Golden Visa, Investment, Real Estate - Portugal

Golden Visa : Invest in Rural Properties with High Income Returns

Since the Golden Visa Program started in Portugal, lots of investors have chosen the option of buying an apartment in Lisbon city center or a Villa around Cascais as their main priorities. However with prices increasing and rental market still focused on Portuguese people which is far away from booming, the return rate of residential properties investments is becoming lower and lower.

This raises the opportunity to find other locations or to diversify the investments into Rural properties. Portugal Rural properties or agriculture properties are at this stage sold with a very big discount and at incredible prices, however is necessary to understand the cost structure of each specific unit to be able to feel confident about this kind of investment. Since Portugal was for many years developing agriculture of subsistence which consists in producing your own food just for living, most of available properties in the market are small fractions of land which do not reveal to be productive and able to generate high income returns.

According to our experience it is very important to choose properties which have already in place plantations over 50 hectares and that costs structure is lean enough to generate high returns. Costs of electricity, water and other products have increased  substantially within the last years and food price is pretty much stable. If you plan to invest in Rural Properties which have a high return we recommend you to choose between the following cultures: Cork Trees, Olive Trees, Vineyards with own Wine Production, Pine Trees or Eucalyptus.  Those are the plantations which offer you a stable and high return that can even reach 20% a year. Since there are very good perspectives of seeing land price increase within the next years, you might be investing in a business that is able to generate over 20% a year within the next 5-10 years.

We have already selected a numerous rural properties with high income returns, in case you would like to visit them feel free to get in contact with us by email or phone.

Portugal Rural Properties at Right Stage for Investment

Portugal Rural Properties at Right Stage for Investment

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Golden Visa

Overstay with a Portugal Short Term Schengen Visa – Tourist or Business

Since several of our investors got a problem of too short term visas while deciding to travel to Portugal we took the decision to post the current solution for their problem.

When you feel frustrated by seeing that embassy where you applied your visa only gave you a 7 days schengen visa or if your visa is expiring and you will not be able to travel since they will not give you a new schengen visa before the expiration of the old one, please find bellow the procedures and considerations which you have to make before do your trip.

1) Schengen Touristic / Business Visa are pretty easy to extend so the key point is to book an appointment for your Visa extension to be able to stay longer than you have permission

2) When coming to Portugal is important that you fly out of Lisbon/Faro/Oporto directly from out of Schengen space. You will not be able to make the following procedures if your flight has a stopover in Germany, or France or any other Schengen country.

To be able to extend your visa you need to state the following things:

a) Hotel Booked and ideally paid till the end of your planned stay

b) Flight ticket with the date of departure over the Schengen Visa expiring date

c) Means of Subsistence something like a Visa credit card or a bank statement will work or cash over 1000 Euro will work.

d) 2 Passport Pictures

Those are the required documents to be able to extend once you arrive for the extension meeting at Immigration Office. Please be aware that Immigration Office only allows you to book the appointment for one day before your expiration visa date, in that way leaves you only one day to react in case you need to leave Schengen space the next day.

How does it normally happen the procedure? The answer is simple, usually Immigration Office is so crowded with work that if you try to apply for this appointment they will give you a meeting much over the date of your visa expiration. If this happens than you are one of the lucky one which can overstay till the date of the meeting and just need to present the paper with appointment booked at immigration office. No fines or other issues will be raised, but please be aware that you can only do this if you leave schengen space from Portugal directly to outside. Usually delay is about 3 weeks from booking time which will provide you plenty of time to enjoy the best of Portugal. In the meanwhile you should not leave the country to other Schengen country since this document will not be valid outside of the country and you might get into troubles with authority.

For any other details we recommend you keep updated with Immigration Office (SEF) before making a trip where you plan to overstay. For Investors is very important that comply with regulations to avoid having problems issuing the Investor / Golden Visa.

How to Overstay with a Schengen Visa in Portugal

Schengen Visa Example

 

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Golden Visa, Investment, Real Estate - Portugal

Portugal: Real Estate Prices Rising Fast vs Tourism Industry

Real Estate Market Lisbon - Real Estate Golden Visa - Portugal Investors Program

Yesterday Lisbon was considered a touristic destination able to beat Barcelona within the next 2 years by a leader of a major Low Cost Airline while visiting the country for contract signing. Major low cost airlines are uniting efforts to improve the amount of passengers they bring to Portugal in order to take advantages of huge  discounts on airport taxes. The amount of visitors that landed in the city exceeds 15 million passengers per year. This equals to 1.5 times the Portuguese population and explains why the economy is surrounded by tourism industry all around the country.

With Portugal Investors Program, golden visa ( temporary residence permit for investors ) bringing a lot of Real Estate Investors into the country,  the effect is awaking other investors non related to visa deal to come back to Portugal for Real Estate Investments. With Financial crisis still in place, Banks are unable to lend money for developers com back to their jobs and start building new properties, leaving the market without enough supply for the amount of demand that is arriving every day.

Some Real Estate companies are still not that optimistic because the product they are bringing to market are not attractive for foreign investors and on this I am considering badly located properties, low quality construction properties, old properties not in conditions of usage or properties which have no perspectives of generating income.

Investors are being very rational when approaching Portugal Real Estate market, they are not coming here to fall in love for properties which they might identify themselves with, they mostly choose properties where the foresee price increase within next years and at same time have a good rental income.

For properties which fall into this category the supply is getting less and less every day and I do not foresee any changes on this situation for the next 3-4 years since in order to build a new development might take at least 2 years to complete everything.

The message is clear to those investors out there if you have any intentions of investing in Real Estate in Portugal as soon as you land in Lisbon to choose your property as faster you make money. Prices are starting to rise and we will see and uncontrolled prices going up within the next 2 years, please be prepared to make money while enjoying your Residence Permit Card without living in Portugal and wining the ability to live in any Schengen Country at your wish.

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Golden Visa

Changes: Police Clearance Report Requested Over 16 Years Old

Even though majority in Portugal is considered only over 18 years old, the criminal responsibility starts over 16 years old.  In the past we have been requesting Police Clearance Reports only for adults when applying for Investors Visa but since the last changes we will continue to fulfill Portuguese law and request criminal responsibility for all persons over 16 years old when joining the Golden Visa / Investors Visa Program.

Please note that Police Clearance report should be issued on your residence area from last 3 years and should be translated into English or Portuguese and stamped at correspondent Portugal Embassy from issuing document Country. For more informations about it, please consult any member of our team for more details.

Police Clearance Report is a document issued by Police or Local authorities confirming that person in case have no police record or in case there are records which type of records are there. Please note that according to our understanding is not a requirement to have a clean Police Clearance Report since the crimes for what you have been condemned might not be translated into Portuguese law. The important information is that for any case where your police clearance report has some records, we are able to provide as much information as possible about that matter.

For more specific information feel free to get in contact with us for a better understanding. For those who did not provide Police Clearance Report for minors over 16 years old before, be aware that when renewing your golden visa residence permit card you will have to present it.

Police Clearance Report for Golden Visa - Investors Visa Application

Minors Over 16 years old are called to comply with this requirement.

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