Wine, landscapes, and climate – Madeira has been emerging from the map in recent years and foreign investors know why. There is no shortage of reasons, starting with the breathtaking scenery, the affordable cost of living, quality of life, and return on investment for retirees and Golden Visa holders.
With easy access to quality health care and a favorable tax regime, Madeira has conquered anyone looking for that perfect balance between what it offers and what families come looking for.
This thus explains why the island attracted 2 million euros of investment in 2022. Four Residence Permits for Investment Activity (ARI) were granted in the autonomous region between January and February, to citizens from Russia, Iran, and Australia.
The information from Foreign and Borders Service (SEF), cited by Jornal Económico Madeira, also reveals that the investment captured through golden visas reached 60 million euros between 2017 and 2021, mainly in the real estate sector, from citizens all over the world.
Want to know what countries are investing more in Portugal? Find out here!
An opportunity for both country and investors
This is more than an opportunity for Madeira’s economy. New Golden Visas rules are more restrictive when it comes to Lisbon or Porto, but Madeira is an affordable gateway to Portuguese residence, with excellent tax benefits for new residents and retirees. The NHR-regime, for instance, allows you to pay zero tax on your pension when living in Portugal. Want to know more about this favorable tax regime?
But if you fancy something on the mainland, rest assured: there are also opportunities for you. Portugal is one of the 10 most attractive destinations to invest in, whether it is in software and IT services or in real estate. As a matter of fact, second-tier cities can offer all sorts of lifestyles to all sorts of people. Braga is one of them, located in northwest Portugal, close to Porto, and the right place for those seeking innovation and overall safety!
If you’d like to learn more about investment opportunities, feel free to contact us. Our team of experts in real estate and business sectors will be more than willing to help you achieve your dreams!