Portuguese golden visas spark interest from Chinese

Two Portuguese lawyers from law firm Neville de Rougemont (NDR) said that after a business trip to China they noted significant interest from Chinese businesses and clients in investing in Portugal.

In the company’s newsletter that is sent to the Algarve Resident, NDR Partner Francisco Barata Salgueiro and Senior Associate João Cunha Vaz informed that they had just returned from a business trip to China and revealed interesting conclusions.

“The trip was the result of a significant increase in contacts from Chinese businesses and private clients interested in investing in Portugal, largely in connection with the recent Investor Residency Permit programme (or Golden Residence Permit Programme) launched by the Portuguese Government (see last week’s edition).

The scheme allows golden visas to be granted to those conducting capital transfers of at least €1 million euros, creating 30 job placements or purchasing real estate worth a minimum of €500,000.

The business trip was aimed at strengthening the firm’s local partnerships and client base and also to promote the firm’s expert legal services connected with the said Investor Residency programme.

In addition to several meetings, Francisco Barata Salgueiro was also a speaker at several conferences, where he explained and answered questions about this programme to local agents and private clients.

This trip also enabled NDR to strengthen its relationship with the Portuguese Embassy in Beijing, having had the opportunity to discuss, in detail, several of the formalities involved in the issuing of visas to Chinese based investors and local partners’ representatives.

The visit took place between January 6 and 12 and covered four different cities – Shanghai, Beijing, Guangzhou and Zhongshan.