Portugal Golden Visa: Property Taxes and Fees

March 3, 2021

The common question our clients are asking is “What are the Portugal Golden Visa Taxes and Fees I have to pay besides the Investment amount itself?”. To make the application process easier and more transparent, Mann’s Solutions has prepared the detailed list of Portugal Golden Visa Property Taxes and Fees.

Portugal Golden Visa is one of the most popular and exiting Residency by Investment Programs within Europe. Besides, Portugal is a great destination for living, studying and investing. The popularity of the program increases every year and one of the most popular investment options is Property Investment.

The Total Price of Portugal Golden Visa and Taxes

Qualifying Investment Options

There are three qualifying investments options for Portugal Golden Visa, with requirement of maintaining the investment for a minimum of 5 years from the date the residence permit is granted.

 

1.Property investment from €280,000

€500,000 – purchase residential or commercial real estate. (€400,000 – the reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas)

€350,000 – purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 – the reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)

 

2.Creation of 10 Jobs or Business Investment

Create a minimum of 10 new jobs OR

Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs

 

3.Capital Transfer From €1,000,000

Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

 

Additional Government and SEP (immigration office) Fees

 

Government Processing Fee – € 513.75

Initial investor residency permit – € 5173.60

Property Transfer Tax – 8%

Renewal of residence permit – € 2,586.80

Residence permit for family members – € 2,586.80

Real estate stamp duty – 0.8%

Property Transfer Service – 1.5%

Citizenship application – € 250

Permanent residency application – € 350

Financial Management and Fiscal Representation – 0.5% per year

 

Portugal Property taxes

 

These taxes apply under Portugal Golden Visa Program if you buy real estate:

Lawyer fee – 1%

Stamp duty – 0.8%

IMI (municipal tax paid annually) – 0.3-0.5% (urban), 0.8% (rural)

IMT (Immovable property transfer tax) = 1%-6%

 

Additional Taxes

 

Capital gains tax – 25% (if you sell)

Rental income – taxed at 28%

VAT – 23% (included in price of new property developments)

AIMI (Wealth tax) – 0.7% for individuals (only for properties above 600K euro) and 1% above 1M euro

 

This calculation has been made in order to show the exact amount of taxes the person will have to pay by investing €280,000 euros into Property:

Stamp duty 0.8% – €2,200

Lawyer fee 1% – €2,800

IMI (municipal tax paid annually) 0.8% – €2,200

IMT (Property Transfer Tax)  1%-6% – €9,500

Total €24,000

 

Portugal Golden Visa Program Overview

The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include the 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.

 

Program benefits

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 to travel without a visa to all Schengen Zone countries and gives access to high-standard education.

 

LONDON BASED SOLUTIONS ADVISERS – Portugal Golden Visa

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

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 circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.