Travel attractions and Portugal real estate offers for Visa to Europe

Portugal travel attractions, real estate offers and entry visa for Europe? Why live and invest in Portugal ? Because is one of the major touristic attractions of Europe and the perfect retirement home! Last 3 years, the tourism industry increased by 50%. Golden Visa Investors can participate in the very attractive short rental market renting properties to tourists generating 5% to 10% rental income. The real estate market in Portugal is booming. Portuguese investors do not bring their money to the banks anymore. Portuguese investors prefer investing in real estate properties. Since 2018, you can invest 350’000 EUR in a fully regulated Portugal Golden Visa Investment Fund creating a fast investment solution with high returns. The Investment Fund will invest in properties easy to sell and easy to rent out. It is expected a return of over 6% per year. There are no grey areas in this program. If you invest you receive the option to relocate at any given time and after 5 years you receive the Portuguese Citizenship with an EU Passport.

In the first two years, you must spend at least a total of fourteen days in Portugal. To renew your residence permit and receive a new residence card, you need to go through a renewal process about one month before your current residence card expires. During the renewal process, you have to retake biometrics (fingerprints, etc.), provide up-to-date criminal records, and pay a fee of €2,637.20 for each applicant. Additionally, the processing fee is again €532.70 for the first applicant, and €83.10 for other applicants (family members). Your new residence card is again valid for two years. During this period you again need to be in Portugal for at least 14 days (consecutive or non-consecutive).

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. Read additional details at Portugal’s golden visa is the best way to move to Europe.

While the program has benefited more than 6,500 foreign investors so far, it has also been beneficial for the Portuguese economy. As of this writing, the total investment into Portugal as a direct result of the program has reached a whooping €4,851,321,701. That’s almost five billion euros. That’s great news for prospective investors, as the program has broad support from nearly all political parties in Portugal. While a conservative government introduced the program in 2012, the current socialist coalition government has even expanded the program since seizing power at the end of 2015.

Initiated in 2012, the Portuguese Government’s Golden Visa Scheme has reportedly seen nearly 5 billion euros already invested into the country and over 8,000 third country nationals granted temporary residence permits (14,000 people if you take into account their direct dependents). It is easy to see why it has been so successful as Portugal, with its warm climate, gorgeous beaches, fine cuisine and laid-back attitude, remains an extremely attractive proposition for those looking to live, retire or invest abroad. Find even more details on https://www.idealhomesinternational.com/.