Hong Kong investors take advantage of the Portugal Golden Visa

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Hong Kong investors take advantage of the Portugal Golden Visa
Reading time: 4 minutes
Published: 8th March 2021, 12:13pm
Updated: 9th March 2021, 7:30pm

Due to the recent Government announcements, Hongkongers are finding their way to purchase Portugal Golden Visa before the changes come into place in 2022

The new changes which were, once again, extended from July 2021 to January 2022 are meant to exclude Lisbon and Porto from the Portugal Golden Visa programme, where the volume of capital is just enough, and rather favour low-density regions as a residency by investment option, focusing on the territory of the Intermunicipal Communities of the Interior, as well as the Autonomous Regions of the Azores and Madeira. These changes come into force in January 2022.

In the beginning of the year, the Portuguese Government had already introduced a deadline for the changes to come into place in July 2021. This is when Hong Kong buyers were hesitant to commit as they felt they may not have enough time to do the transaction and then fly to Portugal to complete the necessary documentation. Gladly, the extension removes this barrier and investors are now able to invest in the main cities until January 2022. Better still, at Portugal Homes, we help investors secure their investments even if they’re overseas. Learn more about how our After Sales services can help you take care of your property whilst you’re away.


Read also:

Chinese and Brazilian investors were the 2020 Golden Visa nationalities that most invested


All in all, these changes mean that rather than allocating €500 million or €350 million into the scheme in Lisbon and Porto and other central cities, investors can gain residency by buying a property in a low-density region for as little as €400k or €280k.

Low-density qualified regions


 

It becomes important to mention that despite the pandemic, in May 2020 alone, the Golden Visa programme recorded an incredibly high income, heavily compensating the first third of 2020. Statistics released by SEF show that in a single month, foreigners invested over €146 million, bringing Portugal back on track for a statistically normal year. The scheme’s performance remained on the positive side of the spectrum, and, once again, the Golden Visa programme proved its value for the Portuguese economy. In fact, the Portuguese Golden Visa remained unaffected despite the pandemic as it motivated many people to re-evaluate their personal circumstances and lifestyle.


Read also:

“Golden Visas are vital for the economy”, Interview to David Poston

USA, China and Brazil on Portugal Golden Visa Top 5 in 2020


Watch the video below produced by CNBC and The Worldfolio, where David and Gary discuss the Portugal real estate market, and the country as a safe haven for incoming investors to take advantage of the country’s generous Golden Visa programme.


Read also:

Post-Brexit Golden Visa in Portugal

What are the requirements to apply for the Golden Visa programme?

The residential market in Portugal post-Covid for US citizens


If you’re an investor looking to purchase a Golden Visa in Portugal, contact Portugal Homes’ team of experts and we will address any queries you might have, giving you the best advice to move forward with your process.

We have had the privilege to successfully help clients from over 35 countries, providing them with the best eligible properties for the Golden Visa scheme. See all our Golden visa properties here!


Read also:

Confirmation! Golden Visa investor reaches Portuguese citizenship

 

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Comprar uma propriedade em Portugall

A Portugal Homes possui profissionais muito experientes e conhecedores, que trabalham com alguns dos promotores mais reconhecidos em Portugal . A nossa vasta experiência permite-nos guiá-lo pelas melhores opções de investimento.

Seja casa de férias ou uma propriedade para investimento, selecionamos as melhores propriedades para o seu perfil e tratamos de todo o processo do início ao fim. Mesmo após a venda! Os nossos serviços de pós-venda assumem a responsabilidade de mobilar a seu gosto, manter a propriedade na sua ausência, dar apoio ao arrendamento, no caso de querer arrendar e muito mais!

Para saber mais sobre Residentes Não Habituais em Portugal e sobre os nossos serviços pós-venda, preencha o formulário abaixo.

Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!

Investidor dos EUA

Very helpful. Work with his heart. Mark is a very nice advisor. 

Investidor de Marrocos

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.

Investidor dos EUA

A experiência geral foi ótima desde o acompanhamento até o pós-venda. Gostaria de agradecer especialmente ao Sr. Simon, à Sra. Francisca e à Sra. Mariana.

Investidor dos EAU

George Hobson é um jovem agradável, conhecido como conhecedor, experiente, trabalhador, honesto e disciplinado; Senti-me muito confortável em fazer facilmente o meu investimento.

Cliente dos Emirados Árabes Unidos

A Luísa é uma pessoa muito compreensível, e sabia exactamente o que procurávamos; até nos mostrou e deu-nos mais opções de escolha. Aconselhamento, hospitalidade e serviço muito profissionais.

Roshana (Zulfiqar) Mian | Hong Kong