What are the matters needing attention in handling Portuguese investment immigration?

With the global economic integration, many European countries have begun to attract the attention of Chinese people, so more and more people choose to emigrate. Different European countries have different immigration policies. Most immigrants will choose Portugal to invest in immigration. The main reason is that Portugal, as a developed capitalist country, has beautiful natural scenery and perfect infrastructure, and is well-known in Europe and even the world. This article will show you what precautions are in the process of handling Portuguese investment immigration.

How 1. Investors Choose Portuguese Real Estate

1, according to the location selection

For investors, in choosing real estate, they should first choose according to the location. Economically developed areas like the capital Lisbon are a very good place to live. As the capital of a country, Lisbon has very convenient transportation facilities and living conditions. For investors, buying Lisbon property is a sure-to-lose business. It is for this reason that the price of houses in Lisbon is constantly rising to the point where supply exceeds demand. Especially the housing supply in downtown Lisbon is very tight.

2. Field visits

Any investment will have risks, no matter whether the risk is large or small, if investors decide to buy a real estate in Portugal, they can first conduct on-the-spot investigation to have a clear understanding of the basic household structure, decoration and surrounding environment of the real estate.

Especially for immigrants who plan to buy a house for self-occupation, they must also understand the local education. Portugal's education belongs to the European education system and is very advanced. If the main applicant immigrates to Portugal for his children, he should first choose the school district housing. He should also consider whether the surrounding environment is quiet, whether it will affect children's learning, and how the public security environment is. A series of issues will be more secure after inspection.

2. Portuguese Immigration Supervisor Can't Be Ignored

The regulations of the Portuguese Immigration Bureau are different from those of other European immigration countries. Applicants have to live for 7 days in the first year and 14 days every two years thereafter. Only after the main application meets the conditions, the whole family will be considered to meet the conditions. Moreover, if the host has held a residence permit for 6 years, he has passed the basic language test and has no criminal record, he can apply for naturalization and obtain a Portuguese passport in accordance with the law. The applicant's spouse and minor children may apply for naturalization with them. Moreover, Portugal recognizes multiple nationalities, and it usually takes 5-6 months to obtain a residence visa.

3. Portuguese Purchase Expenses and Procedures

Applicants can buy multiple properties in Portugal, which can be used as residences and shops. There is no limit to the number, but the total price needs to reach 500000 euros. Before buying a house, a tax card and a bank account must be opened. When buying a property, you have to pay 8% property tax, and you can rent it after buying a house, but the rent for the first month of rental income is used to pay conquest tax, and the rental income is about 5% to 6%. There is no limit to the number of names that can be written on the Portuguese real estate certificate. The materials that prove that the real estate exceeds 500000 euros are purchase contracts, so they must be kept.

The applicant cannot sell the property until he has obtained the permanent residence status in Portugal, but can only rent it. Can't sell until you get permanent residence. Moreover, before obtaining the status of permanent residence in Portugal, the applicant and his family members are not allowed to work in the local area. If they want to work, they must apply to the local immigration office, but they do not need to show any living security payment. Applicants and their families can work, go to school or do business in Portugal.

After all, immigration is a major event, and every detail is related to the applicant's whole quality of life in the future. Therefore, it is very necessary to keep these precautions in mind and spend more time to understand before investing in immigration in Portugal.