As previously mentioned, at the last days before the change of legislations, there are a few points that you should take under consideration when you look for a property to complete your application:
List of Criteria When You Choose Your Investment Option
- Does the developer guarantee a return of your investment, in case, your application can’t be submitted before the change of the new legislation?
- Does the developer pays certain transaction fees? This is becomes more important at this stage, because, you want to minimize your sunken cost as much as possible. We understand at this late stage, customers are concern with ‘what if my application can’t be submitted on time’.
- How much is your legal fees? Is this a sunken cost? Can you pay this in instalment, to minimize your cost, until your application is submitted? It would be another added advantages if your legal fees is being paid.
- Does the projects allows direct transfer (you transfer the fund directly from your own account to the developer’s account or the lawyer’s trust account), meaning you don’t need to wait for your bank account to be opened? At this late stage, it is essential to use the direct transfer method. Even if the project doesn’t allows direct transfer, some law firm has trust account to help you to do direct transfer (regardless of the project). In this case, you can transfer the money to the law firm’s trust account, and from there the law firm will wire the money to the developer.
- What is the process of the actual agreement signing? Is it CPCV or is it deed? CPCV is the preliminary purchase and sell agreement, that normally precedes the final deed. Some developers skip this step and go directly to deed. However, to submit the application, only CPCV is needed, and it is an easier and quicker process, that doesn’t need to be schedule with and sign in the notary; and all the taxes (stamp duty, IMT, VAT) are only paid in the final deed stage. So CPCV may be a better option at this stage. You can go to deed (and pay all the taxes) after your application submission.
A final note – Remember, regardless of what options you are going for, one of the most important document you need to get is your no criminal record.
Introducing Two Projects That Check All The Boxes Above And More
- Hotel Brand – Wyndham
- €280,000 investment fully qualifies for Portugal’s Golden Visa
- IMT and VAT on construction cost – paid
- €30,000 upfront yield – paid
- Mandatory guaranteed buy back Year 6
- Operation starts in 2024
- Guarantees a return of your investment if the new laws are published before you can submit your application
- Option to use the developer’s professional and experienced legal team for your property service and Golden Visa application for free (for the initial application and the renewals).
- Allows direct transfer to the developer’s account (or your lawyer’s trust account).
- The project can just sign the CPCV, so that you can quickly submitted your Golden Visa application.
One Week Submission Timeline
Our quickest timeline to help clients to submit their application from scratch is one week.
You will need the following documents and materials ready to proceed
– valid passport (yours and your spouse)
– address proof preferably in English or Portuguese (yours and your spouse)
– the investment funds ready in your own account that can be transferred to Portugal
– your no criminal record
*Note the timeline may differs according to your individual case and the readiness of your documents and funds.
Act swiftly
The Portugal Golden Visa Programme is renowned as the most streamlined and desirable investment route to obtaining an EU passport. To capitalise on this incredible opportunity, it’s crucial that you act immediately — there’s still a narrow window for you to seize the rights and benefits of this programme.
We have helped over 400 families on their Golden Visa applications, with clients from all over the world.
Book an initial consultation with us now to know how you can beat the timeline to submit your Golden Visa with a property investment in one week!
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