Investments into Tourism in Portugal
Portugal is one of the fastest growing countries in Europe in terms of tourism, and it is no coincidence that more and more foreign investors are captivated by the growth potential of this sector in the country. Among the many investors that NEWCO has been advising in this area, we would like to talk about a third country citizen who obtained his residence permit for investment by acquiring a property in a historic area of Lisbon.
Working alongside our partners, we advised our client throughout the entire process of him moving to Portugal with his family, from obtaining a residence permit to choosing the perfect house, contacting banks to open bank accounts and various recommendations tailored to this family's interests.
These ranged from restaurants and gourmet shops to hairdressers and decorators, finding an international school and even a rugby club where his children could continue to play their favourite sport.
We incorporated the company and continue to support our client in the administrative management of said company as well as accounting and tax management. In addition, we ensure local accommodation, cleaning, maintenance and key host services to ensure the smooth running of his tourism operations.
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