Portugal has introduced in 2013 a program for real estate investors from outside of the European Union. By investing into real estate in Portugal real estate investors can obtain a permanent residency in Portugal. Lisbon has seen a lot of activity with Chinese and Russian golden visa real estate buyers, in 2014 the Algarve is definitely on the radar of the new golden visa real estate buyers with many purchasers looking for investment properties. From luxury apartments in resorts as Vilamoura, vale do Lobo and Quinta do Lago to stand alone villas in Lagos, Carvoeiro, Albufeira, Loule, Olhao and Tavira.
To apply citizens involved in either investing individually or through a company may operate in Portuguese territory for a minimum period of five years by Investing real estate in Portugal with the minimum value of euro 500.000
Transfer of capital with the value of euro 1Million or more
Create a minimum of 10 job positions.
As most golden visa investors will opt for option A, namely the purchase of real estate for the value of euro 500.000 or more they will need to give evidence of the following.
Public deed or promissory share purchase agreement of the property with declaration of an authorized financial institution stating the transfer of capital to its acquisition.
As well an up to date certificate issued by the real estate registry must be shoed upon.
For full details we always advice to enlist the professional assistance of a Portuguese registered lawyer or law firm.
Rua Ernesto Cabrita
Edificio Vales, Loja -A
8400 387 Lagoa - Algarve - Portugal
Tel.: +351 282 353 019
Fax: +351 282 381 421
Mobile: +351 918 024 082