The Golden Visa programme as we know it is coming to an end next year and while Non Habitual Residency continues to be an attractive tax regime, this really is the idea time to make the most of these very favourable incentives for investors in Portugal.
The Golden Visa in Portugal is a government programme that grants citizenship in Portugal in exchange for investment in specific areas, including property. This is an amazing opportunity for non-EU citizens and their dependants to acquire citizenship, which in most cases would be extremely difficult or impossible for many people otherwise.
There are several different options to acquire a Golden Visa, with the property route being the most popular by far, and that’s where Tamea International’s expertise can help.
Some of these options include:
- Purchasing a property in Portugal to the value of €500,000 or greater.
- Buying a property in Portugal to the value of €350,000 or higher that is located in an urban rehabilitation zone, with construction dating back more than 30 years for renovation.
On 1 January, 2022 the Golden Visa rules are going to change but there is no need to worry because the Tamea International team are here to guide potential investors through new regulations. Simply contact the team to find out what requirements you will need to meet to still be able to take advantage of the Golden Visa. Tamea International are also able to source exclusive properties from across the market that tick all of the necessary boxes to allow potential buyers to benefit from the unique opportunity the Golden Visa offers.
The Non-Habitual Resident tax regime is another alternative for investors, basically allowing foreign income, dividends and capital gains to be exempt from Portuguese taxation for ten consecutive years, while there is also an exemption on foreign employment income if it is effectively taxed at source. While this tax benefit is clearly very attractive, especially to high net worth individuals, it is not just tax benefits that make Portugal the country of choice for many investors.
Quality of life
Alongside the stunning beaches, golf courses and undeniable fantastic weather, Portugal offers a high quality of life thanks to the cost of living in the country and exciting opportunities, such as job creation and new industries.
Portugal is both trendy and affordable, meanwhile there has also been a technological renaissance in the country with Lisbon and Porto having been recognised internationally as flourishing start up hubs, popular with tech businesses and digital nomads alike, while the Web Summit Conference has been hosted by Lisbon since 2016.
The burgeoning tech scene has helped to encourage the opening of co-work spaces, new restaurants and cafes, galleries, cultural spaces and has allowed the country and Lisbon in particular to become a truly multicultural and exciting city to invest in. Let Tamea International help you to find the ideal property for you to take advantage of all that Portugal has to offer.