You will need the following documents to start the application process: US citizensĪlthough applying for residency in Portugal as a US citizen is relatively uncomplicated, it can take some time, and you must ensure you have the correct paperwork. For more in-depth information, read our guide on Portugal’s D7 Visa. After two years, you can renew your D7 Visa for another three years, after which you can apply for permanent residency in Portugal. Passive income sources include pension funds, dividends, intellectual property, royalties, or other investments. To qualify, you must make a passive income of at least €9,120 per year. Making a sizeable monetary investment is only possible for some people, so the D7 Visa is an excellent alternative for non-EU, non-EEA, and non-Swiss citizens. Read the Portugal Golden Visa Ending for more up-to-date information. It’s important to note that the Portuguese government has announced that the Portugal Golden Visa Program is ending, so we recommend applying as soon as possible. The Portugal Golden Visa permits you to stay in the country for up to five years, after which you can apply for permanent residence. If the commercial or residential property is located in a designated ‘low-density’ area, then a 20 percent discount applies. A contribution to scientific research (from €500,000).A minimum investment of €250,000 in s upport of the arts or reconstruction of national heritage (€200,000 if it is located in a low-density area).Investment funds or a capital transfer (from €500,000).Commercial real estate investment anywhere in the country of €500,000 or a minimum investment of €350,000 if investing in a rehabilitation project.Residential real estate investment in a designated internal area of €500,000 or €350,000 if investing in a rehabilitation project.The following minimum investment rules apply when investing for the Portugal Golden Visa: Common investments are in residential real estate or commercial ventures in designated interior areas in Portugal. To qualify for the Portugal Golden Visa, you must make an investment. The most common visas for retirees are the Portugal Golden Visa Program or the D7 Visa (also known as the Passive Income Visa or Retirement Visa). A permanent residence permit also opens up the door to applying for Portuguese citizenship. After five years of residency, you can apply for a permanent residence permit. You are usually granted a temporary residence permit.
Applicants must provide a valid passport, proof of income, proof of health insurance, and a criminal record check.Ī range of residence permits are available. This can be done at a Portuguese Consular office or Portuguese Embassy.
To retire as a non-EU citizen in Portugal, you must apply for a residence permit per the country’s retirement residency law. You can get a CRUE at your local City Council. You can stay in Portugal for up to three months as a tourist, after three months, you must apply for a Certificate of Residency known as a Certificado do Registo de Cidadão da União Europeia or CRUE. If you’d like to retire in Portugal as a European Union (EU) citizen, it’s relatively straightforward. Who can retire in Portugal? Visas and Residence Permitsĭepending on where you’re originally from, you might need a visa and specific documents to reside in Portugal. With the country’s warm climate, delicious cuisine, and friendly people to boot, it’s no surprise that Portugal is considered an excellent retirement destination. The country boasts a relatively low cost of living compared to other Western European countries, the healthcare system is considered one of the best in Europe, and the country is very safe and peaceful. Many factors make Portugal a popular retirement destination. In fact, Portugal was recognized as the best place in the world to retire by the Annual Global Retirement Index 2023. Many people decide to retire in Portugal.
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