The country has been getting some good
buzz as a place to settle down, or to put down roots for a personal getaway - a
home away from home. At least that's what Cutshall told us as we sat down with
her to talk about her decision to make a second home in Portugal, for herself,
her family, and her investors
Why Portugal? There are many reasons, and
the world has begun to notice. For example:
● World’s Leading
Destination 2019 & Europe's Leading
Destination 2020
● 4th in the world for
Quality of Life
● In 2022, 85% of
expats say they are happy in Portugal, compared to 71% globally
●
Lisbon ranks 1st in
the Cultural Vibrancy Index of 34 cities in Europe in 2022
One of
the main reasons so many individuals and families choose Portugal is the Golden
Visa that it offers foreign investors. In addition, it’s easy to make the
transition with the support of innovative services, like moviinn, who provide help every step of the way.
Cutshall
is a great example of the type of individual who decided to make the jump. She
is the founder and managing partner of Amara Capital, an Atlanta, US-based
company dedicated to providing real estate investment opportunities in the
hospitality, hotel and multi-family arena for investors throughout the US and
Europe. Amara Capital is an ESG platform that seeks out real estate deals for
high net-worth investors, including women and minorities who have traditionally
been left out of great deals, investments, and wealth creation.
Her investors depend on her ability to
choose each deal with care and patience. Within a day of being in Portugal, she
knew it was a place she could possibly embrace both personally and
professionally. “I can’t support investing anywhere, unless I have done
extensive research and due diligence. That is a basic requirement, for myself
and my investors.”
After several years studying Portugal,
the markets, and building professional relationships, Cutshall recently formed
a women owned new venture with partners called Safra Gratificante, based in
Lisbon. The new endeavor pulls from Cutshall’s vast hospitality and
multi-family real estate and operations experience focusing on originating,
acquiring, and renovating properties for new Golden Visa projects in Portugal.
Cutshall is now underway with her first deal and was fully supported within one
week of reaching out to several of Amara Capital’s US investors. “In fact, I
have chosen moviinn as a strategic partner for my
Golden Visa investors,” she adds. “James Muscat and his team have deep
experience with assisting clients with the Golden Visa process and will be the
perfect strategic partner for our pipeline of Golden Visa projects’ investors.”
When asked why she chose Portugal,
Cutshall explains, “Portugal checked so many of the boxes for my clients.” She
sees Portugal as a gateway country, for access anywhere in the EU, and just a
5-hour time difference from the East Coast of the States. But, she is also
impressed with how economically progressive Portugal is, she explained, “They
are ahead of the pack in investing in infrastructure, and high-speed,
dependable internet is everywhere.”
Cutshall sees the country working towards a robust and vibrant economy that draws in and supports business opportunities. “They encourage diversity and embrace and value individualism. It is a value that I want to support through my business.” Cutshall feels that the community is welcoming to foreigners and inclusive. She decided that it was the perfect place to invest, and to settle in herself.
“At this stage in my life, I was looking
for a part-time country to have a lifestyle that is transatlantic. My partner
is German; he and I came into the relationship each with grown children of our
own. We have a large, extended family,
and businesses, so this approach allows us a way to split our time between the
US and the EU.” she explained. “We can also develop a new or second community
of friends and relationships, business and personal, that feels authentic, not
just a vacation experience. Through dual citizenship, I can have deeper,
stronger and wider roots, because I see myself as a citizen there, as well.”
She adds, “Now I feel woven into the
tapestry here. My heritage as a US citizen is very important to me, I would
never trade that. Honestly, I wouldn’t
have thought of Portugal if I hadn’t kept on hearing about the Golden Visa
program that it offers foreign investors. I also had the opportunity to enlist
the help of the great people at moviinn with seasoned
experience with the process.”
The Portuguese Golden Visa is a path to
citizenship by investment in the country. It’s a win-win for both the
investors, who can gain many of the privileges of citizenship, as well as the
country, which has seen an influx of young and middle-aged investors putting
their money into a myriad of small and large compelling real estate projects.
Those who are granted the Portuguese
Golden Visa are free to live, work or study in Portugal and, through its
participation in the EU, they have easy access to all of Europe but also have
the flexibility to go back and forth to the US freely with minimal stay
requirements. After just five years in the Golden Visa program, holders are
able to then apply for Portuguese citizenship.
“The Golden Visa was the gateway that encouraged me to come. Some discover Portugal first, but for me, the dual citizenship and its flexibility drew me.” Cutshall explained. “The progressiveness of Portugal, its amazing natural beauty, the beaches, the culture, but most of all, the people of Portugal, who were so welcoming, friendly and held their arms open for me and my family, all that convinced me this is a country my investors would enjoy too.”
“James Muscat, CEO and Founder at moviinn, at a clients turned friends
wedding.”
But, the promise of a second home did not
come as easily as Cutshall imagined. “It is not an intuitive process, and the language
barrier can be really intimidating,” she said. Cutshall enlisted the services
of moviinn to help her during the process.
“There has been a backlog after the
Golden Visa opened up opportunities here.” Cutshall explained. “It’s not
simple. I never would have been able to do it on my own, no way.” She explained
that moviinn was like having a seeing eye dog
by her side, protecting her as well as showing her the smart and efficient way
forward. “There was a lot of hand-holding. It takes months and moviinn is guiding me step-by-step, through the process.”
She continued, “The team is helping me so much, and the last two steps in my
process are coming soon.”
Moving to a new country, and having a
second home, can seem like a fantasy to many. But how to begin? There is so
much to understand and the reality of it all can be intimidating. Too many,
then, keep their dream of living in Portugal under wraps. They settle for
short-term vacations, where they sit on a hotel balcony with a glass of wine,
overlooking a beautiful city square, and imagine what a life would be like if
they could have a home there.
Making clients’ dreams become a reality
is a motto of moviinn, a relocation and integration
service for Expats looking to relocate to Portugal. They have helped more than
1,000 people and businesses settle in. They’ve also helped draft legislation
aimed at making the process easier for immigrants.
At moviinn there’s an
understanding of the value of true integration, not just relocation. “The
beauty of Portugal is found in living here like a local, not just walling
yourself off in some Expat community,” explained James Muscat, CEO and Founder
at moviinn. His team assists new residents
with all sorts of details, such as, and amongst other matters, getting the
Golden Visa, a residency or work permit, a bank account, enrolling children in
schools, understanding the tax system and the vastly subsidized healthcare
system and registering an address to receive mail. “The devil is in the
details!” he adds.
As a progressive and multicultural
company, moviinn prides itself in reflecting
those same values that Portugal is famous for. Coupled with that organizational
culture, moviinn can offer the most sensitive and
responsive help for complicated issues. James explains, for example, that “we
have lawyers to make sure you have the right type of visa and residency for
your professional background, tax advisors, and real estate specialists to help
you find temporary or permanent housing. We also have business and investment
specialists who can help you with full-fledged business incorporation services,
or just land you a dream job if that is your goal.”
Helping expats gain access to their
beautiful country is a goal that Portugal is fulfilling through their Golden
Visa program and companies like moviinn are there to smooth
the way. Together, they are making dreams become a reality.
ESC…não!
By J Figueiredo from USA on 29 Jul 2022, 12:29
Correction please: ESG não!
By J Figueiredo from USA on 31 Jul 2022, 16:34
I have traveled in Portugal fro 30 years and lived in Lisbon since 2015. I love the city BUT I don't find it particularly "Cultural" compared to a lot of my other European favorite cities...
When I checked the Cultural and Creative Cities Monitor by EU you are referring to it turns out that Lisbon is topping in th XL Category (population 500.000 - 1.000.000) consisting of similar cultural provincial citis like, Dublin, Copenhagen (my home city) and Amsterdam and
We - (my self and the International Local crowed here in Graca) - find it quiet entertaining to read. But its misleading...
The biggest advantage - (besides the weather, nature etc) is the proximity to the airport where you can reach London, Berlin, Paris, Berlin and similar cultural vibrant cities in no time
By Thomas Bjørn Tingstrup from Lisbon on 17 Aug 2022, 10:29