Real Estate
Portugal has an excellent strategic location & business environment, making it unique & the best country in the world. No restrictions on foreigners for buying a property in Portugal, which always attracts foreign investors. Besides this, the government grants five years of residency permit to Non-European citizens for investing in real estate.
Real Estate Investment in Portugal:
For promoting real estate investment in Portugal government was launched the Golden visa scheme in the year 2012 & it is still active, so under this Programmer investor needs to invest a minimum of 350,000 Euro. This programmer is also considered the fastest process of getting (CBI) citizenship by investment. Real Estate Investment is relatively safe & straightforward as well as foreign business people can obtain a residence permit for their whole family members. Still, it is mandatory to maintain the investment for a minimum of five years. Lisbon and Porto’s cities are quite famous for investment. Therefore, foreign investors are coming to Portugal and making real estate investments under (FDI) Foreign Direct Investment.
For real estate investment, our legal advisor will help you prepare all the necessary documentation. He/she will make you understand how to proceed with real estate investments in Portugal.
We are enlightening the Real Estate Investment below.
Real estate belongs to tangible assets, for instance: land, building, natural resources, flora, and fauna, and it has three categories: residential real estate, commercial real estate, and industrial real estate.
Residential Real Estate: Residential real estate includes: flats, villas, and undeveloped lands.
Commercial Real Estate: Direct investments in hotels, restaurants, offices, warehouses, stores, shopping malls are called commercial real estate investment, and these investments generate income, and the owner of the property also can give them on rent & lease as well.
Industrial Real Estate: Investment in factories, manufacturing plants, mines, business parks & farms are called industrial real estate, and such investments larger in size and generate several jobs, enormous profit as well as taxes to the government.
Reasons to Invest in Real Estate of Portugal:
- Portugal is the world’s leading tourist destination. According to the World Tourism Organization (UNWTO), in 2017, about 11,423,000 international tourists arrived. Nowadays, tourism is overgrowing, so real estate investment in these sectors will be the best option for foreign business people. By investing in hotels, restaurants, guesthouses, investors can earn a considerable profit.
- Portugal is a member of the European area, which is the critical thing of a successful business. It has marvellous other features like single currency “Euro” and free trade, without internal borders, goods and services can move without obstacles.
- Portugal has a stable political and social environment.
- Foreign Investors can apply for residency or Portuguese citizenship and move freely in the Schengen zone
- In Portugal, cities like Lisbon and Porto have competitive prices for investment compared to other European countries.
- Portuguese’s government promotes Foreign Direct Investment and facilitates private investment (like real estate).
- Unique tax benefits, including tax exemptions on pensions, capital gains income, dividends, and interests.
- For renewing residence permits, there is no specific requirement to stay in Portugal for the long term; the person can stay only for seven days continuously, which is sufficient.
- For the development of the rural area, the Portuguese government is providing special incentives to foreign investors.
The FAQ’s
- Q: foreigner can buy a property in Portugal?
- A: “YES,” a third-country national can buy a property in Portugal.
- Q: which documents required to buy a property in Portugal?
- A: NIF number and Portuguese bank account are mandatory to buy a property in Portugal.
- Q: Does buying a property in Portugal give a good return?
- A: “YES,” with the present economic condition of Europe, Portugal is one of the best places in Europe to invest in real estate.
- Q: What are the taxes for the property in Portugal?
- A: The buyer has to pay a lifetime tax for their property at the time of registration. The value of the tax depends on, value and location of the property.
- Q: Is tax different for a foreigner and a native buyer?
- A: “NO” taxes are the same.
- Q: How can I find a property in Portugal?
- A: You can find properties in Portugal through online research; else, there are some world’s renowned real estate agencies there to help you out.
- Q: Does investing in real estate helps you get TRC?
- A: “YES.”
- Q: Is the price of a property in Portugal very high?
- A: “NO,” according to the survey, Portugal is one of the cheapest places in western Europe to invest in real estate.
- Q: What is the minimum investment required?
- A: Starting from around 30000 euros.s
- Q: Which government of authority permits real estate matters?
- A: Town Halls of every respected location.