From renowned beaches and resorts to bucolic villages and dynamic cities, Portugal attracts droves of UK expats in search of a better life. There are a number of Portugal residency schemes available and attractive tax benefits for anyone moving to Portugal from UK.
The country offers a range of Tax Benefits to British expats looking to obtain a residency Visa to retire in Portugal.
Yes, the Portuguese Golden Visa (Autorização de Residência para Investimento [ARI] ) offers residency through investment for expats in Portugal, typically real estate.
You must purchase real estate valued at €500,000 or above, or €400,000 if the property is in a low-density area. Please be aware that properties in Lisbon, Porto and parts of the Algarve are excluded from this scheme.
Holders of a Golden Visa (commonly referred to as a Portugal Schengen Visa) can apply for permanent residency and later citizenship after five years in Portugal. It’s particularly suited to those who travel frequently or spend long periods of time in the UK as the Golden Visa requires just seven days of residency in Portugal in the first year, and 14 days in the following successive two-year periods.
A D7 or Passive Income Visa is designed for those who can show they receive a passive income from sources such as pensions, investments and rental properties. It can also be used for those working remotely, depending on the approval of employers. The Portugal D7 Visa gives you leave to remain in Portugal for four months, and then the ability to obtain a residence permit for one year. The permit can be renewed every two years, and after five years permanent residency can be achieved.
The D2 Visa in Portugal is designed for independent professionals, freelancers and entrepreneurs. You need to establish a company (for example a limited liability company or sole proprietorship) in the country, alongside a business plan and proof of financial assets to fund the venture.
Speak directly to an expert serving Expats in Portugal about your residency requirements and need for Visas in Portugal.
Please contact us on Tel: +44 207 998 0570 or email enquiries@fwm.gi