Chinese consider Portugal the best country in Europe for investmentBy Lina Rodrigues • Jul 3rd, 2015 • Category: Tax Issues
As reported in the Algarve Resident recently, the Chinese consider Portugal to be the best country in Europe to invest.
This is not only due to the lower cost of living, the healthy lifestyle and healthcare but it also shares the same kind of culture.
Such examples of investors is Fosun who recently invested in the bank BES as well as the insurance company Fidelidade and Espirito Santo Saúde.
Lusa news agency recently stated Portugal has become one of the main destinations for Chinese investment since China Three Gorges became one of the largest shareholders of national power company EDP in 2012.
Since its creation the Golden Visa programme has to date attracted a total investment of Eur 1.448.005.298,52 of which just over half has been by capital transfer and the remainder by purchasing real estate in Portugal. The main nationaly being Chinese with a total of 1,914 applicants.