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When in Portugal I was really surprised to see most of the billboards in the Lisbon airport to be in... Chinese, advertising properties and apartments for sale.
by expertentipp 11y ago
When in Portugal I was really surprised to see most of the billboards in the Lisbon airport to be in... Chinese, advertising properties and apartments for sale. After some looking up I discovered that in Portugal one can acquire residency only by buying a property expensive enough.
- blablablame 11y agoYep, they are called Golden Visas. If you buy a property more expensive than 500.000 Euros you may apply for it. There were a few nags and some corruption charges a while ago so not sure what the current status is. There is also some tax break that if you had no income in Portugal in the last 10 years, you are eligible for a very reduced personal tax rate if you move to Portugal for X years so that also brings up rental and property prices.