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  • Funding Your Golden Visa in Portugal with Mercan Group and IAS

    A Trusted Partnership for Your European Gateway

    In today’s dynamic global landscape of investment and immigration, Mercan Group and IAS are forging a pioneering path for investors pursuing residency in Portugal through the Golden Visa (GV) program. This strategic alliance merges Mercan Group’ extensive experience in hospitality investments with IAS’s legal proficiency, presenting an innovative alternative funding avenue that makes European residency more attainable than ever before.

    Mercan Group: A Legacy of Excellence and Innovation

    Established in Canada in 1989, Mercan Group has emerged as a leader in consultancy, education, and immigration through investment. With over three decades of expertise, Mercan Group has chosen Portugal as its European headquarters since 2015, drawn by the nation’s security, stability, and vibrant prospects in urban revitalization for tourism.

    Mercan’s dedication to Portugal is palpable through its €1.2 billion investment across 31 hospitality projects nationwide. These initiatives not only stimulate economic growth and job creation but also significantly bolster the tourism sector, perfectly aligning with the objectives of the Golden Visa program.

    Golden Visa Program: Your Gateway to European Residency

    The Portuguese Golden Visa program remains a premier choice for international investors seeking residency within the European Union. Despite recent legislative adjustments that have refined the program, it continues to offer compelling opportunities, particularly through investment funds.

    To qualify for the Golden Visa, investors must meet three essential criteria:

    • Spend a minimum of seven days annually in Portugal.
    • Maintain a clean criminal record.
    • Fulfill the required investment, starting from €250,000 for donations and €500,000 for investment funds.

    The Portuguese passport extends numerous advantages, including visa-free access to over 185 countries, facilitating global mobility. It grants rights to reside, work, and study in any of the 27 European Union nations, offering diverse avenues for personal and professional advancement. Moreover, it provides access to Portugal’s renowned healthcare and education systems, celebrated for their excellence and affordability. Additionally, Portuguese citizenship can be passed down to family members, ensuring future generations enjoy these privileges. Expatriates benefit from favorable tax conditions, notably the Non-Habitual Resident (NHR) regime, offering substantial tax incentives for the initial decade of residency. Portugal’s political and economic stability, safety, and high living standards further enhance its appeal.

    Furthermore, the transition to the new Immigration and Borders Service (AIMA) promises streamlined application processing. AIMA’s expansion of its workforce and collaboration with legal experts underscore its commitment to efficiency and accessibility.

    Introducing the Mercan Fund: A Pathway to Investment

    The Mercan Fund represents a tailored private equity investment vehicle crafted to align seamlessly with the Portuguese Golden Visa program. Focused on low-risk opportunities within Portugal’s hospitality sector, this fund offers investors a diversified portfolio comprising hotel projects. With a minimum investment of €500,000, the Mercan Fund not only ensures stable returns but also features a buyback option for added security, making it an astute choice for discerning investors.

    Innovative Funding Solutions: Leveraging Retirement Funds for Your Golden Visa

    In partnership with IAS, Mercan Group proudly introduces an innovative solution for US investors: leveraging retirement funds, such as IRAs and 401(k)s, to finance their Golden Visa investment. This pioneering approach diversifies investors’ portfolios and provides a tax-efficient pathway to residency within the European Union.

    By utilizing retirement funds, investors secure Portuguese residency without disrupting their savings strategy, ensuring both financial growth and personal security. This method opens new avenues for US investors to capitalize on Portugal’s favorable conditions and the manifold benefits of the Golden Visa program.

    The collaboration between Mercan Group and IAS represents a significant advancement in the Golden Visa landscape. By offering innovative funding solutions and leveraging their combined expertise, they provide a streamlined, secure, and efficient pathway to European residency.

    Don’t miss this opportunity to diversify your investment portfolio and secure a foothold in Europe. Take the next step in your Portuguese residency journey today with Mercan and IAS and unlock the myriad benefits of the Golden Visa program.

    Contact Us

    For more information, please visit our websites or contact our expert team today. Your European dream is within reach—let us help you make it a reality!

  • Golden Visa 2024: where to get the best one

    For those with enough money, purchasing residency in another country becomes possible. Several countries offer “golden visas,” and some even provide full citizenship through “golden passports.” The cost varies significantly; some visas cater exclusively to the wealthy, while others come at more affordable rates.

    What’s a golden visa?

    Often called a “residence by investment program,” a golden visa allows individuals to obtain temporary or permanent residency in a country, enabling them to live and work there. In some cases, buyers don’t even need to reside full-time in the country, making these visas a practical backup plan for those who want the option of traveling to these places without the intention of permanent relocation.

    Are golden visas new? Why are they popular?

    Some programs have existed for decades, providing a way for governments to raise funds and encourage foreign investment. For example, during the European debt crisis, golden visas gained popularity as several countries began selling residency to attract foreign money and address budget deficits. Countries like Portugal, Ireland, Greece, and Hungary adopted these programs after receiving bailouts from the European Union and International Monetary Fund.

    For instance, Portugal started offering golden visas in 2012 to non-EU nationals willing to invest at least €500,000 ($537,000) in property, a fund, or a company that creates jobs. Later, they reduced the property investment requirement to €350,000. In 2013, Greece, Spain, and Hungary launched their own golden visa programs, offering residence permits in exchange for real estate investments. These programs also grant the right to travel freely across many EU countries.

    How hard is it to get a golden visa now?

    While in Portugal, purchasing residential real estate no longer qualifies for a golden visa, some options remain. Investors can still qualify by investing in a qualified investment fund worth at least €500,000, participating in scientific research activities, or investing in the share capital of a company that creates five jobs or maintains ten jobs.

    Additionally, in March, Greece announced plans to increase the minimum investment amount for foreign property buyers to secure a golden visa to €400,000, thus remaining an option for those who can meet the higher threshold.

    Meanwhile, the cost of obtaining citizenship-by-investment is rising in the Caribbean, where such programs constitute more than half the national revenue for some small island nations. Some Caribbean passports allow visa-free travel to the UK and EU through bilateral agreements, which raises concerns among European regulators that these schemes might serve as a gateway for criminals. Consequently, European governments are pressuring Caribbean nations to restrict these programs.

  • Mercan Hotels Nominated for the 2024 Publituris Travel Awards

    We are excited to announce that Mercan Hotels has received prestigious nominations for the Publituris Travel Awards 2024!

    The Renaissance Porto Lapa Hotel competes for ‘Best City Hotel’.  The Arts Hotel Porto, Tapestry Collection by Hilton, runs for ‘Best 4-Star Hotel’. At the same time,  the Hilton Garden Inn Évora also vies for ‘Best City Hotel.’

    These nominations, part of 22 award categories starting May 27th, reflect our relentless pursuit of excellence and dedication to creating memorable experiences for our guests. This recognition underscores our commitment to excellence and highlights our dedication to providing outstanding city experiences.

  • Mercan Group Shines at Spear’s 500 Event

    Mercan Group joins the prestigious Spear’s 500, an event that has become a must-attend for the ultra-high-net-worth (UHNW) community.
     
    Spear’s is a multi-award-winning global wealth, business, and culture media brand, known for its insightful magazine that caters to UHNW individuals. Spear’s 500 events, particularly the one held in London, attract high-net-worth individuals and industry leaders from around the world to explore elite investment opportunities. These events are celebrated for their exclusive atmosphere, unparalleled networking opportunities, and deep insights into the latest trends in wealth management and investment.
     
    At this year’s Spear’s 500 event in London, Mercan Group participated as a key player, further enhancing the event’s prestige. The event brought together HNW individuals and industry leaders to discuss top-tier investment opportunities, focusing on the latest trends in global wealth management.
     
    Mercan Group used this platform to reaffirm its status as a leader in global investment and development within Portugal’s hospitality sector through its investment funds. The event featured stops in key financial hubs, offering in-depth insights into their investment and management practices. Financial advisers and service providers from various interrelated fields gathered, providing private client professionals with a comprehensive overview of current focus areas for UHNWIs.
     
    Panel discussions at the event were particularly insightful, addressing the main concerns and interests of UHNWIs. Since its launch in 2006, Spear’s has established itself as Europe’s leading authority on wealth management and a respected voice on arts, business, and lifestyle. By using events, awards, and research-based products and services, Spear’s connects financial and luxury brands with an exclusive audience. Mercan Group’s participation in this event underscores its influence and commitment to leading the investment and hospitality sectors in Portugal.

  •  Celebrating 35 Years of Global Excellence with Mercan Group! 

    2024 marks a monumental milestone for Mercan Group as we proudly celebrate 35 years of dedicated service and global impact!
     
    Since our humble beginnings in Montreal, Canada, over three decades ago, Mercan Group has expanded its reach far and wide, establishing a formidable presence in over 30 countries across the globe. From Canada to Portugal, the Philippines to China, Vietnam to the United Arab Emirates, and beyond, our journey has been remarkable.
     
    Over the years, Mercan Group has been at the forefront of facilitating investments, recruitment, and immigration services, helping individuals and families achieve their dreams of international mobility and prosperity.
     
    Until now, Mercan Group has helped more than 60,000 individuals of various origins settle worldwide. We’ve helped over 20,000 foreign workers come to Canada, the USA, the Middle East, and the Caribbean Islands.

     

     Some of our flagship projects include the prestigious Portugal Golden Visa Program, the Canadian Start-Up Visa Program, and our new Nanny and Caregiver Program. Additionally, we’ll be launching the Greece Golden Visa very soon!

     

    These initiatives, alongside various Canadian immigration programs, stand as a testament to our unwavering dedication to fostering growth, diversity, and opportunity on a global scale.

     
    As we reflect on our journey thus far, we extend our heartfelt gratitude to our loyal followers, esteemed clients, and dedicated team members who have been instrumental in our success.
     
    Your trust and support fuel our drive to soar higher, and we pledge to deliver even more exceptional services in the future. Our steadfast dedication to excellence and integrity remains resolute as we serve our cherished clients and partners with unwavering dedication and fervor.
     
    Here’s to 35 years of excellence, innovation, and global impact with Mercan Group!
     
    The journey continues, and we are excited about the future. Stay tuned for more exciting updates and announcements as we embark on the next chapter of our remarkable journey！
     

  • Congratulations to the Renaissance Porto Lapa Hotel on its first anniversary!

    April marked several anniversaries for Mercan Portugal, and today we commemorate the inaugural year of operations at the Renaissance Porto Lapa Hotel.

    Situated in the heart of Porto, the Renaissance Porto Lapa Hotel stands as a beacon of sustainability and innovative design, marking its first anniversary. As a proud addition to Mercan Portugal’s portfolio, this project has revitalized a previously neglected area into a remarkable hotel, paving the way for the city’s inaugural green park in the city center.

    This milestone underscores our commitment to blending upscale hospitality with environmental stewardship. However, the Renaissance Porto Lapa surpasses mere standards. It serves as a hallmark of contemporary design and opulent living, enriching the guest experience in Porto’s vibrant Lapa neighborhood, while also setting new benchmarks for eco-conscious urban living. The forthcoming green park adjacent to the hotel will further contribute to biodiversity, enhancing the city’s allure and ambiance.

    As we celebrate this milestone, we reaffirm our dedication to nurturing Porto’s hospitality sector and economic prosperity, and our unwavering commitment to sustainable, eco-friendly tourism, ensuring a future where both flourish harmoniously.

    We express our sincere gratitude to our esteemed guests, dedicated team members, and the Porto community for embracing the Renaissance Porto Lapa Hotel with open arms!

  • Mercan Group’s €13M Investment Boosts Algarve Presence

    Mercan Group is strengthening its investment in the Algarve region by acquiring the Hotel Califórnia Urban Beach, situated at Praia dos Pescadores in Albufeira. Under the management of AHM – Ace Hospitality Management, a company within the Mercan Group responsible for managing and developing hotel assets since April, this acquisition bolsters the group’s presence in the area.

    This investment, exceeding 13 million euros, encompasses the refurbishment of the property and has led to the creation of 31 jobs at the Hotel California. It underscores the group’s confidence in the hotel potential within the Algarve region, where it already has various projects in progress, including Hotel Indigo Faro Ribeirinha, Lagos Marina Hotel – Curio Collection by Hilton, Hilton Garden Inn Lagos, Marriott Lagos, and the upcoming Hard Rock Hotel Algarve in Portimão, scheduled to open in 2026.

    While the purchase of Hotel California Urban Beach by the Mercan Group was finalized by the end of 2023, the transition period has now concluded, officially placing the management of the Praia dos Pescadores hotel under the Mercan Group.

    Situated in the charming center of Albufeira, a short stroll from Albufeira Marina, Hotel California Urban Beach enjoys its scenic surroundings. Guests can relish the lively ambiance of Praia dos Pescadores from typical balconies facing the city.

    From the outdoor pool with views of Albufeira to the heated indoor spa offering water circuits, massage, and beauty treatments, guests at Hotel California Urban Beach have access to a diverse range of amenities, ensuring a relaxing stay in the Algarve.

  • Portugal offers the best Golden Visas worldwide in 2024

    Portugal remains at the top of the global rankings for residence-by-investment programs, despite the introduction of new limitations.

    The picturesque country offers a blend of affordability and high-quality living, alongside seamless access to other European nations and a straightforward pathway to EU citizenship, as highlighted by a recent index from consultancy Henley & Partners. Austria and Greece share the second spot in this ranking.

    Despite ongoing discussions about the future of residence-by-investment programs, which grant foreign investors permanent residency through initial investments, golden visas continue to thrive.

    European countries are prominently featured in the index due to their favorable citizenship acquisition processes, visa-free travel within the EU, and opportunities for business setup or residence at a low cost.

    While golden visas face criticism over potentially inflating real estate markets, countries like Portugal and Greece have taken steps to regulate their availability. Portugal, in particular, has responded to housing challenges by reviewing expat tax incentives. Despite these adjustments, Portugal remains an attractive option for foreign investors.

    Other nations, including the United Arab Emirates and Hungary, have also introduced their own residence-by-investment initiatives.

    According to Henley & Partners, a record number of high-net-worth individuals are expected to relocate globally in 2024, with Americans leading the pack in golden visa applications through consultancy services both last year and this year.

  • Can IRA or 401K Investments Qualify for Portugal Golden Visa?

    For US-based clients contemplating residency in Portugal, the golden visa still emerges as a highly attractive avenue. Portugal Golden Visa presents minimal residency prerequisites, requiring permit holders to spend an average of seven days annually in Portugal to uphold residency status. Such flexibility is particularly advantageous for those engaged in professional activities or who are not yet prepared for a complete relocation to Portugal.

    With an investment of 500,000 euros, investors can delve into hospitality management while also paving their way to residency and potentially citizenship in Portugal.

    One notable aspect of this opportunity is the flexibility it offers in terms of funding.

    Investors can utilize funds from their Individual Retirement Accounts (IRAs) and solo 401 (k) to fuel their investment endeavors. By leveraging IRAs and 401 (k) in this manner, investors not only diversify their retirement portfolios but also open doors to international residency and citizenship program.

    Based on this scheme, if Stuart invests in the Golden Visa with his IRA funds, he will save 593 365$.

    *Please note that each case is different and the client should contact always an attorney to check all the details.

    While IRAs/401(k) offer tax advantages, premature withdrawals come with hefty penalties and tax implications that could jeopardize long-term financial plans.

    In contrast, Portugal’s Golden Visa program presents a compelling alternative, especially for those eyeing European residency and citizenship.

    Through investment funds, individuals can embark on a journey towards Portuguese residency, with the enticing prospect of eventual citizenship.

    When evaluating retirement investment options, it’s imperative to consider not only potential financial gains but also the associated tax consequences and supplementary benefits. While IRAs/401 (k) provide tax benefits, investors must tread carefully to avoid penalties. In contrast, Portugal’s Golden Visa program offers a pathway to residency and citizenship without tax penalties, alongside promising investment opportunities.

    In summary, Portugal’s Golden Visa program stands as a beacon for investors seeking both financial security and international mobility. By strategically leveraging investment funds, individuals can secure their retirement while simultaneously paving the way for an exciting new chapter in Portugal.

    Contact our team to embark on your journey towards financial security, international residency, and the possibility of European citizenship

  • Internationally Recognized: Renaissance Porto Lapa Hotel Stands Out for Easter Break

    Discover Porto and its timeless allure, with the Renaissance Porto Lapa Hotel as your exquisite sanctuary. Perched gracefully atop the scenic Lapa hill, this Mercan Group gem offers 163 opulent rooms and suites, each enveloping guests in luxury and comfort, while providing sweeping vistas of the city below.

    Selecting the perfect destination for Easter can be a daunting task, especially with the anticipation of numerous new hotel openings. However, according to Harper’s Bazaar Spain, the Renaissance Porto Lapa Hotel in Porto emerges as a standout choice, epitomizing sophistication and indulgence.

    Indulge your palate at the Renaissance Porto Lapa Hotel’s array of culinary offerings, featuring a gastronomic restaurant adorned with cocktails and live music, as well as the enchanting rooftop Sky Bar boasting panoramic city views. This hotel not only promises lavish accommodations but also delivers an unparalleled dining experience, ensuring an Easter retreat like no other.

    Highlighted among the premier destinations for Easter 2024 by Harper’s Bazaar Spain, the Renaissance Porto Lapa Hotel garners praise for its exceptional service, prime location, and enticing dining venues. Whether you’re seeking a brief respite or an extended sojourn, this hotel guarantees an unforgettable Easter escape in the heart of Porto.