gev portugal
TRANSCRIPT
PROCEDURES
&
SERVICE PROPOSAL
PORTUGUESE GOLDEN VISA
LISBON 23.10.2014
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ACKNOWLEDGEMENT
In this document we present GEV Service proposal in alignment with the standard purchase procedure for a Golden Visa property in full specific detail.
There may be exceptions, depending on each situation that will be addressed in due course.
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PROPERTY INVESTMENTS
Acquisition of Real Estate has to be done by the applicant and should be acquired prior to initial permit request, free from any charges, loans or mortgage, with the sole exception of the possibility of encumbering the property (e.g. mortgage) in such a manner that the minimum amount of €500,000 of the initial investment is not encumbered.
A property can be sold during the residency period, but a new one has to be bought at the same time, since residency permits will be granted for as long as the investment threshold of €500,000 is maintained.
After the 5th year, once the permanent golden visa residence card is obtained, the property can be sold.
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DOCUMENTATION AND FORMAL REQUIREMENTS AT THE FIRST ARRIVAL
PRIOR FISRT VISIT
Valid Passport or another valid travelling document which must be valid for at least 1 year Schengen Visa allowing entry and permanence in national territory Criminal record certificate for the last year of the country of residence Signed application enabling consultation of the Portuguese Criminal Records by SEF Proof of means of income by the applicant or aggregate Proof of address at the home country (eg. Bank statement) Marriage certificate for wife and husband of the applicant
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DOCUMENTATION AND PROCEDURES IN PORTUGAL
FISRT VISIT Appoint Fiscal representative Fiscal number in Portugal Open an account in a local financial institution where money should be transferred to Valid health insurance from an Insurance Company authorized to operate in Portugal Powers of attorney for house purchase and Golden Visa purpose Affidavit, signed by the applicant, undertaking the responsibility of fulfilling the requirements
correlated to the investment activity conducted in national territory Payment of the applicable fees for the issuance of the residence permit 514,80€* when taking
the biometrical data (we recommend to do it as customer saves a trip) House selection and reservation Transfer of money for first instalment * Current fee
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PROCEDURES IN PORTUGAL
AT THE TIME OF HOUSE PURCHASE AND AFTER
Due diligence of the property documents by Lawyers Signature of Promissory contract by legal representative Transfer of funds by local Financial Institution to the Seller Signature of Public deed Financial Institution statement to confirm that the required amounts have been
transferred to Portugal Immigration authorities Golden Visa application Certificate issued by the Real Estate Register, which in case of promissory contract must
include where legally feasible its registration in that department
Note: Once instalments paid reach €500,000, the applicant can immediately apply for Golden Visa, even if Public Deed is not signed
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SERVICES PROVIDED (1) We offer a tailor-made service, that includes:
FISRT VISIT
PERSONAL TREATMENT We will pick up our clients from the airport. Upon request we will arrange hotel accommodation with corporate rates. Upon request we will manage transport facilities, including rent-a-car with corporate rates and
additionally, if requested a private driver speaking English. We will assist clients while they are searching their property and dealing with the Golden Visa
related issues.
Note: Hotel, rent-a-car and driver costs are directly paid by the client, unlet otherwise agreed
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SERVICES PROVIDED (2)
PAPERWORK We suggest a Fiscal Representative (legal requirement) to the Client. We assist the Client at the Bank, in order to open account and take out health insurance. We supervise the issuing of the bank certificates for the Golden Visa application. We assist the Client and set the bridge with recommended Lawyers in order to ensure professional service issue of powers of attorney, purchase and sale agreements, dealing with Foreign Office, due diligence on the property, ownership certificates issued by the Real Estate Registry Office, etc.. We accompany the Client to Local Authority, when necessary.
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REAL ESTATE ADVICE AND PERSONALIZED SUPPORT
We are independent. We advise our clients in the selection of the best properties and purchase conditions, based on our knowledge of the Real Estate market.
We offer a tailor made service and make a selection of properties, according to Client’s profile that are submitted to the Client for analysis.
We take the Client to visit the properties.
We help the Client to get the best mortgage conditions, over the €500,000 required.
Once the client decides for the property, we establish the connection with Lawyers and Bank in order to proceed with the payments until the signature of the public deed.
SERVICES PROVIDED(3)
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FOLLOWING VISITS OR ONCE CLIENT HAS MADE THE FIRST PURCHASE
FOLLOW-UP SERVICES – Acting on behalf of the Client while he/she is not in Portugal, namely with: We assist the Client with the purchase of new properties.
We make the connection with lawyers.
We establish the link with the Fiscal representative. We advise on the companies that will deal with property maintenance, utility contracts. We select an Agency that will search tenants. We represent Clients’ interests in the relationship with tenants. We will help the Client finding the best international schools, universities and degrees for the family. We help with Social Security and National Health Service Center enrolment , applicable to People who move to Portugal.
SERVICES PROVIDED(4)
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WHO WE ARE (1) GEV is a recently founded Company focused on facilitating Golden Visas to non-EU national investors. Our first and principal commitment is to improve our client’s life, giving them a personalized treatment, and contributing to the development of their businesses.
GEV was created based on the opportunity arisen from clients asking for the Golden Visa and Tax legislation, who required our services in new markets.
GEV is an independent consulting firm whose senior managers have a proven track record in Golden Visa services for more than 1 year in Portugal and Spain, as well as expertise of more than 20 years in the real estate and financial sectors, international consulting and the capacity to give expert advice on investments.
Our team of multilingual professionals based in the two countries will give advice to our clients in different languages such as Portuguese, Spanish, English, Russian and French. For other languages, we will look for interpreters if necessary.
The team has the culture of developing a close working relationship with clients with the aim of offering valuable and continuous advice to clients.
We are driven by our entrepreneurial spirit, integrity and partnering with clients. We emphasize our promise to servicing clients as if they were ourselves, which has proven to be the best way to develop our business and maintain our reputation.
Our Executive Management team includes:
Victor Artola (CEO Spain), previous 20 years working in international banking, currently CEO of GEV Spain and of FCB&A Spain where he carries out M&A, Corporate Finance and international trade transactions as well as consulting. He has been advisor and board member of several national and international organizations such as, NOSCIRA (BIOTECH), XYLATEL, TRITON CAPITAL, FLIGHTECH SYSTEMS EUROPE among others. He is also Founder and Director of the CAICO FOUNDATION, a non-profit organization committed to children suffering from cancer.
Gonçalo Almeida Garrett (CEO Portugal), more than 1 year experience with Golden Visa and former CFO amongst others at Prebuild and Novopca in Sochi, Russia, holding on-site exclusive responsibility for the local project and developing relationships with the Russian partners.
Pilar Bilbao (General Manager Spain), 15 years as a Manager at Real Estate Developers such as PLATYA and VITYLO. Areas s of expertise: negotiations with land and building vendors, banks, market research, control and monitoring of projects and aiding clients both during and after sales.
Mónica Santiago (General Manager Portugal), 9 months experience with Golden Visa and former Senior (world) Partner at Mercer Consulting, has a 25-year career throughout Europe as Board Member of Insurance Companies and Pension Fund Management Companies.
WHO WE ARE (2)
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WHO WE ARE (3) Our main offices are in Madrid and Lisbon, but we also have offices in Barcelona, Ibiza and Luxembourg.
We have local Fiscal Representatives for our clients, ensuring compliance with the tax legislation.
Several international banks and law firms, have chosen Golden Euroresidence Visas as the preferred company which offers the best comprehensive services to their international clients to maximize the benefits (now and in the future) of the Portuguese and Spanish Golden Visas offers, for many of their clients.
GOLDEN EURORESIDENCE VISAS, [email protected]://www.golden-eurovisa.com(+34) 91 781 95 70C/Fray Juan Gil 5 – bajo28002 MADRID - SPAIN
© 2014 GOLDEN EURORESIDENCE VISASThis document has been prepared by Golden Euroresidence Visas. It contains proprietary information. Any disclosure, distribution or copying of the contents of this document, in whole or in part, requires the express written permission of Golden Euroresidence Visas.
GOLDEN EURORESIDENCE [email protected]://www.golden-eurovisa.com(+351) 213 971 341(+351) 911 964 440(+351) 913 726 232R. Rodrigo da Fonseca 83 - 3º dto1250-190 LISBON - PORTUGAL