VNTR Capital Village Carvoeiro Portugal

The planned launch of the VC Village is Dec 1st, 2022.

You will pay in 1 installment of 100% until Sep 1st, 2022, or 2 installments, 50% upfront until Sep 1st, 2022, and 50% until Oct 1st, 2022.

If you can pay 100% upfront, you will be the first to choose your villa from 56 available on a first-come, first-served order.

Your payment will be sent to lawyer's escrow account that will perform KYC and AML on the funds received.

The launch of the VC Village will take place by December, 2022.

The rental income will start when we purchase the village from the current owner.

All the properties will be renovated and refurnished after the purchase. This process will take approximately four weeks per villa.

The Portugal Golden Visa program, also known as the residence permit for investment activity (ARI), is a residency by investment scheme designed for non-EU citizens. Learn more

Investors who purchase a full tile of a single villa will be eligible for Golden Visa.

• Low cost and a very high standard of living in a Mediterranean climate
• Visa-free travel to 186 countries
• Qualify for EU residency with one of the lowest investment thresholds in Europe
• Freedom to live, work and study anywhere in Portugal
• Villa owners can extend a Golden Portuguese visa to one’s family members, including spouse, children, and parents, subject to certain conditions
• After obtaining a Portuguese passport within 5 years, one can live, work, and study anywhere within the European Union.
• Portugal Golden Visa Program brings no tax liability if a person spends less than 183 days in a given year.
• Portugal has a very crypto-friendly regime. Gains from the acquisition and sale of cryptocurrencies are not taxed, though this might change in the future.

6-8 months depends on the Portuguese authorities' queues and processing time.

You are eligible to apply for Portuguese citizenship after 5 years of residency in Portugal. Learn more here

You need to spend 7+ days in Portugal to maintain your Portuguese residency.

The village is a vacation rental resort, and the villas must be rented out daily through a centralized rental system managed by the VC Village Management company. All the rental income from daily rentals is deposited into your account (minus rental cleaning and service fees). You can't rent your villa on the market for the short or long term.

The maintenance cost is around 3000 Euro a year. The property tax is around 800 Euro a year. The fees are deducted from the rental income of each villa.

The village was built in 2014 and was renovated by the current owner.

You can sell your villa to any interested buyer on the market because you will own the villa title. You will need to transfer your residency to another Vacation Rental property that qualifies to maintain your Golden Visa status. Once you receive your Citizenship, you can sell the property without limitations.

If you are resident in Portugal, you will be liable for Portuguese capital gains tax when you sell a property which will also be applied to any worldwide assets. Non-residents are liable for assets only located in Portugal. Capital gains tax in Portugal is charged on selling property or other assets at a rate of 28% for individuals and 25% for companies and non-residents. Residents pay taxes on only 50% of their gains. If you reinvest the proceeds into another main home in Portugal – or anywhere in the EU/EEA that has a tax treaty with Portugal – you will not attract capital gains tax.

Portugal has one of the most favorable tax regimes for foreigners considering relocating to Portugal and becoming tax residents. Through the non-habitual residency (NHR) program, the country offers certain exemptions from income tax for the first 10 years of residence. Learn more

• For 10 years, a person receives special tax treatment on his/her earnings
• Almost all of the foreign income will be tax-free.
• Gifts or inheritances to family members are tax-free.
• There is no wealth tax.

If you spend less than 183 days in a given year:

• No tax liability on foreign income
• No tax liability on Portuguese income

Suppose you spend more than 183 days in a given year. In that case, you can apply to become a Non-Habitual Resident and receive special tax exemptions for 10 years, especially for eligible professions (high added value).
No tax liability on most sources of foreign income if the income source is from a Double Taxation Agreement (DTA) country or a non-DTA country that is not a tax haven.

Tax on Foreign Source Income under NHR:

• Employment Income: Tax-exempt if from an eligible profession, otherwise taxed at 20%.
• Self-Employment Income: Tax-exempt if from an eligible profession and DTA country or country, not a tax haven. If not from a qualified occupation, taxed at a progressive rate or 20%, whichever is less, and subject to social security contributions.
• Royalties and Income From Financial Assets: Tax-exempt if from DTA country or not from a blacklisted tax haven, otherwise taxed at 28% or 35%.
• Real Estate Income and Capital Gains: Tax-exempt if from a DTA country or not from a blacklisted tax haven.
• Pension Income: Taxed at 10% (since March 2020)

• Employment Income: If from an eligible profession, taxed at 20% or progressive rate, whichever is less, otherwise taxed at a standard progressive rate.
• Self-Employment Income: If from an eligible profession, taxed at 20% or progressive rate, whichever is less, otherwise taxed at a standard progressive rate.
• Real Estate Income and Capital Gains: Rental income is taxed at 28% or standard progressive rates. Capital gains are taxed at 50%.
• Pension income:  Taxed at 10%.

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