Inducted in 2012, the Golden Visa Portugal programme is widely known as a residence visa programme, also known as the Residency-Permit-For-Investment-Activity (ARI) for non-EU nationals who require making a notable investment into the country.
There are three options choices of investment for Portugal Golden Visa eligibility, it can be made through real estate investments, secondly through capital investment, or by creating at least ten job opportunities for Portuguese nationals. The most sought-after Golden Visa option by avid investors will be real estate investment for EU-residency through the Golden Visa programme, which is broken down into two investment values, at €350,000, and €500,000.
In this article we will discuss in-depth Portugal Golden Visa property investments of €350K, which real estate licensing types are eligible according to their location in the country, along with key details that are important when investing in a €350,000 Golden Visa.
Portugal Golden Visa €350,000 Real Estate Investment Option
In this golden visa investment acquisition level, the real estate purchase amount of €350,000; must be made on a rehabilitation property of more than 30 years old; and the total cost of the property and rehabilitation project must reach the 350K amount minimum threshold. Most importantly, the location of the investment property is key knowledge in order for clients to be abreast of the Portugal Golden Visa eligibility and guidelines. The Golden Visa regulations as of January 1st, 2022, states that all real estate property purchased for investment through the golden visa programme must be situated within two regions, high- & low-density regions, which can only be eligible under specific property licensing types.
Low-density regions refer to rural areas in the interior of Portugal, where commercial, residential, and touristic property licensing is applicable. Lastly, high-density locations refer to highly populated locations in Portugal along the coastline* of the country, where eligible property licensing for the Portugal Golden Visa is commercial and touristic. *Lisbon, Setúbal, Santarém, Leiria, Coimbra, Aveiro, Viseu, Porto, Braga, Viana do Castelo and Faro.
With an investment mindset, selecting properties under commercial and touristic property licensing in a high-density region will be more beneficial to an avid investor. As the investor has a higher potential for a greater yield, and a good investment exit strategy, due to the property's prime location.
In the €350K golden visa venture, an investor may hold concerns on the rehabilitation process, but this is exactly where Portugal Homes very own Project Development & Construction department comes into play. Our company offers construction services catered to Golden Visa clients, with a sole focus on accomplishing all the essential requirements for a successful investment.
For more in-depth details on the Portugal Golden Visa changes and restrictions as of January 2022, please see the link below to an extended article and video from our CEO, David Poston.
€350K Golden Visa Portugal Requirements
For the €350K Golden Visa Portugal investment, one of the most critical requirements will be based upon the selected estate in Portugal in either a high or low-density location that must be a rehabilitation property of over 30 years old.
Additionally, the rehabilitation project must include a property renovation contract (works contract), along with a submission with proof of property acquisition; and a minimum investment of €350,000 to cover construction and property costs.
The investor must keep the real estate investment for six years (the period of the golden visa application process) and stay in the country for fourteen days minimum, either consecutively or intermittently every two years for the mandatory biometrics visa renewal.
The investment funds must come from outside of Portugal, and the applicant's (and applicant family if included) must present a valid document for legal entry and stay in Portugal, along with a clean criminal record; and no affiliation/application with the Portuguese Immigration (Serviço de Estrangeiros e Fronteiras - SEF) and Schengen services.
Advantages of Portugal Golden Visa €350,000 Real Estate Rehabilitation Option
Foreign citizens looking for European residency as a family unit can take advantage of the fantastic real estate investments with the Portugal Golden Visa programme. An applicant with a spouse, dependant child, or adopted child (underage), dependent young adult in studies (over 18 years), dependant parents of applicant or spouse, or dependent young sibling (guardianship) is eligible to include their family.
The Golden Visa Portugal offers top investment key factors such as immediate profit, guaranteed rental income opportunities, and favourable tax jurisdiction for financially conscious, and high-net-worth investors. The Portuguese Real Estate Market is highly attractive to non-EU citizens, through residential, touristic, and commercial property investments. Through the €350K Portugal Golden Visa investment option applicants are eligible for the following alluring advantages: Earn EU-Residency , Live, Work & Study , Travel Free in Schengen , and recognized as the Best Golden Visa in Europe
Our Portugal Golden Visa 350K Properties
Portugal Homes has unique property construction developments, fully designed specifically for clientele seeking Golden Visa investments. Our property listings are fully eligible under the January 2022 guidelines; moreover, the available listings are situated in prime locations of Portugal. We have on feature commercial and touristic listings located in Lisbon and the Algarve, with prospects in the future of developments in Porto, all deemed as prime locations of Portugal, which ultimately offer investors a greater opportunity for a high return on investment.
One of the latest property listings at €350,000 + in Lisbon city centre, the brand-new commercial development of the Lisbon Co-Working Space, is projected for completion in the first quarter of 2025. A Co-Working Space comprised of fifty shares of open concept work environment, featuring private boardrooms, acoustic meeting rooms, private phone booths, lounge area, shared co-kitchen and dining, members-only coffeeshop.
The Co-Working space also features amenities such as a gymnasium, locker room, games room, private parking, and a street level coffeeshop available to fellow members and passers-by. Golden Visa investment of €352,100, 1/65 of the building, 4% guaranteed net yield, and guaranteed buyback . This investment opportunity is currently accepting reservations, do not miss on this fantastic €350K+ Golden Visa listing in the heart of Lisbon!
Additionally, we have a fantastic street-level €350,000 commercial property in Lisbon, the Marvila consisting of two commercial spaces, where both units feature internal area of 155 sqm, and includes a work contact for renovations under Golden Visa eligibility.
The property renovations are currently underway and almost complete, featuring dual entry points to both commercial units, two bath, and one of units include a kitchen area, making a perfect guaranteed rental opportunity for an office or boutique shop. Investment details for Marvila commercial units with guaranteed yield of 5% for three years; and an investment yield based on the total price of €350,000 and is NET of any condominium costs and utility fees on the property.
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Frequently Asked Question about 350K Golden Visa Portugal
Who is eligible to apply for a €350K Golden Visa?
Applicants must be over the age of 18; and of non-EU citizenship; the investment funds of 350K must come from outside of Portugal, along with a clean criminal record; and the applicant must keep the investment for six years, with periodic stays in the country (14 days minimum every two years, before the visa renovation).
Which are the best areas for €350K Golden Visa investments?
The most desired areas in Portugal for real estate investment through the Golden Visa programme, for an investment of €350K or €500K are in Lisbon, Porto, and the Algarve. Keep note; there are locale restrictions under residential property for visa-eligibility, as only residential properties in low-density regions are eligible for Golden Visa.
Why should investors avoid a €350K Golden Visa investment in a low-density locale?
Clients are free to select a property that is Golden Visa eligible in a low or high-density locations; however, you must take into consideration which kind or property licensing is associated. Commercial and Touristic property is golden visa eligible in a high-density location, areas such as the Algarve, Lisbon and Porto. While in a low-density location, Golden Visa-eligible properties will be under a residential, commercial and touristic licensing.
What is the difference between a commercial, touristic and residential listing in the Portugal Golden Visa?
The difference between each property licensing is more relevant for a non-EU national seeking a Portugal Golden Visa investment, as residential properties are no longer Golden-Visa eligible in *key coastal areas of the country. For instance, a client seeking to obtain a Golden Visa residential listing in Lisbon, would no longer apply, but it will under a touristic or commercial property licence.
In the Portugal Golden Visa programme, non-EU nationals interested in obtaining residential golden visa property is strictly available in low-density regions, only in interior areas of the country as the programme regulations state (January 1st, 2022, Golden Visa Legislation).
*Key Coastal Areas: Lisbon, Setúbal, Santarém, Leiria, Coimbra, Aveiro, Viseu, Porto, Braga, Viana do Castelo and Faro.
What is a touristic property for Golden Visa?
A touristic property license applies to real estate used for hotels, or services apartments, managed by one entity for maintenance and touristic services in the building at hand. From a Golden Visa standpoint, the investor has a freehold of the unit invested and can sell the property at any time after the six-year Golden Visa process.
Which type of property licensing are eligible for the €350K Golden Visa in city centre of Porto?
Whether it is a €350K or €500K real estate investment through the Portugal Golden Visa programme, the property licensing will have to be touristic or commercial in a high-density city centre such as Porto, Coimbra, or even Lisbon. Feel free to see our extended article on the eligible locations for Golden Visa investments, here.
What are the overall costs in a €350K Golden Visa application?
Portugal Homes recommends holding around 6 % to 8% above the investment budget as purchasing real estate in Portugal has your usual property taxing, stamp duties, and fees which are part of the Portuguese Property Transfer Tax (IMT). Applicants will also require paying government fees during the application process, including any additional family inclusions (dependant family members).
There is a Stamp Duty at a fixed price at .80% of the property purchase price, which payment will be made before the deed transfer, and finally, an application renewal fee of 539.66 per applicant (should the primary applicant have dependants) that applies every two-years during the update of your biometrics in Portugal over the investment period of six-years.
Lastly, as of recent news this past month in February, the Portuguese government, there has been non-official news released to the public on the end of the Portugal Golden Visa programme; however, this news is off the record, as the Portuguese parliament requires taking a vote on its final decision to maintain or end the programme. Currently, non-EU nationals seeking to obtain real estate investments through the Golden Visa programme are eligible and valid.
Our CEOs and Investment directors suggest that now is the best time to invest in property through the visa programme, taking advantage of remarkable investment opportunities such as our 350K Portugal Golden Visa Lisbon Co-Working space; get in touch with Portugal Homes today!