With the aim to survive from the global economic crises, Portugal now invites realty investors from the non-European countries including India.
This might be a golden chance for the Indian millionaires who have surplus income to invest in Portugal. The doors of Portugal have been opened to the Indian investors and businessmen who are ready to have some investment or set up an office in the European countries.
While visiting India, Portuguese foreign minister Paulo Portas promised that the Portuguese government would provide residency permits to all investors who will invest in real estate sector in the country. Additionally, if they are not interested in the real estate investment, they can attain residency permit from the Portuguese government by setting up an industry in the country.
As per the revised plan of the Portuguese government whoever invests more than or up to €1Mn in real estate or a half of it in the industry will be given residency permit. Though the aim of this residency permit is creation of job opportunities in Portugal, this offers a golden chance to the Indians to set their foot in the European Union.
Portuguese foreign minister has assured that the government would be liberal in providing visas to the investors. Further he added that those who wish to settle permanently in Portugal will be given permanent residential certificates as well as Portuguese citizenship.
The strategic location of Portugal is also noted. It has close proximity to Brazil and some of the North American countries. In fact the residence permit in Portugal will provide easier access to the other European Union countries.
Last month while visiting India, the British Prime Minister David Cameron also made a similar suggestion. He too invited the investors from the subcontinent.
Non-European citizens, as per the golden residency permit, will have full access across the EU countries. The Non-European citizens can enjoy an entrance to the EU, provided he or she has sufficient fund to invest.
