Portugal Golden Visa Specialists

The Portugal Golden Visa is Changing⌛

Buy Property in Portugal and get residency

Buy Property in Portugal and get residency

Not many years ago, if you wanted to move to another country, you needed to have a specific skill set, a job offer, or a spouse from that country, but that’s not the case these days, many countries have what is known as a golden visa program, and we’ll give you the step-by-step roadmap to buy property in Portugal and get residency.

 

Many people find the option to buy property in Portugal to support their application more attractive than the other investment options because they’re investing their money in a tangible asset that they can hold onto, rent out, get to enjoy, or one day, resell.

 

When you apply for and get a residency in Portugal as part of the golden visa program, you don’t get citizenship automatically. Still, you get permanent residency and can eventually apply to become a Portuguese citizen.

 

The Portuguese residency by investment program or Portugal golden visa has gained immense popularity due to the attractiveness of Portugal’s real estate market and partly because of the flexible stay requirements to maintain your residence status.

Buying property in Portugal overview:

How to buy property in Portugal and get residency?

To buy property in Portugal and obtain residency and eventually citizenship, you’ll need to follow this step-by-step roadmap we’ve prepared.

 

Before we dive into it, you should know that if you were looking to buy a residential property in Lisbon, Porto, and the Algarve, that might not be possible – as the new rules for real estate only allow investors to purchase commercial properties in these high-density areas.

Getting your Portuguese golden visa through real estate investment is still possible. There are many areas nearby these larger cities you can choose from.

 

Now that you are aware of these geographical restrictions, these are the steps you need to follow to buy property in Portugal and get residency.

Buy property in Portugal and get residency

Getting a property in Portugal allows you to acquire a Portuguese residence permit, as long as you stay in the country for a minimum of seven days within the first year and fourteen days in the following years.

 

Buying property in Portugal as a foreigner can be stressful and confusing. That’s why it’s essential to consult local experts in real estate and legal to save your time and money.

How long do I have to keep the property?

If you choose to buy property in Portugal to support your golden visa application, you won’t simply be able to sell it when you choose. If you plan to go through the whole process and eventually apply for citizenship, you’ll need to keep the property for at least five years.

 

However, you have the flexibility to spend a short time in the country to maintain your residence status, and you can rent out your property and earn money while you wait for your citizenship.


Learn more about the Non-Habitual residence tax scheme in Portugal.

What is required to buy property in Portugal?

You must have a notary witness for signing the sales contract and your Portuguese tax number from a local tax office. Learn more about Portugal’s golden visa requirements here.

 

Here’s a list of documents that you’ll need when buying property in Portugal:

 

  • Photo ID

  • Property’s energy certificate

  • Stamp

  • Land register

 

If you choose to go with residential property, there are many other regions, such as the Alentejo area, Évora, and Comporta. 

 

Most larger cities and beach towns in Portugal have all the amenities and infrastructure you’d find in any other developed part of the world.

 

Golden Port Visa has been helping families and investors to make Portugal their new home. We specialize in the Portuguese residency by real estate investment program.

 

Contact us to schedule a free consulting call or send us an email to know more about the Portugal golden visa program.

6 comments
  1. Do you recommend any websites or companies that promotes properties suitable for this? Im looking for the best option to invest in commercial properties

    1. Yes, we can recommend you the commercial properties in our portfolio(see this link): https://goldenportvisa.com/portfolio/. If you would like more in depth assistance please feel free to contact us for a free consultation. Our team would be more than glad to answer any questions you might have.

  2. Hello, i have a question, how long it takes to pay the full price of a property? Is there a payment plan that i can see? Im planning on investing but if i could split the payments would be ideal for me.

    1. Hi Muhammad. It depends on the project and developer. Some projects require you to pay all at once, while others provide payment plans and and can be payed in installments. Regarding your specific situation it would be better to book a call with our team and explain your exact situation so we can help you find a project that fits your specific requirements.

    1. Hi Jessica. The transfer taxes are 6% to 8% of the overall property price depending when you sign the tittle deed.
      We hope this answers your question. In case you need more details please feel free to contact us.
      Thanks.

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