At the end of 2021 The Portuguese Golden Visa went through some significant changes. In 2023, direct property investment into residential property in Lisbon, Porto and the vast majority of the Algarve region is NO longer Golden Visa eligible. Golden Visa Portugal properties in these locations are still available, yet much harder to come by given that only commercial property is Golden Visa eligible in the major cities.
After raising over €6 Billion in investment through the Golden Visa program since 2012, the government is now focused on attracting foreign direct investment outside of the major cities and into the ‘interior areas’ of Portugal while also encouraging investment into the commercial and touristic property that can significantly benefit the local economy.
Portugal Real estate investments are also subject to the following taxes:
Yes, rental income in Portugal is taxed at 28%.
The new Portugal Golden Visa rules came into effect on January 1st 2022. It is now NO longer possible to purchase residential property in Porto or Lisbon and apply for the Portuguese Golden Visa. However, commercial property investments in both cities remain Golden Visa eligible.
Investors must maintain their investment until they acquire permanent residency or citizenship. Investors who spend 1 week per year in Portugal for 5 years and achieve a basic level of A2 Portuguese are then eligible to apply for citizenship in Portugal.
Yes, you can make an investment into pre-constructed or pre-refurbished property and apply for the Portugal Golden Visa immediately, so long as you meet the minimum investment requirements.
Yes, so long as the total value of the investment exceeds the minimum requirement it does not matter how many different properties you invest in.
Only if the funds are financed by a bank outside of Portugal.
Investments can be made through a Portuguese Limited Liability Company incorporated by the investor.