What are the Benefits of the Portugal Golden Visa?
You can get a Portugal Golden Visa by purchasing a property. Most people think you need to purchase property that costs at least €500,000 in Portugal to get a Golden Visa. However, you can spend less. If you purchase real estate in a low-density area in Portugal, the minimum to spend is €400,000. You can also buy real estate that is over 30 years old in an urban rehabilitation area and renovate it for at least €350,000.
You do not need to buy one property, you can purchase multiple properties. Just make sure to meet the minimum amount. You can also combine your investment with other applicants. For example, if you purchase a €1 million house with a friend, both of you can apply for the Portugal Golden Visa, as each of you has spent a minimum of €500,000.
If you do not rent out the property, you do not pay any tax on it. However, if do, your real estate income is taxed at a flat rate of 28%.
However, since January 2022, you cannot purchase residential properties in Lisbon, Porto, and coastal towns. Only residential properties in Azores and Madeira, as well as interior territories, are now eligible for the Portuguese Golden Visa through residential real estate investment.
Take a look at where you can purchase property in Portugal to be eligible for the Golden Visa and which type of investment (residential and commercial) below. MORE »