Reduced Citizenship Investment Option and its many Benefits
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Reduced Citizenship Investment Option and its many Benefits
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 capital of Portugal, and possesses a rich history.
It has undergone a series of constructions, restorations, and regenerations, while its landscape still maintains its unique history, culture, and architectural integrity. All of Portugal’s major cities have undergone an extensive renovation, updating the 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.
Reduced investment option at €350,000
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 €350,000(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 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.
Golden Visa applications on the rise
Since the first 65A-d Golden Visa was issued in July 2016, in just eighteen months the number has grown exponentially, surpassing one hundred 65A-d categories Golden Visas issued. With over five thousand hundred total Golden Visas issued to date, category 65A-d visas comprised only 0.39% of the total number of Golden Visas issued by the Portuguese authorities by February 2017. However, in just one year, this ratio has grown more than five-fold, rising to 2.05%. The legislation is obviously still in its infancy, however, the trend is clear. Due to the advantages of the program, both for investors and for Portugal’s urban rehabilitation goals, the trend of upward growth is expected to continue for the foreseeable future.
A very nice apartment in Lisbon, located near Campo de Ourique. This cozy apartment renovated, on the second floor, lift, living room is waiting for you. Come and visit us!
Penha de França is a Portuguese parish in the municipality of Lisbon, belonging to the Historic Center Zone of the capital, a neighborhood located at the top of one of Lisbon’s hills. This new development is situated near one of the well-known streets of Lisbon, Moraes Soares. The recently renovated building has 2 bedroom apartments, […]
“The evil tongues say that the West is the place where the winter will spend holidays, but good mouths know that is, from all the cardinal points, the one with some of the best bread, wine and fish of the country.” in Time Out Follow the advice of Time Out and come spend holidays in […]
The unbeatable views from every window on the golf course, the countryside and sea enter in this apartment with 2 bedrooms and two bathrooms. All bedrooms have fitted wardrobes and one room has a private bathroom. Due to its southwest exposure this apartment is bathed in natural light as well as the covered outdoor terrace, […]
Farm built in the 40s, by the century wall. XV of the Historical Village of Roliça, in the surrounding area of Obidos, Village Heritage and one of the Seven Wonders of Portugal. Completely remodeled in 2005, with all that is known of modern in the field of construction. A few minutes from the beaches of […]
These fantastic villas of contemporary architecture under construction are located in Bicuda next to Quinta da Marinha, 5 minutes from the centre of Cascais. The villas have a building area of 273m2 and have gardens between 161m2 and 388m2 + terraces. Comprising two floors and basement, there is an entrance hall on the ground floor, […]
The Estoril area, more specifically the Monte do Estoril is one of the most Premium areas around Lisbon. Close to the vibrant capital, this neighborhood offers a top quality lifestyle. Served by stunning local beaches, top golf courses, trendy shops and gourmet restaurants this village offers elegance and sophistication. This area was the residence for […]
Apartments in Nazaré in a condominium with panoramic swimming pool and a stunning sea view. Comprising: Hall, big kitchen, living room (that you can make plus 1 bedroom or office), 2 bedrooms (one in suite), 2 bathrooms and 2 balconies with sea view. 1 Parking place in the basement of the building. Equipped with: Pre-installation […]
2 bedroom apartments inserted in Luxury Resort with 18 hole golf course and access to the beach. Excellent 2 bedroom apartment with fully equipped kitchen, furnished and with terrace facing the sea. In a gated community with access to the outdoor pool and fitness center. Ideal investment property with guaranteed profitability Situated just 15 minutes […]
Modern and luxurious 3 bedroom apartment enjoying a superb position on top of a hill with a panoramic view over the Atlantic Ocean. Apartment that is more than a dwelling by the sea. This was thought to give the greatest comfort and well-being and yet, take advantage of one of the main elements where they […]
Modern and luxurious 2 bedroom apartment enjoying a superb position on top of a hill with a panoramic view over the Atlantic Ocean. Apartment that is more than a dwelling by the sea. This was thought to give the greatest comfort and well-being and yet, take advantage of one of the main elements where they […]
Perfectly situated in the Campo da Republica, the main historic area of the city, opposite the fortress of Peniche. Just a few minutes away are the historic centre and the marina of the city, as well as the pier to Berlenga island and many other places of interest that makes Peniche one of the most […]
2 Bedroom apartment with parking on Av. 5 de Outubro – Avenidas Novas – Lisbon. With 104m2 of area and inserted in building with elevator and currently being recovered in the common spaces. Comprising living room of 15m2, kitchen of 15m2 semi-equipped, 2 bedrooms (13m2 and 9m2), 2 bathrooms (7m2 and 3m2) and 1 parking […]
Apartment in the center of Peniche. Located at the ground floor and consists of 3 bedrooms, 2 bathrooms, 1 kitchen, 1 pantry, garage for 2 cars and large patio with barbecue. Equipped with central vacuum, gas central heating and surround sound. It is sold fully furnished and decorated and functioning as AL (local accommodation). Excellent […]
2 Bedroom apartment in Baleal just 500m from the beach. With sea view and inserted in condominium with swimming pool. Comprising living room and kitchen in open space, 1 bathroom, 2 bedrooms, 2 balconies with sea view, garage for 2 cars and storage. Excellent sun exposure and a fantastic location!
Apartment in a luxury condominium near the Golf courses and two minutes from the beach. Excellent 2 bedroom apartment with fully equipped kitchen, furnished, equipped with central heating and fireplace. In a private condominium with swimming pool. Ideal property for investment with guaranteed profitability! Just a 15-minute drive from Óbidos village. Lisbon and the airport […]
5 Bedroom apartment situated in the Expo (Parque das Nações) emblematic zone of the Portuguese capital, with stunning views over the River Tejo, Vasco da Gama Bridge and the tower of the Hotel Myriad. On the 4th floor of a building in first line river view and consisting of 1 floor with 6 rooms of […]