Travel attractions and Portugal real estate opportunities for Visa to Europe? 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.
What to do about the uncertainty? So where does that leave you in case you were planning on investing in Lisbon, Porto, or along the coast? First off, this is the place where I remind you that nothing you read in this article is legal advice. So start off by asking your lawyer for his or her opinion. In the meantime, here’s my personal take: If you’re in the process of purchasing a property, go ahead and complete the transaction and submit the GV application as soon as possible. If it’s not so important for you to invest in real estate, consider the €350,000 investment fund route instead.
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 to refurbish that was constructed more than 30 years ago or located in an urban regeneration area and with a value of at least 350,000€ (three hundred and fifty thousand euros) or 280,000€ (two hundred and eighty thousand euros) for the Algarve, Make a capital transfer of at least 1,000,000€ (one million euros), Create at least 10 job positions. Read extra details on Get a 2nd passport with a golden visa in Portugal.
While the program has benefited more than 6,500 foreign investors so far, it has also been beneficial for the Portuguese economy. As of this writing, the total investment into Portugal as a direct result of the program has reached a whooping €4,851,321,701. That’s almost five billion euros. That’s great news for prospective investors, as the program has broad support from nearly all political parties in Portugal. While a conservative government introduced the program in 2012, the current socialist coalition government has even expanded the program since seizing power at the end of 2015.
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 extra information on https://www.idealhomesinternational.com/.