Get a 2nd passport with a golden visa in Portugal with real estate opportunities and travel places? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Can foreigners get a mortgage in Portugal? For a Golden Visa Portugal Mortgage, you should ask the local banks located nearby the property. There are no restrictions on foreigners. However, you still need to get your Portuguese Taxpayer Identification Number (TIN) first. Should I hire a lawyer for the Golden Visa Program 2020? Engaging a Portuguese lawyer will make your life easier during the Portugal Golden Visa processing time and protect you from entering in overpriced transactions. The Portuguese tax law requires the appointment of a Portuguese tax representative. Local lawyers are included in our pricing.
The Portuguese parliament recently passed a budget proposal (translation) that seeks to exclude properties in Lisbon, Porto and (potentially) all other coastal municipalities from qualifying for the Golden Visa. The minimum investment amount and number of people you need to employ if you go the business investment route may also be increased. The actual rule changes aren’t yet known. The budget proposal isn’t specific when it comes to the implementation—it only gives the government the mandate to change the rules. Government representatives have said that they don’t wish for this to impact any ongoing investments, and have suggested that the new rules won’t come into effect until the end of the year.
In order to be eligible for the scheme you must conduct an investment activity either as an individual or a company set up in Portugal or another EU Member State, meet the time requirements above and do one of the following: Make a capital transfer of at least 500,000€ (five hundred thousand euros), for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies that, in turn, must present a feasible capitalisation plan. See even more details on Get a 2nd passport with a golden visa in Portugal.
Who is eligible for the Golden Visa? Any third country national—meaning anyone except Portuguese and EU/EFTA citizens—can apply for the Golden Visa after completing a suitable investment into Portugal. The investment can be made as an individual or through a legal entity meeting certain requirements. You will also need to meet the (minimal) physical presence requirements mentioned below. Maintain the investment for a minimum period of five years. Spend a minimum of seven days in Portugal during the first year, then not less than 14 days in each subsequent 2-year period.
As well as being able to experience the Portuguese lifestyle for yourself, the Golden Visa scheme will also provide you and your family with the opportunity to explore the rest of Europe and discover all that it has to offer. Those enrolled in the scheme will benefit from the following: No visa required to enter Portugal , Visa exemption for travelling through Europe (within Schengen Area). You can live and work in Portugal. Dependent family members can also obtain temporary Portuguese residency. Find additional information at https://www.idealhomesinternational.com/.