Golden Visa Portugal – €280,000 Low-Density Area Investment Option
The lifestyle, taxation and business benefits of Portuguese citizenship mean that it’s highly prized by many people around the world who yearn for the flexibility and freedom that commensurate with living in one of Europe’s most beautiful and dynamic nations.
And for incoming non-EU/EFTA third party nationals, Portuguese citizenship is itself a gateway to EU citizenship and all of the benefits that prized status confers – not the least of which is being able to sponsor your beloved family members to join you in your new base and by extension, having the freedom to live and work right across all 27 member states of the the borderless EU.
For many investors the €500k Golden Visa route is the most straightforward because in some ways its requirements are the least exacting, whereas others prefer the €350k renovation option, whereby you buy a property in one of Portugal’s urban rehabilitation areas, which is eligible provided the property value plus the renovation costs add up to at least €350k.
But are you aware that there’s an even more affordable and accessible Portugal Golden Visa €280k option?
That’s right, certain conditions apply but if the other categories aren’t quite the right fit, you can unlock the same fantastic five year route to permanent Portuguese residency for €280,000. And due to the lower entry level, some investors choose to buy several properties under this route as part of a plan to maximise their ROI.
At Property Lisbon, we have a deep and diverse selection of €280k Portugal Golden Visa properties to offer you, along with years of expertise in helping satisfied clients from countries all around the world to successfully navigate this route and start exciting new lives in our outstanding nation.
If the €280k route sounds right up your street, you’re in the right place – read on for the lowdown on what it is and how to get it.
Ready For Your €280K Portugal Golden Visa?
How Does The Golden Visa €280,000 Investment Option Work?
The €280k Portugal Golden Visa investment system has a few more requirements than the top-tier €500k option, but with the professional support and guidance we provide, it’s still a very accessible route. In many ways, the requirements are similar to the €350,000 Golden Visa, because this is also classed as a ‘restoration and refurbishment’ citizenship by property investment option and in practical terms, it’s almost a sub-category of that route. Here are the applicable rules:
- Your property must be located in one of Portugal’s designated low-density areas. We will provide information on specific low-density areas a little further down this page, but they’re defined as areas with less than 100 inhabitants per square km and where the GDP per person is less than 75% of the national average.
- The property must have been built over 30 years ago and/or require refurbishment work.
- The combined total sum of the rehabilitation work and property value must add up to at least €280,000.
- As well as providing the paperwork that proves you’re the property owner, you’ll need to provide evidence that you’ve applied to the relevant authorities for permission to carry out the necessary refurbishments/evidence that you have planning permission and that a contract has been signed for carrying out the refurbishments. Additionally, you’ve got to deposit the difference between the purchase price of the property and the minimum refurbishment investment in a Portuguese bank account registered in your name.
As stated, if you’ve considered the €350k option previously, you’ll see that this more affordable €280k option has very similar requirements, with the crucial difference that it must be located in a low-density area (and that it’s significantly more affordable). This is because it’s effectively a route introduced to offer a 20% reduction on the €350k option in order to encourage inward investment in specific regions which could benefit from development.
Can You Recommend Professional Support For The €280k Golden Visa Application?
Absolutely – the Portuguese citizenship by investment programme is much more than simply purchasing a property (as important as that already is).
We know this is a life-changing process and since you’re a non-EU/EFTA third party national, chances are that you’re not familiar with the system. So over the years as we’ve helped many other clients like you achieve their Portuguese property dreams, we’ve also been building up a brilliant contact book of fellow professionals who we can work together with to make the process as calm, cool and collected as possible.
Legal Support For The €280k Golden Visa
Although we have a wealth of experience in helping many diverse clients achieve Portuguese citizenship by property investment (and the EU citizenship that comes with it), we’re not lawyers and we always advise clients to instruct solicitors when they’re undertaking the Golden Visa application process.
Hiring a lawyer is worth the fee because making a mistake with your application can be far costlier – we can recommend experienced, specialist property solicitors who will ensure that you make the right moves at every stage of the process and provide all of the evidence required by authorities.
This means that when your €280k Golden Visa is assessed by an official, you’ll be making their job easy because they can cross-check it against the rules without having to search for evidence or make any follow-up enquiries and issue it quickly, with complete confidence. It’s your responsibility to provide the evidence and remember that you’re paying a fee to lodge an application, rather than paying for the visa to be issued, so make that positive decision easy by grabbing all the professional help you can with both hands.
Construction Support For The €280k Golden Visa
Naturally, you’ll need to hire a local builder to help with the renovation required for your property and you’ll want a craftsman rather than a cowboy.
Whether this is a property that you and your family are going to live in permanently, or a holiday home where you’ll spend a few weeks a year and then rent out for the remainder, or a commercial property which is a business base for yourself or a tenant, it’s vital that it’s perfectly designed and styled to suit its function.
Therefore there’s no point wasting cash on a builder who cuts corners and delivers expensive disasters – far better to work with one of our recommended tradesmen who will deliver on time, to budget and with the highest quality that’s humanly achievable.
Are There Any Other Requirements For The €280,000 Portuguese Golden Visa?
Yes – the standard requirements for the €280k route are the same as they are for the other Golden Visa routes:
- The funds you use for your property must originate from a territory outside Portugal.
- You can’t have any adverse records with the Portuguese Immigration and Borders Services.
- You shouldn’t have a criminal record in any jurisdiction.
- When your application is approved, you must spend at least seven days in Portugal during your first investment year. To renew your permit thereafter, you must spend a minimum of 14 days in Portugal every two years.
- You have to maintain your investment for at least five years in order to qualify for permanent residency (and then Portuguese/EU citizenship).
Which Types Of Property Are Eligible For The €280,000 Portugal Golden Visa?
Provided your property meets the requirements we’ve already spelled out, you have fabulous flexibility in terms of the type you choose.
Therefore you might decide that a chic apartment suits you perfectly, or that a townhouse in a bustling centre is preferable. Alternatively, you might find a villa at an economical price, or a commercial property which caters to the tourist trade, or any other sector.
Take a look at our current €280k options below for a taste of what’s currently on offer, but remember to check back regularly and talk to us one to one about your requirements, because our listings are constantly refreshed and we can let you know as soon as something exciting appears on our desks.
Which Areas Are Best For Buying A €280,000 Golden Visa Property?
Painting with a broad brushstroke, the low-density areas where you can purchase a Portugal Golden Visa €280k property are almost all of the nation’s interior areas, excluding the coastal areas north of the River Sado and south of the River Lima. Please note that Madeira and the Azores are not included in this area, so properties in these popular islands are not eligible for this particular route.
Popular low-density areas in Portugal which are attractive for residential, commercial and investment purposes are Leiria, Faro, Viseu, Braga, Aveiro and certain neighbourhoods in the vicinity of Lisbon and Porto.