Portugal Golden Visa: Best Locations For Investing In Property

 

Portugal golden visa program becomes more and more popular among foreign investors. The most popular investment option of Portuguese residency program in property investment. As investment amount varies depending on the property location, Mann’s Solution team has prepared a detailed overview of the most popular Portugal regions for the investment.

Lisbon

Lisbon is the capital of Portugal and is one of the most popular cities in the country. The City provides the best opportunities for entrepreneurs with its large and qualified consumer market. The quality of life in Lisbon is great as there are well-developed facilities and the atmosphere of the city is magnificent. The city is located near the ocean and offers many attractions to the tourists and local inhabitants.

Talking about Property, the prime market prices of Lisbon are already around 10,000 EUR per square meter, which makes it more expensive comparing to other regions and similar to Barcelona and Madrid.

Algarve 

The area of Algarve is considered to be one of the most popular summer rental markets. It offers breathtaking beaches and incredible places like the Ponta de Piedade, the Praia da Falesia, and Cape St. Vincent.

If you decide to sell property in this region, it might be not as easy as in Lisbon or Porto as the city is smaller. Also there are certain strict regulations about who can buy the property, so the best decision would be to talk to your real estate agent. 

Porto

The second largest city of Portugal is Porto. It is interesting to mention that Porto has almost tripled the number of arriving tourists since the arrival of low-cost airlines, which makes now the city even more attractive for the investment. More than 11 million people pass through the city and airport.

Being a large city, with strong agriculture and industry, Porto is a home for 1.7 million inhabitants living around the region. Talking about the property, It is easier to find the property there than in Lisbon and prices per square meter starts from 2,500 – 5,000 EUR.

Cascais

Beautiful Cascais is a very important tourist destination located less than an hour’s drive from Lisbon. It has a population of 200,000 and is an excellent idea for people looking for a gorgeous coastal view.

The prices for properties vary from place to place and properties located nearer to the marina are more expensive than the others.

 The Overview Of Portugal Golden Visa Program

 The Portugal Golden Visa, grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.

Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations. The country offers high quality of life and one of the highest Human Development Index ranking. Portugal is among the oldest nations in Europe and country offers rich history, exceptional local cuisine, lively culture, stunning rocks and beaches, and peaceful countryside.

Main Benefits Of The Program

 Portugal golden visa or Portugal residency by investment program grants the applicant a 5-year residency permit and let's apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family travel without visa to all Schengen Zone countries and gives access to high-standard education.

 Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations. The country offers high quality of life and one of the highest Human Development Index ranking. Portugal is among the oldest nations in Europe and country offers rich history, exceptional local cuisine, lively culture, stunning rocks and beaches, and peaceful countryside.

 Investment Options

 1. Property investment from €280,000

  •  €500,000 - purchase residential or commercial real estate (€400,000 - reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas).

 

  •  €350,000 - purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 - reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)

2. Creation of 10 Jobs or Business Investment

  •  Create a minimum of 10 new jobs OR

 

  •  Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs

3. Capital Transfer From €1,000,000

  •  Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

 To learn more about “Portugal golden visa” or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please Contact us at enquiries@manns-solutions.com or call +44 207 993 63 46. We are specialized in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers are regulated by OISC (Office of the Immigration Services Commissioner) and IMC (Investment Migration Council).

 

Comments

Post a Comment

Popular posts from this blog

Five Tips Before You Apply for a Spouse Visa the UK

Image
Applying for a spouse visacan be quite complicated as it is both practically and emotionally difficult to get a spouse visa. Family life becomes difficult when your loved ones are not around you. Therefore, a spouse visa is given importance, and you need to consider a lot of things before you get it done. Here are five tips for applying for a spouse visa in the UK : - 1.        Firstly, you need to check if you must apply fora visa from outside the UK. If you are already in the UK on a different visa, you might have to switch to a spouse visa without leaving the UK to make your visa. For this, you can seek help from an immigration lawyer. 2.     The next thing to consider while making a spouse visa in the UK is that you need to be clear about your partner's settled status in the UK. You or your partner must be a British citizen and have settled in the UK or have proof of Permanent Residence. If you are not sure enough, you can take advice from the ...
Read more

What you need to know about St Lucia Tax System

Image
Well-known for their Taxation Systems, Caribbean Countries provide plenty of benefits for their nationals and businesses. And St Lucia Citizenship program is not an exemption. For example, in Saint Lucia, both persons and registered companies are subject to personal and corporate income tax, but Saint Lucia’s tax regime claims no tax on wealth and inheritance which is beneficial for high net-worth individuals and their families. Read about St. Lucia Tax System below.  Is there any Income tax for companies in Saint Lucia? All companies in Saint Lucia are taxed at a flat rate of 30%. But on the other side, companies that are considered non-resident, are liable for corporate tax on local income and interest and are taxable at a flat rate of 25% withholding tax. Also, a withholding tax rate of 15% applies to interest. In Saint Lucia, companies are not subject to capital gains tax.   Is there any personal income tax in Saint Lucia? Any individual residing in St. Lucia as...
Read more

Obtain Greece Residency By Making A Property Investment

Image
                              More and more investors choose Greece golden visa or Greece residency program, so what are the main reasons and why property investment becomes the most popular choice among the investors? The answers is simple, Property investment is the most profitable option as investors can easily obtain money from the rental income. However, there are some additional costs to keep in mind. For example, investors who choose to obtain Greece residency by making an investment in real estate will have to pay additional taxes on real estate which are 3%- 24%. However, even with these additional costs, at €250,000 + taxes and fees (just over €300,000 in total) Greece residency program offers one of the low-cost residency programs in Europe. In addition to that, Greece offers incredible nature, historical legacy and modern culture. Also, Greece is well-known for its natural beauty, stunning island and...
Read more