Share in a new four-star hotel in the Algarve region for the purpose of obtaining a Golden Visa.
Description
The project involves the construction of the 4* hotel in the city of Faro. The total number of hotel rooms is about 150 units.
Completion: III quarter 2024.
Features
- The term of ownership of a share is from 6 to 15 years. There is a mandatory buyback of the share by the management company after 6–15 years of ownership for the same investment amount. During this time, residence permit holders can obtain Portuguese citizenship. Thus, after the redemption of the share, the resident status is preserved.
- The investor has the opportunity to stay at the hotel for free for 7 days annually.
- All responsibilities for asset management are fully borne by the management company.
- Automatic residence permits to family members.
- The advantages of a European citizenship (free movement in the Schengen area, high quality medicine, free education in most of the EU countries, etc.).
The hotel operator is the large international hotel chain.
- Legal fees;
- Notary costs;
- Stamp duty;
- etc.
Commission-free transaction for the buyer.
Municipal Tax (IMT) of € 12,737 is payable by the management company.
The property is situated in the Faro district of the Algarve region. Faro International Airport is located approximately 5 km from the property. It is the second airport in the country after Lisbon International Airport in terms of international passenger flow.
Algarve is the southernmost region of continental Portugal.
The population of the region is over 450,000 people. The administrative center is the city of Faro.
