Author: Jane

Given the international public health emergency caused by COVID 19, the Portuguese Government has recently published a new regulation extending, the validity of civil documents In this regard, we want to emphasize the following: Residence permit cards whose validity expired on or after February 24th, 2020 must be accepted for all legal purposes until December 31st, 2021. […]

Marriott Renaissance Lapa is the project which qualified for Golden Visa Program (ARI), developed by Mercan Group. The Renaissance brand is premium brand which belongs to one of the World’s largest hotel – Marriot and has the perfect concept to give the hotel a vibrant, modern and sophisticated atmosphere. Marriott Renaissance Lapa project starts construction […]

In February, investment resulting from the Residence Permit for Investment (ARI) programme totalled 52,318,353 euros, 13% more than a year earlier (46.2 million euros). Last month’s approval volumes also represented a 43% improvement on February a year ago. According to the Foreigners and Borders Service (SEF), 100 golden visas were granted last month, of which […]

The increasing number of approved vaccines, and in line with it, the increasing number of vaccinated persons, has raised the hopes of many in Europe that by the beginning of summer, they will be able to take at least their first trip, after months of social distancing. A report of the European Travel Commission (ETC) […]

Portugal’s ranking when it comes to vaccines completed is ‘pretty good’,Portugal is the 6th European country with most vaccines completed. Vis-a-vis the number of citizens vaccinated per 100,000, this, at 6.7, sees the country in 22nd place worldwide, with the top 10 being: Israel (87.1), United Arab Emirates (56.2), the United Kingdom (27), Jersey (Channel Islands […]

Porto Art Suites is an exquisite serviced apartment-hotel project; together with its sister-branch Porto Art Hotel; combining into a collection of “Porto Art Selection” that Mercan Group/RAG Group develops to specially cater smart travelers to the exciting city of Porto. Located in the historic center zone with only 10 minutes’ walk to tourist spots in […]

After a year of rumors and ever-changing semi-official announcements, on February 12, 2021, the actual updates to the law were published. It takes effect on January 1, 2022. (Decree-Law No. 14/2021 of February 12, issued by the Council of Ministers). There will be no changes on the regulations related to the Golden Visa category in Portugal regarding […]

Four Points Sheraton Hotel (or Broadway A-part Hotel) is the project of Mercan Group – RAG that qualified for Portugal Golden Visa Program. Four Points by Sheraton Matosinhos is located near the beach in Matosinhos and in front of a city park in Porto. Mercan Group called successfully 54 investment slots. The Hotel started to […]

Marriott Renaissance Lapa is the project of Mercan Group which qualified for Golden Visa Program (ARI). Apart from becoming EU citizen via Golden Visa Program, the Marriott Renaissance will bring a great investment opportunity in hotel industry in Porto. The MARRIOTT RENAISSANCE LAPA is the rehabilitation from the 2.5 acres land to four-star hotel in […]

To address the biggest crisis since World War II, the European Union has released itself with a new ‘Marshall Plan’, an economic recovery package worth 1.8 trillion euros, with more than 45 billion euros was allocated to Portugal. This package combines a multi-year budget for the period 2021-2027 of € 1.07 trillion and the ‘NextGenerationEU […]

The European Union’s pharmaceutical agency green-lighted Moderna Inc.’s Covid-19 vaccine, a decision aimed at giving the 27-nation group a second vaccine for use in the fight with the pandemic. “This vaccine provides us with another tool for overcoming the current emergency,” said Emer Cooke, CEO of EMA. “It is a testament to the efforts and […]

The whole world are working together to fight against the Covid-19 pandemic in 2020. Many industries are affected, including Real Estate. Although the real estate situation in the world is extremely bleak, but Portugal has emerged as a bright spot. Compared to 2019, house prices in Portugal still increased by an average of 5.9% (reaching […]

Estimates by AICCOPN and AECOPS point to an increase in the gross value of the sector’s production to 13,739 million euros. Growth rate in 2018:3,5 and 2019:6%. Investment (GFCF) in construction and the Gross Value Added (GVA) of the sector recorded changes of 4.3% and 3.2% in the first three quarters of 2020, in year-on-year […]

In 2020, Americans were included in the monthly top 5 for May (19), July(12), Aug(7), Sep(5), Oct (5) and Nov(12). Count till November, total 60 applicants approved, compared to 2019- top 5 (65) and 2017,2018, American was now in top 5 of SEF annual report. Americans are rushing to apply for Portugal´s Golden Visa program […]

In 2020,investment in ARI program, also known as the Golden Visa , reaches 646,729,464.80 euros, compared to 742 million euros in 2019 – a decrease of about 13% , according to data from the Portuguese Immigration Service (SEF). The figures show that 1,182 profiles have been approved, less than 1,245 granted in 2019. In December, […]