What should you pay attention to when opening a business in the Algarve?

Based on actual cases, I found that the renewal documents are all similar. You only need to pay attention to the following points to successfully open a visa in the Algarve:

1

Investors opening a business in the Algarve must purchase insurance, regardless of whether they are permanently resident there. Regarding insurance, investors can buy PICC insurance in China, which costs about 2,600 yuan per person per year, but I recommend investors to buy local fidelity insurance, which costs about 100 euros per person per year.

If the investor is determined to purchase local loyalty insurance in Portugal, the investor is required to sign the insurance contract and automatic deduction agreement in advance, and fill out the questionnaire. After signing, send the scanned copy to the lawyer, who will purchase insurance for the investor before submitting the investor's documents. (Investors should keep the original documents for themselves. If they want to cancel the insurance in the future, they need to mail the original signed documents to the insurance company. The investor will be responsible for the postage.)

Documents that need to be signed for new insurance: (The policyholder is the account number Owner)

A. Golden Residence Insurance Contract, which needs to be signed by the policy holder, on the third page;

B. Golden Residence Bank Automatic Deduction Agreement, which needs to be signed by the policy holder ;

C. Health questionnaire requires the signature of all insured persons over 16 years old. If the insured person is younger than 16 years old, it must be signed by the policy holder;

D. Additional attachments are required The height and weight of each policyholder.

2

Bank statement: This document is issued by the bank, proving that the investor has transferred enough funds to handle the investment. The good news is that investors do not need to worry about this document. Professional lawyers will assist investors in issuing documents and will not charge any fees to investors, allowing investors to prepare documents easily.

3

In the past, when applying for documents in Lisbon, children over 18 years old were required to provide double certification of proof of enrollment, proof of unmarried status, and proof of financial independence. However, in the Algarve , it should be noted that there is no age limit. Children under 18 years old also need to provide double certification of proof of enrollment. There is no special format requirement for proof of enrollment. You can refer to the attached certificate of enrollment template, which requires the school’s official letterhead and Chinese-Portuguese translation. , signed and sealed by relevant certifiers.

4

Investors who open a document in the Algarve also need to provide a Portuguese crime-free double certification. This Portuguese lawyer team will also assist the investor in issuing it. .

The above is what I shared today. After reading it, will everyone suddenly have a clear understanding of the Algarve immigration issue?

Advantages of the Portugal Golden Residence Permit Project

Project that benefits the whole family: As long as the middle generation of a family of three generations purchases a property of 500,000 euros or more in Portugal, then the property holder The parents, spouse's parents, and children can all obtain the golden residence permit as subsidiary applicants without investing in real estate again.

One of the fastest-approved residence projects on the market: In September 2015, the Portuguese Immigration Bureau promulgated an amendment to the Immigration Law, which stipulates that “relevant departments must respond to the approval of the first application for golden residence within 90 days. Result", "Relevant departments must respond to the approval results of golden residence renewal within 60 days."

You can apply for permanent residence in 5 years: After holding the golden residence permit for 5 years, you can apply to become a permanent resident of Portugal, and the property will be available for sale by then.

No business background, academic background requirements, no language requirements, no funding source requirements: Applicants do not need to provide any management experience, academic certificates, language test certificates, nor funding sources. prove.

No immigration prison: Unlike traditional projects, the Portuguese Golden Residence Permit policy does not have long-term residence requirements. On average, it is enough to live for at least 7 days per year, and it is not considered "prison" at all.

Can work and do business: Holding a Portuguese Golden Residence Permit can legally work and do business in Portugal without having to apply for a work visa again, and the applicant's future income is guaranteed.

The property can be rented out: If you don’t want to live in it yourself after purchasing the property, you can also rent it out. Many developers can provide leasing services, or you can also rent out your property through an intermediary. The annual return rate is Between 3%-5%.

Free travel to the 26 Schengen countries without applying for a visa: With the Portuguese Golden Residence Permit, you can travel freely within Europe. 26 European countries are available for you to travel freely. There is no need to go through any visa formalities at all.