South African citizens have the opportunity to invest in the five-star Rebello hotel in Portugal’s second city, Porto, as part of its popular residency by investment programme. For an investment of €350,000, investors can expect to receive 3% returns and a residency permit with citizenship and a Portuguese passport after five years.
Available exclusively to the South African market via a newly launched Private Equity Fund investment offered by Sable International, investors have the opportunity to invest in one of 125 units within the luxury Rebello hotel in Porto, Portugal’s second city and one with a booming tourism industry and property market.
In fact, Porto has become so popular for investment, especially as part of Portugal’s popular residency by investment programme (aka Golden Resident Permit Programme) that the government has announced that from 2021, applicants to the country’s residency by investment programme will not be able to invest in property in Porto.
This Private Equity Fund investment, which comes courtesy of Sable International (aimed at the South African market only) is time-sensitive, with the opportunity to invest in Porto likely to end December 31st 2020.
Priced at €350,000 per unit, this hands-off investment not only provides investors with preferred returns of 3% per annum, but also an instant Portuguese (EU) residency and eventual citizenship (and Portuguese passports) for all the family.
Officially approved as a property within Portugal’s popular residency by investment programme for the South African market, investment in Rebello gives investors one of the most affordable routes to EU citizenship.
Following five years of residency from purchase of investment (which requires keeping the property and spending a total of 35 days on Portuguese soil) investors can obtain citizenship and a Portuguese passport for themselves and their dependents. This will give them the ability to live, study and work in any of the other EU member states and, as Portugal has the 7th most powerful passport in the world, visa-free access to 186 countries.
According to Sable International, “this is an excellent hands-off investment option, and will not only provide you with solid hard currency returns and a good long-term capital appreciation, but you will also enjoy the benefits of Portugal’s Golden Visa programme”.
Benefits include preferred returns of 3% per annum, no hidden costs, no transfer duties/taxes, no tax deductions or other retentions, and the fact it’s managed by credible partners.
Directly located on the water overlooking Porto, the Rebello site comprises six 18th-century port warehouses along the famed Douro River. Today, the Rebello is being developed into a luxury apartment hotel, retaining most of the historic stone buildings. Apartments come with parking and secure storage facilities on the ground floor, as well as all the other amenities you would expect from a world-class five-star hotel. The Rebello will have two restaurants, a destination Bomporto Spa with an indoor swimming pool and a cosmopolitan rooftop bar with spectacular views across the river.
Portugal witnessed a record number of residency by investment applications in May 2020, during the pandemic, with 270 applicants spending €146.2 million on securing a Portuguese passport. Henley & Partners has seen a 15% increase yoy in the number of requests on investment immigration for Portugal since July 1. https://cbiguide.com/portugal-record-citizenship-applications-investment/
There are eight investment options to choose from, though the real estate purchase option continues to be the most popular. The country offers affordable and diverse real estate offerings and investors can earn good ROI from properties due to Portugal’s burgeoning economy and super-healthy tourism industry.
Applicants via Portugal’s Golden Resident Permit Programme have the choice of investing €280,000 in real estate that has been built more than 30 years ago and is located outside of the major cities; €350,000 in real estate built more than 30 years ago; €400,000 in real estate outside major cities.
To find out more about the programme, read our country profile by clicking here