UK citizens and Portugal’s Golden Visa

The Golden Visa scheme is a relatively affordable investment option enabling non-EU/EEA citizens to fast track and obtain a special residence permit in exchange for a 5-year investment in Portugal. Since its inception in 2012, the scheme has raised nearly €5 billion for the Portuguese economy with over 8,000 Golden Visas being granted through the purchase of real estate.

As January’s Brexit partially removed free movement across Europe, UK citizens are now able to apply for Portugal’s Golden Visa. If you are a British national, the programme offers you the right to free travel across the Schengen area.

The Portuguese Golden Visa is one of the most popular not only in Europe but in the world, due to property prices which are one of the lowest of all the EU capitals. 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 one’s 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.

Portugal is one of the safest countries to live in the world and offers an affordable quality of life, a good healthcare and education system, well-connected airports and the best climate in continental Europe. In the main cities of Portugal, investors can expect a return on their investment of around 10-12% every year. With strong tourism, investors can place their properties on the short term rental market and generate rental income of between 4-10% per annum.

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

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: Site news / Property for Sale in Portugal / Portuguese Life / Portugal Property / News and Updates / Guide to Portugal