Moving to Portugal can be a good opportunity for expats. With its landscapes and welcoming people, it’s no wonder that many choose to make Portugal their new home. But first, you’ll need to navigate the different types of visas available.
Here, Albert Ioffe, Legal and Compliance Officer at Immigrant Invest, will guide you through the main Portugal visa types, Portugal residence permit by investment, and help you decide which is the best option for you.
Portugal Visa Types Overview
Portugal offers several visa options for remote workers, financially independent persons, investors and other categories of applicants. Each visa caters to different needs and circumstances.
Popular visa types include:
- the Golden Visa;
- the D7 Visa;
- the Digital Nomad Visa.
Each type of Portugal visa has their own conditions and requirements during the obtaining process.
Golden Visa is ideal for those who can make a significant investment in Portugal. It offers residency benefits and a path to citizenship. It’s popular among those who can afford business investments or purchase investment fund units.
The D7 Visa is perfect for retirees and those with a stable passive income. It allows for long-term residency without the need for substantial investments. This is a great option for individuals looking to enjoy their retirement in Portugal.
Digital Nomad Visa is tailored for remote workers. This visa allows digital nomads to live in Portugal while working for companies abroad. It’s an excellent choice for those who can work from anywhere and want to experience life in Portugal.
This is not an exhaustive list of visas to Portugal. Other popular ways to move to the country legally are: visas for employment and study, family reunification, startup visa.
5 Benefits of Living in Portugal as an Expat
1. Access to the Schengen Area. Portugal RP grants you access to the Schengen Area, allowing for easy travel across 29 European countries. This is a significant advantage for those who travel a lot to explore new countries or on business.
2. Comfortable weather. Portugal boasts a mild climate with 300 days of sunshine per year, making it a great place to live year-round. The weather is particularly appealing to those from colder climates.
3. Affordable cost of living. Compared to many Western European countries, Portugal offers a lower cost of living. Housing, food, education and other services are reasonably priced, making it a budget-friendly destination.
4. High quality of life. With its developed healthcare system, safe environment and friendly locals, Portugal ranks high in quality of life. Expats can enjoy a relaxed and fulfilling lifestyle here.
5. Diverse culture and history. Portugal’s culture has a strong historical background. Whether you’re interested in music, festivals, or exploring historic sites and museums, there’s plenty to discover.
Portugal Golden Visa
This visa is aimed at those who can make substantial financial contributions.
Investment requirements. The Golden Visa requires a significant investment in Portugal’s economy, for example:
- investing in research and culture of at least €250,000;
- purchasing a fund unit worth at least €500,000.
Benefits. The Golden Visa grants residency rights and can lead to citizenship after five years. It also allows for family reunification, making it a popular choice for investors with spouses, children and parents.
Besides residency, the Golden Visa provides access to the Portuguese healthcare and education systems. It’s an attractive option for those looking to invest and settle in Portugal.
Application process. The application process for the Golden Visa involves several steps, such as:
- Making the qualifying investment of minimum $250,000.
- Gathering all required documents, including proof of investment, passport, and criminal record certificate.
- Submitting your application to the AIMA, Agency for Integration, Migrations and Asylum of Portugal.
Once approved, you’ll receive a residence permit, which needs to be renewed periodically.
Portugal D7 Visa
Eligibility criteria. The D7 Visa is designed for retirees and those with a steady passive income of at least €820 per month.
To qualify, you must demonstrate sufficient funds to support yourself in Portugal. This could be income from:
- pensions,
- rentals,
- dividends,
- other sources.
Benefits. This visa offers long-term residency without the need for large investments. It’s perfect for retirees and other individuals with passive income who want to live in Portugal without intention to work.
The D7 Visa also allows for family reunification, enabling your spouse, children and parents to join you in Portugal. This makes it an ideal option for families seeking a new home.
Application process. Applying for the D7 Visa involves:
- Providing proof of income.
- Accommodation in Portugal.
- Obtaining health insurance.
You also need a clean criminal record. Once you have all documents ready, submit your application to the Portuguese consulate in your home country. After approval, you can enter Portugal and apply for a residence permit.
Portugal Digital Nomad Visa
Eligibility criteria. The Digital Nomad Visa was designed for remote workers who wish to live in Portugal while working for foreign companies. This visa is excellent for those who can work from anywhere in the world and has a stable income of €3,280 per month.
Benefits. Portugal offers digital nomads a variety of coworking spaces, friendly communities, and plenty of activities. It’s an ideal location for remote workers looking for a change of scenery.
As a digital nomad in Portugal, you have the flexibility to work from various beautiful locations, from Lisbon’s bustling city life to the serene beaches of the Algarve. Portugal also has a growing community of digital nomads, providing networking opportunities and social events.
Application process. To apply, you need to show proof of:
- employment or freelance contracts;
- sufficient income;
- place to stay in Portugal.
Conclusion
Selecting the best visa depends on your individual circumstances, such as your financial situation, employment status, and long-term goals. Whether it’s the investment-focused Golden Visa, the retiree-friendly D7 Visa, or the flexible Digital Nomad Visa, there’s an option for everyone.
Portugal’s diverse visa options make it accessible for various expat needs. Evaluate your situation, choose the best visa, and start your new life in Portugal.
