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Golden Residence Permit

We at Algarve Villas for Sale can help businessmen and investors wishing to gain a foothold in the lucrative European Economic Community Schengen area through Portugal’s new “Golden Residence Permit” opportunity.

With the simple investment of a minimum €500,000 ($685,000) to purchase a Portuguese property we can facilitate immediate access to those markets across the European Economic Community.

Algarve Villas for Sale offers a one-stop service to purchase the property and help complete all the legal and bureaucratic documentation necessary to obtain the Golden Residence Permit once the acquisition is completed.

All property types qualify—Residential, Commercial, Land, Business( Hotels, Warehouses, Factories, Olive Oil, Wine, etc)—we at Algarve Villas for Sale can offer you a wide choice right across the spectrum.

Holders of a Golden Residence Permit essentially have a Portugal residence permit which allows them access to all 26 countries in the Europe Schengen area without the need of any additional visa, and can also enjoy long term residency in Portugal, a country with low wages, sunshine, cheap rents and dozens of direct flights daily to major European destinations.

The Schengen Area functions as a single country without passport and immigration controls at their common borders and functions as a single country for international travel purposes with a common visa policy.

The Golden Residence Permit is originally issued for one year and then renewed for successive periods of two years, provided that the requirements of the investment activity as well as the minimum stay periods in Portugal are maintained.

Algarve Villas for Sale can hand you the key to this Gateway to Europe, with our all-inclusive package offering residency for investors.

Already, according to London’s Guardian newspaper, the Portuguese foreign ministry says that 356 residence permits have been granted to investors, including 279 Chinese, 16 Russians, 10 Brazilians and nine Angolans.

The opportunity to access these markets is proving so attractive to Chinese buyers in particular that one lawyer alone is processing 10 applications a week from Chinese families.

We at Algarve Villas for Sale can oversee the entire process for you, from commencement to completion, and deliver you and your company into the mainstream markets of the European Economic Community.

 

The Golden Residence Permit

Holders of a Golden Residence Permit essentially have a Portugal Resident Permit which allows them access to the Europe Schengen area without the need of any additional visa and can enjoy long term residency in Portugal. To apply for a Golden Residence Permit, there needs to be proof that the applicant has made a purchase of ANY type of real estate in Portugal of at least €500,000.
The Golden Residence Permit is originally issued for one year and then renewed for successive periods of two years, provided that the requirements of the investment activity as well as the following minimum stay periods in Portugal are maintained.

 

Key Benefits of a Golden Residence Permit

  • Flexibility to reside outside of Portugal even after the long term residence permit is granted. An investor can have Portuguese residence if he spends a minimum of 7 days in the first year of residence in Portugal, and 14 in each of the following 2-year periods. There is the possibility of permanent residency after year 5 and nationality one year later.
  • Free to travel in the European Union and Schengen countries. Golden Residence Permit holders need not apply for a visa to travel to Europe anymore.
  • The applicant may apply for family reunion visa to have family members also granted a Portuguese Permit. This will allow families to live, study, travel and work freely in the entire European Union.
  • The applicant is entitled to Portuguese citizenship. After 6 years of official residence, the applicant can request a Portuguese Passport.
  • Education, social assistance and medical are free in Portugal.
  • With a Portuguese Residence Permit, any future applications for residence in another European country will be easier.

Portugal - Invest in a new lifestyle

Portugal has been a member of the European Union for 26 years and forms part of the European Monetary System, using the European single currency. In 2010, the European Consumers Choice Awards rated Lisbon (capital of the country) as the "Best Destination 2010” and in 2011 it was voted one of the 42 cities in the world with the best quality of life, by the Worldwide Quality of Living Survey 2011.
Portugal is also one of the best countries for buying a house, because it has clear and transparent tax rules and offers facilities for obtaining residence permits, as part of new legal provisions that are more attractive to foreign investors. 
We at Algarve Villas for Sale hope to provide you with up-to-date and reliable information, produced by official organisations, on all relevant matters to help you make a decision.

                                                                                

Conditions of the purchase of property for Golden Residence Permit application

The purchase of a property to attain a Golden Residence Permit can be done under the following conditions:

  • The applicant needs to invest in a property (or properties) that are a sum total of €500,000 or more.
  • For joint ownership, each joint owner needs to invest in property equal to or above €500,000.
  • Through a promissory purchase agreement, subject to a deposit equal to or above €500,000.
  • The property might also be used for leasing or commercial, touristic and agricultural purposes.
  • Buyer can apply for financing for the purchase provided the first €500,000 is remitted as downpayment.

The purchase of a property must have been made at the time the application for the residence permit is presented and must be maintained for a minimum period of five years from the date the residence permit is granted. The properties acquired must be free from any charges or mortgages.

 




Gallery

Golden Residence PermitGolden Residence PermitGolden Residence PermitGolden Residence PermitGolden Residence Permit

Why buy Villas and Apartments in the Algarve.

The Algarve, which stretches across the southernmost part of Portugal from the border with Spain to the Cape St Vincent, the most south-westerly point in Europe is the third richest region in the country and one of Europe’s top choices for people seeking to buy a home in the sun.

The value-for-money variety makes it a magnet for real estate investors worldwide looking for opportunities to maximise their investments.

It has a strong association with the UK, as Britain’s oldest ally, and the big Portuguese communities of France, Germany and other countries including Canada mean that Algarve Villas and Apartments are in huge demand for purchase and for rental.

Algarve Real Estate is not just about buying a home in which to live, or to spend your golden retirement years, it is also about making a wise investment choice.

Approximately 10 million tourists, mainly from the UK, France and the countries of northern Europe spend their vacations in the easily accessible Algarve each year which means those millions of people are looking to rent Algarve Villas and Apartments for their summer vacations, bringing in big returns for owners.

The Western Algarve, and the town of Lagos in particular, is popular for its gorgeous beaches, beautiful coastline, and spectacular historical sites…and also for Algarve Property at much more attractive prices than the central and eastern Algarve.

More importantly, from an investment point of view, the Algarve is almost a year-round destination which means the income stream from your Algarve Villa or Apartment spans a much longer period.

The Algarve comes most alive in Spring, Summer and the early Autumn, with most holidaymakers spending their time on, or close to, the many beautiful beaches, although there are many options for the more adventurous and the thrill-seekers.

Restaurants abound, serving a wide and affordable range of desirable cuisines and wines. Luxury golf courses, nightlife, shopping malls, and shops of all kind proliferate in and around the residential areas, as so much is concentrated into the relatively small area of this wonderful part of Portugal.

But the huge numbers of golf courses on average there is roughly one every three miles along the 90-mile width of the Algarve means the region is also a popular Winter destination for golfers, making it even more desirable for people looking to buy into the lucrative Algarve Villas and Apartments market.

When Buying Algarve Real Estate there are important facts you should discuss with our vastly experienced staff at Algarve Villas for sale.

The huge range of Algarve properties for sale means there is something tailor-made to all budgets and specifications. To find the right Algarve Villas and Apartments to buy or even a plot of land to have your Algarve Homes built to your own designs and desires you should carefully consider the facts.

Portugal is a stable country where the real estate industry remains relatively strong, helped by minimal crime rates and a comparatively low cost of living. Here, too, many people prefer the convenience of working from home. Whether you are looking for an Algarve Property to work for you as rented accommodation, to resell for a higher price, or to make your home, you will never go wrong with Algarve Properties For Sale.

Also, Algarve Real Estate prices are lower compared to some other south European territories. At Algarve Villas for Sale we encourage our clients to stick to their budget to avoid any risks of financial complications. Tell us how large or small your budget to invest in your Algarve Home and we will find the right Algarve Villa or Apartment to suit your financial situation.

You should also determine in advance the specifications of the Algarve Property you plan to buy. Plan ahead, and decide what ambitions you will have for the property over the years ahead; the number of rooms you will need, the size of the kitchen, or the style of the house should all be well thought out. Our Algarve Villas for sale website can help you find the property that fits your description. You can also speak to our well-trained and experienced staff if you are not comfortable about finding a property on your own.

Algarve Property for Sale

When looking to invest in an Algarve property for sale, it is not just the price you can afford that matters. Buying a property can bring you years of peace and security if you find the one best equipped to your needs and budget. But there are other factors to contemplate before you decide which Algarve Apartment or Villa you should buy and prepare to move into, or offer for holiday rental like, why The Algarve?

As the famous English poet Elizabeth Barrett Browning said: “Let me count the ways.”

The Algarve, which is the southernmost region of mainland Portugal and has an area of about 5,000 square kilometers containing 16 municipalities, is a panoramic landscape of natural beauty, with lush green meadows, blue skies, and turquoise waters.

The historical town of Lagos in particular, features gorgeous beaches and stunning vistas. But the footprint of man over the centuries has left a country steeped in historical sites and traditions, alongside a whole plethora of modern Algarve Villas and Apartments in wonderful locations.

Lagos offers direct access to fishing, sailing, water sports and excursions like Dolphin-watching and cruises out of the beautiful Marina where sailing enthusiasts can moor their boats and holidaymakers can dine or simply sip their drinks in such peaceful surroundings as they gaze over the boats nestling into their berths and across the Bensafrim River into this lovely old town.

Investing in a Western Algarve property for sale and we do have properties in and around the Marina means that you can enjoy the best of both worlds. You can live a quiet low-tempo life, yet be just a short distance from all the bustling action and entertainment. The Algarve is just bursting with restaurants serving between them a global variety of international dishes and the finest of locally-sourced seafood whilst supermarkets and mini-mercados are to be found all around the town for those times you prefer to stay in your Algarve Villas and Apartments and prepare your own food, perhaps grilling today’s catch from the fish market on your own poolside barbecue.

And because there is already a big Expat community the support services are already in place here, with companies set up to supply and service this growing community via healthcare, technical services right down to being able to go out and buy your own country’s newspapers on the day they are published to take back to your villa or apartment and read over breakfast.

You can watch UK TV programmes, eat British foods, drinking British beers alongside the wonderful domestic wines, spirits, liquors and foodstuffs so deliciously produced in Portugal.

The Algarve, without question, is one of the most beautiful destinations in Europe for holidaymakers and for people seeking a new life in the sun, yet within a mere two or three hours from their north European homelands. Little wonder why this region attracts so much attention the sandy beaches, world class hotels and infrastructure are all part of the attraction. But as a buyer you will learn that the Algarve Real Estate market boasts some of the most cost-effective properties in the world, providing such a good rental return over a longer period than many other destinations, much of it from the huge pool of 10 million tourists that visit the region every year.

If you are an investor the Algarve Real Estate market offers a breathtaking selection of all varieties of hot properties. These include Algarve villas for sale, Algarve apartments for sale and Algarve houses for sale of all types in areas both rich and exclusive; the more lively tourist areas or the quiet and more remote districts.

And if you are feeling overwhelmed by the number and variety of options available to you whatever your budget just come and talk to us at Algarve Villas for Sale.

Because we have the answers.

In summary, there is something for everyone looking for Property In The Algarve.

More Things to Consider Before You Buy an Algarve Property for Sale

Properties across many parts of Algarve can still be bought very cheaply. You can choose from a multitude of Algarve property bargains ranging from studio apartments, penthouse apartments, town houses to grand villas whatever suits your specifications. And due to the increased attraction of work-from-home careers via the Internet, many buyers have taken the opportunity to move from their home country to purchase, and live in, an Algarve property all year round. To help you find the best Algarve property for sale here are some helpful hints.

Search Online use search engines like Google simply by typing in Algarve Villas and Apartments or similar phrases. You can find a list of Algarve property for sale here on the Algarve Villas for Sale website, and save yourself a lot of your time and effort. If you are not comfortable about shopping for a property on your own, contact us and one of our staff will discuss your requirements with you.

Carefully choose the location of your Algarve Homes. Make sure that the location you settle on is where you would really want to live. Visit, and have a stroll around the area to learn more about your future place of residence. For instance see if it there are schools, restaurants, bars, shops, a church, clinic or hospital nearby as well as various kinds of recreation and entertainment suited to your tastes.

Algarve Real Estate makes sense because beautiful Portuguese properties are available at fantastic value-for-money prices and with massive holiday rental potential for those looking for opportunities to develop a healthy income.

People search for Homes For Sale in the Algarve because this amazing stretch of coastline, with its spectacular scenery and natural beauty, the incredible sense of history and tradition, boasts, on average over the years, in excess of 300 days of sunshine each year more even than California!

Algarve Villas for Sale will source for you the perfect Algarve Property for Sale to suit your requirements because our vast experience in selling Algarve Property guarantees that your investment will not become the burden that can occur if the Algarve Villas and Apartments in question do not prove the right ones for you.

When you tap into that knowledge and level of client care you will discover that our books are packed not just with Algarve Property Bargains but also the finest luxury Algarve Villas and Apartments of the highest standards.

Whether you are looking for Villas For Sale in Lagos and this area of stunning beaches, restaurants, nightlife and family entertainment, or Western Algarve Property on the relatively untouched west coast within the Vicentina National Park where blue-flagged beaches can be found alongside some of the finest surfing conditions in Europe we have just the Property For Sale In The Algarve for you.

Get in touch with us, tell us your Algarve Property requirements and we will connect you with the Algarve Villas, the Algarve Luxury Villas, or the Algarve Apartments most ideally suited to your requirements, your budget and perhaps most importantly your dreams.

Algarve Property…your best choice.

Algarve Villas for Sale…because we have a Portugal Property portfolio that puts your dream home at your fingertips, plus the experience and expertise that provides you with the key quite literally to finding your dream home in the.


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Phone: + 351 282 769 150   •   Email: info@algarvevillasforsale.com   •   
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