The Project (€ 280,000 Golden Visa Portugal Investment opportunity)
The Evora Express Hotel Project located in the city of Evora, just over one hours drive away from Lisbon offers the opportunity for investors to qualify for the Golden Visa with an investment of just € 280,000. The 3-star hotel will be operated by a world famous hotel brand and will feature 72 rooms, multi-functional meeting rooms and a restaurant and bar.
There will be a total of 60 investors invited to the project to invest a total of €16.8 million for shares in the hotel which already has an appraisal of over €18 million. The developer offers a guaranteed buyback and investors and can enjoy a 7-day complimentary stay at the hotel. This is designed to perfectly suit Golden Visa investors timeline given that Portuguese Golden Visa residents who spend at least one week in Portugal per year are eligible to apply for permanent residency and citizenship after a period of 5 years.
Evora Express Hotel – 280 000 Golden Visa Portugal Investment
Location
The hotel is located in the charming Portuguese town of Evora. Home to the second oldest university in Portugal, The city with it’s Roman Temple and Historic square is a world heritage site. The vibrant university town of 60,000 inhabitants is makes it is the region of Alentejo’s largest city.
The Developer
The developer of this project has a solid track record in Portugal, specializing in renovation projects for the Golden Visa program and owns around 50% of the market share for such projects in Portugal. They are specialists in this field and are one of the most reputable development companies in Portugal. This is their 12th Golden Visa project in Portugal.
Low Risk & Low Cost
Given the developers solid track record and the fact that they are offering a guaranteed buyback makes this a very low risk investment. Golden Visa investors can rest assured knowing that after 5 years they can sell their investment back to the developer.
This project is also Exempt from both IMT Taxes and VAT on the renovation works making it the lowest costing investment Portuguese Golden Visa Real Estate product on the market when adding into account the taxes.
Why does this project qualify at € 280,000, if the minimum golden visa investment is € 500,000?
Under the Golden Visa law, investments into Real Estate Projects where renovation is required and the property is over 30 years of age OR located in an area of urban rehabilitation allow the investor to qualify for the Golden Visa with a minimum investment of €350,000 EUR. In the case that a Golden Visa project is located in an area of low density qualify a further 20% reduced on the minimum investment is applied.
In the case of the Evora Hotel project, both reductions are applied, giving investors the opportunity to qualify for the Golden Visa program with an investment of just € 280,000 EUR. € 280,000 Golden Visa Portugal Investments are very rare, especially one of such caliber, hence they are extremely popular with Golden Visa investors and they sell out very quickly.
Please reach out to us via WhatsApp on +44 7312 893827 or david@lincolnglobalpartners.com to discuss this project in further detail. Click here to review our other 280 000 golden visa portugal projects.
One comment
Stephen Higgins
November 7, 2021 at 9:30 am
Hi, I’m buying a property in Portugal before the end of this year. I am looking for of investments where I transfer the minimum investment into Portugal from my savings in Australia. I am looking to inspect property the week of 22nd November.
With regards Stephen Higgins