Brexit Is Done, Now Brits Have 6 Months To Secure EU Residency With A Portuguese Golden Visa
Boris may indeed have gotten Brexit done with his 11th hour deal with the EU but now a new clock is ticking as the deadline for Brits to secure one of Portugal’s coveted Golden Visas through investment in bricks and mortar is set for 1st July 2021.
Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK, says “Brits keen on investing in Portuguese properties and moving to Portugal in 2021 still have a wide range of attractive options to choose from – but some of the rules are changing as a result of the UK’s Brexit agreement so make sure you are getting the most up to date advice.”
Rob Jenner, CEO of Vilamoura World, located in the central Algarve, who are also leading members of the Portuguese Chamber, explains more:
“It is of course positive news that an agreement has been reached between the UK and Europe and here in Portugal we look forward to continuing our long-standing strong relationship with the UK.
Vilamoura World is home to many British residents already, our door is open and we look forward to welcoming many more in 2021, especially those seeking to secure EU residency through the Golden Visa programme.
Almost 9,000 Golden Visas have been issued since its launch in 2012 but as of late December 2020, the Portuguese government passed a proposal to exclude qualifying properties in Lisbon, Porto and the coastal areas including the Algarve from 1st July 2021.
With the benefits of Portuguese, and thus EU residency, appealing to many post Brexit, especially those operating businesses or within the financial services sector, we expect interest in our properties for sale which meet the Golden Visa thresholds to rise in the first half of this year.
We have a range of Golden Visa eligible homes nearing completion featuring 1GB broadband pre-installed and free for the first year. These homes enjoy access to our new COVID secure business centre as well as the first-class on-site amenities here at Vilamoura World including 825 berth marina, 170 hectares of environmental park, 1.5 km of beachfront, 5 golf courses and international school.”
Vilamoura World’s Golden Visa eligible properties for sale
Central Vilamoura, Vilamoura, Algarve, Portugal
Central Vilamoura is a luxury gated condominium of 41 homes in the centre of Vilamoura, only a five-minute walk from the internationally acclaimed marina and beaches.
The homes are available in four, three, and two-bedroom layouts, with the two-bedroom featuring living rooms with double-height windows and gallery.
Central strikes the perfect balance between private and common spaces – all the while maintaining a sense of exclusivity in a prime location.
The two-bedroom townhouse that has an average enclosed GCA of 150 metres is available from €640,000.
For more information, please contact Vilamoura World on +351 914 071 129 or visit www.vilamouraworld.com.
About Vilamoura World
Vilamoura World (VW) is the Master Planner of the touristic town of Vilamoura a popular and attractive destination in the Algarve. VW is responsible for the promotion of residential, touristic and hotel plots within the Vilamoura estate of 1,700 hectares.
VW offers a range of land plots ready for development and master planned to complement existing amenities. VW also offers unique turnkey residential units for sale. VW´s land bank available for development comprises of a total buildable (Gross Construction Area) of 569,000 square metres of residential, touristic, hotel and retail accommodation.
VW owns the centrepiece of Vilamoura, the long-term concession to operate Portugal’s largest Marina with 825 berths which has a multi-international award-winning track record. VW also owns one of Europe’s leading equestrian (show jumping) facilities covering 25 hectares.
In partnership with the local infrastructure company Inframoura and the local council of Loule, VW delivers comprehensive, long-term focused management of the town of Vilamoura.
About the Portuguese Chamber of Commerce in the UK
The Chamber runs regular online and live events in the UK all year round to advise Brits who want to move to Portugal or buy a second home there on how they can sort out their tax, residency, property, insurance and lifestyle issues. Over 6,000 Brits have attended our events so far and the demand is growing exponentially now Brexit is finally done.
Sign up to see our next events at https://movingtoportugal.org.uk/