Travel places 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! How to be a successful real estate investor in Portugal? The real estate market suffered due to the financial crisis of 2008. However, there is a huge demand for properties from 500’000 EUR and more. Investors buying real estate in the capital Lisbon have tremendous growth potential. Advice is highly recommended for Golden Visa Investors as there are clears distinctions between vacation properties on the coast of Portugal and city properties located in the main cities. Everybody can buy property in Portugal. There are no restrictions on your nationality or residency. Real estate investments in the center of the main cities are the most attractive investments.
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: Make a capital transfer of at least 500,000€ (five hundred thousand euros), for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies that, in turn, must present a feasible capitalisation plan. Discover additional information on https://www.idealhomesinternational.com/services/golden-visa-portugal-residency-portugal-property-for-sale-portugal-real-estate-portugal_458.
That’s why, when writing this extensive handbook about the Portuguese Golden Visa, I enlisted the help of Alexander Dumont dos Santos—an independent lawyer with several years experience assisting clients with their Golden Visa applications. I’ve also met with dozens of professionals, including fund managers, real estate developers, lawyers, and immigration consultants—all in an effort to identify the best available paths to Portugal’s Golden Visa, and keeping this article up-to-date.
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. Read additional info at https://www.idealhomesinternational.com/.