Requirements & recommended real estate types
You have to invest a total € 500.000,- in Portugal regardless where and how many properties you buy.
There are a few recommended options in the € 500.000,- range:
- If you are interested in an optimal return of investment than buy 2 apartments for tourist renting;
- If you would like to have a good return of investment and maybe would like to move to Portugal in the future than buy a larger apartment or a bigger house at the silver coast or the Algarve and rent it to tourists;
- You can also buy land (only) in the € 500.000,- option.
Evaluation
The € 500.000,- option is the safest in terms of the Golden Visa approval and also the option with the best return of investment perspective. Because of the high growth rates and the restrictions on touristic rentals in Lisbon, the area along the coast more south are currently the better choice to invest. Touristic properties can always be rented with good returns during them summer and in the winter months the demand has gone up massively for mid term rentals too. Off course renting out on a long term base is also a safe option.
What are the total costs for the real estate application?
Most applicants for the Golden Visa would like to have an overview of the total costs involved. Therefore we simulated the costs for the most popular options for a family of four for the real estate Golden Visa application. The cost overview covers the acquisition costs and the applications cost.
Simulation of general costs for a family of 4, with investment costs 500k
Real Estate purchase costs (€ 500.000) |
|
Real Estate purchase price | €500.000,00 |
Notary | €800,00 |
Land registry | €250,00 |
Property transfer tax | €28.965,00 |
Stamp duty (8%) | €4.000,00 |
Real Estate closing costs | €534.415,00 |
Golden Visa application costs (1 investor and 3 family members) |
|
Process analysis- Biometrics (€ 532,70 for each investor + € 83,10 per family member) | €782,00 |
Residence Permit processing fees (€ 5.324,40 per person) | €21.297,60 |
Optional health insurance (per year) | €700,00 |
Fiscal number and Fiscal representatieve (per year) | €300,00 |
Total Golden Visa | €23.079,60 |
Golden Visa renovation costs 1st year (1 investor and 3 family members) |
|
Process analysis- Biometrics (€ 532,70 for each investor + € 83,10 per family member) | €782,00 |
Residence Permit processing fees (€ 2.666,30 per person) | €10.665,20 |
Optional health insurance (per year) | €700,00 |
Fiscal number and Fiscal representatieve (per year) | €300,00 |
Total | €12.447,20 |
Golden Visa renovation costs 3rd year (1 investor and 3 family members) |
|
Process analysis- Biometrics (€ 532,70 for each investor + € 83,10 per family member) | €782,00 |
Residence Permit processing fees (€ 2.666,30 per person) | €10.665,20 |
Optional health insurance (per year) | €700,00 |
Fiscal number and Fiscal representatieve (per year) | €300,00 |
Total | €12.447,20 |
Source: Martínez-Echevarría & Rivera Abogados |