Macau entrepreneurs visit Portugal

A group of 33 entrepreneurs from Macau will visit Portugal next week to explore investment possibilities, promote co-operation between associations and find out more about the ‘golden visa’.

The golden visa allows investors from outside the European Union to obtain a residence permit which will give them free access to European countries under the Schengen Agreement.

The Macau entrepreneurs are linked to sectors such as construction, real estate, retail, jewellery and imports.

“We particularly want to know more about the golden visa so that we can then take that information to Chinese investors, because Macau is a bridge between China and Portuguese-speaking countries,” said Lino Ho, the leader of the entourage.

The permit is granted to all those who make a capital transfer of €1 million or more, create at least 10 jobs orbuy a property valued at €500,000 or more – investments that should be maintained for a minimum period of five years.

“We also want to explore investment opportunities and the import of food products to help Portugal’s economy during these difficult times,” he added.

Ho explained that the products may then be sent to China, which he considers “a much larger market that harbours concern about food safety which Portuguese products could help sooth”.