Golden Visa

The Golden Visa (simplistically) provides an opportunity of gaining permanent residency and Portuguese citizenship but alleviates the need to spend a substantial time in Portugal. If you want an 'EU' passport but are still working in another country this is ideal.

Advantages:

  • Period of time (that you must be in Portugal) is only an average of 7 days per year. You can spend more time if you wish 
  • Due to this tax residency is unaffected and remains in domicile country

Disadvantages:

  • Cost of application and renewals (€10k-15k per person) 
  • Initial investment into assets (€350k+) 
  • Various paperwork necessary to proceed (criminal record) and biometric test


D7 Visa 

If you have a regular source of income and want to effectively live in Portugal and change your tax regime to Portugal, then the D7 would be the visa for you. 

Advantages:

  • No need to purchase a property
  • Low costs 
  • Less expensive to re-group the wife/husband and family then the Golden Visa
  • Can be used alongside the Non Habitual Residency scheme

Disadvantages:

  • Need to have a minimum threshold of income per month (typically minimum €800pm) 
  • Requires you to live in Portugal for the majority of the year
  • Requires you to be a tax resident in Portugal


D2 Visa

For clients who are looking at starting a business in Portugal.

Advantages:

  • If you don't have a stable income then this is an option. 
  • The size of investment is less compared with other European Business visas. 
  • Less expensive to re-group the wife/husband and family then the Golden Visa
  • Can be used alongside the Non Habitual Residency scheme

Disadvantages:

  • The challenge of running a new business 
  • Generally accepted norm as an investment is €5000
  • Requires you to be tax resident in Portugal
  • Probably requires you to live in Portugal for the majority of the year


Tourist Entry - UK to EU

Following the Brexit agreement UK nationals can stay in Portugal (and the Schengen area) for any 90-day period within a 180-day rolling period.

Advantages:

  • Convenient and no additional costs
  • Flexible periods of time within the threshold - come and go as you wish
  • The 180-day period is not fixed. It is a moving window, based on always looking backwards

Disadvantages:

  • May not be suitable for clients wanting to spend longer than 90 days each year
  • If there are multiple visits then you need to ensure you don't exceed the thresholds
  • May need to keep records of the entry and exit points

 

OliveHomes.com are here to help and guide you. Should you require any of the above visas then please speak to us and we can help with your application. For more information on the Golden Visa please click here. For more information on the Non Habitual Residency scheme please click here

 

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