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As the oldest nation-state in Europe, Portugal boasts a rich cultural heritage, with historic architecture dating back to the 1500s, and a cuisine that reflects its close relationship with the Atlantic Ocean. Portugal’s Residence by Investment Programme offers a unique opportunity for foreign investors seeking a foothold in the thriving European market.
The investment options that led to the acquisition of Portugal’s permanent residency were revised through Act 63/2015 and Regulatory Decree 15-A/2015 in July 2015. The investment options now include the following:
a) Acquisition of one or multiple properties with no restrictions placed over the location
Non-Residential Property:
EUR 500,000
Property in low-density areas:
EUR 400,000
b) Acquisition of one or multiple properties older than 30 years or located in areas of urban regeneration (with location restriction)
Non-Residential Renovation Property:
EUR 350,000
Renovation property in low-density areas:
EUR 280,000
Additional fees
Apart from purchasing real estate, additional purchase fees to be paid by the applicant include:
Property Transfer Tax (IMT):
6-8% (depending on the purchase price)
6.5% for non-habitational purposes
Annual Property Tax (IMI)
0.3 – 0.8%
Additional Municipal Property Tax (AIMI)
0.4 – 0.7% on the tax value of the property
Stamp Duty
0.8%
Submission Fee
Per applicant
EUR 540
On-going costs during period of the EU Permanent Residency (SEF Authorities):
ARI Permanent Residency card (Per Family Member)
New:
EUR 5,390
Renewal (12-36 months):
EUR 2,696
Renewal (36-60 months):
EUR 2,696
ARI Permanent Residency (60-84 months)
Permanent residency:
EUR 7,455
Other Costs
In addition to Passport Legacy’s professional fees, the only other costs that will incur are those for official application forms, certification of citizenship and passport, courier & other disbursements. We provide a full-itemized quotation with no hidden costs upfront.
