A lot of our clients ask about guaranteed rental on investments when they are seeking the golden visa either in Portugal or Spain. Most importantly anyone looking to gain residency needs to consider the rules of each country’s scheme for minimum stay in order to retain the visa. If the property is rented full time this creates the issue of somewhere to stay when spending the minimum period of two weeks a year in Portugal. Rather than invest in a property to rent full time on a long lease, investors can look at resort properties in Portugal. These are property investments the same as any other to qualify for the investor visa in Portugal. But on a resort you have a steady supply of holidaymakers looking to rent for one week or two weeks. Sometimes a few months. By picking the right resort with facilities for example golf and beach attractive to holidaymakers this is perfectly possible. But then it’s also important to select a resort that can manage the rental and allow you to use your property for periods you plan in advance. We have several such options in Portugal. Please contact us for details.
Portugal’s Golden Visa has been operating for over a year now and we are delighted to be involved in this programme offering property in several locations throughout Portugal that will qualify for the residency visa.
The scheme is similar to that in Spain although further advanced being 12 months ahead of the Spanish visa offering. Over 400 visa applications have been processed in Portugal since the start of the golden visa programme.
Investors need to spend a minimum €500,000 to qualify for the Portuguese residency visa. It can be renewed after 1 year, 3 years then 5 years. Owners of a property in Portugal can apply for citizenship after 6 years provided they have retained the investment of €500,000 in property.
La Vida Portugal is delighted to help with visa and property enquiries for investors looking to buy into the Portugal Golden Visa scheme with a minimum €500,000 investment in property. Please see the about us page for our contact details.