Our experienced team excels in streamlining the process of moving to Portugal, guiding individuals and families through the intricacies of obtaining a Portuguese residence permit. We provide extensive, customized support at each phase of the journey, ensuring a seamless transition to your new life in Portugal.
Advantages of Residence Permit in Portugal
High Quality of Life
Portugal, known for its warm climate and rich cultural heritage, ranks highly in global quality of life indices. It offers a balanced lifestyle in cities like Lisbon and Porto and scenic regions such as the Algarve.
Pathway to EU Residency and Citizenship
Legal residents can apply for permanent residency after five years and citizenship after six years, which includes the benefits of EU citizenship like freedom of movement within the EU.
Schengen Area Access
A Portuguese residence permit allows for visa-free travel within the 26 countries of the Schengen Zone for up to 90 days in any 180-day period.
Portugal's growing economy offers opportunities in tourism, tech startups, and green energy. Lisbon, often dubbed as a startup hub, presents a dynamic environment for entrepreneurs.
Healthcare and Education
Portugal's healthcare system is highly regarded, with public healthcare expenditure around 9% of its GDP. Education options include a variety of public, private, and international schools, offering high-quality education standards.
Non-Habitual Resident (NHR) Tax Regime
Residents in Portugal are eligible for a distinctive tax status known as the Non-habitual Resident (NHR). This status grants them the privilege of being exempt from paying taxes on foreign-sourced income while in Portugal.
Portugal, a captivating European country, offers a blend of ancient history and modern living. Its population of about 10 million enjoys a diverse cultural tapestry, influenced by various civilizations over centuries. Portugal's GDP per capita stood at $23,024 in 2023, reflecting a stable and growing economy.
An Overview of Portugal
As a member of the European Union and the Eurozone, Portugal enjoys a strategic geographic position with extensive coastline, making it a gateway to Africa and the Americas. Its economy, growing at an average rate of 1.5% annually, is supported by sectors like tourism, agriculture, and technology.
Living in Portugal
Non-EU citizens looking to reside in Portugal can choose from several visa options. The Golden Visa, for instance, requires a minimum investment of €500,000 in real estate. For retirees and remote workers, the D7 Visa requires proof of a stable passive income of at least €9,120 per year. The Tech Visa targets skilled tech professionals and streamlines their entry into Portugal's burgeoning tech sector.
Engaging in Business Activities in Portugal
Portugal’s business-friendly environment is evidenced by its rank of 39th in the World Bank's Ease of Doing Business Index (2023). The country offers various incentives, including a corporate tax rate that can be as low as 17% for small and medium-sized enterprises. The startup scene in Lisbon and Porto is particularly vibrant, with a 20% increase in startup registrations in the past year.
Political Environment in Portugal
Portugal’s political stability is a cornerstone of its appeal to foreign investors and expatriates. Its parliamentary republic system ensures a balance of power and democratic governance. The country has maintained political stability, with no major upheavals or shifts in the political landscape in recent decades.
Legal Framework in Portugal
Portugal's legal system is transparent and aligned with EU regulations, offering security for foreign nationals and investors. Property rights are strongly protected, and recent legal reforms have simplified processes like residency applications and business registrations. The country has also implemented favorable tax regimes, like the Non-Habitual Resident program, offering tax exemptions on certain foreign incomes for a period of ten years.
Living in Portugal comes with numerous advantages. It ranks 7th in the Global Peace Index (2023), reflecting its high safety standards. Healthcare quality is ranked among the top 15 in Europe, and the education system offers numerous international schools. The cost of living in Portugal is approximately 30% lower than in other Western European countries, making it an attractive destination for expatriates and retirees.
Frequently Asked Questions
What are the Types of Residence Permits Available in Portugal?
Portugal offers various residence permits, including the Golden Visa, D7 Visa (Passive Income Visa), Digital Nomad Visa, and Startup Visa. Each caters to different needs, like investment, retirement, remote work, or entrepreneurship, providing flexibility for non-EU citizens seeking residency in Portugal.