", Answer: Portugal program does not lead to citizenship in a fast way. The name of the department responsible for processing and issuing residence visas is the Serviço de Estrangeiros e Fronteiras (SEF). The great thing about this programme is that it can take just 6 months for applicants to receive their Portuguese residency. Residency In Portugal If you’re retired or have a pension of around $1,200 a month, you can get residency in Portugal quite easily. Want to learn more about living in Portugal? background-color:#ad2803; Portuguese residency can be gained through an investment starting from €280,000, after which you will be able to travel, stay, and open a business throughout the Schengen area. The visa you apply for will depend on your circumstances: student, investor, or retiree, for example. "text": "You can get residency in Portugal in six basic ways: Marriage, family reunification, study, work, investment, or retirement. Your residence visa allows you to enter Portugal for the purpose of applying for a residence permit. color: white; } } Some of the common places people choose to retire to in Portugal are: For more information on the best places to retire, check out our article here. "acceptedAnswer": { Global Residence - Portugal Golden Visa Program. The Portugal Residency programme offers a pathway to permanent residency and citizenship. You can get residency in Portugal in six basic ways: Marriage, family reunification, study, work, investment, or retirement. Portuguese laws allows holders of a residence permit to be joined by their immediate family members or dependants. A temporary residence permit is issued for one year and renewable for two-year periods as long as you continue to meet the requirements of the residential status. If your application is granted, you will receive a temporary residence permit valid for 1 year. ] If so, how much does it cost and how long the process takes? This can be renewed twice for 2 years each. If you are eligible to live and work in Portugal without a visa, all you have to do is register with Portuguese tax authorities and your local city hall (camara municipal). Establishing residency in Portugal will always be smoother with a little expert help. Transfer of funds - € 1 million . If I hold Portugal Permanent Residency, can my child study in the UK with School Fees or College Fees reduced? Freedom to live and/or work in Portugal. After the 5th year of legal residency, you may apply for a permanent residence permit. It is fairly easy to get residency in Portugal. Portugal in February: The Best Guide for Your February Vacation. An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. "text": "To settle in Portugal, you need a visa to establish residency. justfy-content: center; The second step in the process happens right after you arrive in Portugal. padding: 0px 20px 0px 0px; Under Portugal’s retirement residency law, non-EU citizens who want to retire to Portugal must apply for a residence permit at a Portuguese consular office in their home country before relocating to Portugal. How Coronavirus Could Impact Portugal Golden Visa Rules, Choosing the Best International Schools in Portugal. The original scheme allowed golden visas to be granted to those conducting capital transfers of at least EUR 1,000,000, creating 30 jobs or buying real estate worth at least EUR 500,000. Any other educational benefits or medical benefits in Portugal? One of the most successful immigration programs in Europe, the Portugal Golden Visa Program grants the right to live, work and study in the country, with visa-free access within the Schengen area. You’ll navigate a lot of paperwork and bureaucracy to get residency in Portugal, and you’ll start by applying for a visa. } Launched in 2012 the investor visa program has been actively promoted internationally by the Portuguese government. You can still apply for a temporary residence permit if you are already living in the country. To settle in Portugal, you need a visa to establish residency. Other non-EU nationals must have a job lined up in Portugal as a prerequisite, before applying for a residence work visa in their home country. You will have to apply for a Portuguese residence visa in your home country. "name": "How can I settle in Portugal? For each of these, if you live outside the EU, you’ll need to apply for the relevant visa. There are a number of different ways to make Golden Visa investments, although the most popular method is through real estate. Some of the documents you will need to present to SEF include the following: For more information on the family reunification visit SEF’s website. @media (max-width: 600px) { To get the residence permit you will have to prove that you have a monthly regular income of at least €1,070. Start by entering the country on a 120-day visa. Portugal has become a place that’s high on the list of places to relocate to in Europe. By marrying a citizen of Portugal, you can apply for residency and, eventually, citizenship. "@type": "Question", HCCMIS Atlas Travel, The number 1 global insurance with 24-hour day assistance, Get a Quote: “Low density areas” are the NUTS 3 regions having less than 100 inhabitants per square kilometer or a per capita GDP of less than 75% of the national average. }b>, Simple and flexible travel insurance even if you've already left home. } In case you agree to these terms let me know and I will ask my colleagues in Portugal to find properties. "@type": "Answer", The key is to be organized and persistent. Cigna International Healthcare, Your medical expenses will all be covered when living abroad. Periods of mandatory stay in Portugal for the investors have been eased and now stand at 7 days for the first year and 14 days for subsequent periods of two years. ", The key is to be organized and persistent. Attaining your Portuguese residency could also be worth it in the long term if it means you end up with a Portuguese passport. If you get employed, you can change to a worker status which allows you to live and work in Portugal. World Nomads Travel Insurance, Built for individuals traveling outside their home country for more than 5 days - include coverage for COVID-19 (SARS-CoV-2)* Get a Quote: flex-direction: column; This article walks you through various paths to residency, and makes the process a little more manageable. 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 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. Answer: The UK is not member of the Schengen agreement. } text-transform: uppercase; 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." Second Citizenship, Second Passport - FAQ, Second Passport by Investment Programs – Comparison Table, Honorary Consulate and Diplomatic Passport, Legal Basis for Honorary Consul Appointment, Publications on Immigration and Dual Citizenship, Temporary and Permanent Residency in Slovakia, Permanent Residence in Belgium and in other EU-countries, Immigration to Switzerland for financially independent persons, Immigration to Andorra for High Net Worth Individuals, Spanish Citizenship and Two-Stage Schemes Fraud. Portugal: Artistic Residency provides a space for the resident to live and work (might include kitchen), access to research material, if available in space where residency takes place. All our articles are written by expats that live (or lived) in Portugal. With the exception of investments in financial assets, the minimum investment amount that is eligible for Portugal’s Golden Visa benefit from a 20% reduction if located in a “low density area”. "name": "Is it easy to get residency in Portugal? The Portugal Golden Residence Permit Program is a five-year residence-by-investment program for non-EU nationals. font-size: 12px; text-transform: uppercase; The tax residency is good for 10 years and does not come with the typical obligation that you visit or live in Portugal part of the year to maintain your tax resident status there. You can get residency in Portugal in six basic ways: Marriage, family reunification, study, work, investment, or retirement. Once you have your visa, you can set up home in Portugal and apply for your residence permit. To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements. " font-size: 14px; Possibility of co-ownership, with each co-owner making an investment of at least EUR 500,000 Retiring in Portugal is also a way to get Portuguese residency if you’re at that stage of life. .in-post-simple-cta .gcs-tittle { After you receive your residency, you do not have to live i… In practice, this applies to the whole of Portugal with the exception of the coastal areas south of the River Lima and north of the River Tagus. Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years. Therefore, Portuguese passport will be ok for your purpose. In order to establish tax residency in Portugal, applicants for the NHR scheme must hold a place of residency in Portugal on the 31st of December of that year with the intent to hold habitual residence. We use cookies to ensure that we give you the best experience on our website. display: flex; One route to Portuguese residency is through employment. The Portugal Golden Visa program, also known as the residence permit for investment activity (ARI), is a residency by investment scheme designed for non-EU citizens. For each of these, if you live outside the EU, you’ll need to apply for the relevant visa. Permanent Residence and Citizenship in Portugal. During this five-year period, it is not necessary to live continuously in the country. The islands of Madeira and Azores are also excluded from the low density areas. Basically, that visa is the first step to getting permanent residency. border-radius: 5px; The Golden Visa Program, for example, has attracted many non-EU nationals to Portugal. The properties acquired can be freely rented and let for commercial, agricultural and tourism purposes. "acceptedAnswer": { EU nationals can enter the country for three months with the aim of finding a job or setting up a business. color: #1d70b8; Portugal Program Benefits One of the most successful immigration programs in Europe, the Golden Residence Permit Program in Portugal, grants the right to live, work and study in the country, with visa-free access within the Schengen zone. 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. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union. This material is protected by copyright laws. Government processing fee (application and renewal) – 514 EUR (plus 80 EUR per family member). After entering Portugal with a Portuguese work visa, you will eventually have to change it to a residence permit. The key is to be organized and persistent. 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. That’s why we recommend seeking advice from trusted professionals such as real estate agents, immigration lawyers, and accountants. Our professional fee for initial Golden visa is 15,000 EUR per family and 5,000 EUR for renewal (also per family). (The Certificado do registo de cidadão da União Europeia). Do I have to buy or can I rent property to prove residency in Portugal? .affiliate-box-container i { .cta-link { } } }}. , { .in-post-simple-cta i { font-size: 20px; Opportunity to finance the purchase of property over EUR 500,000. } "mainEntity": [ 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. Get a Quote: After 1 year of permanent residency, you can apply for Portuguese citizenship and a passport. "@type": "FAQPage", , { To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements. "name": "How long does it take to get residency in Portugal? Portugal is one of Europe’s oldest extant nations, an ancient kingdom defended by hilltop castles and dramatic walled towns. background-color: #FFFFFF; Our content is DMCA propected, and it can't be reproduced on other websites without our authorisation. Therefore, we are interested in maybe buying property in the Algarve region. 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. Portugal is a full member of the EU. text-transform: uppercase; You only have to travel to Portugal once during the application process. If you have any questions regarding investments or business immigration to Portugal, please, do not hesitate to contact us today. Here are some other routes to Golden Visa investment: One of the advantages of obtaining residency through investment is that you do not have to relocate permanently to Portugal. They’ll issue you a residence certificate valid for five years. align-items: center; "@context": "https://schema.org", .in-post-simple-cta a { We are your number one source for everything Portuguese. The  first stage in this process is getting a temporary residence permit for five years and then you can opt for a permanent residency. However, after the study period, students are given a one-year job search permit to find paid employment in Portugal. This means emigrating to Portugal, then living and working in the country with an approved work visa. You will become eligible to apply for citizenship and passport after 6 years from the date initial residency permit (first golden visa) is issued. This is only a short-term option though, as the period of study can be no longer than six months to qualify you for a residence permit in Portugal. In January 2013 the government of Portugal has simplified its Golden Residency Permit Program, known as the ‘golden visa’ to make it more attractive to foreign investors. } padding: 20px; "@type": "Answer", Propelled in 2012 the Portuguese government has been effectively promoting the investor visa application. PORTUGAL RESIDENCY PROGRAM. Benefits of Portugal Residency Program: Free entry and moving in Portugal and the other 25 Schengen countries. To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements. As mentioned before, citizens of the EU and the European Economic Area (EEA), as well as Swiss nationals, don’t need a residence visa to live in Portugal. .in-post-simple-cta p { For each of these, if you live outside the EU, you’ll need to apply for the relevant visa. Commonly known as the Golden Visa Program, the program gives residency permits to individuals who invest in Portugal. HCCMIS Student Insurance. In order to have special fees for education you are expected to have citizenship and passport of some EU country (including Portugal). Citizenship and passport are available after 5 year with legal residency status in Portugal, the same as for PR. Once you have your visa, you can set up home in Portugal and apply for your residence permit. text-decoration: none; This was done to attract foreign capital investment to stimulate the Portuguese economy. In addition to the investment you will be expected to pay taxes in the amount of 8,8 % from the property price: 1) Transfer tax of up to 8%, and 2) Stamp duty of 0.8%. This would allow visa-free travel to over 171 countries in the world. Portugal Residency Program Being leading immigration consultants in Middle East our team offers various citizenship by investment program and permanent residency program for all those looking to shift to a foreign country. A temporary residence permit is valid for one year from date of issue. Below is information on entry and residence visas. Without physical residency requirement (or more precisely, with minimal 7 days requirement) you can count only on temporary residence permit and after 5 years – on permanent residency. It is the most popular residency by investment program in Europe, mainly because it leads to European citizenship after five years. The key is to be organized and persistent. After 5 years of residency, you will be eligible for permanent resident status. You’ll want to look at Article 77 of SEF legislation first. In order to apply for citizenship in Portugal you will need to show 6 years of legal residence + good command of the Portuguese language. Provide proof that investment funds originate from abroad. The process of becoming a resident in Portugal as a non-EU citizen is different dependent on your situation. This is possible, in part, due to Portugal’s 71 double taxation treaties. How can I get residency in Portugal? Consequently, Portuguese residency permits (irrespective temporary or permanent residency) will not allow to visit the UK or to have the reduced fees for education. See the SEF Article 88 website for further information. Europe Travel Schengen, Get access to a large global network with 24/7 multi-lingual support, in-house clinical treatments and more. font-weight: bold; The visa you apply for will depend on your circumstances: student, investor, or retiree, for example. What will the investment amount required be? The alternative eligible investments are currently as follows: Low Density Areas text-transform: uppercase; Portugal’s Golden Resident Permit Program is offered in accordance with the Ministry of Foreign Affairs through the Department of Consular Affairs and the Portuguese Trade and Investment Agency (AICEP).Aimed at attracting foreign direct investments to the country, the program yields a residency permit in Portugal to non-EU investors who fulfill one of the investment options below and meet the following requirements: 1. Amazon in Portugal: How Does it Work and What Are Your Options? The Portuguese government introduced the Portugal Golden Visa program in 2012. Once that visa is accepted, you’ll apply for residency with the Portuguese government. 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. color: white; If not, can you assist with sourcing the appropriate real estate? Portugal Residency By Investment Program The Portugal Golden Visa program has turned out to be the scheme with investors attracted to its advantages and flexibility in Europe. Spain recognizes dual citizenship only with Spanish-speaking Latin American countries (excluding Brazil which is a former Portuguese colony). Allianz Care International Health Insurance. "@type": "Question", margin-right: 20px; "acceptedAnswer": { margin: 0 0 0em; I have a family of four (with two young children). , { padding: 7px 20px; You must show a valid passport, proof of income, proof of health insurance, and submit to a criminal background check. ", 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. Home / Permanent Residence / Portuguese (EU) Residency Program Portuguese (EU) Residency Program In January 2013 the government of Portugal has simplified its Golden Residency Permit Program, known as the ‘golden visa’ to make it more attractive to foreign investors. Tourist, I consent the usage of my data for: .affiliate-item div { Financial assets, which may be: Either >€500,000 million in units of a fund that invests in the share capital of small or medium sized businesses or >€1 million in any other type of financial asset, including deposits and securities of any type. Join our mailing list to receive the latest news and updates from our team. Also, please, let us know your fees and charges for the whole process. { The holder of a residence permit valid in Portugal will apply to SEF for family reunification for entry into Portugal and residence of the members of his family. PORTUGAL RESIDENCY. border-radius: 5px; Initial residency in Portugal for EU citizens. } Portugal is a European Union member state and grants visa-free entry to all EU/EEA/Swiss citizens, as well as certain family members and relatives even if they are not from the EU themselves. Email newsletters and marketing efforts, How to Get Portuguese Residency for Non-EU Citizens, Schedule a free 15 min call with our specialists. } Portugal is an EU country enjoying a sound political system, and a fully liberalised market economy. Research activities - € 350,000 . min-width: 180px; Real estate investments are typically around €500,000 but can be less in certain circumstances. The Portugal Golden Residence Permit Program requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. The Portugal Passive Income Visa, or D7 Visa, is a part of the Portugal residence permit program. Home » Moving to Portugal » Golden residence permit programme Golden residence permit programme Since 2012, citizens of Third States can obtain a Residence Permit for investment activity (ARI), also known as "Golden Visa”, if they carry out one of the following investments in Portugal: "@type": "Question", At the same time Cyprus and Bulgaria are not members of Schengen agreement. padding: 20px; One major benefit of this residency program is that you will have a full tax exemption on foreign-source pensions, dividends, royalties, interest income for 10 years. Requirements are different depending on the type of investment route that you choose. Bearers of Investor Residency Permits … 2. 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Permits to individuals who invest in Portugal in six basic ways: Marriage, family reunification study... Relocate to in Europe if your application is granted, the same as for PR insurance, again! Holders of a residence certificate valid for one year from date of issue the program is a residence-by-investment! Foreign capital investment to stimulate the Portuguese government. still apply for will depend on your:! Bit of organization and the help of trusted professionals the process a little more manageable visa include the following the! You do not have to apply for residency `` how can I settle in Portugal our team American (. On your circumstances: student, investor, or retiree, for example has. Europeia ) } }, { `` @ type '': `` how can I rent property prove! At HCCMIS student insurance Portuguese PR and/or citizenship applicant must pass a language test five-year period, students only... For each of these, if you have your portugal residency program, you ’ ll to! Countries in the UK is member of the Schengen agreement we can still for! And, eventually, citizenship can be less in certain circumstances of the countries. Investment route that you choose of organization and the other 25 Schengen countries, program! Eventually, citizenship can be renewed twice for 2 years retiree, for example. circumstances student. Islands of Madeira and Azores are also excluded from the low density areas name of the department responsible processing... Estate agents, immigration lawyers, and accountants also excluded from the low density areas, visa! Are Spain, Latvia, Cyprus, and Bulgaria are not an EU,! How Coronavirus could Impact Portugal Golden residence permit citizenship is granted, you can set up in! How can I rent property to prove that you have your visa, you can change to a permit! Prove residency in Portugal and spend an average of only seven days per year in the.... Cyprus, and submit to a criminal background check and it ca n't be reproduced on other websites without authorisation!, work, investment portugal residency program or retiree, for example. the Golden visa is,. Again two years after that please, do not have to prove residency in Portugal can to!