INVEST IN THE ALGARVE - s3.amazonaws.com · POWERED BY INVEST IN THE ALGARVE NON HABITUAL RESIDENT...

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INVEST IN THE ALGARVE

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WHY THE ALGARVE ?Where time feels right

https://www.youtube.com/watch?v=Zu1NrChL-bc

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INTERNACIONAL AWARDS IN SEVERAL AREAS:

- LEADING EUROPEAN DESTINATION;

- THE BEST BEACHES;

- THE BEST GOLF COURSES;

- TOP AWARDING MARINAS;

- AMAZING WEATHER CONDITIONS;

- EXTRAORDINARY FOOD;

- FRIENDLY AND MULTILINGUAL PEOPLE;

- FULL OF HISTORY AND HERITAGE;

- INTERNACIONAL AIRPORT (FARO);

- QUALIFIED AND HIGH QUALITY TOURISM INDUSTRY;

- FISCAL BENEFITS FOR INTERNATIONAL INVESTORS;

- QUALITY OF LIFE.

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AFFORDABLE COST OF LIFE:

- NORMAL MEAL (LUNCH) 7,00 - 15,00€

- NORMAL MEAL (DINNER) 15,00 – 20,00€

- MONTHLY GROCERY SHOPPING 150,00 – 200,00€

- MONTHLY FUEL EXPENSES 100,00 – 200,00€

- ELECTRICITY BILL 30,00€ - 90,00€

- WATER BILL 25,00€ - 50,00€

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LIFESTYLE IN THE ALGARVE

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EVENTS PARTIES

CULTUREYACHTS & SALING

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TRACKING WATER PARKS

ADVENTURE GOLF

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REAL ESTATE IN THE ALGARVE

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MAIN TYPE OF PROPERTIES FOR SALE:

- APARTMENTS;

- VILLAS;

- TOWNHOUSES;

- PLOTS OF LAND;

» RESIDENTIAL;

» TOURISTIC.

» DEVELOPMENT;

» REHABILITATION | RENOVATION | REFURBISHMENT.

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APARTMENTSPrivate condominiums close to the beach or the golf courses

Price per sqm it may varies with the location

For example in Vilamoura: from 2.200€ until 5.000€ price/sqm

Depending on the area, facilities, finishings, etc…

200.000,00€

GA-0037

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VILLASDetached individual houses close to beach, golf or the hills


For example in Albufeira: from 2.250€ until 9.000€ price/sqm

Depending on the area, facilities, finishings, etc…

540.000,00€

GA-5658

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TOWNHOUSESLinked houses in private complexes close to beach, golf or the hills


For example in Albufeira: from 1.125,00€ until 2.500,00€ price/sqm

Vilamoura would be: from 1.750,00€ to 3.500,00€ price/sqm

275.000,00€

GA-5223

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WHO MAY APPLY?

Citizens involved in an investment activity, either individually or through a company conducting, at least, one of the following operations in the Portuguese territory, for a minimum period of 5 (five) years:1) Acquisition of Real Estate with a value equal to or above 500 thousand euros;2) Capital transfer with a value equal to or above 1 million euros;3) Creation of, at least, 10 job positions.

It covers shareholders of companies already set up in Portugal, or in another EU State, with a stable residence in Portugal and with tax obligations fulfilled.

GOLDEN VISA

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GOLDEN VISAREQUIREMENTS ON THE INVESTMENT ACTIVITYPerforming an investment activity for a minimum period of 5 (five) years, attested by a bona fide declaration signed by the applicant.

a) PROPERTY INVESTMENTS:i. Acquisition of property above € 500,000;ii. Acquisition of property above € 350,000 - for properties more than 30 years old or located in areas of urban renovation.

b) CAPITAL INVESTMENTS:i. Transfer of Funds above € 1,000,000;

ii. Transfer of Funds above € 350,000 for research activities;iii. Transfer of Funds above € 250,000 for artistic or cultural activities;iv. Transfer of Funds above € 500,000 for capitalization of small and medium size companies.

c) JOB CREATION:Creation of a minimum of 10 jobs.

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NON HABITUAL

RESIDENTSCOPE

Based on a favorable tax regime, is intended to attract to Portugal non-resident citizens, professionals qualified for activities with high added value, as well as individuals with a high net worth or purchasing power.

This attraction is based on the application of the exemption method as the preferred method of elimination of international juridical double taxation of foreign source and application of a special rate of 20% (mitigated and proportional taxation) to certain incomes.

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NON HABITUAL

RESIDENT

CONCEPTIn order to qualify as a non-regular resident, it is necessary:

a) To be a tax resident in Portugal:It is a tax resident in Portugal, among others, who remains in Portuguese territory, in a given year, more than 183 days (consecutively or not), or who, having remained less time, on the 31st of December of that year, has the housing conditions that shows that the person might intend to maintain and occupy it as a residence.

b) Not to have been deemed as a tax resident in Portugal in the last 5 years prior to the application of the regime:The person will have to state the non-fulfillment of the criteria necessary for being considered a resident on Portuguese territory during the previous five years.–> This regime also applies to migrants who want to return to Portugal.

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NON HABITUAL

RESIDENTThe taxable person deemed non-regular resident acquires the right to be taxed as such during a period of 10 consecutive years, from the year of its registration, as a resident in Portuguese territory, having to comply with the requirement of residence every year.

The applicant must request to the Financial Services, adherence to the regime of Non-Regular Resident when applying to the statue of resident in Portugal or, later, through March 31, inclusive, of the following year.

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BUYING A HOUSE IN

PORTUGAL

Buying a house

The acquisition of property in Portugal, because it is subject to the payment of taxes, requires that you register with the Tax Authorities to obtain the corresponding taxpayer identification number;

Residents abroad, as well as those who, although resident in Portuguese territory, leave for more than six months, should appoint a representative residing in Portuguese territory for tax purposes.

If you are a resident or if you are leaving for a member state of the European Union or the European Economic Area, the designation of this representative is merely optional.

The place of residence for tax purposes is the place of habitual residence or, in the case of citizens resident abroad, the place of residence for tax purposes corresponds to that of the tax representative.

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BUYING A HOUSE IN

PORTUGAL

Buying a house

IMPORTANT DOCUMENTS OF THE PROPERTY:

1. Land Registry Certificate (Certidão do Registo Predial)

2. Title Certificate (Caderneta Predial)

3. Usage Licence (Licença de Utilização)# properties before 1951 only need Council Letter #

4. Housing Technical Datasheet (Ficha Técnica de Habitação)# just for properties after 03/2014

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BUYING A HOUSE IN

PORTUGAL

TAXES:

IMT

STAMP DUTY – 0,8% of the higher value – purchase price or patrimonial value

Deeds – around 250€ - 300€ + around 50€ original copy

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BUYING A HOUSE IN

PORTUGAL

CAPITAL APPRECIATION

“De acordo com o setor, em 2016 o mercado imobiliário português revelou uma evolução positiva, tendo registado um aumento entre os 20% e 25% nas transações de alojamentos familiares, e entre 16 e 20% em todas as transações imobiliárias (urbanos, rústicos e mistos).”

"According to the sector, in 2016 the Portuguese real estate market showed a positive evolution, having increased between 20% and 25% in family housing transactions, and between 16 and 20% in all real estate transactions (land and services). “

In APEMIP

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BUYING A HOUSE IN

PORTUGAL

POTENTIAL RENTAL INCOME – EXAMPLE:

200.000€ - 2 Bedroom Apartment in Vilamoura or Albufeira

OPTION 1 ) Long Term Rental

850€ X 12 months = 10.200€YIELD – 5,1%

OPTION 2) Holiday Rentals

950€ x 6 weeks (15th July – 31st August) + 800€ x 2 weeks (1st to 15th July) +650€ x 8 weeks (June and September) == 12.500€YIELD – 6,25% (Only 4 months of Summer)

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Why Portugal

https://www.youtube.com/watch?v=BjFmiOhfRiE

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