Portugal travel places, real estate opportunities and entry visa for Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Last 3 years, the tourism industry increased by 50%. Golden Visa Investors can participate in the very attractive short rental market renting properties to tourists generating 5% to 10% rental income. The real estate market in Portugal is booming. Portuguese investors do not bring their money to the banks anymore. Portuguese investors prefer investing in real estate properties. Since 2018, you can invest 350’000 EUR in a fully regulated Portugal Golden Visa Investment Fund creating a fast investment solution with high returns. The Investment Fund will invest in properties easy to sell and easy to rent out. It is expected a return of over 6% per year. There are no grey areas in this program. If you invest you receive the option to relocate at any given time and after 5 years you receive the Portuguese Citizenship with an EU Passport.
What to do about the uncertainty? So where does that leave you in case you were planning on investing in Lisbon, Porto, or along the coast? First off, this is the place where I remind you that nothing you read in this article is legal advice. So start off by asking your lawyer for his or her opinion. In the meantime, here’s my personal take: If you’re in the process of purchasing a property, go ahead and complete the transaction and submit the GV application as soon as possible. If it’s not so important for you to invest in real estate, consider the €350,000 investment fund route instead.
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Purchase real estate property with a value of at least 500,000€ (five hundred thousand euros) or 400,000€ (four hundred thousand euros) for the Algarve as it is classed as a low-density area. Discover more information at Portugal’s golden visa is the best way to move to Europe.
Who is eligible for the Golden Visa? Any third country national—meaning anyone except Portuguese and EU/EFTA citizens—can apply for the Golden Visa after completing a suitable investment into Portugal. The investment can be made as an individual or through a legal entity meeting certain requirements. You will also need to meet the (minimal) physical presence requirements mentioned below. Maintain the investment for a minimum period of five years. Spend a minimum of seven days in Portugal during the first year, then not less than 14 days in each subsequent 2-year period.
Initiated in 2012, the Portuguese Government’s Golden Visa Scheme has reportedly seen nearly 5 billion euros already invested into the country and over 8,000 third country nationals granted temporary residence permits (14,000 people if you take into account their direct dependents). It is easy to see why it has been so successful as Portugal, with its warm climate, gorgeous beaches, fine cuisine and laid-back attitude, remains an extremely attractive proposition for those looking to live, retire or invest abroad. Discover more details at https://www.idealhomesinternational.com/.