New legislation STOPS OUR PORTUGAL GOLDEN VISA APPLICATION in its tracks! WHAT IS GOING ON WITH SEF?
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- Опубликовано: 13 июл 2024
- In today's video we talk about how new legislation STOPS our Portugal GOLDEN VISA APPLICATION in its tracks! And what is going on with SEF?
We had expected today's video was to tell you our Golden Visa Application has been approved and we are now waiting for our Biometrics appointment. BUT it is a completely different story.
Keep watching to learn more. We also talk about why we had to leave Madeira!
DISCLAIMER: This video is about our own personal journey and provided for general information purposes only and is not intended to be, nor should it be construed as, legal or professional advice of any kind.
USEFUL LINKS
Our Lawyers
www.newco.pro/en
SEF to be replaced by the Portuguese Agency of Migration and Asylum (APMA).
www.portugal.com/news/portugu...
RE-STRUCTURING OF SEF POSTPONED BY THE GOVERNMENT
iaservices.pt/extinction-of-t...
I'm sorry to hear this! your situation is very common. the golden visa is fraught with problems and money grabs by lawyers. I have heard things are rolling again. However, It's so much better to go the D7 route. Golden Visa is on its way to be abolished as of Sept. 2023.
This is all very helpful, thank you for the insight and adventure. 😇
We are pleased you find our videos helpful. Our job is done 😍 keep tuned to discover more 👍🏻
Thank you for the information.
Honestly, you all seem to be taking this well. The bureaucracy in Portugal is a nightmare! There should be exceptions made for you because this isn’t your fault!! Portugal need people to invest in their country but situations like this are making people like me think otherwise about moving there. Your situation upset me. I truly hope this works out for you. Portugal has to do better
your have to adapt to your host country not other way
@@cutesy1631 it’s not a host country to adapt to if you can’t enter it!
@@cutesy1631 I would have every intention of adapting to or integrating into Portuguese society. Everyone knows the bureaucracy in Portugal could greatly improve. That’s the only problem I have heard people talk about. The people are beautiful, the land is beautiful, it’s an overall peaceful society. I would love to be apart of that.
@@RushmoorFizzbomb go educated your self please Portugal in one of the easier country to immigrate too in the world, the problem here is the mind set of people like you expected the Portuguese people and authorities to bow for you so call expats
@@mikejust3790 sorry if I'm wrong but charge from you photo portrait you're American just ask any who try to apply for a visit visa never mind a working visa or try to immigrate and live there
Ohhh such a bad news… I saw on your face a huge disappointment… but don’t worry, stay resilient! You will do for sure , you will have your dream house and your new life soon !
I also had many troubles with my house building in Calheta, the work was suspended , I had to do a new projects etc etc. but finally all turns to positive. I wish you all the best and stay strong ! 💪
My advice, based on living on Madeira for 12 years, is to just go with the flow. Getting used to the bureaucracy and going from one office to another is just how it is. Keep smiling and it will eventually turn out ok
Thanks Colin, we really appreciate your positivity 💚
Hiiiii
Nice video
Thank you for sharing
Thank you too 😎 💚
I’m really sorry to hear that. I hope things get sorted out for you much sooner than later. I also had to leave Madeira recently and returned to the states. Missing the island so much already. I am beginning the visa process myself. Not a Golden Visa, but the D7. From the sounds of it, the SEF situation has thrown a wrench into all residency visas. Dang!! Thanks so much for the information!!
Hi James! Thank you for your comment and sharing where you are in your move to magical Maderia. I understand that because you start the D7 visa process in the country where you are from the process is easier and quicker than the Golden Visa. All the best and we hope you get back to Madeira soon 💚
Wow this is so interesting Brexit nightmare ongoing
Best wishes sent to you.
Thank you Derek. We are now making progress 🙏
Thanks much for sharing your story. 18 months is very a realistic number. At least your lawyer was honest on that. But he could have been honest with you about this before starting the process. The SEF was always slow back then. Some clips in youtube reporting people in 2014-2015 had to wait years to get their residence cards. Wishing you all the best in the beautiful island Madeira....
Thank you for your kind words. This is very sad to hear. For us the Golden Visa changes that happened in January of this year not being reflected on the website is our most major concern as there is no date being given for this important first step of successfully being able to submit the visa application. However we will not give up and we are very much looking forward to returning in August for our 3 months 💚💙
prior to January, i heard it was a 6-week -10 week process. we will be going through this soon. we are doing the residential purchase method. hopefully, it will be easier.
The delay already existed when you made the investment. Your lawyer and agent simply did not tell you. Nomad capitalist just did a survey. Some guys invested in 2019 but are still waiting for the biomedical appointment.
Nomad Capitalist also says it could take 18-24 months to get the Visa. Could this have tax implications if you sell up as a non-tax resident before you get your Visa?
Not sure about your question
Can you get Portugal passport in 5 years through golden visa investment？ruclips.net/video/FaCDSYmt-wI/видео.html
Been going through so many websites and videos from Samantha North promoting investment options for the Golden Visa. Then saw your video and made me rethink about starting the process.
*LEGENDS* Thank you for taking the time to share your nasty experience, and trust it will help many others in avoiding having to bare the emotional and mental stress of the process.
Would love to see a video of the "Its Finally Done Moment" to show the "fruits of your labor".
Wishing you both all the best, and holding thumbs..... Both Champions.
Hello Blaine! Thanks so much for your support for our videos and our experience. Do keep watching as we most definitely will share a video of when we do finally have our visa! We still have 3 weeks before we can return to Madeira for our next 3 month stay and we should have heard more from SEF by then. It will all be worth it! 💚💙
What a bombshell! I’d be absolutely gutted. So now what?
Have you considered a D7 Visa? You did briefly mention it in part 1. I don’t know if all Visa applications are stuffed up by SEF, but is that D7 option no good for you?
Hello How are you? When did you apply for the visa?
Now you can submit your application for the golden visa normally, confirm with your lawyer :)
Yes!! 😀
Wishing it just get done for you swiftly.
I feel you, sold everything to have a new home and it’s not there yet.
Thank you for your kind words 💚
Thank you so much for sharing this information and your journey. So helpful and interesting. We would love to hear more about the steps you took to purchase a house that needed renovations. Do you have any recommendations about finding a lawyer, etc.? I will cross my fingers that the administrative issues are quickly resolved for you!
Hi Michelle! You are welcome, thank you and thank you for watching. One of our next videos will be the steps we took to buy our house and some of the things to be aware of. Do look out for it 😊 Our lawyer was recommended to us and that is a good way to find someone you can trust however I think speaking to 2 or 3 lawyers before engaging someone is something I would recommend.
@@ourbrightjourney Thank you so much! Hope you have a great day!
How much was the cost of purchase and separately the cost of renovation
This sucks. Can you get a D7 or other visa in the meantime?
Hi guys, thanks so much for all the info you are willing to share. We were in Madeira in May scouting out the place and getting started on finding a home etc. Just wanted to hear your thoughts on if you had it all to do over, would you have gone for the D7 visa. Also, would you know if one were to apply for the D7 and rent/lease for 6/12 months, are you then able to apply for the Golden Visa if and when one found a place to buy? Again, we are just preparing to move over and given the current state of affairs, we were thinking what would be the better of the two visas to apply for. All the best to you both!!
Hello! Thank you for watching. It is a good question and the one thing we would have done differently is to speak to several different lawyers whereas we just engaged Newco because they helped us with our house purchase. In your situation I would reach out to a few different lawyers to find out as much information as you can before making your choice. As the D7 process starts in the country where you live, our understanding is that the D7 visas are currently being processed and will be easier and quicker to get with SEF as it is right now. Even now our lawyer can not give us a clear answer as to when the Golden Visa website situation will be resolved. The Golden Visa has benefits over the D7 and was favoured by us for several reasons including you don’t have to reapply after a couple of years however these benefits are no good to us if we can’t even submit our application. In answer to your other question, if you apply for a D7 our understanding is that you cannot then apply for the Golden Visa. Our lawyer told us that according to Madeira Immigration Services you can't apply for the Golden Visa and a D7 Visa simultaneously. This understanding is based on the fact that they are two visas whose accession precludes the access to another visa. Again, the best advice we can give is to speak to several lawyers and see what information and advice they can give you. All the best in your move!
Thanks for sharing. Is there any advantage to go for a D7 Visa while you wait for the Golden?
Hi and thanks for asking. Our lawyer advised us against applying for the D7. He says “- The Golden Visa and D7 visa are conflicting, you can't have both or run for both.” Have you seen our update on the visa? ruclips.net/video/drwh2z2PAyY/видео.html
It's pretty risky buying before any visa secured, I guess that's the way. I heard you can get the golden visa for 280k property purchase on the mainland
Yes, that’s right you have to invest before you can apply for the Golden Visa. I have also read about then property investment option for €280000 if the property meets certain criteria. However at the moment there’s a lot of unanswered questions for Golden Visa investors.
do you mind sharing how much you need to invest (purchase of property + rehab cost) to qualify for GV. I know you need to spend at least $350k plus rehab but I can't find anything stating exactly the total needed? I might be priced out of the GV....
Hello 😍 great question and perfect timing as we have filmed a video answering this very question and it is coming out today! 🙏 😎
Hi guys 👋 thanks very much for sharing 🙏🙏🙏, u have really given us insight as to what seems to be a rather cumbersome process ( & unnecessarily expensive!) The Portuguese authorities certainly appear to be difficult & extremely unsympathetic! After hearing about many other nightmare stories, Portugal is definitely off our shortlist, we will relocate to a place that at least attempts to treat investors better. Once again tx , all the best 🥂
Hello and thanks for watching! All the best for your move. We would still choose Madeira as it is a magical place and we fell in love with it. "Keep going… difficult roads can lead to beautiful destinations". 💙 💚
@@ourbrightjourney Hi there thats awesome that u have found the place for you 👍. Madeira certainly looks awesome! We are currently exploring/ researching Mauritius 🇲🇺 ... We been swimming with dolphins every morning...loving the warm weather & sea temperature with all the scuba diving, surfing etc.. I must admit that the forward trajectory mindset of their Economic Development Board along with ZERO Capital Gains Tax ( incl of all world wide assets) , zero Withholding tax on dividends etc + harmonious flat tax rate of 15% for VAT , Personal Income, Corporate Tax is rather tempting us to formally tax-emigrate here! 😃🔝🌊🏝🐬🥂
Hi again! Oh yes we had an amazing holiday in Mauritius, it is beautiful and it sounds like you may have found your place! Where are you guys from? 🙏☀️🏝
Hello I hope that you managed to get everything . Get careful when exchanging money to buy the house you only can take a certain amount every day to do exchange . When I left the UK 2018 and returned to Portugal I lost a lot of money because of the interference of Boris and the pound going up and done. Don't forget to apply to non-habitual resident status to taxes when you live in Portugal .
Hi Isabel. We are sorry to hear you suffered with a poor exchange rate. The timing was perfect for us when we put the deposit down on our Madeira house with the pound to EU being the highest for a while. We used a brilliant currency exchange company called Tor FX to transfer our money over to Portugal. Highly recommend them 💚💙
@@ourbrightjourney Yes it was bad in that time but I did manage to buy a house in Sintra village near from everything in a quiet place only houses and gardens nothing else . No regrets I can walk to all the sites in the village . Even I'm m Portuguese and my husband British I did forget how Portugal is very bureaucracy in certain things needs to improve and change . I was born in Madeira in Santa Cruz and I know very well the Island my mother lives in in Santa Cruz in the road that goes to Santo da Serra . If I go next year to Madeira to see my mother we can meet if you like . Enjoy Madeira
Hi there.
I am in a similar situation and in some ways more advanced in some areas.
How can we contact to talk?
I think we can combine the knowledge we have and help each other.
I came back to the US about 2 months ago after spending close to 5 months in Portugal.
Thanks.
Romi
Hi you can come and find me on Instagram @the_raeway 😎
Surprise! Heat of more than 32 C is unbearable for me. Although the mean values in May are within this limits, Meteoblues´s observed values in May show terrible outliers. God thanks I have a lithuanian Schengen passport. There is a way to stay 90 days more, but it´s through your embassy, I don´t know exactly as it´s not for me. Activo Bank opens remotely an account through a video call that figures in their webpage, I suppose obtaing the NIF through them at the same moment. Again, this doesn´t apply for me. For latin american ppl the process associated with an interest manifestation (MI) to obtain residency takes 18 months or more. But Portugal is uniquely safe, & Madeira more. What a mess!
Hello, great video, I had a good time with you, thanks for the company, friendly like, come visit, I will be very happy, all the best to you, have a good evening,😍😍😉😉
Thank you too 💚 do join us next time!
try investing by opening a business
Thank you so much for your sharing. Do you mind giving me the contact details of the lawyer/agent for Golden Visa application?
Hi yes of course. We used a company called Newco and you can get in touch with them by emailing Claudia on claudia.vasconcelos@newco.pro. Do tell them we recommended them to you and all the best in your venture 😊
Damn Brexit.
i new this was going to happen so i just went through the d7.
Ah that’s brilliant!
It was wise to use attorneys for both the Golden Visa and the real estate purchase. It would probably be even worse it you tried to do everything on your own. Brexit really complicated everything!
Throw covid in the mix and it’s a real challenge! Our lawyers made things happen that we could not have done on our own. Thanks for commenting David.
Yes Brexit is to fill the pocket of the politician and the English people could suffer
Very few people realise the 90/180 applies to everyone in the EU too, always did. It was never enforced mostly because of the open borders within the schengen ie lack of passport stamp. Technically when you stated that before Brexit you could have gone to Portugal and stayed as long as you wanted that was wrong after 90 days you would have had a legal requirement to register, The fact they could prove when you arrived ment it never happened.So you and other get away with it.
Take my example As a French resident I could go to Portugal and as you say stay for as long as I like, In fact I spent 4 months last year in Spain, Because again like everyone else in the EU, they could not prove when I arrived., So not technically correct to have a residency in one EU county but live in another, it's easy to do. But the very best of luck for the future.
Yes that makes a lot of sense. Thank you for taking the time to comment 😊
The EU are pushing hard to get rid of the golden visa system.
Send soon