The Portuguese government encourages investors and entrepreneurs, who are not citizens of the countries that belong to the European Union, to invest in the country. To this end, it initiated the popular Golden Visa program through which investors receive the status of a resident in Portugal.

A Golden Visa gives real estate investors in Portugal the opportunity to live, work and study in the country as well as move freely throughout and between the member states of the European Union.

The Golden Visa program is very appealing to investors because the residency grants them a residence permit in Portugal. Thus, they enjoy both worlds; Both to be a property owner in Portugal and a resident of the country.

It is important to note that everyone is eligible to receive the golden visa provided they do not have a criminal record.

The real estate market in Portugal is active, extremely prosperous and in demand among investors in Israel and around the world. The country is experiencing economic growth and is developing in an admirable manner. The property prices are attractive and the yields are profitable and adequate. In recent years, the real estate investment channel in Portugal has become one of the most popular real estate destinations in the world.

It must be remembered that Portugal is a European country and also a member of the European Union, nevertheless, real estate prices in the country are extremely attractive.

Foreign investors who purchase property in Portugal benefit from tax benefits and the possibility of obtaining bank financing. Also, high quality of life, low cost of living, stable government, pleasant weather most of the year and the golden visa route attract foreign residents to engage in real estate investments in Portugal and the expected profit.

Charming Portugal is the westernmost country in Europe and lies along the Atlantic Ocean. The great beaches, the stunning landscapes, the vibrant cities, the picturesque villages, the cordial people, the food and the wine, all these and more attract thousands of Golden Visa investors a year from all over the world.

The Portuguese tourism industry is also developing and taking off and the country is considered a tourist hit. Millions of tourists visit Portugal and the number is growing every year. In addition, some people come to Portugal to work or study. Retirees come because Portugal is considered a good destination for retirement age (among other things because there are tax benefits for the pension).

There is a great demand for apartments for rent and the supply does not catch up with the demand, therefore, real estate investors rent out the properties they have purchased for a short or long term, as they see fit.

Throughout the country you can find a wide variety of properties at affordable prices such as apartments, houses, vacation properties, buildings, farms, various projects, commercial and productive properties (offices, stores, warehouses, etc.).

Buying apartments in Lisbon and also apartments in Porto are attractive investment opportunities.

You can focus on buying properties in other cities, in charming villages, in sought-after vacation and tourism areas, at good prices and a profitable return.

In order to be eligible for a golden visa, the government gives several options for investment and one of them is: a real estate route in Portugal.

• Investment from 500,000 euros in all Portugal and all types of real estate, such as: apartments, houses, commercial (shops, offices, warehouses, etc.). In areas where the population is sparse, an investment of starting at 400,000 euros.
• Investment from 350,000 euros in properties over 30 years old or those located in urban renewal areas. In areas where the population is sparse, an investment of starting at 280,000 euros.
• Investment in venture capital funds starting at 350,000 euros.

The purchased property must be held for at least 5 years and it can be exchanged for another property or properties of the same value.

In order to obtain the golden visa, there are other options of investing in Portugal in transferring capital to the country in several channels, for example: research, heritage, science and more.

The process of obtaining the golden visa ranges from 3 to 6 months and it is given to the investor and his family members (spouse and their children).
The visa is valid for one year during which you must stay in Portugal for at least 7 days, and then it must be renewed every two years during which you must stay in Portugal for no less than 14 days.
After 5 years you can get a permanent residency permit.
After 6 years you can apply for a Portuguese passport.

Before the corona epidemic broke out, the Portuguese government planned to make changes to the Golden Visa program, which were intended to be implemented in 2021. Following the epidemic, it was decided to temporarily suspend the implementation of the changes.

The services of Casa Portugal:

• Casa Portugal’s experienced team, which includes Israeli and Portuguese professionals, will assist you in obtaining the golden visa and purchasing the property in Portugal.
• The professional team that includes a Portuguese lawyer and accountant will accompany you in all legal and financial aspects.
• The local experts will locate for you the right property for your needs, desires, goals and budget.
• Since there is a tax treaty between Israel and Portugal and there is no double taxation, we will advise you on the merits of the matter.
• We will manage the purchase of the property for you, the negotiations with the seller and draw up the contracts.
• We will discuss with the bank to get you the suitable and convenient mortgage under the best conditions.
• We will represent you before the relevant bodies and people in Portugal, including those related to the property purchase process and the Golden Visa.
• We will help you submit the request for a golden visa according to the procedures in Portugal.
• We will help you prepare the necessary documents for a golden visa and the purchase of the property.
• We will give you an explanation, advice, guidance and recommendations regarding costs and taxation.
• We will assist you in the various bureaucratic processes and will be at your right hand all along the way.
• We will protect your interests, inform you of the various developments and coordinate with you.
• We will do everything necessary for you to be a satisfied property owner and resident of Portugal.

We also offer investors management services for the property they have purchased. If you are interested in this service,  talk to us .

We are at your disposal for questions and clarifications ☺