TNAG-1223-FCO40-1533-Relations-between-Hong-Kong-and-Macau-1983 — Page 60

CODE 18.77

Mr Synpot

SED

W105

Reference...

Th

20

minute below zil 6 Min Mitts Research

©

Dept-

Your comments most welcome.

2 Mr Codrington 25

@ 14/1

MACAO: PROPERTY SALES AND RESIDENCE RIGHTS IN PORTUGAL

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1.

•

11

>

You may have seen the article on page 4 of today's Financial Times which states that Hong Kong citizens are being invited by a Hong Kong Developer called Trafalgar Housing to buy flats in neighbouring Macao which ''carry with them the prospect of residence rights in Portugal'' The article adds that under Portuguese laws

''passed last year to accommodate the scheme' investors are required to purchase a flat in Taipa, and at the same time to make a minimum $30,000 investment directly into Portugal (in this case, included in the price of the flat). Application may then be made for Portuguese residency rights, and after six years of residence (for which residence in Macao is deemed equivalent to residence in Portugal) for naturalisation.

2.

I would be grateful to know whether you have any knowledge of the laws referred to in the article. It seems strange to us that the Portuguese should be encouraging Hong Kong Chinese to apply for residency rights, and hence naturalisation, for such a small financial outlay.

никого //.

13 January 1983

(6)

Rihoffere

·4 FEB 1983

RJ F Hoare!

No

Hong Kong and General Department WH312 233 4439

TAF th f4kj

cc:

Miss Vivian, FED K260

78442

To: Mr Codrington, SED

1.

Mr Hoare, HKGÓ

24/

Jouette Powell.

I am sorry to have sat on this.

12.

The

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