Golden Visas

Golden Visa Portugal – €350,000 Renovation Investment Option

Golden Visa Portugal, Online Application

Has the €350,000 Golden Visa Portugal Ended?

Yes, The €350,000 Portugal Golden Visa which was a reduction from the €500,000 Golden Visa for renovating properties over 30 years old has now been abolished as of October 2023.

Can i still buy Residency in Portugal?

 

Yes via the D2 Visa.

The Portugal D2 Residency Visa program provides a way to obtain residency in Portugal through investment. It is an alternative to the Golden Visa program, which is no longer available. The D2 Visa is intended to encourage new businesses in Portugal and can lead to Portuguese citizenship after five years.

The D2 Visa program offers several unique benefits. It is the cheapest residency by investment program in the European Union and has a fast processing time of approximately three months. It also allows for family reunification and visa-free travel to more than 27 European countries within the Schengen zone.

If you are interested in learning more about the Portugal D2 Visa, please contact us today. We can provide you with a detailed overview of how it works.

In 2024, the Portugal Golden Visa continues with all its benefits if you make a cash investment of €500,000 via a qualifying Portuguese Investment Fund.

Our company has been involved in renovation and investment in Portugal for 20+ years, and our partners are some of Portugal’s most connected and trusted professionals.

We can introduce you to qualifying Golden Visa Funds in Portugal

Our company is part of a wider group. We operate a Global Residency & Citizenship Consultancy from London & Dubai and have similar Real Estate offices in Athens, Greece.

Our senior executives and partners have decades of experience in Citizenship & Real Estate throughout Europe, so please get in visit our European website in order to start receiving information outside of Portugal.

350,000 Euro Golden Visa in Lisbon Portugal

The Golden Visa Program is ideal for any investor looking for a route to place permanent roots in Portugal.

You might wonder if the changes brought into the Golden Visa Program in 2022 will limit your opportunities for Citizenship by investment in Portugal through a Real Estate Purchase, however, these changes simply mean that the freehold property you buy must primarily rented out for Tourism and the building carry a touristic license. This license does not last forever and over time a certain % of any development can apply to have it switched to Residential. Personal usage of any property can be discussed on a case by case basis. Our focus as a company is to make sure all our investors buy a quality freehold Lisbon apartment that will provide a guaranteed income and make the journey to securing the Portuguese passport a profitable one.

The same Golden Visa is available a reduced cost of just 280,000 in other regions of Portugal which means if you have a desire to live in Portugal straight away you can pay less for the Golden Visa and then we can help you find a home to live in, this second purchase could even use a bank mortgage.

Commercial properties for the Golden Visa are 500,000 Euro in Lisbon and 400,000 Euro in the Algarve but we find that capital growth is higher over a 5 year period with freehold Apartments.

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Residency Permits issued between 2012 and 2021 for property investments
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Residency Permits for Family Members issued between 2012 and 2021
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Locations Available for the 350k Golden Visa Program

Great news! Despite the 2022 Golden Visa Program changes, you can still obtain your Golden Visa through a 350k property investment in Lisbon.

The 350k bracket has become known as the renovation option because the projects needs to be over 30 years old so in Lisbon it would be a partial or total renovation of a building. Our company specializes in buying profitable and safe Buildings in need of renovation and delivering each investor a fully renovated and fully managed Apartment in Lisbon. The building will be properly managed and licensed for tourism but the ownership is still 100% freehold.

As a vibrant capital city, steeped in history and culture, Lisbon is an excellent choice for any investor. However, it isn’t the only option for your investment portfolio. The Algarve is just as popular with tourists, and its beautiful beaches welcome so many visitors each year that you’ll be in for a great ROI. 

If you’re looking for somewhere that you can make your mark and help to grow the local economy, then consider investing in regions such as Algarve and the Silver Coast. Both are popular among tourists and are excellent places for you to embark on your next investment journey.

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350k Golden Visa opportunities

If you’re after a Golden Visa investment opportunity in the 350k band, then look no further than Property Lisbon. 

We’ve carefully chosen each of our properties to ensure that you receive the best profit-making project the market has to offer. And the 2022 changes to the Golden Visa Program mean that we can offer more touristic license properties in a variety of Portugal’s beautiful regions.

A touristic license is required for hotels, resorts, and serviced apartments, and to qualify, the property must not be the investor’s primary residence and, must be manged by a single entity for the ten years required for the license. 

Our range includes everything from serviced apartments to resorts. For example, our New Luxury Lisbon City Project with a Commercial Unit is perfect for investors looking to increase their ROI. Aside from renting out the apartment, you’ll have the opportunity to either rent out this fantastic commercial space or put it to your own use. 

We also have a range of opportunities in the Algarve, including our Algarve Touristic Golf Resort. With tourists flocking to the region year-round to make the most of the excellent weather in order to pursue their golfing hobby in the sun, this is a great project for any investor.

Our properties are constantly being updated, so contact us today to discover what else we have to offer!

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About the 350k Golden Visa in Portugal

One of the great benefits of the Portugal Golden Visa is that there are several investment options available.

For instance, if the €500,000 option for a premium property is slightly out of reach at the moment, did you know that there’s a more affordable €350,000 option which unlocks the same route to permanent residency and citizenship?

Certain conditions apply, but the €350,000 Portuguese Golden Visa (also known as the renovation investment option) could literally be your passport to a new life in one of the world’s most desirable locations.

And at Property Lisbon, we have a wealth of experience in helping investors like you secure Portuguese residency and citizenship through this route, as well as a wide range of eligible property listings!

Please also remember that the €350k Portugal Golden Visa is one of our most popular property categories – so much so that often these properties are snapped up by fast-acting clients before we even have time to publish them on our online listings.

If you want to be first in line for the best properties, be proactive and talk to us first – that way we can earmark promising properties for you right away and let you know about them immediately.

How Does The Golden Visa €350,000 Investment Option Work?

To qualify for this citizenship by investment option there are a few conditions, but they aren’t onerous. After you satisfy the following rules, the same five-year route to residency and six-year route to a Portuguese passport applies:

As you can see, although the criteria for the €350,000 Portuguese Golden Visa differ from the other options under the scheme, they remain reasonably hassle-free, provided you’re proceeding with experts like Property Lisbon.

Can You Help Find Professionals And Tradesmen For €350k Golden Visa Renovations?

Yes, we certainly can – we know that when clients are investing in a Portuguese passport by investment, it’s a substantial undertaking.

That’s why we’ve built up a valuable network of professional contacts over the years who can help you at every stage of the €350k Portugal Golden Visa process.

Read on to see exactly what we can offer you.

Legal Support for your Portugal €350k Golden Visa

Throughout your investment process, we’ll offer you support to make everything as hassle-free as possible.

But as you’d expect there are always statutory and evidential requirements. To help with this, we can connect you with an experienced solicitor who will ensure that every action you take (and piece of paperwork you provide to evidence that action) is cross-checked with the €350k Portugal Golden Visa requirements.

This is an application which will change your life and your family’s lives for the better, and also potentially unlock excellent business opportunities for you in Portugal and throughout the EU, so there’s a lot riding on your visa being approved. However, remember that although Portuguese authorities have worked very hard to make the system as simple and streamlined as possible, in any official process the onus is on the applicant to meet the requirements and provide the right evidence at every stage. With a fantastic network of professionals we can connect you with, Property Lisbon takes the strain from your shoulders by providing you with the right professional support exactly when you need it.

Construction support for your €350k Golden Visa

Another practical side to the smooth completion of your €350k Golden Visa process is the renovations being carried out – quite literally the nuts, bolts, timber and tiles which need to combine to make your property look perfect and in order for the entire project (property value plus refurbishment costs) to equal €350,000.

Most Portuguese builders are both talented and trustworthy but, as is common anywhere else, you can also come in contact with tradesmen who might happily take your cash and deliver your project months late, over your budget and to totally shoddy standards. This scenario is soul-destroying and expensive, but easy to avoid if you get the right advice and professional recommendations from the start.

At Property Lisbon we have several trusted, time-served and highly skilled builders on hand who will listen carefully to exactly what you want to achieve with your project, provide their own views on the best achievable results for your budget and proceed with your permission, providing regular updates and reviews along the way.

Providing evidence that you’ve contracted a builder is a mandatory evidential requirement, but by letting us handle your citizenship by investment process, you have the peace of mind that comes with knowing you’ve signed a solid, savvy craftsman.

Property Lisbon and the tradesmen we work with are passionate about what we do and take pride in delivering the best results for each individual customer. And when we’re helping you and your family take the next exciting step in life, that’s all the motivation we need to excel at every turn!

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Are There Any Other Requirements For The €350,000 Portuguese Golden Visa?

Yes – in addition to the aforementioned conditions, you’ll have to meet the same standard requirements of the Portugal Golden Visa scheme, as follows:

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Need To Know More? Ask Us About The €350K Golden Visa Portugal

Which Types Of Property Are Eligible For The €350,000 Portugal Golden Visa?

Property Lisbon can find you the ideal property for the €350K Golden Visa.

From sleek contemporary apartments to traditional townhouses and commercial, retail, and residential options, all eligible properties represent excellent investments.

What’s more, many properties have refurbishment licenses already in place, and/or a guaranteed rent for the five-year qualification process, minimizing red tape and meaning you can generate a handsome income en route to your qualification for Portuguese residency/citizenship (and by extension, EU citizenship).

Want to know more? Take a look at the excellent €350K properties we currently have available:

What Are The Best Portuguese Regions for €350k Portugal Golden Visa Properties?

This depends on your requirements but rest assured that there are always lots of outstanding locations on offer. If you want comfort, connectivity and cosmopolitan buzz, capital city Lisbon is an excellent choice for residential or commercial properties. However, if you want a scenic spot for a luxury villa or the opportunity to tap into a well-established tourist trade, the Algarve is right up your street, and resorts like Albufeira are absolutely stunning. Alternatively, Porto is a prestigious historical city in the north west that’s a wonderful place to live and work, while the Silver Coast is popular with incomers from all around the world and boasts brilliant towns like Tomar and Coimbra.

Next Steps For Your €350,000 Golden Visa

If you’re ready to talk to us about this superb Portuguese citizenship by investment option, simply drop your details in our form or chat live to one of our advisors. 

However, if you need a little more information, please read our easy to follow Golden Visa Guide – this explains the entire process from start to finish and addresses all important issues.

At Property Lisbon, we excel in making citizenship by investment accessible and convenient – let’s start your adventure soon!

FAQs

Of course! 

We offer a wide range of investment opportunities that will allow you to obtain your Golden Visa. Not only that, but we have worked hard to ensure that we have expert legal and construction contacts. Meaning that from contacting us about your Golden Visa dreams, to obtaining your Portuguese residency, you’ll experience a smooth, stress-free process. 

Whether you’re after a commercial property or a touristic licence resort, our vast selection will help you find the perfect profit-maker for your property portfolio. The regions we cover are all havens for tourists from all over the world, meaning that you’ll see a return on your investment long before you obtain your citizenship. 

A 350k is a more affordable option for many investors, and it’s ideal for those who want to use renovation to put their own stamp on a property.

As you will have read, there have been changes to Portugal’s Golden Visa Program starting in 2022, however this has by no means caused a decline in the quality of investment opportunities that we offer. 

With the new Golden Visa rules, the properties you purchase in Portugal’s capital (and other major locations like Porto) will need to be commercial, touristic licensed, or meet other requirements such as age and a need for refurbishment. Luckily, most of our 350k renovation investment options already come with a renovation license; this will drastically cut down the time between purchase and profit. 

Of course, if you bought your Golden Visa investment property before January 2022, the new changes won’t apply to you. However, just because you’re already on your way to your residency through investment, doesn’t mean you shouldn’t make use of our fantastic range to increase your property portfolio and ROI. 

Any property that is rented out to tourists requires a touristic license. This includes hotels, resorts, and serviced apartments. It is an essential consideration for any investor looking to purchase a property that they intend to rent out.

Luckily, our handpicked Golden Visa properties already come with touristic licenses. This will reduce the red tape you need to navigate before you can start turning a profit on your property.

However, if you do purchase a property that doesn’t yet have a touristic licence, but you would like to turn it into a holiday hideaway, we have connections with expert legal teams that can guide you through every step of the paperwork process.

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