Relocation and Residency Service

Relocation and Residency Service in Portugal
by Giraffe Real Estate

Relocation and Residency Service:

The legal complications involved in relocating to Portugal can easily make an otherwise exciting and enjoyable time in your life incredibly frustrating and overly complicated. With Giraffe Real Estate and Relocation Services, you can avoid all of the hassles by handing over the legal responsibilities to our team of highly qualified immigration lawyers. We’ll help you understand the basics of the relocation process, the legal requirements involved, the documentation needed, and more. By the end of our consultation, you’ll have a clearer picture of the entire process.

The D2 Entrepreneur Visa is aimed at providing residence authorization to foreigners who want to open a business & incorporate a company in Portugal.
Whether you’re launching a startup, acquiring an existing business, or expanding your operations, this visa offers a pathway to residency.

Key Requirements:

  • Monthly income of EURO 820 or more.
  • Business plan submission
  • Company incorporation in Portugal

Stay Requirement:

  • 6 months per year

Benefits:

  • Visa-free travel within the entire Schengen Area
  • Family reunification
  • Substantial tax benefits of the NHR program
  • A pathway to Portuguese citizenship, after holding the residency for 5 years
  • Access to Portuguese education, healthcare and legal systems

The D7 Visa, also known as the Passive Income Visa, entitles you for residency in Portugal by presenting sustainable passive income sources.
This visa is ideal for retirees or individuals with consistent income from investments, pensions, or rentals.

Key requirements:

  • Passive income generated from savings, pension, investments, rental units, or any other form of income considered as passive, equal to EUR 15,000 or more yearly.

Stay Requirement:

  • 6 months per year

Benefits:

  • Freedom to live, work or study in Portugal
  • Family reunification
  • Visa-free travel within the entire Schengen Area
  • Option to freelance or launch a business in Portugal
  • Substantial tax benefits of the NHR program
  • Citizenship eligibility after five years of residency
  • Access to Portuguese education, healthcare and legal systems

Digital nomad visa allows remote workers and freelancers to reside in the country, and after holding the residency for 5 years they can apply for permanent residency or citizenship.

Key requirements:

  • EURO 3050 monthly income for the last 6 months Remote work backed by a contract or freelancer

Stay Requirement:

  • 6 months per year

Benefits:

  • Visa-free travel within the entire Schengen Area
  • Option to freelance or launch a business in Portugal
  • Substantial tax benefits of the NHR program
  • Citizenship eligibility after five years of residency
  • Access to Portuguese education, healthcare and legal systems

Golden Visa Investment funds is a residence obtained in exchange for investing in the country´s economy.
The investment should be a minimum of EURO 500,000 in investments funds units, with a holding period of at least 5 years.

Stay Requirement:

  • 7 days per year while you are a resident

Investment Options:

  • Minimum Investment: To qualify for the golden visa, you’ll need to have invested €500,000 in funds.
  • Fund Choices: There’s a wide range of funds to choose from, covering various sectors like technology, agriculture, healthcare, renewable energy, and more.
  • Eligible Funds: The fund needs to be approved and regulated by the CMVM (Portuguese Securities Market Commission). A requirement for approval is that 60% of the fund’s capital must also be invested in companies that have their headquarters in Portugal.
  • Diversification: As long as you meet the €500,000 requirement, you can invest in one fund or multiple (depending on the fund’s own rules: most have a minimum investment that’s less than €500,000 allowing you to invest in multiple funds). Some funds have fixed fees so investing in multiple funds can result in higher costs and more paperwork, however the upside is better diversification.

Continue:

  • ROI: The Expected Return on Investment (ROI) per annum (P.A.) varies, with some funds offering as high as 20% IRR (Internal Rate of Return) and others providing more modest returns around 6-7% IRR.
  • Minimum Hold Period: Qualifying funds require a minimum holding period of five years. The investment needs to be held during the entire golden visa process until the holder obtains permanent residency or citizenship, which takes at least 5 years (in practice this take around 7 years).
  • Regulation: Golden visa investment funds are regulated by the Portuguese Securities Market Commission (CMVM), meaning that fund managers are audited by third parties on a regular basis. Both the Bank of Portugal and the external Fund Management company also regulate the fund. Finally, the Portuguese Tax Authorities also audit the fund. 

Benefits of Portugal’s Golden Visa:

  • Visa-free travel within the Schengen Area
  • Family Reunification
  • Access to Portugal’s high-quality education and healthcare systems
  • A pathway to Portuguese citizenship, after holding the residency for 5 years
  • Tax benefits for non-habitual residents if you decide to live in Portugal

Most non-EU nationals will need a Portuguese work permit before they can undertake employment in Portugal.
Non-EU citizens will need to get hired first; Once you have found employment, your employer applies for a Portuguese work permit (Autorização de Trabalho) to the Portuguese Labor Authorities, if the job is longer than three months.
This Portuguese work visa is necessary for non-EU nationals who intend to work in Portugal longer than six months.

Documents required for work visa:

  • Passport photo
  • Passport and copies of your previous visas
  • Flight reservation details (although not always)
  • Medical insurance policy covering expenses up to €30,000
  • Proof of accommodation
  • Employment contract between you and your employer
  • Your Portuguese work visa is valid for the length of time you’re working in Portugal, or long enough to lodge your application for a Portuguese residence visa.
    We can connect you with trustful lawyers who can walk you & assist you through the entire process.

You are entitled to apply for Permanent residency & citizenship after 5 years of temporary residency in Portugal.

Main Requirements for permanent residency & citizenship:

  • Having been a residency cardholder for the past 5 years
  • Pass a Portuguese test (A2 level according to the European classification of proficiency in languages)
  • Clear criminal record
  • Inexistence of debts towards the Tax Authorities and Social Security.
  • We can connect you with trustful lawyers who can walk you & assist you through the entire process.

The Tech Visa aims to ensure that highly qualified non-European professionals, namely in the technological and digital areas, can access the jobs created by national and foreign companies that invest in Portugal, and thereby supporting their growth.
The investment must be carried through a company that the applicant must incorporate in Portugal,

Benefits Of The Tech Visa:

  • Possibility of applying for the Non-habitual Residents Regime (RNH) and to benefit from this quite favorable tax regime
  • The capital never gets taxed
  • No minimum investment amount is required
  • Possibility of family reunification (spouse/husband, minor children, children over 18, children above 18 who are still studying and are financially dependent on the applicant and parents who are financially dependent on the applicant)
  • Possibility to apply for permanent residence or Portuguese citizenship (after completing 5 years and comply with the other requirements)

Documents Required for Tech Visa

  • Official application
  • Passport or additional travel document valid for 3 months after the duration of the stay
  • Two passport photos, up-to-date and with enough quality to identify the applicant
  • Valid travel insurance, allowing medical coverage, including medical emergencies and repatriation
  • Proof of being in a regular situation when from a different nationality than that of the country where the visa is being applied for
  • Request for criminal record inquiry by the immigration and border services ( SEF)
  • Criminal record certificate from the country of origin or the country where the applicant is residing for over a year (children under the age of 16 are exempt from producing a criminal record)
  • Proof of means of subsistence as stipulated by law
  • At Giraffe Property Management & services, we connect you to a trustful & knowledgeable lawyers who will walk you & guide you through the entire process.

Disclaimer

Information provided here about Relocation and Residency Service is only a guide, for detailed information and knowing your legal and fiscal rights we will refer you to the appropriate lawyers and fiscal consultants that will be able to provide more information.

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