Portuguese foreign minister Paulo Portas, on Monday, promised residency permits to all who will invest in Portugal. This is considered as part of their strategy to invite more non-European investors to their country.

Cities in Portugal may witness more Indian investors.

While visiting India, Portuguese foreign minister Paulo Portas promised residency permits to all the Indian realty investors who will invest in Portugal.

Citing the strategic location of Portugal, he added that it would be open the doors of Europe in front of the Indian realty investors. However the investment in Portugal is expected to provide access to the entire European Union countries.

Portugal has already approved the golden residency permit which permits the non-European citizens to have full access across the European countries in the Schengen area. However the investor is expected to invest either in the real estate or start up an industry in Portugal. Continue reading →