Investment Archives — Mygrate Investments

Explore the Benefits and

Opportunities

Offered by Portugal’s Golden Visa

Portugal offers a host of benefits under the Golden Visa regime, not least EU citizenship, which opens up a vast number of opportunities for study and travel, both for you and your family.

As a retirement option, Portugal offers a welcoming atmosphere to ex-pats, excellent tax benefits, prime health-care, and opportunities for travel. The Golden Visa is also an uncomplicated, flexible and speedy way of gaining Portuguese citizenship and a stepping stone into other Schengen countries. It is hands-down the best option for Golden Visa investment.

Invest a minimum of EUR 350,000 in a Portuguese Investment fund

over a period of 5 years.

Advantages

Member of the Schengen Area and the EU

Right to live, work and study in Portugal

Pathways to obtaining Permanent Residency and Citizenship in Portugal after 6 years

And Other Benefits

High standard of education and healthcare

Visa-free travel within the Schengen Countries

Short physical residency requirement

No language, education or management requirements

Dependents

Spouse
Dependent children under 26 as long as they are single and enrolled as full-time students.
Parents of either spouse if over 66 years old—or 55 and dependent.

Portugal’s Golden Visa scheme is a five-year residency-by-investment program designed for non-EU nationals. If the investment is held for at least five years, permanent residency or citizenship is possible. The Golden Visa opens a number of doors to qualifying investors and their family members giving them the right to live, work and study in Portugal while also permitting free movement in Europe’s Schengen area.

Golden Visa requirements for Portugal

In order to qualify for the program, you need to meet the following requirements:

Be either non-EU, non-Swiss, or non-EEA.

Make a minimum investment of €350,000.

Have a clean criminal record.

Spend a minimum of seven days in Portugal for the first year, then no less than 14 days each subsequent two-year period.

Golden Visa Opportunities and Benefits

Portugal has become especially desirable to foreign investors as a European Union country offering a great number of opportunities and benefits under the Golden Visa program.

5 years until you qualify for a European passport providing access to 26 nations in the EU and visa-free travel to 183 nations

Affordable investment options in real estate starting from €280,000

Under the NHR the Non Habitual Resident option, you pay little or no tax for 10 years.

Portugal is a member both of the EU and the Schengen area. With ten ports, 6 airports, and an excellent road network she is in easy reach of Europe and the world. As of 7th July 2020, The Henley Passport index ranked Portugal 6th in the world for visa-free travel allowing Portuguese citizens visa-free or visa on arrival access to 186 countries and territories.

Education for Golden Visa Dependents

Every applicant and their dependents have a right to study under the Golden Visa Program at the same cost as permanent residents or citizens.

Public schools, with tuition in Portuguese, are free to those between the ages of 5 – 18 years. Private schools pay in accordance with the academic structure under which they study, whether UK, US, or France.

There are more than 300 top quality institutions of higher education in Portugal from which college students can benefit that factor amongst the top 1000 worldwide.

University Study under Golden Visa

Under the international Student Statute, Golden Visa dependents can also study in a Portuguese university. The Student Statute, under Portuguese law, allows for non-European citizens to apply through a special enrolment application if certain requirements are met—such as a full, secondary education or a recognised equivalent.

Some Portuguese universities have established ties with other institutions in various parts of the globe to facilitate transfers to an equivalent degree, allowing for credits on subjects taken.

Portugal weathering

the Covid crisis

BASED ON THIS ARTICLE

BY NATASHA DONN

FOR PORTUGAL RESIDENT

Lisbon’s prime residential property market is set to weather the crisis caused by Covid-19 with an upward bounce.

Analysis by property specialists Knight Frank identifies Lisbon along with Monaco, Vienna and Shanghai as the “only four major prime residential markets set to see growth throughout the remainder of 2020 as the impact of Covid-19 takes its toll on luxury residential property markets around the world”.

Knight Frank’s research was based on projections for demand and supply, the impact of Covid-19 in the different markets of cities analysed and “the varying government stimulus measures announced”.

Not mentioned in the report was the fact that due to the pandemic, Portuguese government plans to suspend its Golden Visa programme in Lisbon have been put on hold. The programme has proved a magnet to buyers from all over the world since 2012, and can now continue to reel investors in.

As Knight Frank observes, however, “the scale of global economic uncertainty is unprecedented and therefore putting an exact figure on forecasts is challenging”.

The study chose ‘four price bands’ in which it placed the 20 cities under analysis: strong price growth (+5% or more), low price growth (0% to 5%), flat or low price falls (0% to -5%) and strong price falls (-5% or less).

Pre-Covid, Knight Frank was buoyant for various prime markets, including Paris, Geneva, Berlin, Miami and Sydney, “but unsurprisingly Covid-19 has put a halt to all that”, Liam Bailey, the company’s global head of research explains.

Of the 20 cities Knight Frank analysed, 16 are now likely to see prime price declines through the rest of the year, “with only a handful” (Lisbon being one) “avoiding a fall into negative territory – either because of historic supply shortages or because transactions were able to continue during lockdown and these measures are already being eased,” he said.

This is also seen as good news for the Algarve, according to estate agents the Algarve Resident has been in touch with who expect this trend to reflect on the southern property market which has maintained a high level of interest in spite of the pandemic.

The sun goes down and the streets come to life. Lisbon has a nightlife that can only be experienced to be understood.

Investing confidently in Portugal’s property market

If you’re considering your options and would like to know more about Portugal’s Golden Visa programme, or want to diversify your real estate portfolio with quality property options that deliver great returns, why not set up a Zoom call with Joanne Potts today?

Mygrate provides salient advice on the Portuguese property market through research, on-ground inspection and market trend analysis. Investments begin at €350,000 for investments in property regeneration of old buildings, and €500,000 for new builds.