The 350k option for the golden visa was designed by the government to increase infrastructure renovations in the Portugal. To make this option more attractive the government reduced the total investment to 350k instead of 500k. If the investment is well made, the 350k option is a good option not only because of the 150k that can be saved.
A 350k EUR investment implies the acquisition of a real estate asset with construction completed at least 30 years ago or located in an urban rehabilitation area, with execution of rehabilitation works for a total value of at least 350.000 euros. This amount can be lower by 20% if the property is found in a low density area.
Important are the rehabilitation works. Many applications fail because the investors underestimate the importance of showing the SEF (Immigration and Borders Service) the necessary documents or attempt to just do minor renovations in the property. The SEF only accepts fundamental renovations. Here are same important points to consider: