Get a 2nd passport with a golden visa in Portugal plus real estate opportunities and travel places? 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.
In the first two years, you must spend at least a total of fourteen days in Portugal. To renew your residence permit and receive a new residence card, you need to go through a renewal process about one month before your current residence card expires. During the renewal process, you have to retake biometrics (fingerprints, etc.), provide up-to-date criminal records, and pay a fee of €2,637.20 for each applicant. Additionally, the processing fee is again €532.70 for the first applicant, and €83.10 for other applicants (family members). Your new residence card is again valid for two years. During this period you again need to be in Portugal for at least 14 days (consecutive or non-consecutive).
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. See even more details on Portugal’s golden visa is the best way to move to Europe.
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.
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. Find even more details at https://www.idealhomesinternational.com/.