Golden Visa in Portugal
The Golden Visa in Portugal now enables non-EU property investors to obtain a five year residence permit (the ‘Golden Visa’) enabling them to enjoy all the benefits that a Portuguese way of life can bring them and their families.
Effective since August 2012, as well as providing a way of obtaining Portuguese residency, the Golden Visa in Portugal provides non-EU citizens with many additional benefits. Once the residence permit is granted there is the flexibility to reside outside of Portugal providing that the property investor spends a minimum of 7 days in the first year of residence in Portugal, and 14 in each of the following 2-year periods. The Golden Visa in Portugal also provides free travel in the European Union and Schengen countries so there is no need to apply for a visa to travel to Europe anymore. In addition a family reunion visa enables family members to be granted a residence permit as well allowing families to live, study, travel and work freely in the entire European Union. The Golden Visa in Portugal also brings Portuguese citizenship; after 6 years of official residence, you can apply for a Portuguese passport. And finally, a Portuguese passport means that it will be much easier to go and live in another European country.
The main requirement to be eligible for the Golden Visa in Portugal is to buy property that has a value of at least 500,000 Euros; this can be done either individually or in co-ownership with other property investors as long as each individual co-owner invests at least 500,000 Euros. Once purchased the property can be rented out, which is a very attractive option as rental yields in Portugal on average still remain one of the highest in Europe; renting your property out over the summer will easily cover all or the majority of the property’s annual running costs.
Soak up the sun on the Silver Coast’s unspoilt golden beaches before wandering to one of the local seafood restaurants for a delicious dinner of barbecued sardines and shellfish and excellent local white wine; visit the sleepy landscape of Alentejo – the real Portugal that has remained practically unchanged for centuries, exploring empty roads, pretty white villages and sprawling fields of vines and olive groves; enjoy the rich medieval history of Lisbon by taking a trip on wooden tram No. 28 which rumbles through the city’s prettiest and most historic streets past ancient churches and ornate houses before enjoying an apéritif of chilled white port; with golden beaches, sparkling blue seas, gentle rolling hills and medieval towns and villages, Portugal provides a wonderful opportunity to enjoy a superb climate, a slow and easy pace of life and a stable economy.
From the glittering waters and beautiful fishing villages of the Silver Coast to the Algarve’s lush green world class golf courses and the chic bustle of Lisbon, Portugal is a country with something for everyone. Whether you're looking for a villa in the Algarve, a converted farmhouse in the country or an apartment in Lisbon, there is a great range of property in Portugal.
The Silver Coast is just one hour away from Lisbon and is a beautiful region of golden beaches, gentle rolling hills, ancient forests and vineyards. Property in the area is becoming increasingly sought-after with buyers attracted by the prospect of an excellent return on investment. There is a good range of property to choose from with modern luxury villas with fabulous sea views starting from 500,000 Euros with some being right by the beach!
For golfing enthusiasts, the Algarve beckons offering quintessential white-washed villas surrounded by vivid blue skies, turquoise waters and lush green grass. Investing in a property in the Algarve means you can enjoy luxury golf courses, great restaurants and a lively night life at the end of a long day spent on what are considered to be some of the world's most beautiful beaches. One new development, The Keys at Quinta do Lago provides contemporary luxury and glamour with a starting price tag of million Euros and offers stunning villas with waterfront views, multiple swimming pools, tiered-seating cinemas and championship golf courses on the doorstep.
For those wishing to discover the ‘real’ Portugal then looking in the wildly beautiful and unspoilt region of Alentejo could be a good choice. Property in Alentejo tends to be 18th or 19th century renovated country houses surrounded by olive groves and gardens although there are also modern villas built in the traditional style to keep cool rather than soak up the sun.
In Lisbon itself, property mainly tends to be apartments - some in converted 18th century town houses and others in a more modern style. For the best of both worlds try Cascais or Estoril – chic seaside resorts just a twenty minutes drive away from Lisbon which both offer an excellent long term property investment. The range of Cascais & Estoril property is diverse ranging from charming central traditional townhouses and modern apartments to beach front apartments and penthouses and stylish designer villas overlooking the beautiful bay.
The Golden Visa in Portugal provides a fast and relatively easy way for non-EU citizens to enjoy the benefits of living and working in a country which boasts a superb climate, friendly and charming people, a beautiful and diverse landscape and culture, wonderful food and wine and a transparent and open property market. Whether you choose a seaside penthouse, a luxury villa or a converted farmhouse, you can be sure that the Golden Visa in Portugal is your gateway to enjoying a wonderful way of life!
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
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