Can you get European Residency with commercial real estate investments?

PUBLISHED ON 
21.6.2020

Not many know that apart from residential property investments, you can buy commercial properties, which are also eligible for the Golden Visa Program.

Golden Visa Commercial Properties in Portugal

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How much do you need to invest?

A standard rate is applied to commercial properties, which is completely the same when buying residential properties.

–        Minimum 500,000 Euros for new properties

–        Minimum 350,000 Euros for old properties more than 30 years that need renovation

–        Minimum 280,000 Euros for old properties more than 30 years that need renovation, located in low-density areas

Your obligations

–        Keep the investment for a minimum period of 5 years (during this period you can sell the property, but if you don’t buy another property, you will lose the residency)

–        Visit Portugal at least 7 days per year (no condition living in the country)

Types of commercial properties you can invest in

–        Offices, coworking spaces

–        Leisure (hotels, restaurants, cafes, sport facilities)

–        Retail (retail stores, shops)

–        Healthcare (medical centers, hospitals, nursing homes)

–        Industrial (warehouses, factories)

What to consider when choosing a commercial property

–        When some of our clients prefer to go with a low-risk option, we try to look for properties that are already with the signed lease contract (operating shops, restaurants, offices, etc.) Important: always check the duration of the existing contract, ideally your lawyer should check the contract before you purchase the property).

–        Others are concentrated on generating the highest income possible and in order to find the most profitable options, our team analyses the market, location, property and it’s potential.

–        Location and transport options are the keys to success in commercial properties.

–        If it’s not a new property, always ask why the previous owner is selling it

–        You need to check if any additional investments like renovation are required and if yes ask for the price estimation of works

–        If the property is not rented already, ask yourself how you will find the tenant. DRP Advisers help all of our clients to find tenants in a short time possible.

Sometimes investing in commercial real estate in Portugal is a higher risk, but in the end, it is a higher income on investment than with residential properties. We highly recommend you to hire a lawyer when purchasing any property in a foreign country, thereby you will protect your investments.

Do you know that lawyers at DRP Advisers, unlike many other lawyers in Portugal, don’t charge for the property purchase?

If you are interested in buying commercial properties in Portugal and applying for EU residency for the whole family, please contact DRP Advisers. We will select the best commercial real estate for your requirements and provide full support during the purchase and Golden Visa process.

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About DRP Advisers

DRP Advisers is an expert in Real Estate investments and Golden Visa Program. For many years we have been helping clients to find the right properties in Portugal. We use our extensive connections within the industry to access suitable investment opportunities ahead of the competition.

With a cosmopolitan team, our secure network of lawyers, real estate brokers, property managers, mortgage advisors are here to guide you every step of the way through your investment journey.

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To find out more, please contact us:

E-Mail: renata@drpadvisers.com

Phone: +351 912 585 085

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