May I please ask for firsthand experience about Mercan (in relation to the Portugal GV)? I am particularly interest to know whether they have been honoring the buyback guarantee, and if not, what would be the fall back scenario? That would be super helpful, thank you!
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Has anyone recently heard some algarve 280k project investors are facing problem/questioning from SEF regarding the eligibility of their purchase? (eg: not low density, not rehabilitation)
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Some of the opportunities are questionable.
How does a new hotel in Lagos, Algarve qualify for the min. 280k euro commercial investment? It doesn’t appear to be in rehabilitation and location is definitely not low density. I even worked out where the construction site will be - it’s literally just behind the marina de lagos!
The investment is made via debt/Promissory Note - so technically it doesn’t fall under fund or commercial property. I have reasons to believe investor will not meet the GV eligibility requirements. Happy to be proved wrong. Any one here knows how they are bypassing this?
Also, I can’t seem to find a corresponding CMVM number (and needs “FCR” suffix). Does a transfer of deed/part deed takes place at all in the subscription?
Can you share more details on Mercan being a total scam. I have been talking to them and curious about your experience.
Yes I would like to hear more details on your experience with Mercan as talking to them now. You are a year ahead of me so are things going smoothly? What about your residency cards?
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