Portugal's 'golden visas' generating wide interest in Middle East

  • Início >
  • Notícias >
  • Portugal's 'golden visas' generating wide interest in Middle East

Portugal's 'golden visas' generating wide interest in Middle East
Reading time: 4 minutes
Published: 21st February 2019, 4:55pm

Portugal’s golden visa investment scheme attracts interest from the Middle East, India and Pakistan and China in particular.

A senior Portuguese minister has said his country’s golden visa scheme is generating wide interest in the Middle East, with Arabs and South Asians among the most common applicants.

Eurico Brilhante Dias, Portugal’s secretary of state for internationalisation, revealed that most applicants from the region come from Pakistan, followed by India and Egypt, including some living in the UAE.

The Portuguese Golden Visa scheme

The vast majority of the 6,000-plus applicants granted visas so far are Chinese with those from the Middle East taking visas numbering in the hundreds. “We have people living in the UAE but also in Pakistan and India and other countries in this region interested,” Mr Dias said. “China and the Middle East in particular.”

Twenty EU countries have such schemes. Three – Cyprus, Malta and Bulgaria – give passports to non-EU citizens. Others, including Portugal, grant residency which can lead to citizenship. In Portugal’s case, foreign nationals are granted permanent residency if they invest €500,000 in property, €1m in the economy, or create a business that employs 10 or more.

Portugal Homes has all the information about acquiring a Portuguese Golden Visa by property investment. Download our brochure to find out everything you need to know about moving to Portugal.

Our scheme is transparent,” said Mr Dias. “All money related to laundering or that could have come from a criminal source – that money is not welcome in Portugal.

Opposition parties in Portugal have also clashed with Mr Dias’s ruling Socialist Party, claiming these investors do not create enough jobs. “This is not true,” said Mr Dias. He also rejected the idea that Lisbon could develop a host of ghost houses – owned primarily by wealthy overseas who don’t live there – that denude communities of their vibrancy. “To have an empty house is not rational. I don’t know many cases like that. The large majority [of investors] are making second and third investments.” He said there are no plans to end the scheme.

Tighten Portugal connections with the UAE

The Portuguese community in the UAE numbers in the hundreds, two-way trade stands at about €500m, and scores of Portuguese companies, such as clothing firm Saccoor, operate here. Just this week, Emirates announced the launch of direct flights between Dubai and Porto. It already flies to Lisbon.

During the visit, Mr Dias visited the Expo 2020 site in Dubai, attended the Idex defence exhibition in Abu Dhabi, and met members of the Ismaili Muslim community, which is led by the Aga Khan and headquartered in Portugal. He also said Portugal could consider a visa-free travel regime for Emiratis. Currently, UAE citizens must apply for a Schengen visa in advance. “But we need to increase the trade figures,” he said. “We want more trade, more investment and a fantastic Portuguese participation in Expo 2020.

Source: The National

About Portugal Homes
PortugalHomes.com specializes in selling Holiday Homes and Investment Properties. We help buyers find the right property overseas whether it be for Golden VisaNHR, Investment or simply a place in the sun, our properties are selected with great thought in mind to give our clients the best opportunities, we offer the complete service from Introducing them to Legal RepresentativesCurrency ExchangeMortgage AdvisorsProperty ManagementRental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario, we provide the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.

To find out more, please contact us:

28th February 2019
Investing in Lisbon As the city continues to grow in stature and the investors…
14th February 2019
St. Valentine’s Day history begins during the 3 rd century when…

Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

É fantástico como o Ryan tinha um conhecimento completo sobre Lisboa e nos tratou da melhor maneira.

Akbar Ali - Investidor do Paquistão

Ryan é muito profissional, mas também amigável e conhecedor do mercado Golden Visa. Também se mostrou flexível, pois, com um curto aviso prévio, viajou do Algarve para me se reunir comigo em Lisboa e substituir 1 colega.

Investir do Reino Unido

A Portugal Homes fez um excelente trabalho mantendo-me atualizado sobre o progresso da compra da minha nova casa, fornecendo relatórios regulares e abrangentes. Isto ajudou-me a aliviar a ansiedade sobre a compra de uma casa durante a pandemia.

Investidor dos EUA

Embora através do Zoom, estabelecemos uma grande confiança na integridade do George. [Foi] importante para nós ter confiança na capacidade do staff em se sentir alinhados em visões.

Donald Collie de Austrália

O processo foi bastante rápido e claro. Obtive toda a informação que precisava na primeira hora de conversa. A experiência foi perfeita.

Tomoko Inoue do Japão

Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!

John Mulroe and Wiebke Bock