Good news arrives from Portugal. The new data shows that the property sales has increased 23% since the country leave the lockdown one month ago. The situation is improving and property agents have noticed an improvement and they are offering virtual tours and other solutions to show the properties to the costumers. Now it is a good moment to invest in Portugal.

Prices are keeping more or less stable and between April and May have increased 0,9%, as property specialists says and they have high expectations that the market will return to normal after the pandemic.

Why it is a good idea to invest in Portugal?

As we have said in many occasions, investing in Portugal is synonymous with success. With and excellent quality of life and, at the same time, affordable, Lisbon and Porto are two cities that attract many numbers of international investors.

Algarve is another interesting area where to invest in a second residence or retire. With wonderful beaches, good climate and all services at hand, it is also a good idea.

 

Golden Visa Portugal, the best option for you and your family

If you are thinking of investing in Portugal, we have the best option for you. The Golden Visa Portugal program is one of the most attractive and accessible in Europe. With an investment of minimum € 280,000 you can get Portuguese residence for you and your family (spouse and children under 18). However, we can offer you many other interesting investment options.

With the Golden Visa you can move around all the countries of the Schengen area with complete freedom. In addition, there is only a minimum stay of 7 days the first year and 14 the second and third. After five years, you will be able to obtain Portuguese citizenship.

If you want to invest in Portugal, contact us. Depending on your situation and the objectives you have, we will recommend the residency program that best suits you and your family. Remember that you can invest and request the program without leaving your country. Our team will manage everything so you don’t have to worry about anything.

Source: Portugal resident

 

The capital of Spain is one of the cities that offers the best real estate opportunities on the market. In addition to this, Madrid offers work, professional, leisure and cultural or sports alternatives to those who wish to make an investment. In this post, we will see which are the recommended neighborhoods to invest in Madrid.

Madrid has the main museums of the country, universities, prestigious international schools and a communication network at the level of any large cosmopolitan city. It is the nerve center of Spain, where the Royalty, the president of the government and the main public figures of Spain reside, counting on multitude of institutional buildings, historical, palaces and gardens.

Neighborhoods to invest in Madrid

The city of Madrid is divided into different neighborhoods, each with different characteristics that we must consider when making investments. The most prominent neighborhoods to invest in Madrid are the following:

Tetuán

It is one of the neighborhoods with the most movement in real estate. Thanks to its location, many real estate developments are currently being built at very attractive prices. That is why it is a good place to invest in Madrid.


Retiro

El Retiro is one of the most attractive residential areas in the center of the capital. It is located in the Retiro district in an area surrounded by museums and parks. The average price of the square meter in this area exceeds 5,000 euros, so the properties for sale in this area are aimed at an exclusive public with high economic capacity.

Salamanca

Salamanca is an interesting neighborhood where invest in Madrid. It has always been distinguished for being the most exclusive neighborhood in the capital. Its streets are full of prestigious shops and Michelin-starred restaurants. The embassies of the most important countries in the world are also located there.


Hortaleza

Really close to Prado’s mountain, Hortaleza is an interesting neighborhood where invest in Madrid because it is perfect for those people who living in the capital don’t want to lose contact with nature.


Chamberí

One of the widest areas of Madrid, also known for its wide boulevards. This neighborhood has numerous sports facilities and also an expanding area for gastronomic leisure. It is one of the best areas for real estate investment Madrid, since the price of housing is very stable.

La Latina

The evolution of the downtown area has also reached La Latina, an emblematic area of ​​the capital for hosting in its streets the one known as “Madrid of the Austrians”. Its streets are full of cultural areas, markets, bars, restaurants, leisure areas and monuments.


Arganzuela

It is a central and residential neighborhood that is located in the Ambassadors area. Arganzuela stands out for the tranquility of its wide streets, the large number of green areas and, of course, its real estate developments with large common areas. It is an interesting neighborhood to make an investment in Madrid because it is very close to the center, with all the positive that this implies, but at the same time far enough away to offer the resident tranquility.

 

Golden Visa Spain

The Spanish Golden Visa is an attractive programme for international investors who want to get the Spanish residence in exchange for an investment the real estate market. If you are thinking of investing in Spain, we have the best option for you. With a minimum €500,000, you can get the Spanish residence for you and your family (spouses, children under the age of 18 or financially dependent). These are the main benefits of the Spanish Golden Visa:

  • Visa-free travel to Schengen zone
  • No requirement to live in Spain
  • Good quality life
  • Right to work in Spain
  • Access to healthcare and education system
  • Quick and easy process
  • You don’t need to travel or move from your country to request any management.

Our team comes from different countries around the world and understands you and helps you to take the better decision. Moreover, you don’t need to travel to apply for the Golden Visa programme. Our advisors will carry out all the management, so you don’t need to worry about nothing. Contact us!

Orience International by your side

We offer other investment options if you want to get the residence or citizenship. According on your situation and your objectives, we will advise you on which residence or citizenship programme is best to invest in order to achieve the objectives you have set: a high level of quality of life and social well-being, good weather, good health and education services.

We are pleased to announce that Orience International is a new member of the IMC Group, being the first Spanish company to be part of the group. The IMC (Investment Migration Council) is the worldwide association for investment migration and citizenship-by-investment, bringing together the leading stakeholders in the field, like lawyers, financial service practitioners, bankers, investment advisors, brokers or insurance providers, and giving the industry a voice.

One of the objectives of the IMC is to set the standards on a global level and interact with other professional associations, governments and international organizations in relation to investment migration. Moreover, the IMC helps to improve public understanding of the issues faced by clients and governments in this area and promotes education and high professional standards among its members.

For Orience International being a member of the association it means to benefit from keeping up-to-date on latest trends and developments in the field. As Oriol Molas, Orience International CEO, has explained, “additionally, obtaining the recognition from the IMC Group it is a fantastic new, which let us to demonstrate the great job we are doing and showing that we stay at the forefront of the latest industry standards and procedures.

On the other hand, being a member of IMC Group gives to the clients and international investors the security and tranquility we are taking the right decision every moment, guide by honesty, confidentiality, integrity, ethical practice and disciplinary rules and procedures.

The IMC Group is based in Geneva and it has representative offices in New York, London and Gran Cayman and it is constituted as a non-profit association. Nowadays it is integrated by more than 20 members, which they have to apply the Code of Ethics and Professional Conduct.

Finally, and since last year, the organization is in special consultative status with the Economic and Social Council of the United Nations.

Order SND / 421/2020, of May 18, by which measures are adopted relating to the extension of authorizations to stay and reside and/or work and to other situations of foreigners in Spain, in application of Royal Decree 463/2020 , of March 14, declaring the state of alarm for the management of the health crisis situation caused by COVID-19.

The Spanish government has finally established and clarified the situation of foreigners in Spain with regard to residence permits, visas and expired stays. With this measure, legal security is granted and those affected are prevented from finding themselves in a supervening irregularity with a complicated solution.

In the next article we talk about this announcement:

Although it is true that RD 463/2020, of March 14, already established the suspension of administrative deadlines, prescription and expiration, to date the situation of many foreigners whose authorization or Visa expired during this extraordinary situation caused by COVID-19.

The order establishes that the residence and/or work authorizations, the stay authorizations for studies, mobility, internships or volunteering, the family cards of a citizen of the union and the long-term residence authorizations that have expired during the validity of the alarm status or have expired in the 90 calendar days prior to their declaration (of the alarm status) will be automatically extended. The extension begins the day after the expiration and lasts up to 6 months from the end of the alarm state.

Section 6 of Article 1 establishes that renewal applications may be requested at any time within 6 months or up to 90 calendar days after the expiration date, without prejudice to the initiation of a sanction file for the delay in filing.

The order also regulates the expiration of short-stay visas (not exceeding 90 days) and establishes that their duration is automatically extended for a period of 3 months.

However, even if they are Schengen visas, the validity only applies to Spanish territory and this extension will be computed to calculate the maximum authorized time for future stays or requests for these visas.

The youth mobility agreements and study stay visas of up to 180 days duration are also extended for a period of 3 months, provided that the holder is in Spain and has not been able to return to their country of origin.

Another very important point to keep in mind is the entry of third-country nationals whose documentation or authorization has expired while abroad. Specifically, the order establishes that the holders of an authorization, a family card of a citizen of the Union, a long-term foreigner card or long-term visas for investors and entrepreneurs may enter Spain even with the card or visa expired. Travel documentation (passport) is required to be current.

Finally, absences from Spanish territory caused by the impossibility of returning to the country will not count when requesting renewals of authorizations or first requests for long-term authorizations.

If you have any doubt, do not hesitate to contact us, we will be very pleased to help you.

 

Zahra Maaroufi, lawyer specialist in residency permit in Orience International

 

Portugal, a transcontinental country located in the southwest of Europe, on the Iberian Peninsula. It limits to the east and north with Spain and to the south and west with the Atlantic Ocean. It also includes the autonomous archipelagos of the Azores and Madeira located in the northern hemisphere of the Atlantic Ocean. A country of great opportunities and, therefore, today we will talk about 4 faq’s about the Golden Visa Portugal.

 

  1. Golden Visa Portugal

 The Golden Visa program was launched by the Portuguese authorities in October 2012 and is a quick way for foreign investors from countries outside the European Union to obtain a valid permanent residence in Portugal, which also allows them to travel freely in most of the European countries (Schengen area).

 

  1. Main benefits of the program

The Golden Visa program aims to provide investors with the following benefits:

  • It is not necessary to obtain a visa to enter Portugal.
  • It is not necessary to obtain a visa to travel in Europe (Schengen area).
  • It is possible to live and work in Portugal, while maintaining residence in a different country.
  • The minimum stay periods are very low.
  • Permanent residence after 5 years.
  • Portuguese citizenship after 5 years.
  • Residence extended to the investor’s family.

 

  1. Requirements for obtaining the Golden Visa in Portugal

  • 280.000€ investment in real estate and rehabilitations in eligible properties with more than 30 year or located in rural aeras.
  • 350.000€ investment in real estate and rehabilitation in eligible properties with more than 30 years or located in urban areas.
  • The acquisition of a property with a value equal to or greater than € 500,000.
  • Create at least 10 jobs in Portugal.
  • Capital transfer of 1.000.000€

Only investments made after October 8, 2012 are considered.

 

  1. Requirements that the investor must meet

 A reduced number of requirements are presented by the investor. This program requires that the investor must comply with the general requirements applicable to all types of qualified investments and also for the specific needs of each type of investment.

All investors must meet the following requirements:

  • Maintain the investment for a minimum period of five years.
  • Investment funds must come from abroad.
  • Entry into Portugal with a valid Schengen visa.
  • Absence of references in the Portuguese Immigration Service and in the services of the Schengen area.
  • Absence of a relevant criminal conviction.
  • Minimum stay in Portugal of seven days, during the first year and fourteen days in each subsequent period of two years.

 

The Golden Visa Portugal is one of the fastest plans to obtain residence for foreign investors, by acquiring assets within Portuguese territory.

At Orience International we will help you throughout the process to get your Golden Visa Portugal, contact us.

 

The latest figures (from March 15 to April 15) on the demand for real estate in Spain have recently been published. Despite the fact that domestic demand has decreased, international demand during this period has increased to around 15% of current demand.

Curiously, where the international demand during the first month of alarm has increased the most has been La Rioja community, ahead of other areas with a very important role within real estate, such as the Balearic Islands, the Canary Islands, Catalonia or Alicante.

In any case, these territories are those where international investment has always had more weight and international investors continue to be interested in properties near the coast, such as the Canary Islands, especially Tenerife or the Balearic Islands.

If we look at nationalities, the country from which the majority of investors come is the United Kingdom, followed by the US, France and Germany.

 

Why should you invest in Spain?

Spain is one of the most attractive countries to invest in, as it presents an affordable Golden Visa program with various investment options. With an excellent quality of life, the country is among the first in Europe for foreigners living in the country. With a modern healthcare system, it is in a privileged geographical position for international business.

Do you want to invest in Spain? At Orience International we accompany you throughout the process so that your investment is a success.

Source: Idealista

Last February, the Portuguese government announced some changes in the Golden Visa Portugal, restricting the Golden Visa in the cities of Porto and Lisbon and their respective metropolitan areas. Algarve was another region affected too.

According to the government, changes in law will come into effect from 2021 and aims to promote investment in other areas with low population and poorest, as well as encourage urban requalification in cultural heritage or activities of high environmental and social value.

However, and due to the coronavirus, the government has suspended the changes announced in February 2020. According to Dinheiro Vivo, Ministry of Foreign Affairs “the changes are not a priority at the moment”.

However, and due to the coronavirus, the government has put the changes announced in February on hold. A person in the Ministry of Foreign Affairs has told Dinheiro Vivo that  “the changes are not a priority at the moment” .

On the other hand, Luís Líma, president of the national association of real estate professionals (APEMIP) told that “nobody will emerge from this crisis unscathed and the country would really appreciate the millions of euros that it would receive” if the program remains open to people to buying in Lisbon and Porto.

An opportunity to invest, Golden Visa Portugal

In summary, all the international investors who want to invest in Portugal and especially in the most important cities, like Lisbon and Porto, they can do it. With an excellent quality of life, Portugal is a gateway to Europe for international investors. With a pleasant climate, good education, health and safety systems and competitive prices, it is one of the best European countries to start a new life.

 

Get your Golden Visa now!

 

A few weeks ago, we talked about the importance and advantages of having a plan B or an alternative plan, especially during the crisis situations, like the one we have now with de coronavirus. However, having a plan B, it is a very interesting option not only for crisis.

When we talk about a plan B, we refer to the fact of having an alternative residence permit or citizenship in another country. Imagine for example a chinese citizen with a second Spanish passport or a filipin citizen with the residence in Greece.

The main advantages of a plan B are that you have more freedom to choose in crisis situations. Moreover, it gives you economic, political and social independence from your country of origin and it also allows you to obtain the program for your family members.

In the video below, Nathan, from de EUA, explains us the benefits of moving to Spain and how here he can benefit from a public healthcare in comparison to the american healthcare which is very expensive.

 

 

We are specialists in obtaining the GoldenVisa. Contact us!

Since last week, and after 15 days of total lockdown, good news have come from the construction and real estate sectors. Most of the works by construction companies have been resumed, and it is estimated that there are 350 developments underway to build some 30,000 homes, which will be delivered in the coming months and years.

This figure represents 100% of the total residential development and from the sector they have explained that, thanks to the professionalism of the construction companies, the break in these two weeks can be recovered in the coming days.

Likewise, and to return to work, Seopan, the employers of the large promoters, explained that it is necessary for workers to follow the measures taken by the health authorities. As far as possible, the use of masks is recommended and that the safety distance is maintained. Also, it is recommended not to share the material or meet with coworkers during breaks.

It is important to remember that the rehabilitation and reform of buildings with residents has been stopped until further notice.

If you want more information about the impact on the real estate sector, you can read this interview to Oriol Molas.