants, flexible, can rent a house can buy a house, the minimum needs only 100000 euros, the world's four-in-one country, four generations of immigrants, cost-effective.

In the face of the ever-changing European immigration program, if you are interested in immigrating to Europe, it is recommended to start preparing your application now in case you spend more time and money in the future, or even miss your favorite immigration program.