Long term visas issued to non-EU Portugese property investors

Posted on September 12, 2012 · Posted in Uncategorized

Obtaining visas to live on a long term basis in an EU country can be difficult, which is why the Portugese government are making radical changes to improve their market standing.


Image by fontxito via Flickr

Algarve Resident revealed the new rules will enable non-EU residents to obtain a long-term visa in the country if they invest in a business or property.

The publication explained there are three ways to become eligible for the visa. These are making a transfer of at least €1 million (£798,913) in capital, buying a Portuguese property worth a minimum of €500,000 or creating 30 or more jobs. More reading at propertyshowrooms.com

Time will tell as to whether or not this move by the Portugese authorities will play a real part in encouraging the market to improve. Portugal has a lot to offer those considering retiring in the sun, with it’s close proximity to UK and Europe, but does it hold the same appeal for those further out in non EU countries?

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