The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the Schengen zone. The program provides a wide range of investment options, including creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built within low GDP or low populated density areas.
In order to become a permanent resident of Portugal our clients are primarily choosing one of the qualifying investments, which is investment into property, usually our clients are investing in average €350,000 into property projects in Portugal.
Nowadays, international investors developed interest in the island of Madeira, just 900 km off the Portuguese mainland, may as well be the best venue in the country for investment residency.
Madeira features a favourable climate as well as rich history and culture and established as all-year tourist destination. The island has even better real estate prices than mainland Portugal and impressive corporate tax benefits authorised by the EU.
While the property prices in Lisbon and Algarve have gone up sharply, the Madeira real estate is generally 7% cheaper now than in 2010. Another benefit for foreign investors: Madeira processes Portuguese RIP applications faster.
Moreover, investors may mix both RIP and MIBC programmes with the Non-Habitual Resident tax scheme. This provides lucrative 10-year personal tax exemption on income generated outside of Portugal – provided that some conditions followed by investor.
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Mann’s Solutions is international immigration law firm with offices in London, Hong Kong, Istanbul and St Petersburg and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration lawyers regulated by OISC (Office of the Immigration Services Commissioner).
For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at firstname.lastname@example.org or call +44 207 993 63 46.