Mohamed Hassan on 24 Horas Newspaper (Click on image to see bigger)

(Click on image to see bigger)

The title of the article:

Mohamed Hassan wants to invest in Real Estate but is missing... the Visa.

PORTUGAL DISCART MILLIONS FROM ARABS

On the right, we can read the interview to Mr. Mohamed Hassan. I'll writing here in English:

Mohamed hassan told to 24horas that he is still waiting an answer from the national authorities to his wish of obtain a resident Visa.

24horas: Why you want a residence visa and not only an entry visa?
MH: What I want is to have availability to buy and sell, invest in safety and have warranties. If I have only an entry visa I will not be allowed to make any kind of financial application, because Portuguese law does not allow. Only with the residence Visa I could make such investments.

24horas: Have you had the same problem with other countries?
MH: No, no. The issue is that I already invested in many countries. I don't know why this is happening in Portugal. A first problem is that Portugal has no embassy here in the Emirates. Everything is handled through the embassy of Spain.

24horas: You can abdicate of Portugal because of these difficulties?
MH: There aren't any investor who likes to be confronted with bureaucratic difficulties of this kind. If I encounter difficulties in terms of documentation and other procedures, I assume that I can forget the country permanently. I just ask a warranty, a safety so I can invest in Portugal and I can come and go without problems. I would like, basically, to be well received.

24horas: It is a chance that Portugal should not miss?
MH: I can not evaluate it, but the Portuguese government. I can, perfectly, do those applications in any other country in the world. We have business in Germany, Austria, France, Holland, Dubai, ... But I still hope for a solution to facilitate all necessary procedures.

24horas: What is the volume of investments that we are talking about?
MH: We run, here in the Emirates, many and large businesses. Speaking about Portugal, we can talk about numbers in the order of hundreds of millions of dollars.