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Portugal is one of the topics that is often discussed on this channel. It’s not a surprise that Portugal is a popular country among our clients – we have many clients that applied for Golden visa and D7 visa in Portugal.
Many of them took advantage of the NHR tax regime, and many are hoping to obtain EU citizenship after some time.
Path to citizenship without actually having to live in Portugal is extremely appealing to many people! Not many places offer this.
How can this be done? Via golden visa route. You buy property, you get permanent residency, and there are no obligations to live in Portugal. After 5 years you apply for citizenship and that’s it.
However, in 2021 and the beginning of 2022 Portugal changed some rules. This changed the big picture, when it comes to investing in this country.
So what changed and what should you do now?
First of all, they removed all the most desirable options from the Golden Visa investment options – Porto, Lisbon and pretty much all the coastal region.
This means that you can purchase property in the interior of Portugal, and areas like Madeira.
Fund option is still available, however they increased the amount from 350 000 our to 500 000 euros.
You can do a donation and a bond option but in my opinion those don’t really make any sense.
If you still want to invest in Porto and Lisbon you can purchase commercial real estate.
However, there is an option that may be quite smart for some people.
This interesting option is shared real estate. This is the lowest entry point. You can put 280 000 euros and you’re good to go. This option won’t give you any yield on your investment. This is usually a hotel development, such as Hilton.
I’m definitely more positive about this option than I was last year.
If you’re still interested in Portugal Golden Visa this investment option may be the best in the current situation!
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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