Portugal Golden Visa 350000
The Portugal Golden Visa 350000 – The Reduced Investment Option
The Reduced Investment Option
Since its introduction in 2012, the Portuguese Golden Visa program has been steadily rising in popularity and is considered by many to be one of the best residency programs in the world.
Nearly three and a half billion euros has been invested in the country in less than six years since the beginning of the program, and the effects are visible everywhere. Perhaps nowhere can be a better example than Lisbon. Lisbon is a cosmopolitan metropolis, the capitol of Portugal, and possesses a rich history.
It has undergone a series of constructions, restorations, and regeneration, while its landscape still maintains its unique history, culture, and architectural integrity. All of Portugal’s major cities have undergone extensive renovation, updating quality of life systems such as plumbing, electrics, and windows, but without changing the exterior facades, thus preserving the traditional aesthetics.
The key distinguishing feature of the Golden Visa program from others like it, is the focus on maintaining the architectural beauty and history of Portugal’s major cities.
– and that is precisely why the reduced Portugal Golden Visa 350000 option has been introduced to the program.
The Reduced Investment Option at Portugal Golden Visa 350000
Where the traditional Golden Visa program requires an investment of €500,000(65A-c), the reduced investment option stipulates that a Golden Visa can be issued to those investing as little as Portugal Golden Visa 350000(65A-d), provided that the investment is made in a property slated for renovation, more than 30 years old, or located in a designated area of urban rehabilitation.
The introduction of this reduced Portugal Golden Visa 350000 option at the end of 2015 demonstrates the importance the government places on rehabilitation. The rules and laws surrounding property renovation can be rigid, and making sure that the required conditions are met can be a challenging and tedious process. In spite of that, the interest in the area in increasing with each passing day, and the reasons for it are clear. The potential for capital gain, especially due to the location and the style of the properties, is obviously very high. Additionally, it is important to note that the minimum investment requirement includes the cost of renovation, not just the value of the property itself.