Travel destinations and Portugal real estate offers for Visa to Europe
Travel destinations and Portugal real estate options for Visa to Europe? 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.
Usually, you complete the application through your lawyer, and it can take up to 6 months for approval. It is technically possible to do everything on your own, but I wouldn’t recommend it. If you want to bring along your family members, their application is submitted simultaneously. A processing fee of €532.70 is paid for the first applicant and €83.10 for each of the remaining family members. When your application is approved you pay an approval fee of €5,274.40 for each applicant. After ten to twenty days, you should receive your residency card valid for one 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: Purchase real estate property to refurbish that was constructed more than 30 years ago or located in an urban regeneration area and with a value of at least 350,000€ (three hundred and fifty thousand euros) or 280,000€ (two hundred and eighty thousand euros) for the Algarve, Make a capital transfer of at least 1,000,000€ (one million euros), Create at least 10 job positions. Discover extra info on https://www.idealhomesinternational.com/services/golden-visa-portugal-residency-portugal-property-for-sale-portugal-real-estate-portugal_458.
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. Read even more info at https://www.idealhomesinternational.com/.