It is worthwhile to pursue Portuguese residence in this unique European country due to the good quality of life, beautiful environment, and tax incentive programs offered by Portugal. To encourage foreign investment in Portugal, the government offers a residency by investment scheme known as the Portugal Golden Visa program to foreign nationals who make certain qualifying investments in the country.
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Picture a better quality of life, beautiful weather, welcoming locals, and easy access to the flawless shore. For many of the same reasons, non-EU citizens are flocking to Portugal in search of real estate.
If that isn’t persuasive enough, here are some further reasons to consider investing in real estate:
As it is with any other government program, particular financial requirements shall be met if you want to become eligible for a Portugal Golden visa by real estate investment. An Immigrant Invest specialist Victor Esik points out the main rules:
Since January 2022, however, foreign nationals seeking a Golden Visa may no longer buy a residential property in some specific regions of the country: https://immigrantinvest.com/blog/portugal-golden-visa-real-estate-changes-en/.
Porto, Lisbon, and most of the shoreline, including the Algarve and the Silver Coast, are no longer viable investment options under the new laws, which only recognize residential property in continental Portugal’s interior regions and in the Azores and Madeira. While residential properties in these areas are not eligible, commercial ones are.
A Portugal Golden Visa may be obtained in exchange for one of five different forms of investments: the purchase of real estate (mentioned above), participation in an investment fund, the transfer of cash, the creation of new jobs, or a charitable contribution. As you may guess, all these methods are characterized by different Portugal golden visa costs.
There are particular requirements that should be met to get a Golden Visa in Portugal. First, you have to find specific Portugal golden visa property for sale. Be sure to verify its status and whether it is appropriate for residential or commercial purposes as it directly affects the cost. And then, just make your investment, i.e. buy property in Portugal, and a golden visa will follow afterwards. After obtaining it, you can easily start living your EU dream right away!
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