Real Estate
Business & Investment in Portugal:
Portugal has an excellent strategic location & business environment, making it unique & the best country in the world. There are no restrictions on foreigners from buying property in Portugal, which attracts foreign investors. Besides this, the government grants five years of residency permits to non-European citizens who want to invest in real estate. To promote real estate investment in Portugal, the government launched the Golden Visa scheme in 2012 & it is still active so under this Programmer, investors need to invest a minimum of 350,000 Euro. This program 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 pretty 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 and explain how to proceed with real estate investments in Portugal.
We are enlightening the Real Estate Investment below:
Real estate belongs to tangible assets, such as land, buildings, natural resources, flora, and fauna, and it has three categories: residential, commercial, and industrial.
Residential Real Estate:
Residential real estate includes flats, villas, and undeveloped lands.
Commercial Real Estate:
Direct investments in hotels, restaurants, offices, warehouses, stores, and shopping malls are called commercial real estate investments. These investments generate income, and the property owner can also give them on rent & lease as well.
Industrial Real Estate:
Investments in factories, manufacturing plants, mines, business parks, and farms are called industrial real estate. Such investments are larger and generate several jobs, enormous profits, and 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 growing, so real estate investment in these sectors will be the best option for foreign business people. Investors can earn a considerable profit by investing in hotels, restaurants, and guesthouses.
- Portugal is a member of the European area, which is critical for a successful business. It also has wonderful other features like a single currency, the 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 investment prices compared to other European countries.
The Portuguese 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.
- The Portuguese government is providing special incentives to foreign investors to develop the rural area.
FAQ Real Estate Investment in Portugal
Q: Can a foreigner buy a property in Portugal?
A: “YES,” a third-country national can buy a property in Portugal.
Q: which documents are 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,” given Europe’s current economic condition, 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 tax’s value depends on the 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; otherwise, some of the world’s renowned real estate agencies are there to help you out.
Q: Does investing in real estate help 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.