Portugal's foreign direct investment (FDI) policy has opened up a lot of investment options to foreign companies. These options include property developments and the opening up of new industries such as the tourism industry. The new investment options have brought about major transformations in the country's economy. One of the biggest changes is the opening up of Portugal's market to more foreign direct investment. The changes to the gold visa scheme are part of this change.
Portugal's golden visa scheme has allowed investors from across the globe to access the country's economic opportunities with ease. In the past, those looking to invest in Portugal had to obtain a special visa before being eligible for a Portugal travel pass or an investment permit. Now, they have the opportunity to apply directly for a Portuguese residence. The new golden visa changes that come into effect on 2021 will allow more FDI into the country. This is expected to increase the number of foreign direct investment opportunities for Portugal in the long term.
The process for applying for the Portuguese golden visa has been simplified under the new scheme. Now, investors will need to have their business plan ready in order to apply. They will also have to present proof of their wealth in the form of collateral. In addition to this, the company will be required to present their accounts and profits for the last three consecutive years. In addition, the company must also provide information on their turnover and annual return on investment for the previous year.
After presenting proof of wealth, a Portuguese residence will be approved for the investor. The process for obtaining the investment visa will take about three months. Once approved, the investor will be able to access the Portugal golden visa. During the first year of residence, the investor may choose to invest through the equity market, by creating an interest bearing account or by making an initial capital transfer to Portugal.
These are just some of the Portuguese golden visa tax benefits. Investors may also choose to increase their investment in property investments. If an individual has an unlimited credit line, then Portugal property investments are great options. The rates of return are higher than the rates at home. Investors who stay longer in Portugal can enjoy even higher rates of returns.
https://www.smartmoveimmigration.com/portugal-golden-visa-by-investment/
