Can I take my family & What are the costs?
Portuguese Golden Visa Program for Family Members
The Portugal golden visa program allows family reunion, permitting the following family members to join the golden visa holder in Portugal:
Spouse
Dependent children
Adopted children
Full-age dependent children who are still engaged in study
Dependent parents of either the golden visa holder or spouse
Minor dependent brothers or sisters who are under guardianship of the Golden Visa holder.
Family members receive the same rights, and will also be eligible for permanent residency or Portuguese citizenship after five years in the Golden Visa Program.
What are the costs?
The Golden Visa programme starts from as little as 280,000 Euros, which needs to be invested into a property purchase. As we have the developments in place, the local developers and management companies will guarantee you a 3% return over the first 5 years, (this 15% will be paid in a single payment upfront), with any returns above 7% being split 50/50 between you and the developer.
Once your passport has been issued and citizenship is confirmed, the developer guarantees to buy back the property, at the price paid, in 6 years time.
I would expect the property prices to considerably increase over this period, however, it's a great guarantee should a property crash occur or should you not want the hassle of going through the sales process, once citizenship is achieved.
An investment into the local market of 350,000 euro's into a managed property fund is the quickest route to residency, as it eliminates the time process of a property purchase.
From January 2022, to obtain residency, the minimum investment will rise to 500,000 Euro's with additional property criteria, such as, refurbishment level, low density, property age, etc and associated price increases added.
For more information, please contact me. I will be happy to help with whatever questions you may have.
Rob.
E: robert.gourlay@holbornassets.com T: (+6) 01151565649 W: www.rgwealthsolutions.com
Comentários