The Golden Visa will enable investors to extend the application to direct family members, with no further investment requirements
The Portuguese Golden Visa Programme targets high-profile non-European investors interested in having a back-up plan for their future generations. The Advantages of the Programme are unique for investors, allowing them, and their families, to freely travel, work, live and study in all Schengen countries. The Golden Visa will enable investors to extend the application to direct family members, with no further investment requirements. The reduced minimum stay obligations within the country - only seven days on average per year - is another significant advantage for those not willing to relocate at the moment. The programme is also a fast track to reach citizenship since after five years investors have the right to apply for the Portuguese passport.
Awarded as the best Residency Programme Globally 2015, 2016 and 2017, by the Global Residence Programme Index (GRPI), and aimed at attracting overseas investment to Portugal, the Golden Visa is a very straightforward, simple and with clear legal rules.
To apply for a Golden Visa through real estate investment, foreign nationals, either personally or through a company, are required to make an investment that conforms to one of the following conditions: Investment in real estate valued at at least € 500,000; real estate with more than 30 years construction time with a value of at least € 350,000; The Portuguese real estate is a safe haven for domestic and foreign investment, generating capital appreciation of more than 10 per cent per year and Rental income around 5 to 7 per cent.
Alternatively, Golden Visa applicants can obtain access to the scheme through investment in a Portuguese Investment Fund - www.safeinvestmentfunds.com - in a minimum value of € 350,000. This option was recently introduced by the Portuguese Authorities and have been highly requested by applicants, since it comes free of taxes and focused on the bottom line investment, creating a very fast and interesting solution to focus on High Return on Investments.
PTGoldenvisa.com is an awarded integrated service provider for Residence Permit in Portugal, offering Investors a complete service A-Z, assuring solutions for real estate, legal steps, banking services, tax optimisation and property management. Our clients have a long-term relationship with our team which fulfils all their needs during the investment period.
Published 27 September 2018
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