PORTUGAL GOLDEN VISA PROGRAM - Pam Golding Properties
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
PORTUGAL GOLDEN VISA PROGRAM
PORTUGAL A GATEWAY TO EU CITIZENSHIP
Time for Portugal/EU Residency
6-8 months
Time for Portugal/EU citizenship
72 months
Investment
Real estate
Amount
350,000EUR
Guarantee on investment
100%
Annual return (ROI)
4% rental guarantee*
*ROI may change due to different assets/projects
3
OVERVIEW 4
THE LAW
The Golden Visa Program/ • Capital transfer with a
ARI is the fastest and simplest value equal to or above 350
program that provides foreign thousand Euros for investing
investors the right to reside in research activities;
in Portugal/EU and opens a
gateway to get EU Citizenship • Capital transfer with a
for themselves and their value equal to or above 250
families. thousand Euros for investing
in artistic output or supporting
With the Act 29/2012 and the arts, for reconstruction or
the Order nr. 11820-A/2012 as refurbishment of the national
amended by the Order l66l heritage ;
-A/2013 “GOLDEN RESIDENCE
PERMIT” program started on • Capital transfer with a value
October 8, 2012. equal to or above 500 thousand
Euros, for purchasing shares in
ln accordance with the Act, investment funds or in venture
residence permits to third capital;
country nationals, according
to the “PROGRAM”, are • The purchase of real estate
granted to those who intend property with a value equal
to perform, by themselves to or above 500 thousand
or through a company, any Euros or; The purchase of
activity that generally leads to real estate property, with
the concretization of at least construction dating back
one of the following situations, more than 30 years or located
in national territory: in urban regeneration areas,
for refurbishing, for a total
• Capital transfer with a value value equal to or above 350
equal to or above 1 million thousand Euros.
Euros;
• Located in urban regeneration
• The creation of, at least, 10 areas where the value of this
job positions; investment may be reduced by
20% (280.000,00) provided it
• The purchase of real estate is made in sparsely populated
property with a value equal to areas (less than 100 inhabitants
or above 500 thousand Euros. per sq.km., or where the GDP
per head is below 75% of the
Starting July of 2015, the Law national average.)
was renewed and revised
through the Act 63/2015.
Investors can now carry out
investment activities through
the following ways:
5
GOLDEN VISA PROGRAM The Golden Visa Program is one of the fastest choices for foreign investors or third country nationals to be granted a residence permit, through investment activities conducted within Portugal territory. By investing only 350,000EUR or above, residence permit holders already have the right to reside in Portugal and enjoy free travel within the 26 nation members of the Schengen zone. The main benefits of the program are the various choices of investments, fast processing and a minimal requirement for residency. This makes Golden Visa the fastest growing investment immigration program in Europe. COST AND BENEFITS Investment Return on ROI after amount Investment (ROI) 6 years 350,000EUR++ 4%* 86,250EUR* *ROI is calculated on 350,000EUR and could vary due to different projects/assets 6
APPLICATION FORM INCLUDES
Principal The Minors or First-degree Minor siblings
Applicant (P/A) Spouse unmarried relatives of the provided they
children who P/A or his/her are under the
are financially spouse that live tutelage of
dependent on dependently on the P/A
the Couple the Couple
7
ADVANTAGES 8
ADVANTAGES OF
GOLDEN VISA PROGRAM
• No requirement on • Refund 100% of investment
management experience after 5 years or flexible
schedule of refund based on
• No requirement on age, the desire of Investors
language or education
credentials to apply for Golden • Right to live, do business,
Visa study in Portugal and/or EU
under certain conditions
• Simple process of application
• Minimum time requirement to
• Quick processing time to stay in Portugal is on average 7
receive residence permits days per year
• Various and low choices • Travel freely within the
for investment, only Schengen zone
350,000EUR++
• Portugal doesn’t charge tax
• No strict requirement on on worldwide income
Source of Funds
• Apply for citizenship easily
• High return based on annual and be granted EU benefits
rental guarantee of 4%*
REQUIREMENTS
• Be 18 years of age or older, no age limit
• Possess a valid passport and reside legally in a country
• Investment period for at least 5 years or until the time the
investor can get the Permanent Residence card.
• Comply with the minimum time of staying in Portugal
- 1st year: 7 days
- 2nd and 3rd year: 14 days
- 4th and 5th year: 14 days
- After the 5th year: the Investor can apply for permanent
residency
- After the 6th year: the Investor can apply for Portugal/
EU citizenship
• Permanent residency and citizenship require a basic knowledge
of Portuguese language
• Comply with the Health Insurance Policy
9
PROCESS
1
Check Investor Eligibility for
Golden Visa Program (an
2
Sign POA and Agreements
3
Transfer investment fund
and all related fees to the
exploratory visit may occur, Authenticate documents at Applicant’s personal account
optional) Portugal embassy in Portugal
104
All documents are submitted
to SEF online
5
Travel to Portugal for SEF
Interview
6
Hold Residence Permit
for 5 years
Interview is scheduled after Final decision of SEF Convert to Permanent
SEF analyzes documents (30-90 days) Residence after 5 years
of Residency
Convert to Citizenship
after 6 years
11STATISTICS
According to the statistic of SEF, from October 2012 to February 2018,
Portugal has issued 5,876 residence permits for investors and 9,861
residence permits for family members under the Golden Visa program.
Total foreign investment in Portugal surpassed 3.6 billion EUR, in which
3.2 billion EUR was invested into purchasing real estates. Most of the
investors came from China, Brazil, South Africa, Russia and Turkey.
12GOLDEN RESIDENCE PERMIT
PROGRAMME(ARI) l data from the 08th of October 2012 to the 28th february 2018
5876
Residence permits
Main
Nationalities
for pursuing investment activities
(ARI)
China – 3709
2012 - 2 Total investment Brazil – 507
2013 - 494 South Africa – 234
2014 - 1526
2015 - 766 3.601.816.556,15€ Russia - 206
Turkey – 158
2016 - 1414
2017 - 1351 337.062.493,99€
2018 - 323 by capital transfer
3.264.754.062,16€
by purchasing
9861
Residence permits
a real estate property
5553 ARI by
acquiring real estate
(5439 by article 65-A (1) (c)
to family members and 114 by article 65-A (1)
(d)) Order 15-A/2015 of
(family reunification) September
2013 - 576
314 ARI by
transferring capital
2014 - 2395 9 ARI by creating, at
2015 - 1322 least,10 job positions
2016 - 2344
2017 - 2678
2018 - 546
MINISTÉRIO DOS NEGÓCIOS ESTRANGEIROS
DIRECÇÃO GERAL DOS ASSUNTOS CONSULARES E
DAS COMUNIDADES
Ministry of Foreign Affairs Trade & Investment Agency Immigration and Borders Service
5,876
RESIDENCE
5,553
PERMITS FOR ACT
9,861
PERMITS FOR
PERMITS FOR OF PURCHASING FAMILY MEMBERS
INVESTORS REAL ESTATES
3.6
BILLION EUR
3.2
BILLION EUR
INVESTMENT IN REAL ESTATE
PURCHASES
13INVEST WITH US
PROJECT OVERVIEW
THE REAL COMPANHIA
The project is about the rehabilitation of Casa da
Companhia, an emblematic building that was built in
18th century in Porto, and converting it into a 5 star
Lux Residences hotel with: 32 decorated and
equipped Suites, Club ans Spa, Indoor and outdoor
swimming pool, Fine dining restaurant and Shop.
Located within the heart of a tourist zone in the
second largest city of Portugal, Porto is one of the
oldest European centres, and its historical core was
proclaimed a World Heritage Site by UNESCO in 1996.
Casa da Companhia receives not only support from
local government but also from the EU through
financial fund Portugal 2020
TOTAL CONSTRUCTION
PROJECT COST TIMELINE
11.2 MILLION
EUR 12 MONTHS
ANNUAL RENTAL
INVESTMENT
4%
GUARANTEE
AMOUNT
350,000
EUR
TOTAL BENEFITS
AFTER 6 YEARS
TOTAL OF INVESTMENT
83,000
INVESTORS
32 EUR
14PROJECT NAME
CASA DA COMPANHIA
/LUX RESIDENCES HOTEL
ADVANTAGES BENEFITS FOR THE INVESTOR
• Invest in a qualified restoration real estate project • To be reimbursed a municipal property transfer tax
located in Historic Centre of Porto, a World Heritage worth 13,000EUR upon completion of the project
Site proclaimed by UNESCO
• No annual property tax
• Portugal Fund 2020 support finance during
construction • Receive 4% Return on Investment annually
• The project is the second 5 star hotel in Porto • Become the Owner of the Real Companhia hotel
• City of Porto is top 5 cities in Europe that attract • Flexible Exit strategy
tourists worldwide
• Stay in the hotel to comply minimum time
• Occupancy ranking of hotels in Porto is more than 70% requirement of Golden Visa program
• Low investment amount of only 350,000EUR
32 INVESTORS
FULLY
SUBSCRIBED
SUCCESS
RATE 100%
CONSTRUCTION
STARTED
IN JULY 2017
THE 3RD
5* HOTEL IN PORTO
15INVEST WITH US
A SPLENDID PROJECT PROJECT OVERVIEW
DESIGNED BY EXPERTS
Being inspired by the Porto Cathedral, one of the city's
oldest monuments and one of the most attractive
places for tourists, SÉ CATEDRAL HOTEL is a project of
rehabilitation of an old building in the Historic Centre of
Porto, a UNESCO Heritage in 2012 and conversion into a
boutique hotel of 80 rooms, 5 floors, with amenities
such as restaurant-bar, and a terrace café.
It is located at the heart of the Historic Centre of Porto -
registered as a World Heritage Site by UNESCO; with
front views over the Porto Cathedral and nearby the city
icon “Dom Luís Bridge,” a famous tourist attraction
place in the city. It will quickly establish itself as a key
tourist destination, offering the perfect location to enjoy
the city of Porto. This wonderful project also receives
supports from local government.
• ONLY 350,000EUR FOR AN INVESTMENT
• RECEIVE RESIDENCE CARD IN ONLY 90 DAYS
• GUARANTEED 4% ANNUAL RENTAL INCOME
• GUARANTEED BUY BACK INVESTMENT
• 7 DAYS FREE ACCOMMODATION PER ANNUM
• OBTAIN PASSPORT AFTER 6 YEARS
16PROJECT NAME
SÉ CATEDRAL HOTEL
A combination of Classic and Contemporary design at
the Heart of The Historic Centre of Porto
BENEFITS FOR THE INVESTOR ADVANTAGES
• To be reimbursed a municipal property transfer tax • Invest in Porto - Top 5 leading cities in Hotel and
worth 16,250EUR upon completion of the project Tourism
• No annual property tax • A qualified restoration real estate project located in
the Historic Centre of Porto, a World Heritage Site
• No annual management fee proclaimed by UNESCO with an amount of ONLY
350,000EUR
• Receive 4% Return on Investment annually
• Fantastic location with view over Porto Cathedral,
• Become the Owner of the SÉ CATEDRAL HOTEL one of the most attractive places in the city, with
numerous historic buildings, shopping centers, bars
• Right to sell the asset at any time starting from 2 year
nd and restaurants surroundings
• Free accommodation of 7 days a year for investors • Qualified for government incentives
and their family members
• An opportunity to invest at a reasonable price and
get residence cards for the family
• The hotel is a commercial real estate that
TOTAL CONSTRUCTION generates income annually
PROJECT COST TIMELINE
23.8 2ND QUARTER • A beautiful project designed, created and managed
2018
MILLION by a group of experts in Portugal
EUR
INVESTMENT AMOUNT ANNUAL RENTAL
350,000
4%
GUARANTEE
EUR
68
TOTAL INVESTORS
TOTAL BENEFITS
AFTER 6 YEARS
OF INVESTMENT
86,250
EXPECTED START OF
2019
OPERATION
EUR
1728 MEMBER
GET TO STATES
AND STILL
KNOW
GROWING
THE EU
The European Union is a unique
political and economic partnership
among 28 democracies united in their
commitment to peace, democracy,
the rule of law, and respect for human
rights. The EU’s Member States have
shared some of their powers with EU
institutions, and many decisions are
now made at the European level.
185 IMPORTANT
THINGS TO KNOW
ABOUT THE EU
3. The EU is the world’s largest trading bloc,
accounting for 1/6 of all global trade. The
EU’s single market of more than 500 million
consumers is the main economic regime
enabling services, goods, money and people to
1. The EU has delivered more than 60 years move freely throughout its territory.
of peace, stability and prosperity in Europe.
2. The EU is the United States` most 4. The EU strictly commits to execute climate
important partner not only in terms of political and energy targets more than anywhere else in
and economic relations, but also in addressing the world.
global challenges like promoting energy
security and efficiency, combating climate 5. The EU grants all its benefits to citizens of
changes and helping developing nations. the 28 Member States
THE MOTTO
4.3 24
“UNITED IN MILLION KM2 OFFICIAL
LANGUAGES
DIVERSITY ” 508
MILLION
60
YEARS DELIVERING
TOTAL PEACE AND
POPULATION PROSPERITY
EU MEMBER STATES ACCOUNT THE 12 STARS
FOR ALMOST 1/4 OF THE In a circle symbolize the idea
ENTIRE GLOBAL ECONOMY of perfection, completeness
This means the EU represents and unity.
roughly 25% of the global
Gross Domestic Product.
AWARDED THE 2012 NOBEL EURO CURRENCY
PRIZE for contributing for • World’s second most
more than six decades to the important international
advancement of peace and currency, after the US Dollar.
reconciliation, democracy and • Used in more than 1/3 of all
human rights in Europe. foreign exchange transactions
• Used as the shared currency
by 19/28 EU Member States.
19RIGHTS OF EU CITIZEN
Any person who holds the nationality of an EU • Non-discrimination on the basis of
country is automatically also an EU citizen. An nationality
EU citizen has the right to:
• Vote for and Stand as a Candidate in
• Move and reside freely within the EU European Parliament and municipal elections
• Study, work and enjoy the benefits of • Be protected by the diplomatic and consular
Health Care, Education and Social Security authorities of any other EU country
within the EU
• Combine Social Insurance contributions,
grant State Pensions abroad within the EU
20PORTUGAL PORTO
• Founded in 1128 • Second largest city in Portugal
• Total population of 10.4 million • Historic centre of Porto is named a UNESCO
World Heritage Site
• Ranked 38/140 on national economic
competitiveness • Revenue mainly from Tourism and Export
• Among the top 10 safest countries in the World • Porto wine was ranked No.1 in 2014
• Lisbon and Porto are the 2 main cities • Porto was elected The Best European
Destination in 2014 and 2016
• Among the Top 5 cities that welcome tourists
in EU with an occupancy rate of over 70%
21THE GOLDEN VISA PROGRAM offers the fastest gateway for investors
to become EU citizens. Being granted Portugal residency will give
investors and their family members access to public Health Care,
Education and Social Security. It also gives them a chance to
become EU citizens and enjoy the benefits of the EU as a whole.
DISCLAIMER:
Disclaimer: Any liability that would or could arise as a result of the contents of this brochure is hereby excluded to the fullest
extent allowed by law. None of the material contained in this brochure constitutes legal, tax, investment or any other advice
on its subject matter. Although reasonable care has been taken to verify the accuracy of the content hereof, no representation,
express or implied, is made as to the accuracy, completeness or correctness of the information or opinions contained in this
brochure either at the time of its publication or otherwise. Neither Pam Golding Properties (Pty) Ltd, nor its directors, offices,
employees, agents, advisers, shareholders or associated companies shall be liable for any direct, indirect or consequential loss
or damage suffered by any person as a result of relying on this brochure, or as a result of any omission therein. Accordingly,
please do not act in reliance on the information published without consulting a suitably qualified independent legal or other
professional advisor of your own choosing. Pam Golding Properties shall not be liable for any direct, indirect or consequential
loss or damage suffered by any person as a result of their use of or reliance on any of the advice provided by any one or all
of the professional advisers identified by Pam Golding Properties in this brochure. Any and all information contained in this
brochure is subject to change without notice and subject to the law as currently stated in Portugal.
2223
Interested in exploring more, please contact: +27 21 762 2617 • portugal@pamgolding.co.za • pamgolding.co.za/portugal
You can also read
