Another reason for Golden Visa in Madeira

Home | Investment | Another reason for Golden Visa in Madeira

Another reason for Golden Visa in Madeira

by | Monday, 18 January 2021 | Investment

Another reason for Golden Visa in Madeira

It’s that time of of the year again: Henley & Partners have published their Global Passport Index and with it you will find another reason to apply for Golden Visa in Madeira.

This year Portugal is ranking #6 in the Top 10 of the world’s most coveted passports list. The Portuguese passport currently outranks countries such as Switzerland, United States, United Kingdom, Norway, Belgium, New Zealand, Malta and Austria.

Through investment in real estate, investment funds or bank transfer, third-country applicants (including British nationals) can not only secure residency in Portugal, access the Schengen Area, but also apply for citizenship (on the 6th year residency) with basic knowledge of the Portuguese language.

Given the popularity of the Golden Visa program, starting from July 21, the Portuguese Government will no longer allow investments in the Portuguese metropolitan and coastal areas, including Lisbon, Porto, and the Algarve coastline. These new rules mean that the coveted Madeira Island will be receiving most of the real estate investments.

Madeira Island property market is also on the rise. The sector’s agents confirm high sales, strong supply and intense rental demand. Houses traded in Madeira rose 10% in number and 22% in value in the third quarter of 2020.

Other Articles

Tax Representative

Tax Representative

Under Portuguese Tax Law (applicable to the Autonomous Region of Madeira), one is required to appoint a tax representative when registering as a non-tax resident in Portuguese territory by indicating a residence in a country that is not a member of the European Union...

Our Newsletter

Join our mailing list and get the latest information about incorporating in Madeira (Portugal), Expat Services and Vessel Registration.

Need Help?

Should you have any questions about us and our services, please do not hesitate to contact us.

Contact Us

Other Articles

Tax Representative

Tax Representative

Under Portuguese Tax Law (applicable to the Autonomous Region of Madeira), one is required to appoint a tax representative when registering as a non-tax resident in Portuguese territory by indicating a residence in a country that is not a member of the European Union...

Tax Deductions and Personal Income Tax

Tax Deductions and Personal Income Tax

Generally speaking, those qualifying as residents, for tax purposes, in the Autonomous Region of Madeira (or any part of Portugal) are entitled to tax deductions based on some of the expenses they incurred and provided the invoices concerning these expenses hold their...

Want to talk with us?

Should you have any questions about us and our services, please do not hesitate to contact us.