The golden visa program in portugal
The Golden Visa program in Portugal is a residency program for non-European Union citizens who wish to live in Portugal. The program allows individuals to obtain a residency permit in Portugal by making an investment in the country, such as purchasing property, creating jobs, or making a capital transfer. The residency permit is valid for one year and can be renewed for two-year periods, after which the individual may be eligible for permanent residency or citizenship.
GOLDEN VISA PROGRAM
The Golden Visa program in Portugal offers a unique opportunity for non-European Union citizens to gain residency in the country. The program was introduced in 2012 and has since attracted thousands of applicants from around the world. The program offers several benefits to investors, including the right to live, work and study in Portugal, as well as the right to travel freely throughout the Schengen Area.
To qualify for the Golden Visa, applicants must make a qualifying investment in Portugal, such as purchasing real estate, setting up a business, or investing in the Portuguese economy. The minimum investment required varies depending on the type of investment but typically ranges from €250,000 to €500,000. In return, successful applicants are granted a residency permit that allows them to live, work, and study in Portugal.
After living in Portugal for five years on a Golden Visa, applicants can apply for permanent residency and eventually apply for citizenship. This provides a clear path to long-term residency and citizenship in Portugal, which is a major advantage for those who want to make the country their permanent home. However, the Golden Visa is also available to investors who wish to remain, for the time being, in their own country, with a view to possibly becoming resident or citizen of Portugal in the future.
Once a Golden Visa has been granted, investors are required to spend a minimum of seven days per year in Portugal. This requirement is easy to meet and it helps to ensure that the investment is genuine. It also means that investors have the opportunity to enjoy all that Portugal has to offer, including its world-renowned beaches, historic cities, and delicious cuisine. Portugal also offers a high quality of life and a low cost of living compared to other European countries. The country is known for its sunny climate, stunning beaches, and relaxed way of life, making it an attractive destination for those looking to escape the fast-paced and often stressful lives they lead in their home countries.
The Golden Visa program is also very family-friendly, with the spouse and dependent children of the main applicant also eligible for residency. This makes it a great option for families who are looking for a new home in Europe. Additionally, the program is also very flexible, with investors able to choose how they wish to spend their time in Portugal. For example, they can choose to live in Portugal full-time, or they can choose to split their time between Portugal and another country.
In conclusion, the Golden Visa program in Portugal is a great option for non-European Union citizens who are looking for a new home in Europe. With its low investment threshold, fast processing time, family-friendly policies, and the potential for long-term residency, it is easy to see why the program has become so popular. If you are considering a move to Europe, and you are looking for a country that is welcoming, diverse, and full of opportunities, Portugal may be the perfect choice for you.
See some current Golden Visa opportunities to the right, and contact us below for more examples.
EXAMPLE 1: PALÁCIO DO SAL
• Guarantee of total profitability of 30,000€ for the initial 6 years.
• Profitability paid at the time of acquisition of the investment.
• Optional buyback offer, after 6 years, for 100% of the purchase price.
280,000€ investment. The Buyer may also benefit from the reduction of some costs and taxes, which will be assumed by the promoter:
• IMT (6.5% of purchase price).
• VAT (23% on building materials).
• IMI (exemption during the construction period).
• Attorneys’ fees for the Golden Visa process.
• You can also enjoy a 7-day stay per year.
Total costs and taxes assumed by the promoter are estimated to be 30,000€
EXAMPLE 2: MADALENA 91
• Iconic Location – Rua da Madalena (downtown)
• Golden Visa eligible at €350,000
• 3% fixed yield for 3 years & market yield for 4 years
• 2 Retail Stores with + 100 sqm
• YEAR 0: GV Eligible Investment 350,000€
• YEAR 1-3: Fixed Returns 3%
• YEAR 4-7: Market Returns (expect 4%)
• YEAR 8: Buyback at Year 8 at market minus 10% (optional)
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