Portugal travel tours, real estate options 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! 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.
Will the changes impact existing investments? Existing investors will be “grandfathered” into the old rules. However, there are two uncertainties: What the cutoff date will be for being granted the Golden Visa according to the old rules. What stage of the process you need to have reached when the cutoff date comes around. Regarding the cutoff date, even the end of the year (December 31, 2020) now seem unlikely. My guess would be late 2021, but it could be sooner or the rule change may be permanently changed. Your residence card will allow you to travel freely within the Schengen countries (you also need to bring your passport), without applying for any visas.
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 250,000€ (two hundred and fifty thousand euros) for investing in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest, networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage. Find extra information 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: No visa required to enter Portugal , Visa exemption for travelling through Europe (within Schengen Area). You can live and work in Portugal. Dependent family members can also obtain temporary Portuguese residency. Discover extra info on this website.