ALOJAMENTO LOCAL
In 2023 “Alojamento Local” licences were suspended in major cities and towns in Continental Portugal, including Lisbon and Oporto, by previous government, except for independent property / houses, not included in a multi-inhabitants building.
They also introduced a Law that do not allow licence transactions, assuming that licences cannot be transmitted between two persons or entities.
Law is under revision by the new government, but, until now, there is no idea if new licences will be allowed in near future.
As investment alternatives, investors are renting their new investment properties (without AL Licence needed) in short term rentals (minimum 28 days) which apparently is being a good and profitable business, especially in Lisbon. Your Real Estate consultants would eventually know more details about, the way it works.
GOLDEN VISA REQUIREMENTS
Who it’s For
The Golden Visa is intended for foreigners who wish to invest in Portugal and, thereby, obtain a residence permit in Portugal.
Requirements
Buying a property with a minimum investment of €500k, is no more an eligible criterion to obtain a VISA Gold
The main requirement for obtaining a Golden Visa is proof of one of the investment modalities allowed for obtaining this residence permit.
The following types of investments are admissible:
- Creation of at least 10 jobs;
- Transfer of capital amounting to €500,000 or more, to be invested in research activities conducted by public or private scientific research institutions integrated into the national scientific and technological system.
- Transfer of capital amounting to €250,000 or more, to be invested in artistic production, recovery, or maintenance of the national cultural heritage;
- Transfer of capital amounting to €500,000 or more, intended for the acquisition of shares in non-real estate collective investment undertakings, constituted under Portuguese law, with a maturity of at least five years and at least 60% of the investment value realized in companies based in national territory;
- Transfer of capital amounting to €500,000 or more, intended for the establishment of a commercial company headquartered in national territory, combined with the creation of five permanent jobs, or for the increase of the share capital of a commercial company already established in national territory, with the creation of at least five permanent jobs or maintenance of at least ten jobs, with a minimum of five permanent ones, for a minimum period of three years.
Reasons for investing may have change, but Portugal remains a very demanded destination for buying propertis.
In last year almost 10% of new mortgage loans were submitted by non-residents or by non-citizens, already living in Portugal