Rossio Palace
Rossio Palace
Portugal
One of the most visited countries in Europe
As one of the oldest countries in Europe (founded in 1143), Portugal has been a beacon of political, social, and economic stability — and is one of the safest countries in the world. It boasts world-class healthcare (including one of the most effective public responses to covid worldwide) and education (with 1,000+ degrees taught in English). The country features a mild climate all year round and is a convenient travel hub to Europe and the Americas.
Millions of tourists flock to Portugal to visit the cities, historical sites and beaches. The country has been elected — for the fourth consecutive year — the Best Destination in Europe in the World Travel Awards 2020. In 2022, Portugal posted a record increase in real estate prices (13% increase compared to 2021), due to growing demand and scarcity of supply.
Golden Visa
The most sought after citizenship by investment in Europe
The recent social, political and pandemic issues have led many people to rethink their future and seek a “Plan B” — a safe haven for their families. The Portugal Golden Visa is the most popular residency investment in Europe. Contrary to other programs, it can lead to EU citizenship within 5 years, without the need to live in the country. The program is highly sought after, as investors with a qualifying investment only need to stay 7 days a year in the country (instead of 183 days).
The Portuguese passport is considered the 4th most powerful in the world. It provides holders the right to live, work, and study anywhere in the EU, and to access 188 countries visa-free. Portugal also features a favourable tax regime. There is no tax on international income (from outside of Portugal) and new residents can be exempted from taxes on several sources of income (in case they become tax residents). To obtain the Golden Visa, non-EU citizens need to transfer capital (€1,500,000), buy a property (€500,000), or buy a share in a fund (€500,00). If the candidate is eligible and the investment qualifies, the process to obtain the Golden Visa (residence permit by investment) takes 6-8 months.
Reduced Golden Visa
Є280k investment instead of Є500k
Under certain conditions, the Golden Visa investment amount can be reduced. In low density urban regeneration areas (as is the case with Rossio Palace), the investment threshold is reduced from €500,000 to €280,000. The Portugal Golden Visa is highly sought after. However, the reduced investment is a time-limited opportunity.
The reduction is expected to finish in 2024, after new EU regulation to harmonize programs is implemented. Projects that quality for the reduced investment are scarce, as it takes several years to obtain the necessary licenses and construction permits. Thus, these projects sell very fast, as demand far outstrips supply.
