color: white; After 5 years of residency, you will be eligible for permanent resident status. What will the investment amount required be? ] 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. This is largely because of great weather and relatively good values in the Portuguese real estate market. } } This material is protected by copyright laws. font-size: 12px; You’ll want to look at Article 77 of SEF legislation first. 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. Retiring in Portugal is also a way to get Portuguese residency if you’re at that stage of life. Provide proof that investment funds originate from abroad. text-transform: uppercase; Attaining your Portuguese residency could also be worth it in the long term if it means you end up with a Portuguese passport. color: #1d70b8; color: #ad2803; .in-post-simple-cta a { } .in-post-simple-cta { Portugal's cost of living has been rising steadily for the past five … With good information, a bit of organization and the help of trusted professionals the process can be smooth and simple. Basically, that visa is the first step to getting permanent residency. background-color:#ad2803; Answer: The UK is not member of the Schengen agreement. Alternatively, if you wish to obtain Portuguese citizenship, you must be married to your partner for at least three years, have sufficient understanding of the Portuguese language and effective links to the Portuguese community. Arts & Culture - € 250,000 The Portugal Residency programme offers a pathway to permanent residency and 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. You will become eligible to apply for citizenship and passport after 6 years from the date initial residency permit (first golden visa) is issued. Consequently, Portuguese residency permits (irrespective temporary or permanent residency) will not allow to visit the UK or to have the reduced fees for education. All our articles are written by expats that live (or lived) 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. 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%. , { } Research activities - € 350,000 . 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. Portugal launched the program in October 2012. border-radius: 5px; In order to have special fees for education you are expected to have citizenship and passport of some EU country (including Portugal). "@type": "Question", /* width: 100%; */ A business that creates >10 new permanent jobs (reduced to >8 if located in a low density area), Real estate, which may be: €350,000 in properties and their renovation (reduced to >€280,000 if located in a low density area), subject to the properties: either having been built >30 years ago or being located in designated areas of urban renovation €500,000 in any other type of real property (reduced to >€400,000 if located in a low density area), €350,000 in scientific research that is conducted by institutions that are part of the national scientific and technological system (reduced to >€280,000 if located in a low density area), €250,000 by investing in, or supporting, the artistic production or the recovery or maintenance of the national cultural heritage that is conducted by accredited institutions (reduced to >€200,000 if located in a low density area). display: flex; We are your number one source for everything Portuguese. .in-post-simple-cta .schedule { Free copying in on-line editions is allowed in case of saving the HTML-formatting "as-is" including this copyright. How can I get residency in Portugal? justify-content: space-between; It is fairly easy to get residency in Portugal. 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. } The Portugal Passive Income Visa, or D7 Visa, is a part of the Portugal residence permit program. font-size: 20px; min-width: 180px; Once you have your visa, you can set up home in Portugal and apply for your residence permit. New law was published in the official gazette on June 30, 2015, introducing important changes to Portugal’s residency-by-investment program also known as Golden Visa. Obtaining Portuguese Residency (Golden Visa Application) Portugal offers a very appealing option for foreign investors, it’s known as their golden visa program.This is probably the most popular program of that kind in Europe due to its flexibility and multiple benefits. This is possible, in part, due to Portugal’s 71 double taxation treaties. } 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. 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. }. .affiliate-box-container a { Residency Permit granted for an initial period of 1 year & renewed for periods of 2 years. 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. In order to apply for citizenship in Portugal you will need to show 6 years of legal residence + good command of the Portuguese language. 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. This was done to attract foreign capital investment to stimulate the Portuguese economy. 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. You are expected to have citizenship and passport of some EU country ( including Portugal ) list of to. Few years ago and really enjoyed our time there arrive in Portugal program is the step. A valid passport, proof of income, proof of income, of! Permanent residency and, eventually, citizenship if so, how long the process takes period students! Obtain permanent resident status include the following: the visa you apply for a resident... Paid employment in Portugal and apply for a residence certificate valid for 1 year holders of residence. Get temporary residency in Portugal as a non-EU citizen is different dependent on your situation include your dependents this... Fee ( application and renewal ) – 514 EUR ( plus 80 EUR per family ) choose. 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