Lower Portuguese Golden Visa price offers EU residency at great value for South African investors
It offers flexible real estate investments and great value, especially for South Africans. There’s limited availability of a fantastic property investment in Alentejo, starting from just €280,000.
Portugal continues to be a popular destination for South Africans looking to invest or gain EU residency. The benefits of the Golden Visa Portugal programme – also known as the Golden Residence Permit Programme (GRPP) – are clear: visa-free access to Europe, an excellent property investment and a plan B for investors and their families.
A Portuguese Golden Visa will allow you and your family to apply for permanent residency and even Portuguese citizenship after five years. The minimum residency requirements are low – you’ll only need to spend at least 35 days in Portugal over a five-year period.
Property purchases continue despite lockdown
This is great news for investors looking to get the process started. Despite lockdowns, we have clients who have purchased off-plan properties remotely for investment purposes.
The Portuguese government has also put on hold plans to remove Porto and Lisbon as qualifying investment areas, so now is a good time to get the process started if you’re interested in these locations.
The Golden Visa programme’s flexibility allows you to settle on an investment solution that fits perfectly with your financial requirements.
Low-density qualifying investments in Alentejo
There is limited availability of qualifying Golden Visa investments in the low-density Alentejo area, starting from just €280,000. This is a solid real estate investment opportunity at one of the lowest rates for a Golden Visa.
The properties are in a very attractive area within the countryside Alentejo area of Portugal. Investments start at €280,000 and go up to €400,000.
These properties are perfect for renting out to make a return on your investment.
Other benefits include:
- Guaranteed property management
- Guaranteed returns on your investment
- Luxury off-plan properties available
Other investments in Portugal
The Golden Visa Portugal programme provides a variety of investment options and different ways to structure it. It’s best to work with an advisor to find the investment that’s perfect for your personal circumstances. Here are two other options worth consideration:
Private equity fund investment opportunity
This is a €350,000 hands-off investment in a managed hotel private equity fund in Lisbon. It’s best for investors who want to buy in to something that is already set up. Benefits include:
- Preferred returns of 3%
- No hidden purchase costs
- Easy hands-off investment
- Upside on share of operational income
- Exempt from income tax in Portugal
- Managed by credible partners
Luxury hotel apartments in Porto (only available until January 2021)
If picturesque Porto turns your head, these popular turnkey investments are set on the banks of the Douro river. There are studio, one-, two- and three-bedroom apartments available.
If you’re interested in these apartments, you’ll need to act fast as they’re only available for a limited time.
Benefits include:
- Managed by an experienced hotel management company
- Top specification finishes
- Guaranteed returns
- Allocated usage for owners throughout the year
Transferring funds for your investment
A trustworthy forex service is essential when investing in Portugal to get the most out of your Rands. You will need a forex account for international transactions necessary for investment, as well as any required regular money transfers.
There are some excellent advantages a forex provider offers you over using a bank, including better exchange rates and exceptional service tailored to you.
We specialise in providing a personalised and cost-effective forex service that complements your investment.
Direct flights to Portugal via TAP Air Portugal
From 11 November 2020, TAP Air Portugal will be operating three direct flights to and from Lisbon out of Cape Town International Airport.
This 11-hour flight will make it a lot easier and more accessible for investors to fly to and from Portugal during the investment programme.
Investors flying out of Johannesburg have been choosing TAAG Angola Airlines flights for their Portugal trips. TAAG offers the most direct flights to both Lisbon and Porto through Luanda at competitive rates.
Get started on your Golden Visa journey
We work alongside experienced and trusted professionals in Portugal to facilitate the process from start to finish. It’s no wonder we’ve successfully assisted over 180 families to find the right qualifying investment in Portugal.
As part of our service, we offer the following:
- Initial personalised investment advice
- Tax clearance assistance
- Forex services including opening of account for international transactions
- On-the-ground service in Portugal
- Dedicated caseworker to assist you with paperwork and preparation
- Continued support throughout your investment journey
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