GOLDEN VISA PORTUGAL A GOLDEN INVESTMENT & LIFESTYLE OPPORTUNITY
THE GOLDEN VISA PROGRAMME PROVIDES YOU WITH INCREDIBLE ADVANTAGES
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
THE GOLDEN VISA PORTUGAL AN INVESTMENT OR A LIFESTYLE. LIVE OR WORK FREELY IN BEAUTIFUL PORTUGAL WITH A GOLDEN VISA
AN INDEPENDENT GOVERNMENT REGULATED REAL ESTATE FUND
WITH GOLDEN VISA LIVE ANYWHERE IN THE EU PERMANENTLY
QUALIFY FOR TAX EXEMPTION FOR 10 YEARS
A safe investment, low to
Available in 12 weeks from your
A major incentive for
zero taxes with excellent returns of
application. The Golden Visa
Europeans and non-Europeans
circa 20% per annum from
Company take care of the entire
to buy a property in Portugal from
property developments by
process for you and your family
The Tangible Group at a typical
The Tangible Group
20% below current market values.
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PORTUGAL IS AN EXCELLENT CHOICE, WHEN LOOKING TO INVEST OR PROVIDE A QUALITY LIFE FOR YOUR FAMILY.
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
A BEAUTIFUL COUNTRY GRAND BUILDINGS SALVAGED AND TRANSFORMED
You can go back to Roman times and
being the Golden Visa Program offering
read of great dwellings in European cities
permanent residency that has seen over
and today there are centrally located
3,000 residencies granted. An update of
and ornate buildings in cities that were
the Golden Visa laws in September 2015,
exploding in scale dating back in the 18th
reducing entry to just ¤280,000 in return
and 19th centuries. Now many business
for developing property, allows you to
districts have moved on to new clusters
gain residency and make a profit on your
of bigger, smoother, shinier buildings and
investment.
leaving the grand, older ones dark and
There are tax free structures in the form of
empty. For years, the city centre area of
Independent Government Regulated Real
Lisbon became neglected, at best serving
Estate Funds for property development too.
as a canvass for graffiti enthusiasts. Now
There is also a law that permits foreigners
those beautiful buildings are being brought
to pay zero tax for 10-years under the non-
back to life as luxury apartments offering
habitual tax scheme.
excellent returns for investors and wonderful places to live. The Portuguese government introduced
Combining all or part of these laws to maximize your returns on investments, is what we do for you, making beautiful
a number of laws in 2012 to encourage
Portugal an excellent choice, when looking to
foreigners to invest, the most popular
invest or provide a quality life for your family.
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PORTUGAL’S GOVERNMENT INTRODUCED A NUMBER OF LAWS IN 2012 TO ENCOURAGE FOREIGNERS TO INVEST, THE MOST POPULAR BEING THE GOLDEN VISA PROGRAM
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
THE TANGIBLE GROUP RISK AVERSE, PROFIT DRIVEN AND EXIT FOCUSED PROPERTY DEVELOPERS
We extensively study the property market
There is limited residential
A First Class legal team in
trends to ensure that we buy in the next
offer available in the historic and CBD
construction, engineering and architects
hot market where there is value, backed
sectors of the city consolidating future
ensures top quality delivery of
by qualified independent reports.
price projections.
residential buildings.
Allowing you to acquire a residential
Our typical property offer is
Visit our website for details on our
unit in one of the most sought after areas
approximately 20% below market price
approach to property development
of Lisbon at a price well below current
averages in the same location.
www.tangible.company.
market values.
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A SAFE MODEL INDEPENDENT GOVERNMENT REGULATED REAL ESTATE FUNDS IGRREF
the Bank of Portugal, the Portuguese
A FULLY MANAGED, TROUBLE FREE PROCESS THROUGHOUT THE INVESTMENT PERIOD
Governments Department of Finance, provides you with a safe and transparent model. Investments in the fund can only be for the purpose of developing properties, with all income and expenditure visible to the investor at all times during and post the
Legislation changes has seen the introduction of IGRREF that are tax free
Our tax and legal team will structure your
for foreigners as long as your investment
investment in the acquisition of a property
remains, with current legislation at exit of
for development, to bring you significant tax
only 10% withholding tax.
relief. When the property is complete, any
Independently managed by a regulated fund manager under the supervision of
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build works.
rental income and the capital appreciation of the asset purchased are paid to you.
For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
THE GOLDEN VISA COMPANY PROVIDING YOU AND YOUR FAMILY A REWARDING AND SUCCESSFUL INVESTMENT OR RELOCATION TO EUROPE
WHAT WE DO: 1. VISA APPLICATIONS AND RENEWALS 2. OBTAINING PORTUGUESE CITIZENSHIP 3. PROPERTY MANAGEMENT 4. TAX REPRESENTATION.
RESIDENCY
PROPERTY
ADDED VALUE
WE TAKE CARE OF IT
MANAGED FOR YOU
WHAT ELSE DO YOU NEED?
FOR YOU AND YOUR FAMILY
AT ALL TIMES
JUST ASK US.
Your Account Manager and the support
Whether you choose to live in or rent your
We can help you with finding schools for
management team including lawyers,
property when it has been built, it will still
your children, or buying a car and more. Your
accountants, tax experts and real estate
be safely and securely managed. From the
Account Manager has access to an expansive
manage the entire process for you.
furnishings to placing tenants in
validated associate service providers, a
You can choose to deal with just one person
your property. We will take care of the
holiday, travel or perhaps you want to set up
or meet the team who will look after you
entire process right down to selling your
or buy a business, we will help you achieve
from the day you decide to apply
property when you are ready.
your goals.
for a golden visa to when your ready to sell your property and/or apply for citizenship and passport. Importantly, We do the work for you.
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QUALIFYING INVESTMENTS FOR THE GOLDEN VISA PORTUGAL
The Golden Visa programme launched
majority of European countries
requirements. With extremely reduced
by the Portuguese Authorities is a fast
(Schengen area). Aimed at attracting
minimum stay requirements, the
track for investors to obtain a fully
foreign investment to Portugal, the Golden
Golden Visa is clearly one of the most
valid residency permit in Portugal and
Visa is a very straight forward and flexible
attractive residency programs for
consequently free access to the vast
programme, with simple and clear legal
investors in the world.
CAPITAL Capital transfer of ¤1 million Capitalisation on SME’s ¤500,000 Funding of research activities ¤350,000
PROPERTY Any Property Purchase
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Creation of 10 or more local jobs
¤500,000 Any business area Urban Renewal Property Purchase ¤350,000 Rural Renewal Property Purchase
Funding of arts and culture ¤250,000
EMPLOYMENT
All types of business No minimum investment amount
¤280,000
For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
ADVANTAGES & BENEFITS OF THE GOLDEN VISA PORTUGAL
1. Straightforward and flexible investment requirements 2. Extremely low minimum stay requirement - 7 days first year and 14 days following periods of 2 years 3. Fully extensible to family members (with no further investment requirements) 4. Freedom to travel to all European countries member states of the Schengen area 5. Permanent Residency provided you keep ownership of your property investment for five years 6. Option to apply for a Portuguese Passport in year six 7. No limitations on ownerships of the selected investment 8. No limitation on subsequent investments or employment opportunities The Schengen area includes: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Norway, Netherlands, Poland, Portugal, Slovakia, Slovenia, Sweden and Switzerland.
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YEAR
DAY
THE PROCESS BEGINS
1
7 DAYS MINIMUM STAY
1
YEAR
14 DAYS MINIMUM STAY *
INVESTMENT IS MADE
RESIDENCE CARD
RESIDENCE CARD
1-2 WEEKS PAPERWORK
.. .
12 WEEKS BEFORE EXPIRY
.. .
12 WEEKS BEFORE EXPIRY
GOLDEN VISA APPLICATION
GOLDEN VISA RENEWAL
GOLDEN VISA RENEWAL
10 - 12 WEEK PROCESS
.. .
8 WEEK PROCESS
.. .
8 WEEK PROCESS
APPLICATION APPROVED
CONFIRMATION
CONFIRMATION
2 WEEKS
.. .
2 WEEKS
.. .
2 WEEKS
PERMANENT RESIDENCY CARD
PERMANENT RESIDENCY CARD
PERMANENT RESIDENCY CARD
ISSUED 1 YEAR
RENEWED 2 YEARS
RENEWED 2 YEARS
.. .
3
.. . .. . .. .
LIVE ANYWHERE IN THE EU SCHENGEN AREA
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
TIMELINE SHOWING YOUR ROUTE TO PERMANENT RESIDENCY IN EUROPE
YEAR
14 DAYS MINIMUM STAY *
5
YEAR
14 DAYS MINIMUM STAY *
RESIDENCE CARD
RESIDENCE CARD
12 WEEKS BEFORE EXPIRY
.. .
END OF YEAR
GOLDEN VISA RENEWAL
CITIZENSHIP APPLICATION
8 WEEK PROCESS
.. .
3 - 6 MONTHS
CONFIRMATION
CONFIRMATION
2 WEEKS
.. .
2 WEEKS
PERMANENT RESIDENCY CARD
CITIZENSHIP PORTUGUESE PASSPORT
RENEWED 5 YEARS
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.. . .. . .. . .. .
TRAVEL TO OVER 174 COUNTRIES VISA FREE LIVE ANYWHERE IN THE EU. * Also Years 2 & 4
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PORTUGAL’S GOVERNMENT INTRODUCED A NUMBER OF LAWS IN 2012 TO ENCOURAGE FOREIGNERS TO INVEST, THE MOST POPULAR BEING THE GOLDEN VISA PROGRAM
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
THE TAX ADVANTAGES IN 2012 PORTUGAL TOOK MEASURES TO STREAMLINE THE SO CALLED NON-HABITUAL TAX RESIDENT REGIME, TO ATTRACT NON-RESIDENT CITIZENS.
This regime is now fully operational and
AMONG THE TAX BENEFITS ARE:
offers significant tax benefits to those
• Exemption from taxation in Portugal,
wishing to set up residence in Portugal,
of foreign income, originated from dependent
including citizens of other EU countries.
labour or pension income.
The Non-Habitual Tax Resident Regime
• Taxation at 20% flat rate of proceeds from
is applicable to individuals who have not
Portuguese origin, that result from added
been residents in Portugal in the last five
value activities*.
years and that remain in Portugal for more
• The benefits under the Non-Habitual
than 183 days during the related year,
Tax Resident Regime are granted for a
either consecutive or interpolated or have,
period of 10 years.
by December 31st of that year, housing
• Having tax residence in Portugal, also
that they intend to use as their habitual
offers the advantage of no inheritance tax
residence.
for direct relatives.
*Architects and engineers, artists, actors and musicians, auditors and tax consultants, doctors and dentists, academic professors, investors, administrators and managers, senior executives, as specified in the Implementing Order No. 12/2010, from January 7th.
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• 3 INTERNATIONAL AIRPORTS • OUTSTANDING LEISURE FACILITIES • ONE OF THE SAFEST PLACES IN THE WORLD
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
BEAUTIFUL PORTUGAL DID YOU KNOW THAT ACCORDING TO PRICE WATERHOUSE COOPERS PORTUGAL IS IN THE TOP THREE EUROPEAN COUNTRIES LIKELY TO MAKE THE MOST MONEY OVER THE NEXT 10 YEARS
• The Atlantique influences the weather and
challenging surfing conditions in Europe;
tempers the summer heat on the coast to an
numerous tranquil lagoons or river beaches;
average of 27 to 28°C
secluded mountain walks as well as a rich
• Portugal is one of the safest places in the
selection of culture and night life.
world with Lisbon recently voted the safest
• The Portuguese more than justify their
city in the EU
reputation as being one of the most friendly
• Three international airports serve mainland
and helpful people in Europe
Portugal, Lisbon, Faro and Porto with flight
• Portugal is a high income mixed economy.
times from London approximately 2.5 hours
The global financial crisis of 2008 resulted
• Portugal is renowned for its leisure facilities
in a property crash that is only now in 2014
particularly, but certainly not exclusively,
started increasing. Now is the time to gain
for golfers. Outstanding riding facilities set
real discounts in property.
in lavish countryside; some of the most
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LISBON PROPERTY: A GUIDE BY AREA PRIME VALUES 2016 AND OUR SITE LOCATIONS
VALUES ¤/SQM 2016 Almada
Zone 6 Two sites Q 1,2,3
Zone 3 Two sites Q 1,2,3
Zone 5 Two sites Q 1,2,3
Zone 7 Two sites Q 1,2,3 Zone 2 Two sites Q 1,2,3
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€¤7,000-¤12,000
1
Chiado / Santo Catarino
¤6,000-¤9,500
2
Prinicipe Real / Såo Bento
¤5,500-¤6,500
3
Lapa/Estrela
¤3,500-¤6,000
4
Campo de Ourique / Amoreiras
¤6,000-¤10,500
5
Avienda da Liberdade
¤3,500-¤7,000
6
Avenidas Novas
3,500-¤7,000
7
Colina de Santana
¤4,500-¤7,000
8
Zona historica
¤4,500-¤6,000
9
Zona Ribeirnha
¤4,000-¤6,500
10
Restelo / Belem
¤4,000-¤5,500
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Parque das Naoces
¤4,000-¤9,000
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Costa Caparica
Caparica Costa da Caprica Zone 12 Resort Coast South Beach, Caparica Q 2,3
Amora
QUALIFYING INVESTMENTS AND RESIDENCIES 1. GOLDEN VISA INVESTOR DEVELOPMENT: ¤350,000 2. GOLDEN VISA RESIDENCY: ¤500,000 3. NON HABITUAL TAX
For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
LISBON RESIDENTIAL MARKET TARGETED AREAS
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LAPA/ESTRELA
• It is considered one of the best residential areas in Lisbon associated with an image of prestige and ‘social status.’ • It is a neighbourhood sought mainly for the Lisbon upper classes as well as some foreigners working in Portugal. • Characterised by the presence of many Embassies, mansions and luxury projects many of them with a view to the river and the city.
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AVENIDA DA LIBERDADE
• It is the Lisbon Central Business District, where financial institutions and multinationals are located. It is also the privileged area of luxury shopping and where the major 5 star hotels are located. • It is one of the zones with the highest demand for foreign investors, namely Brazilians, French and Chinese, due to its centrality, prestige, and the proximity to the luxury retail offer.
• We have targeted this area and have sourced outstanding property development sites.
TARGET: International investors and families/senior-upper class private use/leasing.
TARGET: National-families/senior upper-class-private use/leasing.
PRIME VALUE: ¤6,000 - ¤10,500
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AVENIDAS NOVAS
• It is one of the biggest and consolidated residential zones in Lisbon, well served for commerce and services. • It is divided into several neighbourhoods ✓ Bairro Azul, close to El Corte Ingles and Gulbenkian. ✓ Saldanha/Avenida de Republica, which is characterized by a combination of residential areas and offices. ✓ Alvalade/Avenida de Roma, residential areas with a typical neighbourhood life. TARGET: National families/senior- medium /medium-high class - private use/leasing. PRIME VALUE: ¤3,500 - ¤7,000
PRIME VALUE: ¤5500 - ¤6500
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LISBON RESIDENTIAL MARKET TARGETED AREAS
WE EXTENSIVELY STUDY THE PROPERTY MARKET TRENDS TO ENSURE THAT WE BUY IN THE NEXT HOT MARKETS WHERE THERE IS VALUE
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For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
LISBON RESIDENTIAL MARKET TARGETED AREAS
OTHER AREAS
1 CHIADO / SANTO CATARINO • Historic old town with museums and restaurants. Several refurbished buildings with prices reaching ¤12,000 per metre.
2 PRINICIPE REAL / SÅO BENTO • Characterized by many mansions and palaces. With the growing demand. Many buildings have been refurbished .
4 CAMPO DE OURIQUE/AMOREIRAS
• Buildings are old and never more than four stories high in this centrally located area.
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COLINA DE SANTANA
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8 HISTORICAL COSTA CAPARICA
• Located in the heart of Lisbon, it has a considerable potential for the residential market and it should be one of the next zones to be refurbished.
• The resort town of Costa da Caparica is popular as the beach offers a continuous 30km stretch of golden sands with waves that are ideal for surfing.
• It includes one of the most multicultural neighbourhoods in Lisbon - Mourana, with its narrow streets across the slopes of the Castle, that have been the target of several urban rehabilitation projects.
• We have secured an option to develop a a beach front resort with unrestricted, incredible views of the glorious coastline only minutes for the city centre.
TARGET: National-families/senior medium-class private use/leasing/short term.
TARGET: International and national families, upper/middle class. Combines private use and holiday homes.
PRIME VALUE: ¤3,500 - ¤7,000
PRIME VALUE: ¤4,000 - ¤9,000
• Daily visited by tourists from around the world, it stretches from downtown to Alfama and the castle. Popular with short-term rentals.
9 RIBEIRNHA • Very centrally located and popular with the young, attracting short term rentals supported by an excellent public transport system.
10 RESTELO / BELEMO • Close to the embassies and home to a number of colleges, It is the home of many large mansions. Popular with tourists visiting the magnificent gardens.
11 PARQUE DAS NAOCES • The home of modern architecture, built in the late 1990’s offering a new town feel in office and living areas.
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FAQ’S YOUR QUESTIONS ANSWERED ABOUT YOUR GOLDEN VISA APPLICATION
WHAT ARE THE COSTS INVOLVED IN
ARE THERE ANY GENERAL
WHAT DOCUMENTS DO I NEED
THE GOLDEN PASSPORT APPLICATION?
REQUIREMENTS I NEED TO COMPLY WITH?
TO APPLY FOR MY GOLDEN PASSPORT?
Administrative, legal and taxation fees for
As well as the specific requirements for
• Proof of Investment
the applicant are payable to the company
each type of qualifying investment, all
• Passport & Valid Schengen Visa
at ¤50,000 per applicant plus ¤5,000 per
investors have to comply with the following
• Portuguese Fiscal number
additional family member on the same
general requirements:
• Criminal Record from country of residency
application.
• Portuguese Criminal Record Keep the investment for a minimum period
• Declaration from the Tax Department
Rental Management fee of 10% and 5%
of 5 years. Funds for investment should
proving the absence of debts to the
annual contract fee, plus legal fees. Sales
come from abroad. Entry in Portugal with a
Tax Authorities
commission 7.5%, plus legal fees. Other
valid Schengen visa. Absence of references
• Declaration from Social Security proving
services, furniture, specialist tax advice or
in the Portuguese Immigration and the
the absence of debts to Social Security
other POA.
Schengen services
Authorities • Declaration from the investor confirming
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For full detailed costing of fees, please visit
Minimum stay in Portugal: 7 (seven) days
compliance with the investment requirements
our website or request an information pack.
during the first year and 14 (fourteen) days
• Health Insurance valid in Portugal
during each subsequent period of two years.
• 2 passport-type pictures
For further information please call: +44 1792 469869 or visit www.goldenvisa.company or www.tangible.company
INVESTMENT EXAMPLE INCOME GROWTH OVER 5 YEARS
EXAMPLE: TWO BEDROOM 80 SQM APARTMENT IN LISBON
cost: ¤350,000 YEAR
1&2
ACQUISITION & REFURBISHMENT
NOTES: • ¤350,000 equal to Golden Visa
¤440,000
minimum investment for urban regeneration acquisition
YEAR
1&2 YEAR
3
YEAR
4
YEAR
5
PROPERTY DEVELOPMENT COMPLETE PROPERTY VALUE & RENTAL INCOME PROPERTY VALUE & RENTAL INCOME PROPERTY VALUE & RENTAL INCOME
¤484,000
• Golden Visa applicants must keep the property for five years to
Value = ¤560,000. Rental income = ¤24,640
total: ¤584,640
maintain residency • All investors must keep the property for two years during the
Value = ¤600,000 Rental income = ¤26,400
total: ¤626,400
build & development period • Rental yields of 5.5% are for 2015
Value = ¤640,000 Rental income = ¤28,160
total: ¤668,160
from the Government Department of Statistics published March 2016
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GOLDEN VISA PORTUGAL A GOLDEN INVESTMENT & LIFESTYLE OPPORTUNITY
For further information please call: +44 1792 469869 visit: www.goldenvisa.company visit: www.tangible.company