Benefit from the current Golden Visa Scheme rules

Published on 6th October, 2021

Regulations on real estate acquisition to obtain a residency or citizenship through the Portuguese Golden Visa scheme are set to change.

Act now, as time is running out. After January 2022, residential property in Lisbon, Porto, and along the coast including the Algarve, won’t qualify for the Golden Visa, plus the minimum investment level for fund subscription will be raised from €350,000 to €500,000.

This means investors have less than three months to invest in these popular areas.

The government is doing this to promote foreign investment in lower density regions to assist urban regeneration.

The Portuguese Golden Visa is one of the most popular in the world. The scheme allows investors to live, work and study freely throughout the Schengen area and after five years they can even apply for a Portuguese passport.

For high net worth individuals, a Golden Visa is a gateway to freedom. It’s not about relocating – but about creating future opportunities for family, either for an improved quality of life, access to better education, or a safe haven from political instability.

Investors can also add family members to their applications as dependents and there is no need for full relocation, as long as they comply with the minimum stay requirements of just seven days in the first year and fourteen days in each subsequent period of two years.

Our expertise in the marketplace allows us to provide a complete service – with a reliable and reputable network of lawyers, banks, rental companies and tax advisors – we can assist with the application professionally from start to finish and organise a speedy transaction.

Due to the time scale, many clients are choosing to do this virtually.

To find out more, contact Berkshire Hathaway HomeServices Portugal Property – part of one of the world’s most trusted and respected corporations. Telephone +351 308 800 878 or 0800 014 8201 free from the UK. Alternatively, email us at info@portugalproperty.com.

Published in: Guide to Portugal / News and Updates / Portugal Property / Property for sale in Portugal / Site News