Portugal "very interested" in attracting US investment

Prime Minister, Luís Montenegro, has declared that the Government is "very interested" in attracting North American investment, highlighting that tourists from the United States are those who spend the most money 'per capita' in the country.

By TPN/Lusa, in News, Portugal, Business, Tourism, World, North America · 12 Dec 2024, 20:02 · 3 Comments

Questioned by deputy João Almeida (CDS-PP) about Portugal's relationship with the future administration of Donald Trump, during the parliamentary debate on the European Council on the 19th and 20th - the first chaired by the former prime minister Portuguese António Costa -, Montenegro assured that "the Portuguese Government will invest heavily in boosting bilateral relations" and urges the European Union "to do the same".

The USA is, he highlighted, "a political partner, a strong ally and an increasingly relevant economic partner".

Portugal is "very interested in attracting American investment and in continuing to increase tourist visits, which are the third contingent, but the most important in terms of the 'per capita' money they spend here".

Former Republican President Donald Trump will succeed Joe Biden (Democrat) on January 20th, after having defeated the vice-president and Democratic candidate, Kamala Harris, in the US presidential elections on November 5.

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Comments

Then they shouldn't have canceled the home purchase Golden Visa.

By Mark Dahncke from Algarve on 12 Dec 2024, 23:42

It's a pity to see the politicians sell out the country to the highest bidder without regard to the many negative effects this has on the culture, the locals, housing, and prices.

By Alan Weed from Porto on 13 Dec 2024, 10:25

Alan Weed, The wealthy aren't causing housing competition with the poor in Portugal. They are buying 500K Euro and more homes. They spend huge sums on cars, furniture, utilities, insurance, etc to live in Portugal, full or part time. They fly in and out, creating more tax revenue. They guy petrol/diesel, doing the same. They buy groceries, etc.

And the wealthy aren't committing crimes, either. But they are funding local contractors with work, local stores through sales, etc. On most visas, they pay income tax to Portugal.

The true cultural change, and diminishing of the federal funds, the crime, the competition for the lowest price housing, is the refugee and illegal immigrant crisis. This is what's hurting Portugal, but thankfully far less than Germany, France, Belgium, The Netherlands or the UK.

The EU opened Portugal to all of Europe, and visa/immigration laws allowed the wealthy to come in from the US. The US residents come to Portugal FOR the change in culture, pace, lifestyle. They don't want it changed to be America.

Mark

By Mark Dahncke from Algarve on 14 Dec 2024, 18:26