Portugal’s Golden visa programme attracts large number of investors from Brazil interested in buying EU residency in Portugal through property investment.
Brazilian nationals do not need a schengen visa to visit Portugal as Brazil has a visa waiver with Europe, yet many Brazilians show a massive interest in getting residency in Europe through property investment in Portugal.
The Golden visa programme in Portugal started in October 2012 to boost the economy and bring growth to real estate sector.
Portugal grants a 5-year residency permit to non-EU citizens who buy a minimum of €500,000 worth of property. The permit allows holders to work or study, as well as to travel in Schengen countries. They can opt to apply for permanent residency after five years.
Golden visa July 2017 statistics show investors from Brazil come second in terms of popularity only next to China. As many as 20% of resident foreigners population in Portugal are Brazilians according to SEF Stat
- China – 3472
- Brazil – 432
- South Africa – 201
- Russia – 179
- Lebanon – 103
Golden visa investments in Portugese real estate hit almost $3 billion in 2017
The Golden visa programme in Portugal offers residency with minimum of 350,000 euro property investment in Portugal (Lisbon or outside lisbon). In Lisbon the capital the minimum real estate investment is 500,000 euros.
The most popular locations for golden visa investment in Portugal are usually seaside properties..
- Lisbon
- Algarve
- Silver coast
- Cascais
- Alentejo
- Albufeira
- Porto
Investors are not required to live in Portugal after receiving the golden visa but are required to visit Portugal atleast once a year.