Portugal’s revamped golden visa scheme may mean higher cash requirements for Hongkongers, mainland Chinese to invest

Investors from Hong Kong and mainland China seeking permanent residency in Portugal may soon have to consider buying commercial property there rather than a residence, under new rules set to take effect in the new year.Starting from January, house purchases in the capital city of Lisbon as well as Porto and parts of the Algarve region will no longer qualify under the fast-track residency programme, a move intended to cool down home prices and encourage investment in other Portuguese cities…

Read the original article at South China Morning Post