Portugal travel destinations, real estate opportunities and entry visa for Europe
Portugal travel objectives, real estate options and entry visa for Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Keep in mind that real estate brokers in Portugal work for the seller. They are in a conflict of interest situation. Their commission is included in the sales price. Real estate brokers are strongly motivated to sell properties for as much as possible. Dishonest brokers are widespread. The risk of encountering an overpriced transaction is imminent. Saving money by not engaging a lawyer can cost you a fortune at the end of the program. You need a local matador who is familiar with the real estate market because the demand for real estate is huge. You need somebody on the spot acting in your exclusive interest.
The initial application is now submitted online, including copies of the supporting documentation. After the request is approved by Serviço de Fronteiras e Estrangeiros (SEF), you will have to appear in person for an interview. Initially, the interview would take place in the district where the investment was made. Nowadays, however, SEF will allow you to book the interview in any district of your choice. This change has helped reduce the waiting time overall, especially in the more popular districts such as Lisbon and Faro. At the end of year 4, another renewal process takes place. It is virtually identical to the process at the end of year 2.
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Purchase real estate property to refurbish that was constructed more than 30 years ago or located in an urban regeneration area and with a value of at least 350,000€ (three hundred and fifty thousand euros) or 280,000€ (two hundred and eighty thousand euros) for the Algarve, Make a capital transfer of at least 1,000,000€ (one million euros), Create at least 10 job positions. See even more info on Portugal’s golden visa is the best way to move to Europe.
Established in 2012, Portugal’s Golden Residence Permit Program (ARI) enables non-EU/EEA citizens to obtain a special residence permit in exchange for a 5-year investment in Portugal. What’s unique about the permit is that the investor only has to spend about seven days per year in Portugal to maintain the residency, while still reaping all the benefits of being an EU resident—including visa-free travel in the entire Schengen area. By far the leading share of Golden Visas have been issued to Chinese nationals (although their share has been declining recently), followed by Brazilian, South African, Turkish, and Russian citizens.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: Low minimum stay periods (7 or more days in first year and 14 or more days in subsequent years). After 5 years you will have the possibility of obtaining permanent residency or citizenship and a Portuguese passport. Find even more information on https://www.idealhomesinternational.com/.