THE WINDOW OF OPPORTUNITY IS CLOSING, SO IF YOU CAN PROCEED, YOU MUST DO IT IMMEDIATELY. The golden visa program is the first choice for foreign investors to be granted a residence permit through a five year investment activity in portugal. Portugal’s golden visa is europes fastest growing immigration through an investment program having surpassed 6.564€ billion of investment

With a starting investment of at least €280.000, residence permit holders will have the right to reside in portugal and travel visa free within the 26 member state countries of the schengen area. The main investor and co-dependents will gain the right to work in portugal, free education, and a protected healthcare system.

The government announced that there will be changes regarding the Golden Visas. Investments can still be done and SEF is still accepting applications. The parliamentary vote was tentatively set for July 19th. After the vote, the proposed law must be ratified by the President and published in the official gazette. These steps will take at least two weeks. As a result, the GV deadline will be after July 2023.

• There will be no retroactive effect
• New applications and renewals submitted before the new law is published will be accepted; pending applications and renewals will be changed into the D2 program, which is an Entrepreneurs Permit, but without the 183-day residency requirement
• The government suggests keeping the current special regime of seven days each year.

QUALIFYING INVESTMENTS FOR THE GOLDEN VISA

Under the Portugal Golden Visa programme, non-EU citizens simply need to carry out just one of the following investments:

• The purchase of real estate in Portugal worth at least EUR 500.000 EUR (reduced to 400.000 EUR if it is located in a low-density area)
• The purchase of real estate in Portuguese urban regeneration areas or that is at least 30 years old to the value of minimum 350.000 EUR (reduced to 280.000 EUR if located in a low-density area)
• Investment of at least 350.000 EUR in scientific research in Portugal
• Capital transfer of at least 1 million EUR into Portugal

WHY INVEST IN REAL ESTATE IN PORTUGAL?

• Growth – Despite some increases in prices, Portugal is still among the cheapest real estate markets in Europe. With a strong growth rate of around 5-7% per year in cities, investments in Portuguese real estate remain profitable.
• It’s Profitable – Real estate can easily grant annual capital growth rates of around 8%. Touristic renting can achieve rates of 15% or higher.
• It Provides Stability – Even during a financial crisis, rent remains. Savings, however, will likely lose capital. Real estate increases in value over time and does not depend on venture capital managers. The fund investor can expect to achieve all gains in only 5 to 10 years.
• Safety – If you come to Portugal because you have to leave your home country, you already have a home you can use. If your children want to live and study in Europe, they immediately have a place to stay.