Portugal travel tours, real estate options and Visa for Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Last 3 years, the tourism industry increased by 50%. Golden Visa Investors can participate in the very attractive short rental market renting properties to tourists generating 5% to 10% rental income. The real estate market in Portugal is booming. Portuguese investors do not bring their money to the banks anymore. Portuguese investors prefer investing in real estate properties. Since 2018, you can invest 350’000 EUR in a fully regulated Portugal Golden Visa Investment Fund creating a fast investment solution with high returns. The Investment Fund will invest in properties easy to sell and easy to rent out. It is expected a return of over 6% per year. There are no grey areas in this program. If you invest you receive the option to relocate at any given time and after 5 years you receive the Portuguese Citizenship with an EU Passport.
The initial application is now submitted online, including copies of the supporting documentation. After the request is approved by Serviço de Fronteiras e Estrangeiros (SEF), you will have to appear in person for an interview. Initially, the interview would take place in the district where the investment was made. Nowadays, however, SEF will allow you to book the interview in any district of your choice. This change has helped reduce the waiting time overall, especially in the more popular districts such as Lisbon and Faro. At the end of year 4, another renewal process takes place. It is virtually identical to the process at the end of year 2.
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: Purchase real estate property with a value of at least 500,000€ (five hundred thousand euros) or 400,000€ (four hundred thousand euros) for the Algarve as it is classed as a low-density area. See more information at Get a 2nd passport with a golden visa in Portugal.
That’s why, when writing this extensive handbook about the Portuguese Golden Visa, I enlisted the help of Alexander Dumont dos Santos—an independent lawyer with several years experience assisting clients with their Golden Visa applications. I’ve also met with dozens of professionals, including fund managers, real estate developers, lawyers, and immigration consultants—all in an effort to identify the best available paths to Portugal’s Golden Visa, and keeping this article up-to-date.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: Low minimum stay periods (7 or more days in first year and 14 or more days in subsequent years). After 5 years you will have the possibility of obtaining permanent residency or citizenship and a Portuguese passport. See extra details at https://www.idealhomesinternational.com/.