The Portuguese Golden Visa program is a blessing to many people. This is because it gives them a smooth entry into Portugal and its neighboring countries. The program has many benefits including boosting your chances of getting citizenship. But to qualify for it, you need to first invest in the country.
There are several qualifying investments you need to make before you apply. The proof investment perhaps needed in the application process. Here are some of the affordable options to consider.
1. Real Estate
You can invest 500,000 Euros and above in real estate. It involves searching for a property worth the specified amount or even more. Fortunately, the country has several reliable real-estate companies that can guide you throughout the process.
The certificate of ownership of the property is the one you present as proof of investment when applying for the Portugal Golden Visa investment.
2. Investment Fund
It is a good Portugal golden visa investment options because it involves lower costs compared to real estate. But both have the same minimum requirement of 500,000 Euros. You must to invest it in qualified funds that are always listed by the authorities.
Investing in an investment fund is great because someone else manages it on your behalf. You get the freedom to do other things without worrying about it.
3. Creating 10 Jobs
This is the cheapest investment option among all of them. First, it doesn’t have a minimum amount of money you have to invest. This makes it the best deal for people with tight budgets. Need to open a new business and create 10 jobs.
Moreover, it should be a limited company with one owner. The other requirement is that the 10 new jobs have to be for full-time employees. Luckily, even if you don’t have enough time to run the company, you can hire a manager. So, if you are business oriented, this is the best investment deal for you.
4. Investing In Scientific and Technological Research
This investment option involves financing a scientific or technological study by an accredited institution in Portugal. The minimum amount to invest should be 500,000 Euros like in real estate and investment fund.
Your task will be to search for legal institutions in the country that need financing for their projects.
5. Donating to National Heritage
Another cheaper investment option is donating 250,000 Euros or more to culture, national heritage, or arts. The good thing about donating to national heritage is that it is convenient. Nevertheless, you are giving money away only to lose, consecutively.
6. Renovation of 30 Years Old Property
Renovating old property is an affordable investment because it has a lower minimum capital requirement of 350,000 Euros. But it should be at least 30 years old. You will need a real estate developer to help you handle the paperwork and actual renovation.
Despite it being difficult to find such property in city centers, the agent can get it for you in other places. It also offers a handsome profit if you get a good property.
Choose a Good Investment
Examine the various Portugal golden visa investment options and choose one you can afford. There’s a variety including cheaper and more expensive options.
