Invest in Portugal real estate and get a visa – How it works step by step

‍Investing in Portugal 

If you want to invest in Portugal through the Golden Visa Program, there are several options. You can invest in Portugal property from North to South, in residential and commercial properties with a minimum amount of investment of €280.000, €350.000 or €500.000 depending on the project you choose. In brief, the options are:

Classic Real Estate Investment: The minimum amount (and the lowest) required is €280.000, and the property needs to be older than 30 years old, renovated and located in a low-density area;

Urban Rehabilitation Real Estate Investment: Promoting urban rehabilitation by getting an urban property for the minimum amount of €350.000;

New property Real Estate Investment: Invest in a brand-new property is the ultimate option. The minimum amount required is €500.000 to invest in those.

Regardless these options, there are a few restrictions on the area you can invest. In areas such as Porto, Lisbon, Algarve and other coastal towns is only allowed investing in commercial properties and hotels. In the other areas of Portugal, you can invest in both residential and commercial properties. 

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Portugal is, Europe’s most diverse and beautiful country lying along the Atlantic Coast of the Iberian Peninsula in south western Europe. The history of this comparatively small country has shaped its people. Friendly and hospitable, the population of this powerful seafaring nation of pioneering explorers will welcome you with open arms and delight you with its affable ways. From verdant forests, stunning mountains, rustic villages and rushing river valleys to fairy-tale castles, wide estuaries, bustling cities excellent, affordable food and 365 days of sun.

The Lisbon area is one of the most wanted areas for investors, due to the fact that is the most important city in Portugal as it is the capital of the country and one of the oldest cities in the world. It sits on charming hills enjoying a unique geographical location, to which it owes its recognition as a cosmopolitan city. You can view some properties to invest in, here. 

Porto was qualified for several consecutive years the most wanted city for tourism. The city is made up of brilliant architecture, many places to visit and activities to do. It is thanks to all this that the city has increased its hotel resources to attract and receive even more tourists.

Alentejo, Évora is the city that constitutes the history book of Portuguese art with origins in Roman times, in the center-south of Portugal – the Alentejo. Due to its long history and the fact that the urban architecture of the 16th and 17th centuries has been preserved, it led UNESCO to classify Évora as a World Heritage Site. Alentejo is a popular area for holidays or just a few days of rest in the typical tranquility of this area.

Algarve is the region that receives most tourists visiting Portugal. With a mild climate and plenty of sunshine throughout the year, it is the favorite holiday destination for both Portuguese and foreigners. Sandy beaches, bordered by golden cliffs, almost deserted islands and an ocean in all shades of blue that invites you to take a long bath and practice water sports.

Madeira, it has the majesty of the valleys and mountains, the luxurious blue of the sea, volcanic landscape and an exuberant vegetation. It is in the diversity of the natural beauty of this island that is the main driver of tourism and real estate interest, where there has been strong growth. The island of Madeira was considered the Best Island Destination for six consecutive years thanks to the expressiveness of its fascinating and diverse nature. 

According to the European Best Destination, the Azores Island has the most beautiful landscapes in Europe. Tourism in this region has a strong influence on the economic development of the Azores, representing an opportunity for real estate investment, whose accommodation options are a significant part of the attractive material that excels in rural tourism, local accommodation and diversity of hotel infrastructures.

What are the benefits of investing in Portugal

Through the Golden Visa Program, invest in Portugal real estate have plenty of benefits, such as:

• Investments start from 280,000 Euros
• Real Estate booming market
• Passive income from your real estate investments
• Visa-free entry to the Schengen area countries
• Free transfer of funds to Portugal
• Opportunity to work and conduct business in Portugal and EU
• Minimum stay requirement in only 7 days per year
• Dependent children and parents can also be included in the application
• EU Residency
• Obtaining Family Portuguese Citizenship after 5 years
• Becoming a non-habitual resident of Portugal paying little or no tax at all for 10 years, is an option you can apply for
• The Program is not blacklisted by the OECD
• Free EU Education for the children
• Easy investment exit with possibility to sell the property after 5 years and benefit from price appreciation
• Magnificent country with great hospitality and even better cuisine

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How to get a Visa by Investing in Portugal Real Estate

You just need to invest in Portugal real estate and then apply for Golden Visa.

The Golden Visa in Portugal is a 5-year program, even though divided into 3 residency cards with 2 renewals. You’ll need to maintain the investment for the 5 years requested. By the end of 5 years, you can apply for citizenship and, consequently, obtain your second passport, or apply for permanent residency.

The Procedure to obtain the Portugal Investor Visa is quite simple. The step-by-step process is the following:

Step 1: Signing a contract with a law firm for the provision of Golden Visa service

Step 2: Sign a power of attorney for lawyers to act on behalf of the client and submit for Tax number and open a bank account in Portugal

Step 3: Choose the right investment together with our team

Step 4: Make the investment

Step 5: Gather the documentation and submit online the Golden Visa application to SEF

Step 6: Biometric data appointment with SEF

Step 7: Golden Visa approval

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Please note you will need to come personally to Portugal when submitting the biometrics; all the rest can be done remotely with the DRP Advisers Remote Assistance Services. Also, the funds for the investment should arrive from outside of Portugal. Although, the investment has to be made from a bank account in Portugal. 

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If you’re interested in investing in Portugal real estate and get a Visa, book an appointment; it will be a pleasure to help you.

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