A Covid Certificate for Investors would be much appreciated for emerging economies investors.
Applying the same rules to investors as apply to tourists makes no sense. So quarantining them is a bat Idea.
International investors don’t go to private parties, ride public transportation, or huddle at the Algarve beaches . They visit properties and discuss projects. They go to business meetings and always wear masks. If they have to sit still in a hotel room, for two weeks they won’t go anywhere. And the Portuguese economy needs them a lot.
This is what now happens to investors from Brazil and India – precisely two of the largest emerging economies in the world and with the biggest “appetite” for Portugal. Brazilians and Indians have deep and close ties (cultural and historical) to Portugal and, at a time of great insecurity, barring the door and making life difficult for them is, to say the least, not very sympathetic.
Everyone would applaud if the Government creates a special “deconfinement” passport for Foreign Direct Investment (on which Portugal is so dependent). An cautionary health exception for those who manifestan intention (and are really able) to invest – not just in real estate – but mandatorily creating companies and jobs.
Presenting proof of a negative test for COVID-19 upon entry is reasonable (and indispensable), but making it mandatory to comply with a 14-day prophylactic isolation period, at home or at a place indicated by the health authorities, after entering Portugal, is the same thing as telling investors: “don’t come!”
Looking into the pandemic statistic we can measure the size of this lost opportunity. In the first three months of this year alone, investors based abroad injected 1.7 billion Euros into the Portuguese economy. Since the beginning of the century, only in 2017 was the “harvest” bigger.