Travel objectives and Portugal real estate opportunities for entry visa to Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! How to be a successful real estate investor in Portugal? The real estate market suffered due to the financial crisis of 2008. However, there is a huge demand for properties from 500’000 EUR and more. Investors buying real estate in the capital Lisbon have tremendous growth potential. Advice is highly recommended for Golden Visa Investors as there are clears distinctions between vacation properties on the coast of Portugal and city properties located in the main cities. Everybody can buy property in Portugal. There are no restrictions on your nationality or residency. Real estate investments in the center of the main cities are the most attractive investments.
In the first two years, you must spend at least a total of fourteen days in Portugal. To renew your residence permit and receive a new residence card, you need to go through a renewal process about one month before your current residence card expires. During the renewal process, you have to retake biometrics (fingerprints, etc.), provide up-to-date criminal records, and pay a fee of €2,637.20 for each applicant. Additionally, the processing fee is again €532.70 for the first applicant, and €83.10 for other applicants (family members). Your new residence card is again valid for two years. During this period you again need to be in Portugal for at least 14 days (consecutive or non-consecutive).
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Make a capital transfer of at least 500,000€ (five hundred thousand euros), for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies that, in turn, must present a feasible capitalisation plan. Read extra details at Get a 2nd passport with a golden visa in Portugal.
While the program has benefited more than 6,500 foreign investors so far, it has also been beneficial for the Portuguese economy. As of this writing, the total investment into Portugal as a direct result of the program has reached a whooping €4,851,321,701. That’s almost five billion euros. That’s great news for prospective investors, as the program has broad support from nearly all political parties in Portugal. While a conservative government introduced the program in 2012, the current socialist coalition government has even expanded the program since seizing power at the end of 2015.
Initiated in 2012, the Portuguese Government’s Golden Visa Scheme has reportedly seen nearly 5 billion euros already invested into the country and over 8,000 third country nationals granted temporary residence permits (14,000 people if you take into account their direct dependents). It is easy to see why it has been so successful as Portugal, with its warm climate, gorgeous beaches, fine cuisine and laid-back attitude, remains an extremely attractive proposition for those looking to live, retire or invest abroad. See more details on https://www.idealhomesinternational.com/.