Portugal is one of the oldest countries in Europe and also one of the most globalized and peaceful nations. A relatively small country of approximately 10.2 million people, Portugal boasts a rich history, a lively culture, exceptional cuisine, a mild climate, stunning beaches and an idyllic countryside. All of which are attracting more and more people to want to retire or own a second home there.
A member of the EU and Europe’s Schengen Area, Portuguese is the official language, but English is also widely spoken, particularly by younger generations and especially in the tourist regions.
The Portugal Golden Visa programme has proven to be the most popular scheme in Europe for non-EU nationals. Investors attracted by its flexibility and benefits such as the right to live, work, and study in Portugal and free access to Europe’s Schengen Area. With investment options starting from €250,000 it is possible to gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
The programmes’ qualifying options are:
1.Investment
-€400,000 in a low population density area*
-€200,000 in a low population density area*
2. Property
-€400,000 in a low population density area*
-€280,000 in a low population density area.
3. Job Creation
*The threshold will be reduced by 20% should the funds be committed to a low population density area, defined as less than 100 inhabitants per km² or with a GDP per capita below 75% of the national average.
The residence permit is valid for a period of one year after issue and renewable for two subsequent periods of two years.
The Golden Residence Permit Programme requires at least four trips to Portugal during the five-year period: twice at the initial application (to choose the qualifying investment and start the legal process, and to provide the biometric data) and at each renewal (year 1 and year 3). Family reunification is possible at any stage of the programme.
In relation to those who are resident in Portugal, including those who follow the residence-by-investment programme, it is possible to apply for citizenship after five years of legal residence in Portugal, if:
In order to create more favourable conditions for citizenship approval, the applicant may demonstrate tangible connections with the Portuguese community.
Portugal allows dual citizenship.
A strong tourist market and retirement destination, especially favoured are master plan integrated communities such a golf courses which makes for a healthy and sustainable property market. The Algarve also attracts prime seafront developments whilst Lisbon has seen a growth in investment properties because of the Golden Visa programme.
We showcase properties across the country and select only those we consider offer something a little different and will always be in demand when the time comes to sell. The figures quoted for rental yields and capital appreciation are independently validated via annual real estate reports. As are the market prices. We only recommend companies with a proven track record not only in construction and on time delivery but as importantly in looking after our clients.