Portugal’s golden visa is the best way to move to Europe plus real estate options and travel places? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Keep in mind that real estate brokers in Portugal work for the seller. They are in a conflict of interest situation. Their commission is included in the sales price. Real estate brokers are strongly motivated to sell properties for as much as possible. Dishonest brokers are widespread. The risk of encountering an overpriced transaction is imminent. Saving money by not engaging a lawyer can cost you a fortune at the end of the program. You need a local matador who is familiar with the real estate market because the demand for real estate is huge. You need somebody on the spot acting in your exclusive interest.
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. See more information 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. Discover additional details at https://www.idealhomesinternational.com/.