It is fairly easy to get residency in Portugal. This is possible, in part, due to Portugal’s 71 double taxation treaties. The great thing about this programme is that it can take just 6 months for applicants to receive their Portuguese residency. padding: 0px 20px 0px 0px; Capital Transfer funds can now be used to invest in all types of companies and the job creation category has been reduced from 30 to 10 jobs. Permanent residency (PR) is available after 5 years. You must show a valid passport, proof of income, proof of health insurance, and submit to a criminal background check. display: FLEX; }b>, Simple and flexible travel insurance even if you've already left home. To get the residence permit you will have to prove that you have a monthly regular income of at least €1,070. "@type": "Question", You will become eligible to apply for citizenship and passport after 6 years from the date initial residency permit (first golden visa) is issued. The biggest draw of the program is the opportunity to reduce your income tax to zero. "acceptedAnswer": { Get a quote: A temporary residence permit is valid for one year from date of issue. To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements. In simplest terms, you can receive permanent Portugal residency once you’ve lived in country for five years with a temporary residence permit. text-decoration: none; ", The Setubal Peninsula region, just south of Lisbon is on the borderline in terms of GDP (72.9% of the national average according to the most recent statistical data) and a rebound in its economy may quickly exclude it from the low density areas. The Cost of Living in Portugal. Citizens of some non-EU countries with bilateral agreements with Portugal are allowed to apply for this work residence visa in Portugal within 90 days of arrival into the country. color: #ad2803; Once you have your visa, you can set up home in Portugal and apply for your residence permit. We use cookies to ensure that we give you the best experience on our website. The name of the department responsible for processing and issuing residence visas is the Serviço de Estrangeiros e Fronteiras (SEF). ", Basically, that visa is the first step to getting permanent residency. Get a Quote: To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements. " This is the first step towards residency in Portugal. Launched in 2012 the investor visa program has been actively promoted internationally by the Portuguese government. Once that visa is accepted, you’ll apply for residency with the Portuguese government. In simplest terms, you can receive permanent Portugal residency once you’ve lived in country for five years with a temporary residence permit. Portugal in February: The Best Guide for Your February Vacation. } "text": "To settle in Portugal, you need a visa to establish residency. You just need to make a qualifying investment in Portugal and spend an average of only seven days per year in the country. How can I get residency in Portugal? Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. For each of these, if you live outside the EU, you’ll need to apply for the relevant visa. Non-EU/EEA/Swiss citizen who intend to relocate to Portugal and have a reasonable net regular passive income can apply for this route to residency. Answer: It is not a passport program; it is residency. , { Type of visitor Cigna International Healthcare, Your medical expenses will all be covered when living abroad. The Portugal Passive Income Visa, or D7 Visa, is a part of the Portugal residence permit program. If you are an employed worker without a residence visa and wish to apply for a residence permit (Article 88, paragraph 2), you will need to register on the SAPA portal (website is in Portuguese) first. text-transform: uppercase; At the same time, you should be aware that in order to be eligible for Portuguese citizenship you must actually reside in Portugal for 6 years and speak Portuguese language at the level of B1 (you will have to take a test or exam to prove the ability). This will help you understand how to apply for Portuguese residence if you’re already here. }. } Therefore,, we hope that the amendments to the Immigration Law will make the Portuguese Golden Visa program more attractive to international investors who wish to relocate to the European Union. The alternative eligible investments are currently as follows: Low Density Areas .in-post-simple-cta .gcs-tittle { Portugal is an extremely family-friendly nation, and the Golden Visa Programme extends to dependants, providing an excellent option for families seeking a European base. color: white; } Moving to Portugal and gaining Portuguese residency might seem like a complicated process for non-EU citizens. Citizenship and passport are available after 5 year with legal residency status in Portugal, the same as for PR. "@type": "Answer", } The Programme requires just seven days residence within Portugal for the first year and 28 days in subsequent years. font-size: 20px; Promissory Contracts of Purchase and Sale are now acceptable for the initial investor residency application, if a deposit of at least EUR 500,000 is paid. To be eligible you may be required to have a place of abode in Portugal, have sufficient means of subsistence and some basic knowledge of Portuguese. In addition, after the Golden visa is approved the Government charges 5,148 EUR for every visa. You only have to travel to Portugal once during the application process. Consequently, Portuguese residency permits (irrespective temporary or permanent residency) will not allow to visit the UK or to have the reduced fees for education. Part of your residence permit requires that you have a Portuguese address, and that you spend a minimum amount of time in Portugal each year. .affiliate-box-container a { The  first stage in this process is getting a temporary residence permit for five years and then you can opt for a permanent residency. Question: Please let me know if we can still invest in Portugal and gain citizenship. Portugal residency investment program is one of the most successful in Europe Portugal’s low “stay requirement” (the number of days you have to spend in the country in order to maintain legal residency) is one of the main reasons why the program has remained consistently popular in comparison to similar schemes in Europe. color: white; "name": "Is it easy to get residency in Portugal? 2. display: flex; "@type": "Answer", Commonly known as the Golden Visa Program, the program gives residency permits to individuals who invest in Portugal. If not, can you assist with sourcing the appropriate real estate ok for your residence permit European after... ; it is the opportunity to finance the purchase of property over EUR 500,000 residency with the of! Home in Portugal as a Golden visa program in 2012 the same time Cyprus and Bulgaria not. Take until approved 1 year & renewed for a registration certificate I visited a... 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