The investment visa in Portugal, also known as Golden Visa, offers foreign entrepreneurs the opportunity to acquire a residency permit through the investment of a minimum amount on a Portugal real estate, as well as the chance to benefit from the advantages of living in Portugal, where there is the perfect Mediterranean weather, and the cost of living is low. With this investment visa in Portugal, the non-European investors and their families have the right to live, work and study in the country with tax advantages for their purchased property, as well as the chance to have a better quality of life.
The investment Visa
The Golden Visa Portugal was approved in 2012 and has benefited Portugal’s economy. An estimated amount of six billion euros have been invested in the country, which greatly emphasizes the importance of foreign entrepreneurs that invest in Portugal. The affordable prices in real estate makes Portugal the target location for investors to establish a business that has a great potential.
In fact, the sale of properties for investment increased by 23% in May of 2020, during the first months of confinement due to the pandemic, surpassing the €146 million.
Benefits of the Golden Visa Portugal
The investment visa in Portugal gives foreign entrepreneurs the chance to live in one of the top safest countries in the world that offers access to 2 of the 10 best European universities, ensuring the best quality in health services and in international education. A great quality of life can be achieved without giving up on certain luxuries, such as dining in high-rated restaurants for an affordable price compared to other European countries.
Additionally, Portugal is home to a large community of international entrepreneurs from around the globe, turning the capital of the country, Lisbon, into the center of a huge digital and tech startup melting pot for entrepreneurs to share their knowledge and develop their businesses.
Who can request it
The investment visa in Portugal is available for all non-European real estate investors and their respective family members that invest a minimum of €280,000 in a property. Once the investment visa is granted, the permit holders will be eligible to reside in the country, travel freely within the Schengen area without the need of an additional visa, and after renewing the residence permit two times for every two years, by the end of year 5, they will have the opportunity to apply for the 7th most valuable passport in the world and obtain the Portuguese citizenship.
New updates of the Investment Visa in Portugal
However, the new updates for the investment visa in Portugal will encourage foreign investors to target other areas of the country with low population, rather than in the more popular cities, such as Lisbon, Porto, Braga and the Algarve. The update in the requirements for the Golden Visa Portugal, which will be effective in January 2022, will encourage investors to target the Autonomous Regions of the Azores and Madeira, among others, which will contribute to a more balanced environmental and social status of the country.
The best options to avail for an investment visa in Portugal are:
- Investment fund of €280,000 – the property to be purchased must be a rehabilitation project (at least thirty years old and undergoing renovation) located in a low population density area, such as in the Autonomous Regions of the Azores and Madeira.
- Investment fund of €350,000 – the acquired property must be at least 30 years old and in need of renovation. The investor can purchase the property located in urban areas, such as in Lisbon or Porto.
- Investment fund of €500,000 or more – the investor can purchase a new, restored or old property in their preferred area of Portugal, perfect for foreigners that are looking for a second home or a retirement destination.
Nevertheless, the new update in the program will only allow the purchase of real estate in the interior territories or in the Autonomous Regions of Azores and Madeira until January 2022 for both the €350,000 and the €500,000 investment options.
Our team in Orience International will help you decide on the best investment option for you and your family, and will accompany you throughout the process.