Investments in Portugal will offer residency permits

9 July 2012

Changes to the Foreigners Law in Portugal, which are currently being discussed in the country’s parliament, will include offering residency permits to those who invest in the country, the Portuguese Minister of State and for Foreign affairs, Paulo Portas said in Macau.

“Within a few weeks, the Portuguese state will have an attractive and competitive policy for those who believe in Portugal now, by transferring capital to our financial system, acquiring houses or land in Portugal to drive the real estate market or creating jobs through investments,” Portas said.

Whoever believes in Portugal, 2at this moment will be well treated, by being offered residency permits that are, compared with those of other countries, more favourable,” said Portas in a speech as part of the “Export Routes” seminar organised by Portuguese weekly newspaper Expresso and by Portuguese Trade and Investment Agency, AICEP.

The Portuguese Foreign Minister met with the Macau Chief Executive, Fernando Chui Sai On, whom he invited to visit Portugal.

“Portugal is interested in Macau, Macau is interested in Portugal and we need to nurture that interest with regular and frequent institutional cooperation,” said Portas, noting that, “Portugal is absolutely interested and committed to a stable and long-standing agreement that is mutually beneficial.”

“Portugal has a positive view of investments originating in Macau that have been made in our country and, just as there were investments from mainland China in 2011, we have a positive outlook on increased exports to these markets as well as on new investments from Macau in our country,” he said (macauhub)