Investigating investment conditions in Portugal
In this article investment conditions in Portugal and obtaining Portuguese residency and citizenship through investment will be investigated. Investment residence is one of the most requested residences in Portugal. Portugal has introduced the “Portugal Visa Vase” program to attract foreign investments. Through this investment program you can get a residence permit in Portugal by buying a property. Of course, there are other investment methods for investing in Portugal that will be thoroughly discussed in this writing. If you need additional information, please contact MIE Austria experts and get a free consultation.
In the Comments section, you can also ask your questions and answer them in a short time.
Topics reviewed in this article:
Portugal residence by investment
One way to obtain a residence permit in Portugal is with golden visa, which is one of the very low risk investment methods in Portugal. In this method, first a one year visa is granted, then two two-year residences. Also it is possible for the spouse, children under 18, children over 18 years of age who are either students or dependent on parents with more than 66years old to obtain residence permit. After 5 years of residence in Portugal, you can apply for permanent residence. The remarkable and positive point about “Portugal Golden Visa” is that it does not require you to be present in Portugal. This means that in the first year you should be present in Portugal only for 7 days and 14 days for every 2 years in the following years until permanent residence in Portugal. To obtain “Portuguese Golden Visa”, one must be qualified and by selecting one of the ways listed below apply for investment in Portugal:
The investor’s financial resources must be outside Portugal and one should not have criminal record. After 6 years in Portugal, you can apply for Portuguese permanent residence permit and, as a result, obtain Portuguese citizenship and passport.
Immigrating to Portugal by buying a property
One of the most attractive ways for investment is buying a property. Annual property value growth in Portugal is between 5 to 15 percent and by renting it, per year, 3 to 4 percent of the property value will be returned. The advantages of this method is that at the same time the investment has been made and consequently, profits and capital increases are followed for the investment applicant in Portugal and also the investor will be the resident of a European Schengen country. Another way to invest in Portugal and earn money and obtain Portuguese residency and citizenship is with buying properties in a tourist area and renting them, in this way the probability of investor’s profit making will be up to 15 to 20 percent. Also there are some companies that work in these areas, they will rent your tourist property and gain profit for both themselves and you.
Investing in Portugal through company registration and entrepreneurship
To invest in Portugal by company registration, when determining the name of the company, the name should have been registered in Portugal. These names are predetermined and can be found on the website of the “Portuguese Business and Registration Office”. If your requested name was not on the site, you have to announce your desired name to the site and wait for the approval of the company’s name, this process may take up to 90 days.
After preparing the article of association in Portugal and registering and approving it in the notary of Portugal, a bank account must be opened in Portugal and an accountant must be hired. A company must be registered with an initial capital of 300,000 euros. It is better to provide a strong and innovative business plan.
Benefits of investing in Portugal
Portugal has good weather conditions and also life expenses in this country are lower than other developed countries of the world. There are some benefits to investment in Portugal through the “Golden Visa Program” which can be named as follows.
Answers to the common questions about investing in Portugal
✅ What is the best way to invest in Portugal?
The best way to invest in Portugal is to buy property in Portugal.
✅ Is it possible to get a residence permit in Portugal by buying a property?
Yes. You can get the residence in Portugal if you buy a property worth 500,000 euros.
✅ Is it possible to get a residence in Portugal by investing in franchises?
No. To invest in franchise, you must first obtain a residence permit in Portugal in other ways.
✅ Is it possible to obtain a Portuguese passport through investment?
It is not possible to obtain a Portuguese passport directly through investment but after living in Portugal for 6 years, you can apply for a Portuguese passport.
Leave a Reply
Want to join the discussion?Feel free to contribute!