Clelio Ferreira Leite Credits Spike in Foreign Investment in Portugal to Golden Visa Programme


Posted January 22, 2015 by pzmediainc1

Clelio Ferreira Leite is quick to credit increase in foreign investment and interest in Portugal to the recently implemented Portuguese Golden Visa Program.

 
YANA PROPERTY MAGAZINE – ISSUE 2http://issuu.com/yana_property/docs/yp_magazine__2_



Portugal - a Hip place in Europe

Clelio Ferreira Leite says that Portugal is one the trendy places to be in Europe right now either by simply visiting or in a more definitive way by settling in and living the day to day of a peaceful, safe, cultural, and geographically diverse country, with modern infrastructures and high quality services, where people are known globally as welcoming and generous. For international investors this renewed interest in Portugal most probably is due mainly to one reason: the recent legal framework put in place to attract foreign direct investment, which is considered one of the most successful of its kind in Europe. Indeed, under this new legislation a large number of international investors have chosen Portugal as their next investment target, especially those in the high-end real estate market, which in turn is fueling the sector comeback. Also, more and more international HNWI are choosing Portugal as their country of residence, not because of Portugal being the number 1 Golf destination in Europe neither because of its acclaimed white sandy beaches but, for the attractive tax benefits that they can apply to.

An attractive legal and fiscal framework for foreign investment

The Portuguese Authorities have issued in 2012 a new legislation package that includes both a Temporary Residency Permit based on Investment (the Portuguese Golden Visa) and a fiscal regime specifically designed for international investors (the Non-Habitual Residents Fiscal Regime) which together have placed Portugal on the radar of HNWI(High Net Worth Individuals) consulting firms. As a result of this well-conceived policy to attract foreign investors, Portugal witnessed a dramatic surge in Foreign Direct Investment, which among other effects has led to a strong recovery of the Real Estate sector. By offering benefits such as:

Golden Visa which is a Visa-free travel in the Schengen space (26 countries);

Flexible investment requisites (that allow an investor to obtain the Permit by investing in almost every asset class available),

Low investment requirements;


the Portuguese Golden Visa program is- according to a consensus among global immigration consultancy key players- now considered to be the most interesting investment destination in the European Union.

The investment requisites to obtain the Portuguese Golden Visa include a €500.000 minimum investment in real estate, or €1.000.000 in a financial investment, or the creation of a company with 10 jobs. In order to maintain the Permit, it will only be necessary to spend 7 days during the first year and 14 days in each subsequent period of 2 years of residency, which is relatively quite undemanding.

After 5 years the holders of the Temporary Residence Permit granted by the Golden Visa program can apply for a Permanent Residence Permit or a many times desired Portuguese Citizenship according to the law requirements.

Real Estate in Portugal

Clelio Ferreira Leite thinks that the slight upturn in the demand and prices of residential assets that started to be seen in 2013, reflecting the recovery of the economy, was significantly reinforced specially in the high end market due to the demand of foreign investors. Clearly the Golden Visa program has attracted a multitude of non EU-citizens - where the Chinese take the leading position –as well as a vast number of citizens from within EU with taxation regimes not as competitive as the Portuguese. In this last case we are witnessing an unusual investment in property by Scandinavian citizens (mostly Swedish) and French nationals. The Russian and Ukrainian investors are also ranked high by number of investors but especially by the value of the properties purchased. There is a strong trend for new developments tailored to Golden Visa and non-habitual residents. Also urban renewal, especially in prime locations in Lisbon, has drawn much interest. Foreign investors have been unanimous in their evaluation of the opportunity posed by this hard-discounted sector, which is now on track for a steep recovery as more and more investors buy pieces of real estate either for temporary personal usage and capital gains or directly for rental purposes with interesting yields. Although prices are still at a discount relative to historic values, they are showing a solid recovery, making it the right time to enter the market, with yields estimated to fall in the short term as rents are not accompanying the price per square meter increase.

Pontual Real Estate is well positioned to assist you in your search for an investment with significant up-side potential in Portugal. We will not only give you access to ultra-premium new pieces of real-estate currently being developed in Portugal but, most importantly, to glamorous ancient estates discreetly available to investors through Pontual Real Estate- representing once-in-a-life-time buying opportunities.

Asset Management in Portugal

One of the main advantages of the Portuguese Program is definitely the freedom of choice regarding the underlying investment. Indeed, the majority of competing programs offer a very limited number of investment alternatives, which many times do not really represent an investment but rather a cost. As seen before, the Portuguese Golden Visa allows an applicant to invest in financial investments. By «financial investments», the Program means any possible vehicle, philosophy or risk, as long as the investment is domiciled in Portugal. We work with a financial boutique- Tyche- specialized in assisting HNWI interested in the Portuguese Golden Visa by financial investment only. Tyche works with the Asset Management of the largest commercial banks, as well as with sophisticated and flexible niche asset management companies, not to mention the most reputed real estate investment funds management companies, so that you may have access to the best financial know-how available in Portugal, both from national and international institutions, all in a single portfolio. Not only that, but Tyche will also inform you of the strengths of each of the financial institutions operating in the market as well as advise you on tailor made investments.

Putting it all together

According to Clelio Ferreira Leite different service providers are necessary to obtain the Portuguese Golden Visa, therefore we offer a one-stop solution by coordinating the efforts of the most reputed players in each type of service needed. You may choose to invest in the booming recovery of the real estate sector, or you may prefer the liquidity and convenience of a financial investment. Hence, by working with us you will work with the most sophisticated financial boutique in the Country, recognized real-estate providers and developers, as well as with the best fiscal attorneys firm in Portugal. The elegant and knowledgeable concierges from our Private Conciergerie Partner will make you feel right at home and turn your residency dealings into a pleasant and perhaps fun experience.

Clelio Ferreira Leite is very pleased to have as partners Yana Property for the promotion of the Golden Visa in Portugal. With this partnership we believe will offer better taylor made solutions in non EU countries where Yana Property is well established.
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Issued By Pz Media Inc
Website Clelio Ferreira Leite
Country Portugal
Categories Business , Real Estate
Tags clelio ferreira leite
Last Updated January 22, 2015