Following recent tax reforms in 2013, Portugal became very popular with investors throughout the world and particularly for the French. Its geographical location, its culture, its heritage, its lifestyle and its sunny climate 300 days a year are all reasons that explain the popularity and craze of Europeans for this beautiful country that finally emerges from the crisis.
Real estate in Portugal
• Amongst the most attractive prices in Europe
• Fast growing sector
• Known and proven construction quality
• Vast diversity in goods proposed
For investors, the old apartments in the heart of the historic district represent outstanding value.
For expats, the most popular properties currently on Lisbon are the apartments that are being renovated.This indeed allows the combination of modern interiors and authentic facades.
In the Algarve region (southern Portugal), investing in rental property today also allows the diversification of someone’s assets in property that will appreciate over time but also provide immediate profitability.
Why invest in Portugal?
•Accessibility: at 2h of Paris, less than 3h of London, regular and direct flights from all over Europe
• Mediterranean climate, 300 sunny days per year
• Numerous activities (golf, hiking, water sports, cultural visits…)
• Very low cost of living, lowest delinquency rate of Europe
• New tax advantages came into force 2013
Residence and Taxation
• Tax exemption on pension income for 10 years for a person becoming resident in Portugal
• Single tax rate at 20% for persons active in certain specific professional activities and whishing to settle in Portugal
• Exemption from real estate capital gain tax if the funds are reinvested in Portugal or in the European union
• The Golden Visa – Residence Authorisation for investors
It is a residency visa entitling to stay, work and free access the Schengen area (26 countries in Europe). It’s conceded for year and then successively renewed for 2 years. The actions are very simple and even non-members of the European Union can easily access them.
How obtain it?
The investments are for a minimum of 5 years and are of 3 possible types:
1. Purchase of one (or more) property (properties) with a total value of at least 500.000 euros with own funds
2. Transfer of capital in the amount of 1.000.000 euros
3. Creating 10 jobs in Portugal
The advantages :
• Free circulation in the Schengen area and possibility to obtain the Portuguese passport
• The Golden Visa takes into account family reunification. In this way, the close and dependent family can benefit as well from the residency visa in Portugal.
Portugal is currently n°1 in the world according to several indices and expatriation agencies and/or real estate investment agencies. Despite a high demand and the significant growth yet to come on the market, the country succeeds in managing its development in an intelligent and organized way.
Contact:
Investirportugal.fr
[email protected]
Alena Maurice
Travel House, Rue Sir William Newton
Port Louis – Ile Maurice
Tél : +230 207 54 70
Alena Paris
10, rue Mesnil 75116 Paris – France
Tél : 01 84 16 08 53
