In these two exclusive webinars, our CEOs discuss in depth which premium areas of Portugal are best suited for property investment and provide a general idea of the Portuguese real estate market. The webinar clarified the ongoing situation regarding the end of the Golden Visa Programme in Portugal.
The main points discussed by our CEOs, David Poston and Gary Harland, provided the current information on the continuous and onward implementation of the Portugal Golden Visa programme, its possible end on May 19th, 2023. Moreover, presenting existing and new client’s concrete information on the visa regulations, and the latest real estate investment opportunities for you to invest before any new regulations are established for the programme this year.
At this moment the proposed decision for the Portugal Golden Visa bill at the end of the programme is at a standstill, and the Portugal Golden Visa programme is fully eligible and ongoing for new and existing clients who already placed their applications. The bill on the Golden Visa includes various housing matters, ranging from long & short residential rentals, social housing for low-income rental accommodation, and lastly, the Portugal Golden Visa programme that is focused on real estate investments on commercial and touristic property in high-density (coastal) regions, and residential properties situated in low-density regions (interior) of the country. These high-density regions are considered highly populated territories such as Lisbon, Setubal, Leiria, Coimbra, Aveiro, Viseu, Porto, Braga, Viana do Castelo and Faro.
Learn about the eligible Golden Visa regions, here!
As soon as the official bill is passed through the Portuguese Parliament on May 19th, 2023, the final outcome will be the termination of the visa programme. However, this is important to understand that all clients will have a time allowance (either 30 days, 6 months to a year) for clients to still place a Golden Visa. In the past, the Portuguese government always provided a timeframe prior to be the absolute end. The end of the Golden Visa will be officially announced on a government official press site, which is called the Gazette (Diario da Republica) in Portugal, and this will be presented within one to two weeks; once that is placed it will act as the final date for Golden Visa submission.
Clients looking to invest through Golden Visa, once a property is purchased, the first step will be to secure a bank declaration for your funds and register your property, this process will take a few days.
Alongside the above information, the following key documentation must be presented:
After the full documentation is presented and submitted to SEF (Immigration and Borders Service), the initial submission process should take about three to four weeks minimum (time allowance provided by the government) for the Golden Visa. As the 5-year programme has undergone several changes, normally from experience the Portuguese Government provides a year allowance granted for new client submissions prior to changes/termination, and we are expecting the same for the passing of this new bill.
After you have made your real estate investment (minimum 280K), the client after five years can apply for citizenship. One of the main reasons the Golden Visa in Portugal is so popular is due to the splendid advantages for non-EU nationals with: the opportunity of earning EU residency; freedom of travel within the EU Schengen Zone; and being able to study, work, and live in Portugal. Best of all, the programme is great for families, as it allows for family inclusion (spouse, children, dependents, parents).
Portugal Homes offer Golden Visa property investment options of €280K, €350K, €400K, and €500K+, and most importantly are fully focused in prime locations of the country, such as Lisbon, Porto, and the Algarve region. One of our main attractive property listings under the Golden Visa programme in the city centre of Lisbon will be the Mátria Co-Space, a state-of-the-art co-working property development that has been fully refurbished to offer more than sixteen luxury amenities. Mátria offers a range of world-class amenities, fulfilling the needs of modern business-minded individuals. The co-working property development features spaces designed for collaborative work areas, private offices, virtual offices, private boardrooms, and private gym facilities.
A Golden Visa property investment of €352,100 guarantees investors a 1/65 share of the building, a 4% guaranteed return, and a guaranteed buyback at the end of the Golden Visa application. Mátria Co-Space is situated just 1km away from the famous Avenida da Liberdade, known as the Champs-Elysees of Lisbon. The boulevard is over 90m wide, and its elegant design makes it the most expensive street to rent or buy property in Portugal. This commercial building is a highly desirable investment opportunity for avid investors.
All existing clients with an application will not suffer any consequences from this proposed new bill passing towards the end of the golden visa programme. For clients who invested in Golden Visa with Portugal Homes, please contact us for any additional questions or concerns, we will clarify any Golden Visa-related queries.
Yes, Portugal Homes can fully assist clients looking to invest right now before May 19th, 2023! Portugal Homes has property and investment advisors actively working with clientele every day, providing the best advisory, and best real estate options according to specific investment budgets (€280K, €350K, €500K, €500K +). Our company also has extensive services with Tax Representation for our Golden Visa clients and additional home care services with our After Sales Department.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Very helpful. Work with his heart. Mark is a very nice advisor.Investor from Morocco
Everything was perfect. I got all answers about my questions.Investor from Turkey
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE