There are certain limitations on locations when comes to buying residential real estate for those who wish to get Golden Visa of Portugal. But it is totally legal to participate hotel projects even in Lisbon. For example, you may invest in first ever hotel under the brand of Hyatt Regency opening in Portugal and get a Golden Visa of Portugal, according to the Permanent Residency visa rules.
Hyatt Residences Lisboa is be managed as part of Hyatt International Corporation, one of the most important groups in the luxury hospitality industry worldwide. Completion date and opening planned for April/June 2022.
The project is located in the western area of the Portuguese capital city. It is the noblest area of the Lisbon, riverfront and surrounded by some of the most iconic and historical monuments of the country, together with some the most important museums in Lisbon. 108 touristic luxury apartments: 97 are for sale, designed in a modern modular concept that together with 34 single hotel rooms can achieve the maximum of 204 hotel keys.
Infrastructure: the multi-awarded Serenity SPA, restaurants, conference and meeting areas.
Freehold Property. Hyatt Residences Lisboa
- 1 Bedroom — From 770.000€ up to 920.000€
- 2 bedroom — From 925.000€ up to 1.150.000€
- 3 Bedroom — 2.500.000€
Each fully furnished and equipped according with the high standards of Hyatt Regency and Hyatt International Corporation.
Investment Model for Hyatt Residences Lisboa
Note that investor must sign Touristic Exploration Contract managed under the brand of Hyatt Regency for a 20-year period. Minimum Guaranteed Return on Investment – either 5% in the first five years or 3% in the first ten years. Owners’ usage of their property up to 4 weeks per year, with the limitation of maximum 1 week usage in July/August and December/January.
As a bonus, owner automatically becomes a member of UIP universe (Pine Cliffs Resort, Sheraton Cascais Resort, Quinta Marques Gomes and Hyatt Regency Lisboa) with multiple benefits.
How fast does investor get a Golden Visa of Portugal?
It would take about 10-12 month to get that Permanent Residency visa (card) aka Golden Visa and be allowed to use it. The first stage is to open an account with a Portuguese bank and receive an individual tax number. Here is when you must undergo compliance procedure. It will take about 2 months for immigrational service (SEF) to check all the papers and make a decision. All could be done remotely but investor and his dependents must visit Portugal by appointment to do biometrics. And then it’ll take 8-9 more month to issue a Golden Visa card and send it to the investors and his family address.
A golden visa will need to be extended extend after the second and fourth years. 5 years after obtaining a Golden Visa of Portugal, you can apply for permanent residency, but you will need to show knowledge of the Portuguese language (level A2).
Please note that to the declared investment amounts government fees will be added and the cost of legal accompanying the process of obtaining of Golden Visa.