Portugal is an attractive destination for many foreigners seeking to live, work, or invest in Europe. The country offers several pathways to obtaining a residence permit, each suited to different needs and goals. Whether you’re a professional, entrepreneur, investor, or digital nomad, there are options available for long-term residence.
Zlata Erlach, Head of the Austrian office, Caribbean Investment Programs Expert at Immigrant Invest, covers all the possible ways to get a residence permit in Portugal, highlighting the benefits in Portugal and details of each path.
9 Benefits of Portugal Residence Permit
Having a Portugal residence visa brings several advantages. These benefits make Portugal an appealing choice for foreigners. Here are the key advantages:
- Access to the Schengen Area. Portugal is part of the Schengen Area, allowing free movement between 29 European countries.
- Healthcare. Portugal offers a public healthcare system that residents can access, along with private healthcare options.
- High Quality of Life. Portugal is known for its high quality of life, with great weather, beautiful landscapes, and a relaxed lifestyle.
- EU Citizenship. After five years of residence, you can apply for Portuguese citizenship, gaining full rights within the EU.
- Business Opportunities. Portugal’s growing economy offers many opportunities for business and investment.
- Education. Portugal offers free education for residents, including access to universities with international recognition.
- Safety. Portugal is one of the safest countries in Europe, with low crime rates.
- Work Flexibility. Residents can work freely in Portugal, whether employed or self-employed.
- Retirement Options. Portugal is a popular destination for retirees due to its affordable cost of living and pleasant climate.
Portugal Golden Visa
The Portugal Golden Visa is one of the most popular options for obtaining residence. It is aimed at investors willing to make a significant financial contribution to the country. The main benefit of this visa is that it provides a quick and easy route to permanent residence and eventually citizenship.
Applicants must make a qualifying investment, such as:
- investing a minimum of €500,000 in investment funds;
- contributing €250,000 to cultural or heritage preservation;
- investing at least €500,000 in scientific research;
- business investments of €500,000, creating at least 5 jobs;
- opening a company and creating at least 10 jobs.
The Golden Visa allows holders to live and work in Portugal while maintaining their primary residence in another country. After five years of residency, you can apply for permanent residency or citizenship, provided you meet the necessary conditions.
Portugal D7 Visa
The Portugal D7 Visa is ideal for those who want to live in Portugal without working in the country. This visa is designed for retirees, passive income earners, or those with sufficient savings. It is also suitable for people with a steady income from sources like pensions, dividends, or rental income.
To apply for the D7 Visa, applicants must:
- prove that they have a stable income of at least the Portuguese minimum wage of around €870 per month for an individual;
- show sufficient funds to support themselves and their family members for the first year in Portugal;
- have a valid health insurance policy.
The D7 visa gives the holder the right to reside in Portugal, and after five years, they can apply for permanent residency or citizenship.
What is Portugal Residence for Digital Nomads
The Portugal Digital Nomad Visa caters to remote workers who want to live in Portugal while working for foreign companies. The country’s relaxed tax policies and vibrant expat community make it an attractive option for digital nomads.
To qualify for the Digital Nomad Visa, applicants must:
- prove that they are employed by a foreign company or are self-employed with remote work;
- show that they earn at least €3,480;
- provide proof of accommodation in Portugal.
The Digital Nomad Visa grants residence for one year and can be renewed. After five years, the holder can apply for permanent residence or citizenship.
Things to Know Before Relocation to Portugal
Before immigration to Portugal, there are several things you should be aware of to make your transition smoother. Here are some essential factors to consider.
Language. While many people in Portugal speak English, particularly in urban areas, learning Portuguese is useful for integration.
Cost of Living. Portugal offers an affordable cost of living compared to other Western European countries, but it can vary by location. Lisbon and Porto are more expensive than smaller towns.
Taxes. Understand the tax obligations in Portugal, especially if you plan to work or start a business. Portugal has several tax advantages for new residents, but it’s important to get advice from a local tax expert.
Healthcare. Portugal’s public healthcare system is available to residents, but you may want to consider private insurance for additional coverage.
Education. If you have children, research the education system in Portugal. The country has both public and private schools, with international schools available in major cities.
Cultural Adaptation. Portugal has a unique culture, and adjusting to the slower pace of life can take time. Embrace local traditions and enjoy the Portuguese way of life.
Conclusion
There are several ways to obtain a residence permit in Portugal, each catering to different needs and circumstances. Whether you are an investor, retiree, digital nomad, or someone with passive income, there is a suitable visa or permit for you. The Portugal Golden Visa and D7 Visa are particularly popular, but the Digital Nomad Visa is an excellent choice for remote workers.