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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.
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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.
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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.
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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!
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