Britons with residences in Portugal invitation to ‘gold’ visas
“ANSome people used to spend four months in a row in their homes and then realized that they couldn’t anymore. (…) Many Brits who had never thought about it are looking at the ‘gold’ visa option for access without the extended one to Portugal”, he told the agency that they have.
Since the entry of the ‘Br, to 0 20 days 1, citizens from January 1 and can only spend 180 days of freedom of movement.
The Residence Permit for Investment (ARI), known as the ‘gold’ visa, allows holders of foreigners and family members to remain in Portugal for an indefinite period and unlimited mobility in the 26 countries of the European Union that are members of the Schengen zone.
According to Hip, it is estimated that 60,000 real estate properties in Portugal are held, and many that have been for these things or plans not real because they are not allowed for these things or real plans in the United Kingdom for reasons or professionals.
“Those who don’t want to change the fund and people are always in a situation determined for the ‘gold’ visa option, whether buying an investment in a compatible investment”,
Since January 1st, real estate investment for the purposes of ‘gold’ visas is more restricted in prime areas, such as the coast and metropolitan areas of Lisbon and Porto, where only tourist acquisitions of commercial or tourist vehicles are allowed.
The new residency regime in Portugal allows those who invest at least 350 euros in residential property to allow 0 in the Autonomous Regions of the Azores of Madeira and only in the interior regions.
There are also other options for obtaining the ARI, such as creating a business or investing in scientific research or cultural activities.
Christina Hippisley said that Britons are aware of opportunities, especially rural homes in the interior of the country, because they are cheaper and fall under the ‘gold’ visa program.
“It is very interesting, the British are looking far beyond the Algarve and Lisbon now. They are looking for Castelo Branco, Évora, around the River Zêzere, north of Coimbra, because it is said to be very cheap”, he reveals.
A recent phenomenon is that of Portuguese companies, known phenomena in rehabilitation for foreign investors, which, admitted, or risk of “distorting the market again” and making the country’s prices in certain areas, as happened in the Algarve, Lisbon and Porto in the last years.
The Portuguese Chamber of Commerce in the United Kingdom will resume next Thursday in London the seminars presented on how to establish residence in Portugal, a format that has been successful in recent years and is close to being fully booked.
The event, uninterrupted from 11:00 am, will have more than 20 exhibitors, including real estate agents and developers, tax and financial advisors, visa specialists, lawyers and investment fund managers, in addition to live presentations and debates.
The number of British residents in Portugal has almost doubled in four years, from 22,431 registered in 2017 to 42,071 in 2021, according to the Foreigners and Borders Service (SEF) figures.
Read Also: PCP justifies vote against in the EP on ‘golden visas’ with lack of measures
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