An investment in real estate is the most popular investment option when it comes to Portuguese Residency program, Mann’s Solutions team decided to prepare an overview of the top reasons to buy real estate in Lisbon.
The Portuguese economy develops itself yearly resulting in country’s GDP growth, which has grown to 2.4% by Q4 2017. Talking about unemployment, the unemployment rate has been declining significantly, by more than 10.1% in January 2017.
Being one of the most famous cities in the country and Portugal’s capital, Lisbon provides the best opportunities for professional workers and young entrepreneurs with its large, growing, and qualified consumer market. The prime market prices of Lisbon are already around 10,000 EUR per square meter, which makes it more expensive comparing to other regions. The quality of life in Lisbon is great, there are well-developed facilities and the atmosphere of the city is magnificent.
Taking into consideration that Portugal and Madeira are some of the best places to live and retire, investment in Portugal real estate is not only profitable but is also an investment in your future. Nowadays, the property market in Portugal is well-established, continues to grow every year, and offers to sell property freehold as there are no restrictions.
For example, in 2018, residential property price growth amounted to almost 23%. Additionally, over the last 5 years, property prices in the most popular districts have risen exceedingly (by up to 60%).
Portuguese Residence Permit grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include 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.
The Non-Habitual Tax Resident regime grants an exemption on foreign source income. Besides, the regime grants limited taxation on income deriving from high value-added activities. The Portugal Golden visa also allows non-EU investors and their families to travel to the entire Schengen area.
Portugal Golden Visa, grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include 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.
Portugal boasts an excellent reputation and is considered one of the world’s most globalised and peaceful nations. The country offers high quality of life and one of the highest Human Development Index ranking. Portugal is among the oldest nations in Europe and country offers rich history, exceptional local cuisine, lively culture, stunning rocks and beaches, and peaceful countryside.
Portuguese Residency Program, requires at least four trips to Portugal during the five-year period: 2 should be done at the initial application (to choose the qualifying investment option and to start the legal process and at each renewal (year 1 and year 3). Also, the family reunification is possible at any stage of the program.
Portugal Golden Visa or Portugal Residency by Investment Program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit. Portugal residency allows the whole family travel without visa to all Schengen Zone countries and gives access to high-standard education.
Obtain Portugal Golden Visa and become a permanent resident of Portugal by choosing one of the following three qualifying investments below with requirements of maintaining the investment for a minimum of 5 years from the date the residence permit is granted.
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Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).
For further information or to discuss your personal circumstances in a private consultation with our immigration lawyers in London Office, please contact us at email@example.com or call +44 207 993 63 46.
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