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Our exclusive webinars hosted by Portugal Homes CEOs David Poston & Gary Harland on the 2nd of May, discuss the status of the Portugal Golden Visa application process in 2023 for new clients seeking to obtain EU-Residency through real estate investments in Portugal.
In these two exclusive webinars, our CEOs discuss in depth which premium areas of Portugal are best suited for property investment and provide a general idea of the Portuguese real estate market. The webinar clarified the ongoing situation regarding the end of the Golden Visa Programme in Portugal.
The main points discussed by our CEOs, David Poston and Gary Harland, provided the current information on the continuous and onward implementation of the Portugal Golden Visa programme, its possible end on May 19th, 2023. Moreover, presenting existing and new client's concrete information on the visa regulations, and the latest real estate investment opportunities for you to invest before any new regulations are established for the programme this year.
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Portugal Homes offer properties specifically for the Golden Visa programme in prime areas of Portugal that offer the very best investment for clients. Furthermore, Portugal Homes have unrivalled services from our exclusive After Sales department, such as Property Management, Condominium Representation, Property Inspections, Utility Connection, Home Insurance, and lastly, Tax Representation in Portugal for non-European nationals.
Key Discussion Topics
What are the recent changes from the Portuguese Parliament on the Golden Visa?
At this moment the proposed decision for the Portugal Golden Visa bill at the end of the programme is at a standstill, and the Portugal Golden Visa programme is fully eligible and ongoing for new and existing clients who already placed their applications. The bill on the Golden Visa includes various housing matters, ranging from long & short residential rentals, social housing for low-income rental accommodation, and lastly, the Portugal Golden Visa programme that is focused on real estate investments on commercial and touristic property in high-density (coastal) regions, and residential properties situated in low-density regions (interior) of the country. These high-density regions are considered highly populated territories such as Lisbon, Setubal, Leiria, Coimbra, Aveiro, Viseu, Porto, Braga, Viana do Castelo and Faro.
Learn about the eligible Golden Visa regions, here!
What to expect after the May 19th, 2023 in regards to the Golden Visa in Portugal?
As soon as the official bill is passed through the Portuguese Parliament on May 19th, 2023, the final outcome will be the termination of the visa programme. However, this is important to understand that all clients will have a time allowance (either 30 days, 6 months to a year) for clients to still place a Golden Visa. In the past, the Portuguese government always provided a timeframe prior to be the absolute end. The end of the Golden Visa will be officially announced on a government official press site, which is called the Gazette (Diario da Republica) in Portugal, and this will be presented within one to two weeks; once that is placed it will act as the final date for Golden Visa submission.
How long does the initial purchasing procedure take, and how does it affect the Golden Visa application?
Clients looking to invest through Golden Visa, once a property is purchased, the first step will be to secure a bank declaration for your funds and register your property, this process will take a few days.
Alongside the above information, the following key documentation must be presented:
- Keep his/her real estate investment for a period of 6 years;
- The funds must come from outside Portugal;
- A valid document for legal entry and stay in Portugal;
- No references in Portuguese Immigration and Schengen Services;
- No criminal record;
- Stay in Portugal for a minimum period of 14 days, either consecutively or intermittently, within each 2-year visa period.
After the full documentation is presented and submitted to SEF (Immigration and Borders Service), the initial submission process should take about three to four weeks minimum (time allowance provided by the government) for the Golden Visa. As the 5-year programme has undergone several changes, normally from experience the Portuguese Government provides a year allowance granted for new client submissions prior to changes/termination, and we are expecting the same for the passing of this new bill.
How does citizenship with the Portugal Golden Visa work?
After you have made your real estate investment (minimum 280K), the client after five years can apply for citizenship. One of the main reasons the Golden Visa in Portugal is so popular is due to the splendid advantages for non-EU nationals with: the opportunity of earning EU residency; freedom of travel within the EU Schengen Zone; and being able to study, work, and live in Portugal. Best of all, the programme is great for families, as it allows for family inclusion (spouse, children, dependents, parents).
What real estate investment options are available for Portugal Golden Visa, and do they differ on the processing time?
Portugal Homes offer Golden Visa property investment options of €280K, €350K, €400K, and €500K+, and most importantly are fully focused in prime locations of the country, such as Lisbon, Porto, and the Algarve region. One of our main attractive property listings under the Golden Visa programme in the city centre of Lisbon will be the Mátria Co-Space, a state-of-the-art co-working property development that has been fully refurbished to offer more than sixteen luxury amenities. Mátria offers a range of world-class amenities, fulfilling the needs of modern business-minded individuals. The co-working property development features spaces designed for collaborative work areas, private offices, virtual offices, private boardrooms, and private gym facilities.
A Golden Visa property investment of €352,100 guarantees investors a 1/65 share of the building, a 4% guaranteed return, and a guaranteed buyback at the end of the Golden Visa application. Mátria Co-Space is situated just 1km away from the famous Avenida da Liberdade, known as the Champs-Elysees of Lisbon. The boulevard is over 90m wide, and its elegant design makes it the most expensive street to rent or buy property in Portugal. This commercial building is a highly desirable investment opportunity for avid investors.
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Looking for more Golden Visa properties in Portugal, see our exclusive Golden Visa Listings below raging from €350K to 500K+!
Will existing clients suffer any consequences from the Golden Visa ending?
All existing clients with an application will not suffer any consequences from this proposed new bill passing towards the end of the golden visa programme. For clients who invested in Golden Visa with Portugal Homes, please contact us for any additional questions or concerns, we will clarify any Golden Visa-related queries.
Does Portugal Homes provide full assistance and services with the Portugal Golden Visa application?
Yes, Portugal Homes can fully assist clients looking to invest right now before May 19th, 2023! Portugal Homes has property and investment advisors actively working with clientele every day, providing the best advisory, and best real estate options according to specific investment budgets (€280K, €350K, €500K, €500K +). Our company also has extensive services with Tax Representation for our Golden Visa clients and additional home care services with our After Sales Department.
For those clients who could not join our webinars held on May 2nd; we have pre-recorded both webinars for your viewing pleasure. Please view below for our exclusive webinars with Portugal Homes CEOs David Poston & Gary Harland providing insight into the Portugal Golden Visa to new and existing clients in 2023.
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Read Also:
- Golden Visa Stats & Investments Evolution
- Portugal Golden Visa Ending - What do we know so far…
- Portugal Golden Visa Statement from Portugal Homes CEO David Poston
- Investing in Portugal Real Estate
