buyer's Guide

Path to residency

Are you planning to move to Portugal or seeking residency?

buyer's Guide

Path to residency

Are you planning to move to Portugal or seeking residency?

Feeling confused about which visa route to take?

Feeling confused about which visa route to take?

There are several options available for residency and visas in Portugal.

In the past, the golden visa was the most popular option for obtaining residency and a passport, especially when combined with a real estate investment. However, recent changes in 2023 have made this option less attractive for some. It’s essential to understand the main difference between the Golden visa and other visa options, as it’s the most crucial factor that determines which route is best for you. The Golden Visa is currently the only option that allows you to begin your 5-year residency leading to possible citizenship without having to spend at least 6 months in the country each year. Let’s take a look at the most popular long-stay visa (residency) options.

The options

The options

The Golden Visa
  • Only relevant for non-EU/EEA/Swiss citizens.
  • Applicants must have a regular passive income that provides them means to subsist in Portugal.
  • The lowest investment thresholds is 250 thousand Euros for cultural heritage.
  • Or 500,00 Euros in a fund that offer a good rate of return.
  • Holder of a Golden Visa only have to stay in Portugal for a total of 14 day consecutively to non-consecutively for each two year period.

 

So if you are currently working, planning to move to Portugal in a few years, and want to start the countdown to a European citizenship, this is still your best option.

We have been working with Golden Visas for years. We understand that for some this option can either feel less attractive or more risky. Therefore, we did our homework to find a couple of funds we feel could be attractive options. If you want to have a conversation about it, contact us at [email protected].

 

D2 – “The Entrepreneur Visa” or “Business Visa”
  • Relevant for non -EU/EEA/Swiss citizens
  • Perfect for entrepreneurs, freelancers or service providers outside the EU who want to live in Portugal.
  • You can start a new business, transfer an existing one or invest in a Portuguese company.
  • You must prove that you have enough economic means to subsist in. Portugal
  • The visa is valid for 2 years and renewed for periods of 3 years.
  • It is obtained visa the Portuguese embassy in your country of origin/residency.
  • There are minimum stay requirements. For the first 2 years of the visa, you must be in Portugal for a minimum of 16 months.

 

D7 – The “retirement visa” or “Passive income Visa”
  • Relevant for non-EU/EEA/Swiss citizens.
  • All applicants must have a minimum passive income which will vary according to the number of family members in the applicant’s household.
  • Main applicant: 9,840 Euros/year. 50% of this amount will need to be added for the partner and 30% for each dependent child.
  • Applicants must stay in Portugal for a minimum of 183 consecutive days each year or 8 months with breaks within the year.

 

D8 – The “Digital nomad Visa”
  • Relevant for non- EU/EEA/Swiss citizens.
  • Applicant must be employed by a company outside of Portugal or self-employed.
  • Applicant must demonstrate an average monthly earning  of €3,040.
  • Applicants will need to deposit in a Portuguese bank account 9840 euros for the main applicants and more funds for additional dependents.
  • Two options  are available: the temporary stay or resident permit.

 

All long term visa options offer the same benefits to applicants:
  • Access to the Portuguese national health system
  • Access to the Portuguese national education system
  • Exercise of any work activity as an independent professional
  • Access to the Non-Habitual Tax Residence scheme
  • Family reunification: spouse, children, minor siblings, elderly parents if they are dependent on you.
  • Possibility to apply for permanent residency or citizenship after 5 years of residency
  • Visa-free entry in the Schengen countries.
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