Tax Incentives & Visas - Laranjeiras Architect Villas Algarve

Portuguese Tax Incentives
and Resident Visas

Times are changing here in Portugal, with adjustments to the Golden Visa programme and the planned phasing out of NHR, but there are still plenty of opportunities for residency applications.

EUROPEAN UNION NATIONALS

Naturally, anyone with a European passport or EEA/Swiss nationals can easily arrive in Portugal by showing their EU identity cards. While European citizens can freely move to Portugal, those wishing to stay longer than three months must request a registration certificate. After five years of living in Portugal, European citizens can also obtain permanent residency.

NON-EUROPEAN CITIZENS

The UK, USA, Canada, Australia and New Zealand all have international agreements with Portugal, meaning nationals can enter and stay in Portugal for 90 days within a six-month period without needing a visa. Non-EU/non-EEA/non-EFTA nationals wishing to stay longer than three months must apply for a long-term visa or Portuguese residency. If your aim is to acquire long-term residency in Portugal as a non-EU citizen, you'll be pleased to know there are several Portugal visa programs on offer, which we detail below:

D8 ‘DIGITAL NOMAD’ VISA

The Digital Nomad Visa was launched in October 2022 and allows remote workers to live and work in Portugal, for a set period of time, provided that the entities they work for/provide services to are based outside Portugal. With a Digital Nomad Visa, remote workers can apply for either a residency permit that can be extended for up to five years or a temporary stay visa that has a maximum validity of one year. To qualify, you will need to make four times Portugal's minimum wage.

GOLDEN VISA

Portugal’s Golden Visa Residency Programme was launched in 2012, to offer investors from non-EU countries a fast-track route to a residency permit and eventual passport for Portugal. This permit extends to dependent children and parents, and allows the investor and family to enter and/or live in Portugal, and to travel freely within the majority of European countries (Schengen Area). As of October 2023, Golden Visa applications through real estate investment are no longer accepted. However, there are still investment routes that qualify for residence permits under the Golden Visa regime:

1. Capital transfer of €500,000 to establish a new company in national territory, with the creation of min 5 permanent jobs
2. Capital transfer of €500,000 to acquire shares (in full or part) of an existing company in national territory, with the creation of 5 permanent jobs or the maintenance of at least 10 jobs
3. Capital transfer of €500,000 for the acquisition of shares in a non-real estate collective investment fund
4. Capital transfer of €500,000 for scientific/technological research programmes
5. Capital transfer of €250,000 to support or invest in artistic production or the maintenance of national cultural heritage.
6. Capital transfer of €250,000 to create 10 workstations.

There are also other more targeted visa options if you are undertaking employment or considering starting a business in Portugal:

• D2 Entrepreneurship/Start-up Visa, for those seeking to establish their business in Portugal • D3 Work visa for highly qualified employees, for those with specific skills that meet the requirements set out by the Portuguese government.

NON HABITUAL RESIDENCY

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The information contained in this website is purely indicative and may be subject to change without prior notice for technical, commercial or legal reasons.