The 350k and 280k options for the Golden Visa were designed by the government to increase infrastructure renovations in the Portugal. To make these option more attractive the government reduced the total investment to 350k and 280k in low density areas. If the investment is well made, the 350k and 280 options are a very good option.
The two real estate investments imply the acquisition of a real estate asset with construction completed at least 30 years ago or located in an urban rehabilitation area, with the execution of rehabilitation works. The values 350k or 280k are the sum of the property acquisition costs and the renovation costs excluding taxes.
The investments for renovation works are not very high in Portugal. Substantial renovations with new bathrooms, windows, floor, plumbing, electricity paintings are
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 real estate. The SEF only accepts fundamental renovations. Here are same important points to consider: