The “Residence Permit for Investment Activity” (Golden Visa) allows non-EU citizens to obtain a residence permit in Portugal.
Government changes to the Portuguese Golden Visa
Golden Visa will now be awarded to those who invest in areas outside Lisbon and Porto. Namely, Golden Visa will now concern Coimbra and Região Centro, Alentejo, as well as the islands of Madeira and Azores.
Golden Visa will now be awarded to those who invest in areas outside Lisbon and Porto.
Promoting several regions
The main reason for this measure is to favor the promotion of investment in low density regions, attracting investors to other areas of Portugal and for investment that creates jobs.
Obviously, many real estate actors are worried. However, this change brought to the Golden Visa program in Portugal should be viewed with some optimism. Indeed, it will boost several Portuguese regions.
Brazilians, Chinese, and Americans
Portugal has been in fashion in recent years with the Brazilians, Chinese, French and Americans who came here to live and invest. Out of these countries, only France is part of the EU.
Golden Visa = fast-track residence by investment program that grants non-EU/EEA citizens a Portuguese residence permit in exchange for an investment in the country
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Which Portuguese regions will benefit?
Coimbra and Região Centro
The City of Coimbra and the entire “Região Centro” is applicable to Golden Visa, and will benefit from these modifications. Did you know that Coimbra is classified as a World Heritage Site by UNESCO?
Coimbra is a city full of universities and students. Also, the entire Central Region of Portugal is characterized by mountains, traditional villages and fantastic beaches. It clearly offers unique business and investment opportunities.
Legacis (International Lawyers) provides legal advice to foreign investors interested in conducting real estate business throughout Portugal
Without leaving this region, we find a city called Fatima, known as the “Altar of the World”.
Fátima is located in a region that includes the city of Leiria and Nazaré Beach. Furthermore it is home to two monuments classified as World Heritage: the Monastery of Batalha and the Monastery of Alcobaça.
Alentejo, and the Golden Visa
Another beautiful region of Portugal is Alentejo. More and more people are surrendering to the charms and tranquility of this region.
Alentejo is also home to Alqueva, the largest artificial lake in Europe. Among breathtaking landscapes, we find the historic city of Évora, close to Beja International Airport.
The Azores, Portugal’s beauty
In the blue immensity of the Atlantic, the Azores Archipelago is a land full of natural beauty.
With a privileged location, the Azores also offer financial incentives and advantageous tax regimes. Indeed, the Azores are among the most competitive regions in the European Union.
Madeira, where Cristiano Ronaldo was born
Without leaving the Atlantic, we find the Madeira Archipelago, where Cristiano Ronaldo was born. Madeira was recently awarded as World’s Leading Island Destination 2019 (World Travel Awards).
How can I get a Golden Visa in Portugal?
Need more information about Golden Visa? Visit www.legacis.eu/vistos-gold or write to geral@legacis.eu
