Royal Óbidos Spa & Golf Resort. Frequently asked questions

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2 Destination Silver Coast The Silver Coast (Região Oeste) is a delightful and exquisitely preserved area of Portugal. Blessed with intense sunlight and a gentle climate, the countryside is a fertile green expanse dotted with white villages. The local inhabitants have a long tradition of hospitality, and maintain strong ties to both the land and sea. The development of the Silver Coast has been powered by its proximity to Lisbon and its strategic location, close to other major urban centres. Easy access to Lisbon (45 minutes) and Porto (2.5 hours) International Airports also facilitates connections between the region and the main urban centres in Portugal and Europe. Óbidos is located about 80 km north of Lisbon and just a short drive from Caldas da Rainha and Peniche. Access to the Silver Coast is now rapid and straightforward, via the A8 motorway (Lisboa/Leiria), (A17/A29 connecting to Porto), the A15 motorway (Óbidos/Santarém), and the IP6, A1 and A23 (the latter connecting to Spain). Any trip within the region is now a comfortable and pleasant experience. The Silver Coast encompasses several municipalities including Óbidos, where the Royal Óbidos Golf & Spa Resort is located. Destination Óbidos Once a wedding present to a queen, the medieval town is one of the 7 wonders of Portugal, while strolling through the town one encounters vestiges of different civilizations. From the hidden corners and high walled gardens of the old medina area winding cobbled streets lead to areas where Gothic, Renaissance and Baroque architecture can be found. The town is an extensive work of art which has been carved, destroyed and rebuilt throughout the centuries and is truly one of the jewels of Portugal.

3 Activities in the Region The region is the setting for other resorts also offering top golf courses. There will also be a five star riding centre. There are miles of superb unspoilt beaches, sand dunes, water sports including wind surfing, Kite Surf, body boarding, snorkeling and diving. Nearby Baleal offers one of the best surfing areas whilst the Óbidos lagoon is the home of excellent and safe water sports and bathing with calmer waters for younger children and adults. Excellent restaurants with a vast offer of good and traditional cuisine are also encountered in the area. And let s not forget the offer of great wine! Health services In the village of Obidos there is a medical health care center that is open Monday to Friday from 9am to 12pm and from 2pm to 4:30pm. Also, in the city of Caldas da Rainha which is approximately 8 km (15 min. drive) from Obidos, you ll find the main emergency hospital for the regions district open 24 hours. Education In Obidos you ll find a wide range of educational facilities from pre-school up to Secondary high School, where as Caldas da Rainha offers the same and more, such as, private schools and University. International schools in French, German, English, ect.. are offered in Lisbon, which is only a 50 minute drive from Caldas da Rainha. Banks There are several main banks in Obidos, but Caldas da Rainha being a city, has a wider range of national banks for your convenience of choice.

4 Resort What does the Royal Óbidos Golf & Spa Resort comprise? Evolutee Hotel 39 rooms, Elemental Spa, Kobe Steak & Sushi Restaurant, Conference centre with capacity of up to 315 people, Bars and Pools. A touristic holiday village composed of 587 units: 131 villas 456 apartments, of wich 192 are Hotel Residences Plus a common sports area and 2 playgrounds Golf Course An 18 hole golf course, clubhouse with locker rooms, The Legend Restaurant & Bar, a pro shop and a driving range Others services and equipments Sports Centre composed of tennis courts, padel courts and bowling green and a cafeteria Commercial area Green areas Two children s playgrounds Parkings

5 Evolutee Hotel The Evolutee hotel has 39 rooms, of which 3 are suites, Conference centre, Kobe Steak & Sushi Restaurant, Elemental Spa and Pools. Has a striking outdoor pool situated next to food & beverage facilities as well as an indoor pool in the spa area. The hotel is managed by Royal Óbidos Spa & Golf Resort. The interior is decorated by yoo Studio (the yoo design team its co-founded by Philippe Starck and John Hitchcox and one of Europe s most innovative design-based companies). The Evolutee Hotel has a style genuinely eclectic a mix of everything good. The hotel will be responsible for the management of the 96 Hotel Residences (96 one-bedroom units linked to an additional 96 studios; in total there will be 192 units) The Golf The Royal Óbidos Golf & Spa Resort championship course is designed by golf legend Seve Ballesteros who promises golfers and owners a great and wonderful place here on Portugal s Silver Coast. The course layout spanning 6400m ( yards), represents a true test of golf for players of all levels. What does the property golf membership include? All properties are sold with a golf membership which includes two adults and two junior members Does the golf course have a buggy path? Yes. The course has a pathway from which buggies should not leave. Where is the clubhouse located? The clubhouse, sumptuously appointed with restaurant, spike bar and pro shop, is ideally located and overlooks no fewer than 9 of the 18 holes. It overlooks the driving range and a number of the golf fairways affording fantastic views over the ocean.

6 The Sports Centre What sports facilities will be found at Royal Óbidos Golf & Spa Resort? The resort will have a sports centre comprised of two tennis and two paddle courts, multi use games & sports area as well as a standard bowling green. The facilities will occupy a breathtaking position overlooking the golf course and Óbidos lagoon. Sales Plots and Villas Can I buy a plot or a villa? Yes. We are selling plots with approved plans for a villa. When a villa plot is bought, construction should commence two years after the acquisition. The first villas are are already built. If I buy a plot can I build a house designed by my own architect? The Royal Óbidos Golf & Spa Resort has been approved by the Turismo de Portugal as a Touristic development and therefore all properties must be built according to the project developed by our own architects. When a plot is sold the construction project is attached to the deed and must be built accordingly. Can I change the interior finishes? The interior finishes may be changed but the external appearance of the house must not be altered. Can I choose my own builder or must I build with the developer? The client may build using his own builder but all phases of the construction will be controlled by the developer to ensure that the property is in line with the resort specifications. May I change the landscaping of my plot? No, the landscaping may not be changed. There is a list that states the species that may be planted within the resort.

7 Hotel Residences What is a Hotel Residence? Hotel Residences are ideal for end users and investment, due to its close link with the hotel management. Hotel Residences are 2 bedroom units that can operate independently as a one bedroom and a studio. Are the Hotel Residences furnished? The Hotel Residences will be furnished. The furniture is included in the sales price. Will the Hotel Residences have storage areas? The Hotel Residences have a storage area at the entrance to the unit. Will the Hotel Residences have a car park? Each Hotel Residences will have two underground parking areas immediately under their block.

8 Management of the Tourism Development and the Holiday Village What services does the Royal Óbidos Golf & Spa Resort Touristic resort offer? Full management of your property including its rental and maintenance Main gate reception Conservation and maintenance of infra-structures, facilities and common equipment Removal of garbage Security and surveillance What urban infrastructures are guaranteed by Royal Óbidos Golf & Spa Resort? Roads Street parking Directional, information and touristic signage Gardens and common areas Data network Water for irrigation What will I have to pay towards the condominium? In the case of the Hotel Residences there will be contributions (periodic contributions). One to cover the resort condominium and the others to cover the aldeamento (holiday village) condominium and the resort (conjunto turístico). Villa owners will make contributions to cover for the aldeamento and resort costs. Are dogs allowed on the resort? Yes, as long as they are on a leash, however dogs are not allowed on the golf course. How can we get around the resort and the neighbourhood? A shuttle vehicle will be available to take our residents around the resort and the neighbouring area. Transport outside of the resort will be paid according to services rendered. Will there be a children s playground? There will be two playground areas dedicated to children s games and activities.

9 How will the resort be enclosed? The limits of the resort will be enclosed by netting and mounds of earth planted with shrubs. Will my property be subject to a tourism management and operations agreement? Yes. The legislation requires all properties located in tourism developments to be under a tourism management and operations agreement. This legislation aims to protect owners and safeguard the smooth operation of the resort Can I use my property throughout the year? Yes. Owners can use their property during the period of time they see fit. Can I operate my property individually? No. The properties are solely operated by the management entity to ensure a consistently high level of service throughout the resort Do I have to rent my property No the choice is yours Can my friends use my property? Yes. But you will be losing income by not making sure your property is available to be rented. Developer Who are the developers? MSF TUR.IM ( is a holding company of the MSF Group ( in the areas of Property and Leisure, with a long term commitment to the management of touristic developments.

10 Portugal Tax Exemption - NON-HABITUAL RESIDENTS Non-habitual residents in Portugal are those (1) who are tax resident under Portuguese domestic legislation and (2) have not been taxed as a Portuguese resident in the five years prior to taking up residency in Portugal. This regime targets foreign sourced passive income (interest, dividends, capital gains, income from property and pensions) and active income (employment income, income from services rendered and royalties) derived both from foreign and domestic sources. In both cases, under certain conditions, such income will be tax exempt in Portugal. Under this regime effective taxation at source is only required for employment income. This regime is applicable for a ten-year period. Golden Visa OBTAINING A EU / SCHENGEN PASSPORT RESIDENCE PERMIT IN PORTUGAL FOR INVESTMENT ACTIVITY WHO CAN APPLY? Third State citizens involved in an investment activity, either individually or through a company, leading to the acquisition of properties with a value equal to or above 500 thousand Euros. REQUIREMENTS RELATED WITH THE ACQUISITION OF PROPERTIES: Proof of ownership: Public deed or promissory purchase agreement of the property, including a declaration issued by a financial institution authorized to operate in Portugal stating the effective transfer of funds for the acquisition or down payment, amounting to at least 500 thousand Euros, and An up-to-date certificate issued by the Registo Predial (Property Registry), demonstrating the registry on behalf of the foreign buyer, even in the case of a promissory purchase, whenever legally possible.

11 OTHER REQUIREMENTS UNDER GENERAL LAW: Applicants must not have been convicted of a crime punishable with deprivation of liberty exceeding one year; Applicants must not be subject of an entry ban in Portuguese territory following a removal order from the country; Applicants must not be subject of alerts in the Schengen Information System; Applicants must not be subject of alerts from SEF (Portuguese Emigration Authority) s Information Integrated System issued for purposes of non-admission; FAMILY REUNIFICATION The holders of Golden Residence Permit for Investment Activity may apply for family reunification under the provisions of the General Law. PERIODS OF PERMANENCE Investors may be required to demonstrate that they have fulfilled the following minimum periods of permanence: 7 days, followed or interpolated, in the first year; 14 days, followed or interpolated, in the subsequent two year periods. In Summary, this regime allows foreign investors to require an Authorization of Residence for Activity of Investment in Portugal. The holders of this Authorization of Residence have the right to familiar reunification, access to an authorization of permanent residence, as well as Portuguese nationality, and consequently, to have a Portuguese passport ( European Union/Schengen ).