The Golden Visa program is a highly sought-after option for individuals from abroad who are considering relocating to Portugal. It enables you to secure residency by investing in real estate, with a minimum property value of €500,000 (or €350,000 if some renovation is required). Once obtained, this visa provides you and your family the right to reside, work, and study in Portugal. Additionally, it's renewable every two years, provided you spend a minimum of two weeks in the country during each renewal period.
Portugal stands out as one of Europe's prime destinations for property investment and rental income. Regardless of your target market, whether it's local residents, expatriates, or tourists, Portugal's rental market is robust year-round. Notably, rental properties thrive during the summer months, with high demand due to the favorable climate. The Algarve, in particular, is a top choice for rental property investments, as its mild climate ensures a consistent flow of renters even outside the peak tourist season.
One compelling reason to consider property investment in Portugal is the Non-Habitual Residency (NHR) tax regime. Established in 2009, the NHR program was designed to attract individuals with valuable economic and cultural contributions to reside in the country. If your profession aligns with the Portuguese government's preferences, you may qualify for tax benefits under this regime.