PORTUGAL GOLDEN VISA PROGRAM

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1 PORTUGAL GOLDEN VISA PROGRAM

2 PORTUGAL A GATEWAY TO EU CITIZENSHIP

3 Time for Portugal/EU Residency 6-8 months Time for Portugal/EU citizenship 72 months Investment Real estate Amount 350,000EUR Guarantee on investment 100% Annual return (ROI) 4% rental guarantee* *ROI may change due to different assets/projects 3

4 4 OVERVIEW

THE LAW The Golden Visa Program/ ARI is the fastest and simplest program that provides foreign investors the right to reside in Portugal/EU and opens a gateway to get EU Citizenship for themselves

5 THE LAW The Golden Visa Program/ ARI is the fastest and simplest program that provides foreign investors the right to reside in Portugal/EU and opens a gateway to get EU Citizenship for themselves and their families. With the Act 29/2012 and the Order nr A/2012 as amended by the Order l66l -A/2013 GOLDEN RESIDENCE PERMIT program started on October 8, ln accordance with the Act, residence permits to third country nationals, according to the PROGRAM, are granted to those who intend to perform, by themselves or through a company, any activity that generally leads to the concretization of at least one of the following situations, in national territory: Capital transfer with a value equal to or above 1 million Euros; The creation of, at least, 10 job positions; The purchase of real estate property with a value equal to or above 500 thousand Euros. Starting July of 2015, the Law was renewed and revised through the Act 63/2015. Investors can now carry out investment activities through the following ways: Capital transfer with a value equal to or above 350 thousand Euros for investing in research activities; Capital transfer with a value equal to or above 250 thousand Euros for investing in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage ; Capital transfer with a value equal to or above 500 thousand Euros, for purchasing shares in investment funds or in venture capital; The purchase of real estate property with a value equal to or above 500 thousand Euros or; The purchase of real estate property, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above 350 thousand Euros. Located in urban regeneration areas where the value of this investment may be reduced by 20% ( ,00) provided it is made in sparsely populated areas (less than 100 inhabitants per sq.km., or where the GDP per head is below 75% of the national average.) 5

GOLDEN VISA PROGRAM The Golden Visa Program is one of the fastest choices for foreign investors or third country nationals to be granted a residence permit, through investment activities conducted

6 GOLDEN VISA PROGRAM The Golden Visa Program is one of the fastest choices for foreign investors or third country nationals to be granted a residence permit, through investment activities conducted within Portugal territory. By investing only 350,000EUR or above, residence permit holders already have the right to reside in Portugal and enjoy free travel within the 26 nation members of the Schengen zone. The main benefits of the program are the various choices of investments, fast processing and a minimal requirement for residency. This makes Golden Visa the fastest growing investment immigration program in Europe. COST AND BENEFITS Investment amount 350,000EUR ++ Return on Investment (ROI) 4%* ROI after 6 years 86,250EUR* *ROI is calculated on 350,000EUR and could vary due to different projects/assets 6

7 APPLICATION FORM INCLUDES Principal Applicant (P/A) The Spouse Minors or unmarried children who are financially dependent on the Couple First-degree relatives of the P/A or his/her spouse that live dependently on the Couple Minor siblings provided they are under the tutelage of the P/A 7

8 8 ADVANTAGES

9 ADVANTAGES OF GOLDEN VISA PROGRAM No requirement on management experience No requirement on age, language or education credentials to apply for Golden Visa Simple process of application Quick processing time to receive residence permits Various and low choices for investment, only 350,000EUR++ No strict requirement on Source of Funds High return based on annual rental guarantee of 4%* Refund 100% of investment after 5 years or flexible schedule of refund based on the desire of Investors Right to live, do business, study in Portugal and/or EU under certain conditions Minimum time requirement to stay in Portugal is on average 7 days per year Travel freely within the Schengen zone Portugal doesn t charge tax on worldwide income Apply for citizenship easily and be granted EU benefits REQUIREMENTS Be 18 years of age or older, no age limit Possess a valid passport and reside legally in a country Investment period for at least 5 years or until the time the investor can get the Permanent Residence card. Comply with the minimum time of staying in Portugal - 1st year: 7 days - 2nd and 3rd year: 14 days - 4th and 5th year: 14 days - After the 5th year: the Investor can apply for permanent residency - After the 6th year: the Investor can apply for Portugal/ EU citizenship Permanent residency and citizenship require a basic knowledge of Portuguese language Comply with the Health Insurance Policy 9

PROCESS 1 2 3 Check Investor Eligibility for Golden Visa Program (an exploratory visit may occur, optional) Sign POA and Agreements

10 PROCESS Check Investor Eligibility for Golden Visa Program (an exploratory visit may occur, optional) Sign POA and Agreements Authenticate documents at Portugal embassy Transfer investment fund and all related fees to the Applicant s personal account in Portugal 10

4 6 5Travel to Portugal for SEF All documents are submitted to SEF online Interview is scheduled after SEF analyzes documents Interview Final decision

11 4 6 5Travel to Portugal for SEF All documents are submitted to SEF online Interview is scheduled after SEF analyzes documents Interview Final decision of SEF (30-90 days) Hold Residence Permit for 5 years Convert to Permanent Residence after 5 years of Residency Convert to Citizenship after 6 years 11

STATISTICS According to the statistic of SEF, from October 2012 to February 2018, Portugal has issued 5,876 residence permits for investors and 9,861 residence permits for family members under the

12 STATISTICS According to the statistic of SEF, from October 2012 to February 2018, Portugal has issued 5,876 residence permits for investors and 9,861 residence permits for family members under the Golden Visa program. Total foreign investment in Portugal surpassed 3.6 billion EUR, in which 3.2 billion EUR was invested into purchasing real estates. Most of the investors came from China, Brazil, South Africa, Russia and Turkey. 12

GOLDEN RESIDENCE PERMIT PROGRAMME(ARI) l data from the 08th of October 2012 to the 28th february 2018 5876 Residence permits for pursuing investment activities (ARI) 2012-2 2013-494 2014-1526

062.493,99 by capital transfer 3.264.754.

13 GOLDEN RESIDENCE PERMIT PROGRAMME(ARI) l data from the 08th of October 2012 to the 28th february Residence permits for pursuing investment activities (ARI) Residence permits to family members (family reunification) Total investment , ,99 by capital transfer ,16 by purchasing a real estate property Main Nationalities China 3709 Brazil 507 South Africa 234 Russia Turkey ARI by acquiring real estate (5439 by article 65-A (1) (c) and 114 by article 65-A (1) (d)) Order 15-A/2015 of September 314 ARI by transferring capital 9 ARI by creating, at least,10 job positions MINISTÉRIO DOS NEGÓCIOS ESTRANGEIROS DIRECÇÃO GERAL DOS ASSUNTOS CONSULARES E DAS COMUNIDADES Ministry of Foreign Affairs Trade & Investment Agency Immigration and Borders Service 5,876 5,553 9,861 RESIDENCE PERMITS FOR INVESTORS PERMITS FOR ACT OF PURCHASING REAL ESTATES PERMITS FOR FAMILY MEMBERS BILLION EUR INVESTMENT BILLION EUR IN REAL ESTATE PURCHASES 13

INVEST WITH US PROJECT OVERVIEW THE REAL COMPANHIA The project is about the rehabilitation of Casa da Companhia, an emblematic building that was built in 18th century in Porto, and converting it into

14 INVEST WITH US PROJECT OVERVIEW THE REAL COMPANHIA The project is about the rehabilitation of Casa da Companhia, an emblematic building that was built in 18th century in Porto, and converting it into a 5 star Lux Residences hotel with: 32 decorated and equipped Suites, Club ans Spa, Indoor and outdoor swimming pool, Fine dining restaurant and Shop. Located within the heart of a tourist zone in the second largest city of Portugal, Porto is one of the oldest European centres, and its historical core was proclaimed a World Heritage Site by UNESCO in Casa da Companhia receives not only support from local government but also from the EU through financial fund Portugal 2020 TOTAL PROJECT COST 11.2 TOTAL INVESTORS 32 MILLION EUR INVESTMENT AMOUNT 350,000 EUR CONSTRUCTION TIMELINE 12 MONTHS ANNUAL RENTAL GUARANTEE 4% TOTAL BENEFITS AFTER 6 YEARS OF INVESTMENT 83,000 EUR 14

15 PROJECT NAME CASA DA COMPANHIA /LUX RESIDENCES HOTEL ADVANTAGES Invest in a qualified restoration real estate project located in Historic Centre of Porto, a World Heritage Site proclaimed by UNESCO Portugal Fund 2020 support finance during construction BENEFITS FOR THE INVESTOR To be reimbursed a municipal property transfer tax worth 13,000EUR upon completion of the project No annual property tax Receive 4% Return on Investment annually The project is the second 5 star hotel in Porto Become the Owner of the Real Companhia hotel City of Porto is top 5 cities in Europe that attract tourists worldwide Occupancy ranking of hotels in Porto is more than 70% Flexible Exit strategy Stay in the hotel to comply minimum time requirement of Golden Visa program Low investment amount of only 350,000EUR 32 INVESTORS FULLY SUBSCRIBED SUCCESS RATE 100% CONSTRUCTION STARTED IN JULY 2017 THE 3RD 5* HOTEL IN PORTO 15

16 INVEST WITH US A SPLENDID PROJECT DESIGNED BY EXPERTS PROJECT OVERVIEW Being inspired by the Porto Cathedral, one of the city's oldest monuments and one of the most attractive places for tourists, SÉ CATEDRAL HOTEL is a project of rehabilitation of an old building in the Historic Centre of Porto, a UNESCO Heritage in 2012 and conversion into a boutique hotel of 80 rooms, 5 floors, with amenities such as restaurant-bar, and a terrace café. It is located at the heart of the Historic Centre of Porto - registered as a World Heritage Site by UNESCO; with front views over the Porto Cathedral and nearby the city icon Dom Luís Bridge, a famous tourist attraction place in the city. It will quickly establish itself as a key tourist destination, offering the perfect location to enjoy the city of Porto. This wonderful project also receives supports from local government. ONLY 350,000EUR FOR AN INVESTMENT RECEIVE RESIDENCE CARD IN ONLY 90 DAYS GUARANTEED 4% ANNUAL RENTAL INCOME GUARANTEED BUY BACK INVESTMENT 7 DAYS FREE ACCOMMODATION PER ANNUM OBTAIN PASSPORT AFTER 6 YEARS 16

PROJECT NAME SÉ CATEDRAL HOTEL A combination of Classic and Contemporary design at the Heart of The Historic Centre of Porto BENEFITS FOR THE INVESTOR To be reimbursed a municipal property transfer

asset at any time starting from 2 nd year Free accommodation of 7 days a year for investors and their family members ADVANTAGES Invest in Porto - Top 5 leading cities in Hotel and Tourism A qualified

17 PROJECT NAME SÉ CATEDRAL HOTEL A combination of Classic and Contemporary design at the Heart of The Historic Centre of Porto BENEFITS FOR THE INVESTOR To be reimbursed a municipal property transfer tax worth 16,250EUR upon completion of the project No annual property tax No annual management fee Receive 4% Return on Investment annually Become the Owner of the SÉ CATEDRAL HOTEL Right to sell the asset at any time starting from 2 nd year Free accommodation of 7 days a year for investors and their family members ADVANTAGES Invest in Porto - Top 5 leading cities in Hotel and Tourism A qualified restoration real estate project located in the Historic Centre of Porto, a World Heritage Site proclaimed by UNESCO with an amount of ONLY 350,000EUR Fantastic location with view over Porto Cathedral, one of the most attractive places in the city, with numerous historic buildings, shopping centers, bars and restaurants surroundings Qualified for government incentives An opportunity to invest at a reasonable price and get residence cards for the family TOTAL PROJECT COST 23.8 MILLION EUR CONSTRUCTION TIMELINE 2ND QUARTER 2018 The hotel is a commercial real estate that generates income annually A beautiful project designed, created and managed by a group of experts in Portugal INVESTMENT AMOUNT ANNUAL RENTAL 350,000 GUARANTEE 4% EUR TOTAL INVESTORS 68 EXPECTED START OF OPERATION 2019 TOTAL BENEFITS AFTER 6 YEARS OF INVESTMENT 86,250 EUR 17

GET TO KNOW THE EU 28 MEMBER STATES AND STILL GROWING The European Union is a unique political and economic partnership among 28 democracies united in their commitment to peace,

18 GET TO KNOW THE EU 28 MEMBER STATES AND STILL GROWING The European Union is a unique political and economic partnership among 28 democracies united in their commitment to peace, democracy, the rule of law, and respect for human rights. The EU s Member States have shared some of their powers with EU institutions, and many decisions are now made at the European level. 18

5 IMPORTANT THINGS TO KNOW ABOUT THE EU 1. The EU has delivered more than 60 years of peace, stability and prosperity in Europe. 2.

efficiency, combating climate changes and helping developing nations. THE MOTTO UNITED IN DIVERSITY 3. The EU is the world s largest trading bloc, accounting for 1/6 of all global trade.

The EU strictly commits to execute climate and energy targets more than anywhere else in the world. 5. The EU grants all its benefits to citizens of the 28 Member States 4.

represents roughly 25% of the global Gross Domestic Product. THE 12 STARS In a circle symbolize the idea of perfection, completeness and unity.

19 5 IMPORTANT THINGS TO KNOW ABOUT THE EU 1. The EU has delivered more than 60 years of peace, stability and prosperity in Europe. 2. The EU is the United States` most important partner not only in terms of political and economic relations, but also in addressing global challenges like promoting energy security and efficiency, combating climate changes and helping developing nations. THE MOTTO UNITED IN DIVERSITY 3. The EU is the world s largest trading bloc, accounting for 1/6 of all global trade. The EU s single market of more than 500 million consumers is the main economic regime enabling services, goods, money and people to move freely throughout its territory. 4. The EU strictly commits to execute climate and energy targets more than anywhere else in the world. 5. The EU grants all its benefits to citizens of the 28 Member States MILLION KM 2 OFFICIAL LANGUAGES MILLION TOTAL POPULATION YEARS DELIVERING PEACE AND PROSPERITY EU MEMBER STATES ACCOUNT FOR ALMOST 1/4 OF THE ENTIRE GLOBAL ECONOMY This means the EU represents roughly 25% of the global Gross Domestic Product. THE 12 STARS In a circle symbolize the idea of perfection, completeness and unity. AWARDED THE 2012 NOBEL PRIZE for contributing for more than six decades to the advancement of peace and reconciliation, democracy and human rights in Europe. EURO CURRENCY World s second most important international currency, after the US Dollar. Used in more than 1/3 of all foreign exchange transactions Used as the shared currency by 19/28 EU Member States. 19

20 RIGHTS OF EU CITIZEN Any person who holds the nationality of an EU country is automatically also an EU citizen. An EU citizen has the right to: Move and reside freely within the EU Study, work and enjoy the benefits of Health Care, Education and Social Security within the EU Non-discrimination on the basis of nationality Vote for and Stand as a Candidate in European Parliament and municipal elections Be protected by the diplomatic and consular authorities of any other EU country Combine Social Insurance contributions, grant State Pensions abroad within the EU 20

21 PORTUGAL Founded in 1128 Total population of 10.4 million Ranked 38/140 on national economic competitiveness Among the top 10 safest countries in the World Lisbon and Porto are the 2 main cities PORTO Second largest city in Portugal Historic centre of Porto is named a UNESCO World Heritage Site Revenue mainly from Tourism and Export Porto wine was ranked No.1 in 2014 Porto was elected The Best European Destination in 2014 and 2016 Among the Top 5 cities that welcome tourists in EU with an occupancy rate of over 70% 21

22 THE GOLDEN VISA PROGRAM offers the fastest gateway for investors to become EU citizens. Being granted Portugal residency will give investors and their family members access to public Health Care, Education and Social Security. It also gives them a chance to become EU citizens and enjoy the benefits of the EU as a whole. DISCLAIMER: Disclaimer: Any liability that would or could arise as a result of the contents of this brochure is hereby excluded to the fullest extent allowed by law. None of the material contained in this brochure constitutes legal, tax, investment or any other advice on its subject matter. Although reasonable care has been taken to verify the accuracy of the content hereof, no representation, express or implied, is made as to the accuracy, completeness or correctness of the information or opinions contained in this brochure either at the time of its publication or otherwise. Neither Pam Golding Properties (Pty) Ltd, nor its directors, offices, employees, agents, advisers, shareholders or associated companies shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on this brochure, or as a result of any omission therein. Accordingly, please do not act in reliance on the information published without consulting a suitably qualified independent legal or other professional advisor of your own choosing. Pam Golding Properties shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use of or reliance on any of the advice provided by any one or all of the professional advisers identified by Pam Golding Properties in this brochure. Any and all information contained in this brochure is subject to change without notice and subject to the law as currently stated in Portugal. 22

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Interested in exploring more, please contact: +27 21 762

24 Interested in exploring more, please contact: pamgolding.co.za/portugal

PORTUGAL GOLDEN VISA PROGRAM CASCAIS 1899 BOUTIQUE HOTEL. One of the best, unique and more expressive locations in Portugal

PORTUGAL GOLDEN VISA PROGRAM CASCAIS 1899 BOUTIQUE HOTEL One of the best, unique and more expressive locations in Portugal Golden Visa offers EU residency and an attractive return on investment Up to 4%