THE APARTHOTEL, an Optimised Floor Plan for Long-Term Investments

V G www.terresens.com SUMMARY

4-5 Why did Terrésens choose to invest in Portugal? 6-7 Getting there and away 8-9 Lisbon 10-11 An ideal location 12-13 Comporta 14-15 Carvalhal 16-17 La Réserve 18-19 Mass lay-out 20-21 Common areas 22-27 Aparthotel 28-31 The fishing village 22-37 Luxury villas LA RÉSERVE 38-39 Atmosphere, decor, landscape Sales Office 40-41 Purchasing packages Traffic circle in the entrance of the village of Carvalhal 42-43 Terrésens holidays in Portugal 44-45 Tax system in Portugal +351 918 999 908 46-47 360° comprehensive expertise in leisure property

www.reservecomporta.com [email protected]

Comporta

Av.18 de Dezembro

N 261 R.de Alto de Pina

R.Direita Beaches

Grândola WHY DID TERRÉSENS CHOOSE TO INVEST IN PORTUGAL?

The Terrésens group choose this location because three key indicators pointed to an attractive context: DISCUSSION IN THE PRESS

y VERY STRONG ECONOMIC GROWTH y ATTRACTIVE PROPERTY y BOOMING TOURISM SECTOR PRICES

y Over 20,000 VISITORS - retired investors and entrepreneurs - are expected in 2017 (compared with 17,255 in 2016). Source: Figaro

y The number of French people moving to Portugal has increased fivefold in four years and there are now 50,000 FRENCH RESIDENTS in Portugal. Source: Figaro

y Lisbon is currently 2.5 TIMES CHEAPER than Paris. Source: Capitale

y TOURIST VISITS HAVE REACHED RECORD LEVELS in Portugal, with 11.4 million foreign tourists coming to the country to discover its many delights in 2016, a rise of 12.7% from 2015 figures. Source: AFP - February 2017

The winters are soft with dry and hot summers A special tax regime for the not usual residents. A purchasing power approximately 30 % upper to France. Lisbon at half past two of plane of Paris. A member democratic parliamentary system of the EEC. ARTICLES IN THE PRESS PROMOTING PORTUGAL! Lisbon better destination 2010 2011. One of the best destinations tourist of Europe. A big part of the population speaks the y Challenges in 2014: Property: should you really invest in Portugal? foreign languages. With a booming housing market, advantageous tax system and an excellent rate of return, Portugal is highly attractive to property investors.

y Boursier.com May 2017: Property: Portugal is on a roll

y Les Echos in May 2017: Portugal recorded annual growth of 2.8% for the first trimester, the highest THESE INDICATORS SHOW THAT INVESTING IN PORTUGAL IS LIKELY TO BE

figure in over 10 years. The country’s many assets are attracting new investors - after years of reforms È PROFITABLE Portugal is now asserting itself as a safe and competitive location.

4 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 5 GETTING THERE AND AWAY

4 61 1 15 11

92 regular flights with 61 from Europe

CARVALHAL

LISBON Comporta

AIRPORT HUMBERTO DELGADO IN LISBON

This airport, also known as Lisbon Portela airport, is the main international gateway into Portugal. It is one of the largest airports in Southern Europe, has two main runways and is constantly developing.

• 20.1 million passengers • 495 hectares • 72 shops • 34 airlines • 36 bar-restaurant • 92 regular flights • 5 parkings • 61 European flights • 2 long term car park • car rental companies LISBONNE CARRASQUEIRA COMPORTA

6 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 7 Lisbon - the 2nd most attractive city in Europe - just 1 hour from “LA RÉSERVE”

The various districts in Lisboa (to give the city its Portuguese name) are distinct, yet unfold coherently, one after another.

Lisbon harmoniously transcends the ages with particular charm, from the very recent Vasco de Gama tower to the famous Belém tower. The City of Seven Hills, as it is often called, has unusual topography that makes for many viewpoints offering vistas of the whole city. The delightful atmosphere of the magnificent city, famed for its many beautiful cobbled lanes, makes exploring it on foot - alone, with a companion, with friends, or with the family - a truly idyllic experience.

GASTRONOMY SHOPS

• 6 million tourists • 2 million French visitors came to Portugal in 2015, a 20% annual increase • In 2014, foreign tourists spent a record 9.6 billion Euros in Portugal • 31 million overnight stays by foreign visitors in 2014 • 15,1 million foreign visitors to Portugal in 2014

BELÉM TOWER AN IDEAL LOCATION

LISBONNE

GETTING THERE AND AWAY SETUBAL H y From the airport BY ROAD

Take the Santos E Castro avenue and exit at IP7 / Eixo Norte Sul Then take the IC17 towards Cril / A1-Norte / A12-Sul and go along the IP1, taking the exit “Alcàcer Do Sal” then IC1 “Alcàcer Do Sal Algarve” N10-4 5 mn Take the N253 / R253 then the N261 / R261 Until you reach Carvalhal

TROÏA Barco

y From the airport BY FERRY

13 mn Take the Santos E Castro avenue and exit at IP7 / Eixo Norte Sul Take E1 in the direction of: A1- Norte A12- SUL PONTE VASCO DE GAMA Then take the IC17 towards Cril / A1-Norte / A12-Sul, head up the IP1 and take the exit: Setubal, Lisboa, Almada, Palmela N253 Then take the A12 SETUBAL, leave the motorway and go into Sétubal The ferry can be taken from: Setúbal-Santa Maria da Graça, Avenida Jaime Rebelo - 20-minute N253 Lisboa crossing Take the road towards Setabul, following the N253-1 and N261 Follow Carvalhal COMPORTA H

FERRY/BAC SURF h GOLF (in CARVALHAL opens in 2020) DOLPHINS 15 mn

MARINA SHOPPING

N261 BEACHES SUPERMARKET

45 km praias h CARVALHAL N261 CASINO H HOSPITAL

10 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 11 COMPORTA: HIPPY CHIC DESTINATION!

The Comporta wilderness, just one hour from Lisbon, is considered a hotspot for Lisbonite intelligentsia. Calm and serenity are the watchwords in this haven of peace where one leaves the cares of the world behind at the shore. Semi-wild beaches, natural dunes and protected natural flora soothe the senses and the little fishing village of Comporta promises a life of contentment and the opportunity to let go.

An ode to slow-living...

comporta It simply that !

« A DAY IN COMPORTA»

8 pm: Admiring the sunset from horseback

12 pm: Lunch on the beach: grilled fish, shell fish and 9 am: Breakfast in the black rice ...

village café It sells everything from 3 pm: SIESTA at LA RÉSERVE straw hats and baskets to luxury products

7 pm: Evening drinks on the beach 6 pm: A stroll through Comporta’s shops COMPORTA, VOTED «THE PLACE TO VISIT IN 2017» 10 am: Dolphins at BY THE NY TIMES Troïa

12 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 13 CARVALHAL, TUCKED BETWEEN THE SEA AND THE PADDY FIELDS

La Réserve» is located at the entrance to Carvahal village, just 100 metres from the local shops: chemist, bank, international newsagent, car and bicycle hire, supermarkets selling beach essentials, typical restaurants and pizzerias. A range of excellent facilities a short walk or bike ride away!

14 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 15 «LA RÉSERVE» NATURAL RESORT & SPA

10 HECTARES OF PROTECTED DUNES OPEN TO JUST A LUCKY FEW!

3 types of property available:

- Aparthotel - Typical fishing village - Luxury villas

RIZ

y APARTHOTEL

«For investors who want a pain and worry-free return»

2-bedroom configuration 64 sq. m. studio + 1 bedroom flat 56 units Possible to create 2 bedrooms or a suite (as required) Owner may occupy all or part of the flat

From €220,000

y THE FISHING VILLAGE

«For those who want to combine investing with pleasure»

82 units 2 bedroom (15 units): from 87 sq. m. for €308,000 3 bedroom flat (35 units): from 118 sq. m. for €364,000 4 bedroom flat (32 units): from 146 sq. m. for €516,000

Some 2 bedroom and all 3 and 4 bedroom properties have an ornamental swimming pool. All properties have a parental suite with private bathroom and gardens and/or patios of 200 to 700 sq. m.

y LUXURY VILLAS

«The ultimate property investment to be enjoyed in total freedom» Supermarket Bakery

4 and 5 bedroom villas Restaurant petrol station 24 properties from 158 to 256 sq. m. Private planted garden of between 1,000 and 2,000 sq. m. Coffee Bank Swimming pool with Jacuzzi. Brazier Press Shops From €678,000

Option of combining 2 properties

16 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 17 «LA RÉSERVE», MASS LAY-OUT 14.5

12.5

11.3

12.5

15.1

17.50

15.00

2 3 4 5 6 7 8 9

17 16 15 14 13 12 11 10

15.00

9 8 10 7 11 20.00 6 12 5 13 14 4 15.00 15 Terrasse 3 2 16 17.50 17

17.50 17.50 12.3 cx.esg.

A05 | L07

20.00 A04 | L06 B49|B50 15.00 B41|B42 B47|B48 B51|B52 B53|B54 B55|B56

B43|B44 B45|B46 17.50 A06 | L08 Aparthotel A03 | L05

20.00 8 B14|B28 9 A02 | L04 B39|B40 10 20 A07 | L09 B13|B27 22.50 B12|B26 A08 | L10 A19 | L13 A20 | L14 B37|B38 Parties communes

17 16 6 15 14 13 12 11 B11|B25 10

2 3 4 5 6 7 8 B10|B24 9 7 A21 | L15 A18 | L12 A01 | L03 B35|B36 12.3 B09|B23 B08|B22 i Jacuzz 12.1 B33|B34 ine Parking c Pis 26.8 13 A17 | L11 B07|B21 11 B06|B20

zi 25 14 cuz Ja

ine Pisc 1 3 12 2 4 5 B31|B32 15 10 11 12 13 14 15 16 17 A22 | L16 9 8 7 6 5 4 3 2

ine Feu Pisc B05|B19 25.2 B04|B18

zzi The fishing village Jacu B29|B30

B03|B17 B02|B16

u Fe

e A23 | L17 scin Pi 28 B01|B15

i C63 zz cu Ja 29 C62

A24 | L18

12.2 T3 C64 T3

12.3 T3 C60 T3 T3 C55 T3 C59 C01 C65

16 C58 T4 B2 C02 T4A 17

A25 | L19 C66 Luxury villas 18 T4C C57 C67 T4A T4C

C54 T4A C03 20 C56 C53

T3 C68 C52 T5A T4C C69 C51 T5C C04 A26 | L20 T3

19 12.3 C46 20 C70 C49 C05 T5C C71 T5C Swimming- T5C C45 T3

T5A T3

A27 | L21 C50 C48 C06 pool T5C C44

AA'

C47 B

' T4C C73 C07 T3 C72 T4C C43

12.7 T5A

Restaurant 26 27 C33

C75 T5C 14.3 C08 C74 T3 T3

A28 | L22 T5A C39 T4A C32 C40 C34 Kids Club 13.8 T4A C09 C77 T5C C41

C35 T4A C42 T5C

T3 C76 C10 T4B1

T5A 13.3 C79 C30 C31 T4A Spa C38

C78 C11 A29 | L23 C28 T4A T5B T4B1 23 C81 T4B1 C29 C37

12.9 24 C27 C12 T4A T4B1 25 21 T4A C36 C82

C13 C80 T4A

T3 C25

A30 | L24 T5A C61 C26 T4B1 C22 C14

T3 T4B1 T4B2 A16 | L26 C23 12.7 T4A C21 T4B2

C24 T4A C19 A31 | L25 C17 C15 T5A T5A C20

C18 T5A C16 23.2

T5B T5B

12.2 22.1 Non-contractual document Created/ written by: Terrésens communicationsN department Illustrations are artists’ impressions only 18 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 19 P L A N M A S S E COMMON AREAS

REDISCOVER YOUR FREEDOM Welcome to «La Réserve»

To make your stay exceptional moments and relaxation, common areas have been imagined. Natural dunes, green gardens as far as the eye can see, you have found your corner of paradise and your children too.

From the reception of the residence, your concierge will be at your disposal, every day, to make your every request: car rentals, babysitter, activity bookings ...

Throughout the day, everyone will find his activity. The more athletic can do without counting: bike ride, running in the heart of unspoilt nature, beach volleyball, football ...

For those who wish to take the time, they can relax in the wellness area of the residence: sauna, steam room, treatment cabin with massage on demand.

Your children will not be left out, they will be able to work out thanks to the kids club.

At the heart of the estate, each resident will enjoy the landscaped pool and sunbathing for moments of calm.

According to your desires, you can meet in the evening for a game of petanque with friends and then share delicious grilled fish in the restaurant of the residence.

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only

20 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS «LA RÉSERVE», THE SWIMMING POOL

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 22 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 23 THE APARTHOTEL, An optimised floor plan for long-term investments

The aparthotel at the resort has 56 apartments, each with a 2-bedroom configuration. The 2-bedroom configuration includes a studio flat and a one-bedroom flat linked by a small corridor.

The apartments are furnished, equipped, functional, and full of light.

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 2424 Les LAVignes RÉSERVE d’Or I ICARVALHAL MONTAGNAC - COMPORTA I GROUPE I TERRÉSENSGROUPE TERRÉSENS LA RÉSERVE I CARVALHAL -COMPORTA I GROUPE TERRÉSENS 25 THE APARTHOTEL

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 26 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 27 THE FISHING VILLAGE, With a “made in Comporta” style

Discover the chic yet authentic atmosphere of Comporta as epitomised by the 82 village houses. This part of the resort, with its blue and white façades and little passages, immerses you in lanes typical of Comporta.

The village houses, from 2 to 4 bedrooms, have been meticulously decorated and furnished with every necessary comfort to ensure that every moment is a delight. Some properties have landscaped gardens with ornamental swimming pools, while others have large patios and roof-top pools: everything you need to enjoy La Réserve’s sunshine and tranquillity.

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 28 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 29 THE FISHING VILLAGE THE STYLE MADE IN COMPORTA !

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 30 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 31 LUXURY VILLAS, Tranquillity, prestige and authenticity

The 24 authentic and prestigious villas at La Réserve create a haven of paradise for completely relaxing holidays.

All the villas open onto magnificent landscaped gardens with a view across the natural dunes and pine trees. The gardens have large patios and a swimming pool area to relax in. During the long summer evenings, get together with your friends and family around the brazier in the middle of the garden. The gardens are designed to ensure that nature is the backdrop in a landscape that one could gaze at forever.

The villa interiors offer absolute comfort and generous spaces. The rooms are light and luxurious, while promising comfort and every amenity.

« Authentic and refined decoration, luxuriously appointed »

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 32 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS DÛNE I CARVALHAL DO COMPORTA I GROUPE TERRÉSENS 33 LUXURY VILLAS

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only

34 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 35 STANDARD PLANS

4 bedrooms 5 bedrooms

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only

36 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 37 ATMOSPHERE, DECOR, LANDSCAPE

Words from the architect Words from the interior Words from the landscape decorator Gardner

To create La Réserve, we Comporta is synonymous with Gardens are very important combined all the architectural simplicity and complexity. Its style in Comporta. The boundaries elements found in the region. is uniquely its own: both bohemian between interior and exterior We wanted to retain the unique and sophisticated. We used local spaces are almost non-existent. character of the place. materials in traditional or re- During the day, the pool is used interpreted ways to decorate the for a taking a refreshing dip and White and blue buildings inspired apartments, houses and villas. then, in the evening, candles are by the village of Comporta, villas The decor combines authenticity lit around it for dinner. with white walls and thatched with chic. roofs, landscaped gardens with a The gardens in La Réserve will be brazier in the middle and so on. sandy and planted with indigenous vegetation with intense aromas Everything was designed to create and calming colours. You will be calm relaxing surroundings. able to wander through them barefoot on the narrow wooden boardwalks.

Non-contractual document Created/ written by: Terrésens communications department Illustrations are artists’ impressions only 38 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 39 PURCHASING PACKAGES

€ y INVEST You be paid a rental income corresponding to a 5% return on your property investment. A single week’s stay (non-consecutive) is possible all year round providing that the apartment is free (boo- Use of the packages presented below is not a requirement. king 5 days in advance in PS and HS, 10 days in MS, 15 days in LS). The owner can also buy a property to use as: All charges related to the apartment are paid by the tenant (except for property tax)

Example: I buy an apartment for €150,000 - His/her main residence My cash contribution covers the upfront fees, furnishings and fittings - His/her secondary residence with or without the assistance of the My I borrow €150,000 over 20 years at a rate of 2% (including insurance). Second Home concierge service. Repayments: €780/month Rent: €500/month Cost: €280/month or €3360/ year + property tax or My cash contribution is sufficient to ensure that the rent covers my monthly repayment, i.e. €50,000 or 30% of the total investment.

This formula only applies to the units in the aparthotel. € On condition that a loan at a rate of 2% over 20 years is taken out

y MIX

You will be paid a rental income corresponding to a 2% return on your property investment + occupation rights: 4 weeks in LS 3 weeks in MS 1 week in HS 1 week in PS €

All charges related to the apartment are paid by the tenant (except for property tax)

y FREE

You receive payments of real rent based whenever the property is leased out at a rate of 70% of the total *PS: Peak season July / August rental income. HS: High season June/September MS: Midseason April/May The owner tells the property manager which periods he/she would like to rent the property out for. The LS: Low season October to end of March owner can occupy the property for up to 7 months or 210 days per year (possible for it to be his/her main residence). All charges (including property tax) are paid by the owner.

40 LA RÉSERVE I CARVALHAL DO COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL DO COMPORTA I GROUPE TERRÉSENS 41 TERRESENS HOLIDAYS IN Portugal

A dedicated team and a personalised service!

Terrésens Vacances, the operating subsidiary of the Terrésens Group, has created a concierge service to meet owners’ every need when entrusting their property to a management company.

During periods when the owners are not occupying the property, our management service takes care of the rental, upkeep, security and maintenance etc.

Terrésens owns the brand My Second Home, which is a well-known and respected for its management of apartment blocks in the mountain sector. The Group is renowned for its financial stability and its owner-dedicated concierge service. A single contact and a personalised service Installation of your At-home hairdresser The concierge service is accessed using an Ultimate card, which enables the owner to call on the concierge personal possessions for the following services*:

- Airport / resort transfers Private at-home - Vehicle rental chef Baby sitter Medical assis- - A shuttle service to Lisbon tance - Helicopter transfers - Private at-home chef - Baby-sitter - Hairdresser Restaurant bookings Airport transfers / taxi - Medical assistance Dry cleaning reservations - Reservations for various activities (horse riding, golf etc.)

*Please note that a cost applies to some of the services available and payment is made direct to the suppliers.

The Ultimate card provides access to the concierge services and is free for owners who have entrusted the management of their property to My Second Home and have chosen one of the 3 purchase packages on offer.

Owners who have not entrusted My Second Home with the management of their property but still wish to benefit from the concierge services for their tenants (reception, key handover, incoming and outgoing inventory, concierge services during the stay, and cleaning) should contact the master concierge at My Second Home for specific costing: [email protected].

42 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS DÛNE I CARVALHAL DO COMPORTA I GROUPE TERRÉSENS TAX SYSTEM IN Portugal

WITH YOUR MAIN RESIDENCE IN PORTUGAL, IMT: PROPERTY PURCHASE TAX (Imposto Municipal sobre Transmissão de Imóveis) ENJOY A SUN-FILLED LOW-TAX RETIREMENT! Property purchased on Portuguese soil is subject to property purchase tax (IMT), whatever the buyer’s nationality. IMT is paid by the buyer. Property purchase tax rates vary according to whether the building is in the town or country and if it is in a town on whether the building is a dwelling or not.

Stamp duty: Property acquisition is also subject to stamp duty, which is paid by the buyer at a rate of 0.8% of the transaction price or the VPT (the rateable value), whichever is higher.

THE MAIN BENEFITS OF RETIREMENT IN PORTUGAL NHR STATUS: NON-HABITUAL RESIDENT

y TAX AND FINANCIAL ADVANTAGES How do you get non-habitual resident (NHR) status?

- Lower cost of living, enabling you to optimise your pension and access a higher standard of living y You may not have been a Portuguese resident in the last five years - Security for your capital thanks to a risk-free investment in property y Register as resident in Portugal for tax purposes with the local tax office (for that, you must have stayed - An investment with no exchange rate risk because it stays in the Euro zone in Portugal for more than 183 consecutive or non-consecutive days, or, if you have stayed for less time you - Tax agreements between EU countries mean that you avoid double taxation on your income. need to have been resident at a property on the 31 December of the same year and the situation must You quite simply have your pension paid into your bank account in your country of origin. indicate that you intend keeping and occupying the property as your main residence) - Tax advantages for Portuguese residents (no inheritance tax) y Request non-habitual resident status at the same time as you register as resident in Portugal for tax purposes, or before the 31 March of the year following the year you become resident in Portugal.

Since January 2013: 0% income tax for non-habitual residents Comparative advantages of NHR status:

y For 10 years’ tax is fixed at a rate of 20% on the income of natural persons y EASY LIVING (income tax) for any income received for activities in Portugal. y No double taxation on any pensions or income as an employee or as a self-employed person done - A gentle climate and peaceful way of life in diverse landscapes with welcoming people who often know abroad how to speak French and English y A law is anticipated that will create a 17% progressive tax rate - Many daily flights to major European cities from Lisbon airport at very competitive prices - A high standard of living - A health system that conforms to European standards and requirements GOLDEN VISA - A country with one of the lowest crime rates in Europe - A large European community New legal provisions have made it possible for foreign investors to request a residency permit designed - Very little culture shock compared with countries of very different cultures to attract foreign investment. The Golden Visa programme applies to any person who enters Portuguese territory legally with the aim of transferring funds, creating jobs or purchasing property.

Those holding a residency permit for investments are entitled to: y bring their families to join them y access a permanent visa y obtain Portuguese nationality (optional)

Who can request a residency permit for investments?

Non-EU citizens making, either personally or through the intermediary of a company, an investment in Portuguese territory for a minimum duration of five years that meets at least of one of the following criteria:

y property investment into assets worth €500,000 or more y transfer of funds equal to 1 million euros or more (including investments in shares and shareholdings in companies) y the creation of at least 10 jobs.

O TAXES ON YOUR PENSION

44 44 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 45 360° COMPREHENSIVE EXPERTISE IN LEISURE PROPERTY!

V G

Since 2008, TERRÉSENS Group has specialised and created a structure to ensure it covers all the phases involved in leisure property. Our transversal expertise gives us a global vision of property that is indispensable when selecting high quality long-lasting property investments for promotion and rental management. LA PACAUDIÈRE GROUP IS AN INVESTOR IN THE PROJECT AND PART OF THE PROJECT TEAM • DESIGNING AND BUILDING

Our group gets involved as soon as a property has been located. After a study carried out by our development La Pacaudière group is a holding company with capital of €352.9 million, owned by Eric Kleboth and family. department, we select sites with rigorous attention to detail. Choosing the right location is critical because It owns 12 companies directly or indirectly in various fields, including: it guarantees the best investment: “Location, location, location” is our watchword! We then carry out the following: markets studies for the product; benchmarking; and product design in • Distribution: the group is developing with the creation of the BABOU brand, leader in distribution and collaboration with the architects, our management department and the future management teams. When discount outlets. It owns 92 outlets in France. building the properties, we get involved as the property developer/ co-developer, or even as the assistant • Property in its broadest sense: management of several properties and owners of luxury buildings in Paris, contracting authority. private management of financial assets for third party accounts through its subsidiary TAURUS GESTION PRIVEE, which is authorised by the Autorité des Marchés Financier (AMF - the French markets authority). • Insurance broking • MARKETING AND CONSULTING • Private Equity management of its own funds • Holding and management of agricultural and forest property throughout France. Immoé, a subsidiary of the TERRÉSENS group, markets the properties (apartments, chalets, villas etc.). We work with our own network of consultants in France and internationally. LA PACAUDIÈRE group has begun restructuring its property business activities. The strategy is focusing on several fields: • MANAGING AND OPERATING • Property agent business activities, principally in Paris, Lyon and other large cities Our management team studies, selects and validates the future property programmes completely • Direct property promotion or in partnership on housing, offices or commercial properties independently so as to ensure long-lasting problem-free management. During the operational phase, our • Investing specific programmes: multi-disciplinary health centres, retirement homes and so on on-site teams ensure the good running of the properties and ensure that they are full through the upkeep • Investing in leisure property programmes in the mountains, or on the coast, including in Portugal and technical monitoring of the units and common areas. • Long-term investing in investment funds holding a portfolio of securities • Development in partnership with major actors

OUR CREATIONS / INVESTMENTS:

- LE DIAMANT DES NEIGES / PLAGNE 1800 : Collective ownership tourism scheme/ 14 units Terrésens group involvement: co-developer marketing manager and manager

- LES FERMES DU MONT-BLANC / COMBLOUX : Collective ownership tourism scheme/ 60 units Terrésens group involvement: assisting contract authority, marketing and manager PATRIA IS TERRÉSENS REPRESENTATIVE IN PORTUGAL. THE COMPANY WORKS ON-SITE TO ENSURE THE PROJECT IS DEVELOPING WELL. - LE HAMEAU DE BARTHÉLÉMY / LA ROSIÈRE : Collective ownership tourism scheme/ 20 units Patria has been active in Portugal for many years and is a local property partner. The company has solid Terrésens involvement: developer, marketing manager and skills in the property sector, ranging from setting up operations to technical monitoring and funding and it manager has worked on the completion of many property projects.

46 LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS LA RÉSERVE I CARVALHAL - COMPORTA I GROUPE TERRÉSENS 47 Believe in a paradise that you thought is lost.

Dream of a place that sand stretches as far as the eye can see, With the sea for single companion. Have peaceful dives in translucent water, with dolphins that play around your boat. Dream of a simple life that nothing is missing, and of a refuge where only the sweet song of the birds cradles the silence. Dream that you ride a horse on the beach, with the breeze that caresses your face and the sweet eddy of the waves that cradles your walk.

Dream of authentic flavors of the soil and the sea, and ofa human warmth which seems that of a forgotten epoch.

Discover, now, that your dream is reality and that you don’t have to cross half the globe to arrive. Discover Comporta, the last secret that remains to be awakened.

www.reservecomporta.com www.terresens-msh.com

GROUPE TERRÉSENS SAS au capital de 450 000 € Document non contractuel Conception / rédaction : RCS Lyon 501 580 211 Service communication Terrésens 10, Rue de la Charité Illustrations laissées à la libre 69 002 LYON interprétation de son auteur Tel: +33 (0)4 72 14 07 14 V G Crédits photos : Fax: +33 (0)4 78 24 65 61 www.terresens.com ©istock, ©fotolia, ©Google... Le 07/06/2018