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Acquisition of real estate with a value of at least EUR 500,000: in relation to what has been the predominant investment activity to obtain
Golden Visa Lawyer Portugal Lisbon, the applicant must acquire real estate with a value of at least EUR 500,000. The applicant may acquire the real estate as a co-owner
as long as each of the co-owners invests at least EUR 500,000. The Golden Visa applicant may also be a promissory purchaser as long as the deposit
he or she has paid is at least EUR 500,000. The money used to pay the purchase price or deposit must come from an international transfer to a bank
account in Portugal held by the applicant.
To prove compliance with the minimum requirements for this investment activity, when he or she makes the Golden Visa application, the applicant
must file: (i) the document that proves the acquisition or promissory purchase of the property, (ii) a declaration issued by a financial institution
attesting to the transfer of the capital, and (iii) an up-to-date land registry certificate that includes registration of the acquisition or, whenever
possible, of the promissory sale and purchase in favour of the Golden Visa applicant).
It should be noted that if the second renewal occurs 36 months after the Golden Visa is granted, the visa holder must present the definitive sale
and purchase contract and an up-to-date land registry certificate of his or her acquisition.
d) Acquisition of real estate with construction completed at least 30 years ago or located in an urban rehabilitation area, with execution of
rehabilitation works: to obtain a Golden Visa on the basis of prior acquisition of real estate assets with construction completed at least 30 years ago
or located in an urban rehabilitation area and execution of rehabilitation works on the property acquired, the minimum investment is reduced
to EUR 350,000. Besides demonstrating that he or she is the owner of the property, free of any burdens or charges, the applicant may present: (i)
proof of filing of a request for prior information or for the licensing for rehabilitation or (ii) a works contract for the works on the property acquired.
In either of these cases, the applicant must also deposit the difference between the property purchase price and the minimum investment required
– to be used to pay for the works – in a bank account at a bank in Portugal held by him or her.