Yes, you can rent out the property you purchase for the Golden Visa, but be aware of country-specific regulations.
Yes, you can rent out the property you purchase as part of the Golden Visa program in Portugal. Renting out the property is a common practice and is allowed under the program.
However, there are a few considerations to keep in mind:
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Compliance with Regulations: Ensure that the property is used in compliance with local regulations and zoning laws. In some cases, there may be specific requirements for short-term rentals.
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Tax Obligations: Rental income is subject to Portuguese tax laws. You will need to declare any rental income and pay the applicable taxes.
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Program Requirements: While renting out the property is allowed, the investment should still meet the Golden Visa program's criteria, including maintaining the property for the duration of the visa.
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Property Management: If you choose to rent out the property, you may need to consider property management services to handle tenant relations and maintenance.
Renting out the property can also be a way to generate income while meeting the investment requirement of the Golden Visa.