Bloomith India

Our seasoned team boasts extensive experience and local expertise, encompassing a full spectrum of analysis required for successful investments. Our real estate investment advisory process includes:

1. Asset Research & Selection: We meticulously identify and evaluate suitable real estate investment advisory opportunities tailored to the Company’s objectives.
2. Negotiation Process Support: We ensure that optimal terms our achieved for the transaction at hand 
3. Due Diligence Coordination: We handle the due diligence process efficiently, minimizing risks and streamlining the real estate investment process.
4. Transaction Management: We collaborate with lawyers, tenants, brokers, architects, financial institutions, and public entities, ensuring a seamless transaction.
5. Project Management: From inception to completion, we oversee all project aspects, ensuring that the investment realizes its full potential. The project management process is seamless
6. Exit Strategy: We devise a sound exit strategy, ensuring a profitable culmination to the investment venture.

Bloomith is a leading real estate investment and development company. The company focusses on asset classes such as residential, hospitality, commercial & other real estate yielding asset classes

With its India office in Mumbai, the firm has professionals with global experience in banking, real estate development & real estate asset management

Bloomith’s approach involves the following strategies:

• Acquisition of distressed, operating real estate properties or distressed debt of operating properties
• Acquisition of greenfield & brownfield / under construction  properties

Post acquisition, Bloomith enables value creation through the following:

• Completes the balance development of the project including design, construction, entitlements and pre opening
• Brands the asset with global operators and / or tenants
• Asset manages the property through a hands on operations driven focus to maximize the asset’s performance

Post value creation, Bloomith actively explores exit opportunities

Bloomith is a prominent player in the Portuguese real estate market.  

It is an investor and developer that focusses on the residential space but also looks at other asset classes such as hospitality, hotels, commercial, industrial and others.

One of the services that Bloomith provides includes that of being a Real Estate Project Consultant dedicated to curating, facilitating, and overseeing lucrative investment prospects within the real estate sector. Furthermore, Bloomith actively engage as Equity partners in specific pool-funded projects

Our seasoned team boasts extensive experience and local expertise, encompassing a full spectrum of services required for successful investments in Portugal. Our offerings include:

1. Asset Research & Selection: We meticulously identify and evaluate suitable investment opportunities tailored to your objectives.
2. Negotiation Process Support: Our experts provide invaluable assistance throughout the negotiation phase, ensuring optimal terms for your investment.
3. Due Diligence Coordination: We handle the due diligence process efficiently, minimizing risks and streamlining the investment process.
4. Transaction Management: We act as a central liaison, collaborating with lawyers, tenants, brokers, architects, financial institutions, and public entities, ensuring a seamless transaction.
5. Project Management: From inception to completion, we oversee all project aspects, ensuring your investment realizes its full potential.
6. Exit Strategy: We work with you to devise a sound exit strategy, ensuring a profitable culmination to your investment venture.

Bloomith works as a one stop shop real estate project consultant. Our comprehensive services are designed to make your real estate investment journey in Portugal a resounding success.

At Bloomith, we offer a diverse range of investment strategies tailored to meet your unique preferences and risk tolerance. Our supported investment strategies include:

1. CORE Strategy: Targeting an IRR of 5-10% with a focus on income and prime assets.
2. CORE + Strategy: Aiming for a 10-15% IRR, balancing income and appreciation, often involving repositioning.
3. VALUE-ADD Strategy: Targeting a 15-20% IRR, with a focus on both income and appreciation, often through rehabilitation.
4. OPPORTUNISTIC Strategy: Aiming for an IRR exceeding 20%, primarily emphasizing capital appreciation and including distressed assets and greenfield developments.

We work closely with you to align your investment goals with the most suitable strategy, ensuring your portfolio reflects your financial objectives. Our range of strategies makes us one of the leading real estate consulting companies in Portugal

While Bloomith does not directly provide financing for investment opportunities, we offer invaluable assistance to investors during the financing process by connecting them with local banks and facilitating the necessary financial arrangements. Our aim is to ensure that investors have access to the essential financial resources and guidance needed to pursue their chosen investment opportunities effectively.

Other than real estate development and investments, Bloomith’s service verticals include services such as real estate investment advisory, buyer’s agent services, advisory services, feasibility reports, fit-out consultancy, refurbishment consultancy, interior designing, interior fit-outs, interior decorations, identifying operators & brands for hotels, restaurants, etc. Bloomith also provides project management services to help complete real estate projects.

Bloomith is one of the top residential property consultants in Portugal and also considered by some to be the best real estate consultancy in Portugal

As per the latest updates, the original Golden Visa Program which had gained popularity is no more active in its original form. Earlier, an investor could invest between Euro 280,000 to Euro 500,00 into a real estate asset in Portugal and subsequently get the golden visa which would give them residency rights and a path to citizenship in Portugal. Though the golden visa is still available in different forms, it is not the preferred route for real estate investment anymore. 

Bloomith can help you explore other residence visas such as the entrepreneurship visa, passive income visa, etc. Bloomith is not a legal firm and is strictly only engaged in real estate activities, however, it can guide you on residence routes available based on its experience 

Yes, Bloomith does provide third party project management services.  Bloomith is a real estate project consultant and can help developers and individuals in managing their projects and renovations whether its renovating their apartments and houses or whether its a Greenfield development of a house, villa, apartment or any other asset classes such as hotel, restaurant, shop or warehouse.

Bloomith is not a legal form or an accounting or finance practice. However, Bloomith can connect you with the legal firms, accounting & finance firms and other associate partners that Bloomith collaborates with.

Our partners can assist you with applying for a NIF number (Portuguese tax number), with formation of a company in Portugal, applying for a VAT number, applying for Social Security as well as opening of a bank account in Portugal ie both a personal bank account or a Company bank account

Yes, foreigners can easily invest in real estate in Portugal. Individuals need to first apply for a tax number also called a NIF number and post that they can purchase a property in Portugal. Foreigners can also incorporate a company in Portugal and purchase real estate in the company. They would need to apply for a tax number or NIF for the company followed by a bank account for the company.

Non-residents who purchase a property in Portugal must pay a flat rate of 25%. In Portugal, foreign property owners who use their real estate as their permanent residence in the country become tax residents of Portugal and must file taxes in Portugal. This means they are subject to Portugal’s applicable tax regulations and obligations.

Portugal is one of the top markets in the world for real estate investment. The Portuguese real estate market is fast growing due to a number of reasons such as growing immigration especially of high net worth individuals into Portugal. A lot of foreigners have been moving into Portugal from all across the globe including countries such as USA, Canada, United Kingdom, South Africa, Scandinavia, Russia, Ukraine, India, UAE, China, Brazil and other Portuguese speaking countries. People are moving to Portugal for the high quality of life, affordable living, warm moderate weather, year round tourist activities as well as the booming real estate markets. Portugal is also a thriving destination due to the NHR (Non Habitual Resident) Program that has attracted a lot of millionaires from all over the world to make it their primary residence and avail the attractive tax benefits available in the country

The Portuguese real estate market is also growing due to shortage of housing in the country. As such any new real estate development gets absorbed by the local population due to lack of housing supply in the country. Most locals and foreigners in Portugal are looking to upgrade their houses to bigger houses with more green areas as well as cheaper housing as housing prices are getting unaffordable due to global inflation

There are a number of opportunities in the real estate space in Portugal including the following opportunities:
– fix and flip business, where one can buy existing apartments or buildings and then renovate them and finally sell them
– fix and yield where one can buy an existing apartment, villa or building and then renovate it and then put it on rent
– Greenfield development of new villas, housing, offices, hotels, warehouses or industrial parks
– buying of operating hotels or other tourism assets
– land banking in both urban and rural areas of Portugal

Portugal has a special tax program and regime called the Non-Habitual Residents (NHR) program. Under the NHR Program in Portugal, a special tax rate of 20% applicable to employment and self-employment income. 

A tax exemption (with progression) on foreign-source income (e.g. professional income, rental income, capital gains, interest, dividends, as well as other investment income), provided certain conditions are met.

In most cases, capital gains on the sale of securities are taxable at a flat rate of 28%.
A flat tax rate of 10% on pensions from a foreign source, as well as to other payments from pension funds and similar retirement schemes.

An individual who is approved for the NHR scheme can avail the above benefits during a 10-year period starting from the year of their registration as tax resident of Portugal. Post year 10, individuals then become eligible for the normal taxation for Portugal residents without any special benefits