The Portugal Golden Visa Program is a popular initiative among non-EU/EEA nationals, allowing qualifying candidates to secure the Portuguese residence permit along with their family members, in exchange for a significant direct investment. To date, over 10,000 investors have been rewarded with permits, illustrating just how successful the program is. While there are various investment routes to a Portugal Golden Visa, one of the cheapest options is the Portugal Golden Visa 280K Euro option. This pertains to making an investment in a rehabilitation project in a low-density area for €280,000. This is why it’s become somewhat of industry jargon to say the ‘Portugal Golden Visa 280,000 Euro option’. It simply refers to the property rehabilitation route applicants can take to secure a Portugal Golden Visa.
In this article, we’ll break down the 280,000 Euro real estate option for the Portuguese Golden Visa so that you’ll get a crystal clear understanding of how to take advantage of this golden visa investment route to residency.
But before we dive right in, we’d like to share an important golden visa requirement with you. Commercial property is the only option if you want to make a property investment in Lisbon, Porto, or in many coastal cities. Unfortunately, residential properties in these spots don’t qualify for a Portugal Golden Visa. For more information about these changes to the Portugal Golden Visa, click here.
€280k Golden Visa Portugal Real Estate Option
Investors have a few options on the table for making a Portugal Golden Visa real estate investment. We’ll break these down below.
Portugal Golden Visa Real Estate
Residential Real Estate Investment: Buy golden visa residential real estate in designated interior areas of Portugal worth at least €500,000. If the residential property is located in a ‘low-density’ area, a 20% discount is applied to the investment, bringing the lump sum to €400,00.
Commercial Real Estate: Applicants also have the option of buying commercial property (office space, shop, unit in a qualifying condominium, space inside a shopping mall, etc.) anywhere in Portugal worth at least €500,000. Again, if the commercial property is located in a low-density area, then a 20% discount applies, bringing the investment amount down to €400,000.
Real Estate Rehabilitation- €280k Golden Visa Portugal
Investors can also opt to invest in golden visa property that requires rehabilitation and restoration. In this case, the minimum investment requirement is €350,000.
The requirements are as follows: The golden visa property has to be built more than thirty years ago or has to be located in a designated area of urban rehabilitation. If the property falls in a low-density area of Portugal, then a 20% discount applies, bringing the investment down to just €280,000. The same concept regarding residential versus commercial applies here. Residential rehabilitation projects are limited to interior areas of Portugal, while there are no location restrictions associated with commercial rehabilitation investments.
Important note: The minimum required investment amount refers to the golden visa property purchase price AND the renovation costs amount combined.