Cross-border property investors ramped up to or surpassed the pre-COVID-19 level of activity in most countries by the end of 2021.
For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
Closed borders and lockdowns have made it nearly impossible to buy and sell international real estate as before the coronavirus pandemic. Nevertheless, the sales team of real estate brokerage Tranio found a way to fulfil their plan and carry out cross-border real estate transactions remotely.
A foreign entrepreneur that starts up an innovative business with a projected value of assets or annual turnover of at least €325,000 to be reached in five years gets a residence permit in Portugal.
A work visa for Portugal unlocks the route to obtaining a residence permit. A prerequisite for it is a valid contract with a Portuguese company.
A foreigner residing for five years in Portugal may make an application to obtain a Portuguese passport. Portugal offers one of the fastest tracks to naturalisation in the EU.
Portugal Golden Visa is a state residence by investment program. This immigration program started in Portugal in 2012 and is considered one of the best in the world according to various ratings. It is an opportunity for foreign investors to travel without a visa across the Schengen Area and a short path to EU citizenship in just 5 years.
Portugal is one of the most affordable countries to move to in Europe. Portugal imposes minimum requirements for obtaining a residence permit, and the local authorities are favourably disposed to attracting expatriates.
Moving to Portugal is an easy task for wealthy foreigners that just need to buy or rent housing and prove sufficient subsistence funds in the bank. The immigration programme for the financially independent is simple and accessible for many.
The Schengen visa for Portugal follows the Schengen countries’ general requirements: the documentation package is the same for all parties to the agreement. It is a short-term С-type visa valid for up to 90 days within six months.
Retiring abroad is a growing trend. People relocating abroad can enjoy their senior living at its best: in a warm climate, by the sea, and with quality healthcare. Here is an overview of European locations for retirement with living costs and a roadmap for choosing your place in the sun.
Lisbon is rapidly becoming popular among investors from all around the globe, and, for a good reason. Experts at Tranio have selected the top-5 reasons for this.
Tranio analysts investigate how
Property maintenance in Portugal is cheaper than in countries like the UK and USA. For example, it costs about €2,000 per year to maintain an apartment in Lisbon and about €4,000 for a three-bedroom villa in Faro.
Buying property in Portugal is relatively simple as the country has an open attitude to foreign buyers in the form of a preferential tax regime, Golden Visa programme and no restrictions what the type of property a non-resident can buy.