Post by Soutpeel on Nov 9, 2015 13:18:22 GMT 7
Thailand's TE visa program appears very reasonable in comparison
The winners and losers of Portugal's golden visa scheme
Attachment Deleted
"Do I get four Golden Visas for this?" jokes Yili Chen as estate agent Nuno Durao shows him round a 2m euro ($2.8m) apartment in the seaside town of Cascais.
The 28-year-old, who prefers to be called Li, is from Shenzhen in southern China. He has been lured to Portugal by its Golden Residence Permit programme.
It gives foreign investors who spend 500,000 euros on a property here the right to live in Portugal.
They are also free to travel around all the EU countries in the Schengen area and after six years they can apply for Portuguese citizenship.
Li, who got married last year, wants to send his children to European universities.
He is also concerned about what the financial future may hold for China, so he is looking to invest in Europe.
"You cannot put all your eggs in the same bucket. So we try to put something in Europe and this is a very good opportunity. We can earn some money and also get the visa," says Li.
www.bbc.com/news/world-europe-26636829
Further reading
www.forbes.com/sites/ceciliarodriguez/2013/09/29/want-to-live-in-europe-buy-a-residency-permit/
The winners and losers of Portugal's golden visa scheme
Attachment Deleted
"Do I get four Golden Visas for this?" jokes Yili Chen as estate agent Nuno Durao shows him round a 2m euro ($2.8m) apartment in the seaside town of Cascais.
The 28-year-old, who prefers to be called Li, is from Shenzhen in southern China. He has been lured to Portugal by its Golden Residence Permit programme.
It gives foreign investors who spend 500,000 euros on a property here the right to live in Portugal.
They are also free to travel around all the EU countries in the Schengen area and after six years they can apply for Portuguese citizenship.
Li, who got married last year, wants to send his children to European universities.
He is also concerned about what the financial future may hold for China, so he is looking to invest in Europe.
"You cannot put all your eggs in the same bucket. So we try to put something in Europe and this is a very good opportunity. We can earn some money and also get the visa," says Li.
www.bbc.com/news/world-europe-26636829
Further reading
www.forbes.com/sites/ceciliarodriguez/2013/09/29/want-to-live-in-europe-buy-a-residency-permit/
