Changes to the Portugal Golden Visa Program 2022
There are new rules which will be strictly observed come in January 2022, for anyone that desires to be a citizen in Portugal by getting a golden visa. Investing in highly dense areas, like the metropolitan area of Portugal will no longer qualify one in getting a golden visa.
These highly dense areas include Algarve, Porto, Lisbon the Silver Coast, or Setubal.
The newly announced changes were put up to intentionally promote investment in low-density areas of Portugal. The majority of the people that have investments based in Portugal in the highly dense areas have gained access to a golden visa.
The Cheapest Golden Visa in Portugal
In 2021 and 2022 this remains the same costing from 280,000 Euro as the inland more rural low-density cities, towns in NUT111 regions of Portugal. Don’t worry though as we have some fully managed low-risk high gain investment properties being released this year to enable our investor to obtain the low cost 280,000 EURO Low-Density Golden Visa in Portugal, whilst giving you a yield income and with some options, we will introduce a buyback after 6 years! This won’t give you the great capital growth that Portugal can offer but for a buyer who simply want the Second passport investment in Portugal and then have their money back.
280,000 EURO Golden Visa in Portugal
REQUEST THE PORTUGAL LOW-DENSITY NUT 111 LIST 2022 BROCHURE
Major investments, however, were wiped out coastal and metropolitan areas of Portugal. Implementation of the Golden Visa Program began in 2012. The Portugal government has announced that there will be a transition period for those that are aspiring to invest in highly dense areas to divert into the lowly dense areas. This transition period will run up until 2022.
The transition period will allow the Portugal prospective investors to finish their applications. All isn’t lost though for the investors that also wish to form their investment within the highly dense areas like Porto and Lisbon. There remains a window of opportunity for the investors that are available to take advantage of the eleventh hour to put their bids.
Are Lisbon and Porto still included in the Golden Visa Portugal in 2022?
Investments in Porto and Lisbon are likely to travel downhill as new projects have no likelihood of getting started soon. This is as a result of the Portuguese government putting a stop to investments of golden visa applicants in highly dense areas. We are currently working on new secure investments outside these areas which will have rental guarantees and buybacks in order to obtain the saught after Golden Visa but also be able to exit the investment when your passport is granted.
The decline of investments which will be experienced as things change within the investment sector will see the demand for investments rise and therefore the supply falling. Potential investors are hence advised to quickly act by placing their bids as soon as possible. The investors should do that within 2021 to get hold of the readily available deals in the Main regions of Lisbon, Porto or Algarve & Silver coast.
Despite the shift of investments from the highly dense areas to those that are less densely populated, Portugal remains an excellent country to get citizenship in. Getting a permit to reside in Portugal through investment is a chance that one should not take for granted.
When one receives their Portugal golden visa, they are allowed to make investments in Portugal for five years. The benefit that comes with one been granted the Portugal golden visa is that one doesn’t need to reside in Portugal. For you to retain the visa, you’re only required to be in Portugal for seven years each day.
That is so unique considering that you simply are not a Portugal citizen by birth. Aside from Portugal making a change within the investment from attraction in highly dense areas to low dense areas, there is also a golden visa change in 2022 therein investment is going to be focused on urban requalification.
This means that property owned by the private sector is going to be transferred to be now the property of the Portugal government. This then translates to the golden visa applicants being cautioned that their investments are going to be channelled towards the general public sector.
The other major changes are that golden visa applicants will as of 2022 invest in cultural heritage areas, places that have activities in highly environmental places. Golden investors should remember that their investments are going to be set to bring value to society. In the recent past, investments by golden visa applicants were stationed in the already established locations.
The Portugal government now wants direct investments in locations that are not highly developed. Last but not least, Portugal wants to extend its productivity and job creation through the investments made by the golden visa applicants. It is for this reason that they need to channel the golden visa investments into the low dense areas.
Prospective investors are however encouraged to try their best to place their bids to take a position within the highly-dense areas before the window of opportunity closes down in December 2021. This includes securing the very profitable 350,000 Euro Golden Visa Portugal.
The Portugal government is however categorical that investments are no longer needed in already thriving areas like Porto and Lisbon. Investors should hence brace themselves to make their investment in the less dense areas so that those areas are established as well.
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