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Portugal Residency

D7 Visa and Golden Visa are two main residency programs of Portugal.

Portugal residency

About Portugal

Portugal, the most western European state resting on the magical shoreline of the Atlantic Ocean, has been the major destination for applicants wishing to experience a peaceful European life in their retired days or while working remotely on the golden sands of this heaven. If you wish to move to this land of peace and prosperity, we are here to help you relocate to there by either investing in real estate or by showing a passive income. Moving to Portugal has plentiful benefits since the newcomers can benefit from the opportunities offered by this country, such as:

  • the right to live, work and/or study in Portugal
  • pleasant and warm climate in the heart of Europe
  • a relatively low cost of living
  • strong education system with recognized world-class universities
  • tax benefits
  • relaxed atmosphere offering peace of mind

Portugal Passive Income (D7) Visa

The Portugal Passive Income Visa (also known as D7 Visa) provides residency status to non-EU/EEA/Swiss citizens with reasonable net regular passive income to reside in Portugal. The income can be earned from stable passive sources such as pensions, real estate, intellectual property, or financial investment. So it is important to know that the income from working source is not acceptable. This visa allows applicants and their family apply for legal residence in Portugal and consequently put them on the pathway to permanent residence and EU citizenship. The initial visa is for 2 years, and it can be extended for another 3 years enabling you to get to the 5-year point at which you can then apply for permanent residence and citizenship.

Minimum Income requirement

The minimum income requirements vary according to the number of dependents:

  • Main Applicant – 100% of the minimum wage (however, we advise to consider minimum wage as 1,200€)
  • Other eligible adult dependents– 50% of the minimum wage per person
  • Dependent minors– 30% of the minimum wage per person

Since the initial visa is for 2 years, it is advisable to deposit a minimum amount of 30,000€ within the Portuguese bank account which will be opened in your name.

Eligible dependents

The following dependent family members are allowed to be included in main applicant’s application:

  • Spouse or partner
  • Minor or incapacitated children of the couple or of one of their spouses/partners
  • Children over 18 years of age who are single, studying, and financially dependent on the applicant or spouse
  • Dependent parents of the main applicant or their spouse
  • Minor siblings, who are legally deemed to be in the care of the main applicant

Renewals and minimum stay requirements

The initial visa is valid for 2 years and at the end of the second year it can be renewed for another 3 years. At the end of fifth year, you can apply for permanent residency. You can apply for the passport if you have passed the A2 language exam. The Passive Income Visa is aimed at those who intend to live in Portugal and so, you must spend six consecutive months or eight nonconsecutive months in Portugal. Bear in mind that if you are absent for 6 consecutive months, your residence permit might be invalidated.

Application Procedure

Our experts will assist you obtain and complete the documentation that is required to successfully prepare, submit and process their application. These requirements include the following:

  • Appointing a fiscal representative and obtaining the NIF number
  • Opening a personal bank account in Portugal
  • Securing long-term residential accommodation in Portugal either through a purchase, rental or loan agreement
  • Applying for a D7 Visa and attending an interview with the Portuguese Consulate in the current country of residence.
  • Attending a meeting with the Immigration & Borders Service (SEF) in Portugal

D7 Visa Benefits

As a Portuguese resident, there are several benefits you can take advantage of:

  • High-Mobility and free access to Schengen area
  • Access to Portugal’s world-class National Health Service (SNS)
  • Eligibility of the whole dependent family for inclusion in residence application
  • The right to live, work or study in Portugal
  • Access to Portugal’s world-class schools and topnotch education system
  • You can take advantage of NHR status

Portugal Golden Visa

Created in 2012, the Portugal Golden Visa is known as one of the most popular investment residency programs in the world. Since then, thousands of families have successfully relocated to Portugal through this program. The program allows non-EU citizens to qualify for a residency permit and eventually a passport in the country through investments. Investors can choose between different options available but the most popular option is investing in new real estate or an older property for restoration. They can put their property on rent and the advantage of its monthly income.

Real Estate option

Applicants can choose between of below options:

  • Commercial, Touristic or Residential Real Estate with a Value of minimum €500,000 anywhere expect Lisbon and Porto. (Note: for properties built LESS than 30 years ago and located in a low density populated areas, minimum €400,000 investment is acceptable)
  • Minimum investment of €350,000 in real estate (including the asset and its renovation) aging over 30 years (residential are prohibited in Lisbon and Porto)
  • Minimum investment of €280,000 in real estate (including the asset and its renovation) aging over 30 years, located in low density areas.

Real Estate Projects

It is important to know that NOT all projects within the price-range of the program are acceptable; the property must be confirmed for the golden visa program. That’s why our experts have gathered a wide range of hand-picked projects for the interested applicants.

Main Eligibility Requirements

  • Maintain the investment for at least Five Years;
  • Spend a minimum of 7 days in the first year and 14 days in the subsequent years;
  • Applicant to be over 18 years of age and passing due diligence process

Application Procedure

  • Preliminary Due Diligence and obtaining NIF number
  • Opening bank account and transferring the funds
  • Remote selection of real estate
  • Purchasing the property
  • Preparation of documents and application
  • Fingerprinting in Immigration & Borders Service (SEF)
  • Getting the approval and the residence permit cards

Golden Visa Benefits

  • Short stay requirement for each year
  • Possibility to request for Permanent Residency after 5 years
  • Access to the national health service
  • Access to the Portuguese national education service and schools
  • Exercise of any work activity as an independent professional
  • Access and protection from the Portuguese law and legal system
  • Free movement within the Schengen countries
  • Family reunification (Immediate Family Members)
  • Ability to get the NHR status (Non-Habitual Residence)

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