The Portugal Golden Residence Permit Program: What Are The Benefits?
Application to the Portugal Golden Residence Permit Program
Portugal’s Golden Visa program is one of the most popular investment opportunities for non-EU foreigners who intend to apply for Portuguese residency and EU membership, although it will change in January 2022.
The program is not coming to an end, and there are still some outstanding investment options lawfully available that will qualify you for a Portuguese Golden Visa in the future. With offices and employees in London and Lisbon, we are well-positioned to assist and advise customers regarding Golden Visa opportunities and travel to Portugal and will personally accompany you through the application process from start to finish.
Whether you are interested in purchasing residential or commercial real estate, or even a fund, we will offer you some extremely attractive possibilities.
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Overview of the Portugal Golden Residence Permit Program
The Portugal Golden Visa Program is one of the most advantageous options for foreign investors or third-country nationals seeking to get a residence permit in Portugal through investment operations carried out within the country’s borders.
Holders of a residence permit already have the ability to reside in Portugal and to travel freely throughout the 26 member countries of the Schengen zone.
The key advantages of having permanent residence status are the numerous investment options they are entitled to, the speed with which applications are processed, and the low requirement for residency.
As a result, the Golden Visa program has become the fastest-growing investment immigration program in Europe.
How to Apply for a Golden Visa in 2022
There are three ways to apply for a Golden Visa.
1.Investing in commercial real estate
For example, persons who purchase residential property in high-density coastal areas will no longer be eligible to apply for a visa, which was previously available to them. In previous years they may apply for a Golden visa.
However, commercial assets such as supermarkets, offices, and logistical facilities located in densely populated areas have remained unaffected by the floodwaters. This implies that you can still apply for a Golden Visa if you make an investment of €500,000 or more in Lisbon’s strong commercial real estate market, albeit the process will take longer.
Aside from the Golden Visa program, there are a variety of other compelling reasons to invest in Portuguese commercial real estate, including its stability, consistent returns, and capacity to hedge against rising inflation rates.
2. Investments made through funds
When it comes to obtaining a Golden Visa in Portugal, real estate acquisition is the most common method to register, with only 7 visas given in 2019 through financial investment. However, this is beginning to change. Over the past two years, the option of investing in mutual funds has become increasingly popular.
Compared to residential property investment, the minimum amount of investment required has increased to €500,000 (from €350,000 previously), but unlike residential property investment, it does not matter whether the fund that clients choose invests in residential properties in major cities such as Lisbon or Porto.
For individuals wanting a hassle-free investment, investing through a fund offers a number of advantages over traditional real estate purchase methods, including lower acquisition costs and a lack of involvement on the part of the investor.
3. Investing in areas other than Lisbon
If you have ever dreamed of applying for a Golden Visa and having a beautiful Portugal address for holidays or even permanent residence, do not give up hope.
Residential properties in Portugal will still be available in 2022, despite the current economic climate. While residential properties in Lisbon are no longer eligible for a Golden Visa, properties in the interior or low-density regions such as Comporta, Melides, and the Azores are still eligible for the program.
These are all wonderful destinations in their own right, with a diverse range of cultural and recreational opportunities. Accordingly, the lawful minimum amount of investment in most places has been raised to €500,000 (the same investment value as the fund) as of 2022.
What are the benefits of the Portugal golden residence permit program?
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