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Residency by investment
Portugal has one of the most successful residency-by-investment schemes in Europe. Commonly known as the Golden Visa Program, the program gives residency permits to individuals who invest in Portugal.
There are a number of different ways to make Golden Visa investments, although the most popular method is through real estate. Requirements are different depending on the type of investment route that you choose. Real estate investments are typically around €500,000 but can be less in certain circumstances.
Here are some other routes to Golden Visa investment:
€350,000 in scientific research
€250,000 in Portuguese arts and culture
€250,000 into the creation of a business that employs at least 10 people
€500,000 in a small to medium enterprise (SME) in Portugal
One of the advantages of obtaining residency through investment is that you do not have to relocate permanently to Portugal. As a Golden Visa holder, you have fairly relaxed residency requirements – especially as compared to other EU countries.
Residency by work
One route to Portuguese residency is through employment. This means emigrating to Portugal, then living and working in the country with an approved work visa.
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.
These countries include:
US
Canada
Australia
New Zealand
Japan
Israel
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.
After entering Portugal with a Portuguese work visa, you will eventually have to change it to a residence permit.
The usual requirements for this visa include the following:
a valid passport
proof of income
proof of health insurance
a criminal background check
The visa process takes at least a month. To get the residence permit you will have to prove that you have a monthly regular income of at least €1,070.
It is also possible to include your dependents in this kind of application for residency.
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.
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.
Some of the common places people choose to retire to in Portugal are:
The Algarve
Cascais
Coimbra
Residency by marriage
Marriage is another path to Portuguese residence. By marrying a citizen of Portugal, you can apply for residency and, eventually, citizenship.
The first stage in this process is getting a temporary residence permit for five years and then you can opt for a permanent residency. During this five-year period, it is not necessary to live continuously in the country.
Alternatively, if you wish to obtain Portuguese citizenship, you must be married to your partner for at least three years, have a sufficient understanding of the Portuguese language, and effective links to the Portuguese community.
For more details on what you need for this type of residency, see the Consulado Geral de Portugal website and the Diário da República Eletrónico (DRE) for the exact legal requirements (websites are in Portuguese).
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:
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