Travel destinations and Portugal real estate offers for entry visa to Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! What are the investment requirements? The investor has the option to choose one of the following investments. Transfer of at least 1,000,000 EUR to the investment fund. He has to create at least 10 new jobs. He is free in purchasing a property of at least 500’000 EUR. He can invest 350’000 EUR in a 30 years old property located in an urban rehabilitation area, in scientific projects, in projects supporting national cultural heritage, investment fund or environmental projects. Since 2018, you can invest 350’000 EUR in a fully regulated investment fund. Just 15 investors of more than 7’208 (28 February 2019) opted for the 10 jobs creation program. Nearly all investors are investing in profitable real estate properties in the capital Lisbon, Faro and in touristic areas. Based on Golden Visa Portugal property prices are increasing by 10% to 12% per year. Real estate investments in the main cities are very attractive investment opportunities.
The Portuguese parliament recently passed a budget proposal (translation) that seeks to exclude properties in Lisbon, Porto and (potentially) all other coastal municipalities from qualifying for the Golden Visa. The minimum investment amount and number of people you need to employ if you go the business investment route may also be increased. The actual rule changes aren’t yet known. The budget proposal isn’t specific when it comes to the implementation—it only gives the government the mandate to change the rules. Government representatives have said that they don’t wish for this to impact any ongoing investments, and have suggested that the new rules won’t come into effect until the end of the year.
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. Find additional info at Get a 2nd passport with a golden visa in Portugal.
The Portugal Golden Visa program has proven to be the most popular scheme in Europe with investors attracted to its flexibility and benefits. Launched in 2012 the investor visa program has been actively promoted internationally by the Portuguese government. An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: Low minimum stay periods (7 or more days in first year and 14 or more days in subsequent years). After 5 years you will have the possibility of obtaining permanent residency or citizenship and a Portuguese passport. Discover more information on https://www.idealhomesinternational.com/.