Portugal


Golden visa programme in Portugal set to become faster and simpler

by Ray Clancy on September 7, 2018

The golden visa programme in Portugal, which has attracted a large number of Non-Europeans to move to the country, looks set to become even more attractive with a shorter and more simplified application process.

There are several ways to access the golden visa programme, but it is the real estate scheme that has proved most attractive and according to the Association of Estate Agents in Portugal (APEMIP), foreigners bought one in four homes sold in the country last year.

Algarve Portugal

(By Steve Photography/Shutterstock.com)

And a new report from international real estate firm Knight Frank reveals that the golden visa scheme has attracted over 6,300 real estate investors since it began in 2012 and is particularly popular with buyers from China, Russia and South Africa.

The programme has been around since October 2012 and is regarded as an efficient way for foreign investors from non-EU countries to obtain permanent residence in Portugal, thereby also allowing freedom of travel in most European countries in the Schengen area. [click to continue…]

{ 0 comments }

Thumbnail image for Spain offers best everyday living costs for British expats

Spain offers best everyday living costs for British expats

July 8, 2016 France

When it comes to the cost of everyday living in some of the most popular locations for British expats, Spain comes out as having the best value, according to new research. The research, which compares the cost of a basket of groceries, shows that Portugal is the next cheapest, followed by France. But France was […]

Read the full article →
Thumbnail image for Portugal expands its golden visa programme

Portugal expands its golden visa programme

August 24, 2015 Portugal

New investment structures are making it easier for people from outside of the European Union seeking to live in Portugal through the country’s golden visa programme. The initial minimum investment of €500,000 has been reduced to €350,000 for investment in properties located in districts designated for urban renewal. Other new programmes are now available including […]

Read the full article →
Thumbnail image for The Algarve named as the ideal place for retired expats

The Algarve named as the ideal place for retired expats

September 29, 2014 Portugal

In many countries there are groups of expats from all over the world who retire to find a dream home and place in the sun. Now, new research shows that the Algarve in Portugal is the ideal location. The region has more than 100,000 resident expat retirees who love its medieval towns, fishing villages, markets, […]

Read the full article →
Thumbnail image for Expats in Portugal with waterside homes face losing them under new law

Expats in Portugal with waterside homes face losing them under new law

June 18, 2014 Portugal

Hundreds of expats in Portugal are being urged to check their property rights under new rules that could see them lose their homes or face a hefty bill for years of land tax. The law, designed to protect coastal areas, riverside and lake locations, also affects people with holiday homes in the country, specifically homes […]

Read the full article →
Thumbnail image for Moving to Portugal? Make sure you check on new driving laws

Moving to Portugal? Make sure you check on new driving laws

May 27, 2014 Portugal

People moving to Portugal are being caught out by new strict driving rules introduced at the beginning of this year. There have been more than 60 amendments to the country’s Road Traffic Act since last summer which include a lower alcohol limit for inexperienced drivers and changes to the use of lanes at roundabouts. All […]

Read the full article →
Thumbnail image for UAE increasingly seen as a top destination for expats, poll finds

UAE increasingly seen as a top destination for expats, poll finds

May 16, 2014 France

The United Arab Emirates is becoming an increasingly popular destination for expats while once popular countries like France, Spain and Portugal have moved down on the list. One reason is that the quality of life for expats in these European countries has declined, with expats feeling the pinch of higher taxes and prices. Indeed, according […]

Read the full article →
Thumbnail image for Golden visas acquired through property investments popular in Portugal

Golden visas acquired through property investments popular in Portugal

November 12, 2013 General

Residency visas in Portugal obtained through investing in property are proving popular by Chinese nationals, according to official figures. Approximately 80% of investors who have visas to live in Portugal through the countries real estate investment route came from China, data from the Foreign Ministry shows. A total of 318 visas have been issued under […]

Read the full article →
Thumbnail image for British retirees looking at different retirement locations overseas

British retirees looking at different retirement locations overseas

November 7, 2013 America

Financial problems in southern Europe appear to have forced a shift in perceptions of desirable places to retire for British people including looking at less obvious destinations. A third of people want to move abroad when they retire, but the popularity of Spain, France, Portugal and Greece has plummeted in the past year, according to […]

Read the full article →
Thumbnail image for New report outlines tax regimes for expats in Europe

New report outlines tax regimes for expats in Europe

November 4, 2013 Britain

Despite a global move towards the sharing of tax information there are still huge differences between different tax systems in Europe, according to a new report. The Global Opportunities Report from UK based firm BDO, says expats should pay particular attention to tax implications of moving to a new country including different types of taxes, […]

Read the full article →
Thumbnail image for Expats advised to think about the hidden costs when they move abroad

Expats advised to think about the hidden costs when they move abroad

September 19, 2013 France

Future expats budgeting for their move abroad are being advised to factor in hidden costs such as little luxuries and unavoidable bills as they can add to the cost of living abroad. The advice comes after a survey by the Overseas Guides Company revealed that the price of cigarettes, wine and beer varies significantly across […]

Read the full article →
Thumbnail image for Expats in Portugal face higher tax burden this year

Expats in Portugal face higher tax burden this year

April 18, 2013 Portugal

Expats in Portugal face paying more tax this year as the government is aiming to increase tax revenues by 30% in 2013 as part of its national austerity programme. The new charges mean that Portugal’s tax burden is now higher than in the UK, France, Spain, Germany and Italy. Expats resident in Portugal are required […]

Read the full article →
Thumbnail image for Portugal simplifies rules for 20% expat tax rate

Portugal simplifies rules for 20% expat tax rate

August 20, 2012 Portugal

Changes to tax rules in Portugal are aimed at encouraging more wealthy expats to invest in the country. It is no longer necessary for non residents to provide proof of previous tax affairs to qualify for a reduced tax rate of 20% on income generated in Portugal.

Read the full article →