Portuguese Consulate to host session on Golden Visa

The Portuguese Consulate in Macau will host an information seminar about Portugal’s Golden Visa on May 17 titled ‘How to obtain the best return and be a citizen of the most promising market in the European Union’, according to TDM Radio. The Golden Visa was created by the Portuguese Government as a way to incentivise investment and employment creation, allowing citizens from outside of the European Union or the Schengen area to be granted a temporary Portuguese residence permit. Non-residents wanting to apply for a Golden Visa could obtain it by transferring capital equal to or exceeding €1 million (US$1.14 million / MOP9.12 million), the creation of at least 10 job positions, or purchasing real estate property valued at or above €500,00 according to the Portuguese Immigration and Borders Service. Since the system was created in 2012, Chinese nationals have received the greatest number of Golden Visas, with 2,345 as at February this year.