How to obtain a Portuguese residence permit: all the ways you can do it

Conditions for obtaining a residence permit in Portugal

What are the criteria for obtaining a residence permit in Portugal? A full list of grounds can be found in the legislation relating to foreign nationals. Many people believe that the easiest and most obvious way to obtain a residence permit is to marry a citizen of the country. However, creating a family solely for immigration is not the best option and is not suitable for everyone.

Popular ways of obtaining a residence permit

Among the most popular ways stands out:

• Obtaining a residence permit for foreign students wishing to study in Portuguese universities.
• Obtaining a residence permit on the basis of an employment contract. This option is available for both low-skilled and skilled professionals, including Blue Card holders.
• A program for financially independent individuals.
• Registration of residence permits for doing business by both individual entrepreneurs and organizations.
• Obtaining an investment residence permit, which greatly simplifies the period of compulsory residence in the country: it is enough to spend only seven days a year in Portugal.

Requirements for the Financial Independence Program

What are the requirements for obtaining a residence permit under the Financial Independence Program? Originally this program was intended for pensioners, but later its conditions were changed, which opened the door to all foreigners with the necessary financial resources, regardless of their age.

The main criterion is proof of passive income, which must be at least the minimum wage including taxes. In 2020, this amount was equal to€635 per month. Such income may come from:

• Renting out real estate.
• Dividends.
• Author's royalties.
• Retirement benefits.

Documents for confirmation

In addition, it is necessary to submit documents proving the existence of housing in Portugal, which can be either owned or rented. It is also highly recommended to keep up to date with current news on investments, immigration programs and real estate abroad.

Investment options for obtaining a residence permit

As far as obtaining a residence permit through investment is concerned, there are several possibilities. One of them is related to:

• By transfer of funds in the amount offrom €1 million.
• By creating at least ten new jobs.
• Acquisition of real estate in the amount offrom €500,000.
• By purchasing properties that are more than 30 years old or in the process of renovation, starting at€350,000.
• By translation€350,000to research institutions.
• By attachment€250 thousandinto projects aimed at preserving cultural heritage.
• Investing€350,000into venture capital funds or investment assets.
• Allocation€350,000per legal entity in Portugal, subject to the creation of five jobs.

Real estate investments

Among the above methods, the most common form of obtaining a residence permit through investment in real estate remains. If a foreigner intends to purchase housing in the central part of the country, his minimum expenditure should be at least as follows€500,000.

Real estate investments

With this amount, an investor can either purchase one luxury apartment or invest in several less expensive properties. In cases where the main objective is to save finances, it is important to consider investing in less comfortable real estate, such as old houses.

In such situations, the total investment may drop to 350 thousand euros, taking into account repair and restoration costs. However, as a rule of thumb, investments often reach half a million euros, as this level is the most common on the market.

Foreign investor statistics

Interestingly, among the more than eight thousand foreign nationals who obtained a residence permit (PRP) through investment between 2012 and 2019, 7,594 took advantage of buying real estate as a method.

Portuguese immigration data show that 8061 applications were approved during this time period, enabling 13756 people, including their families, to start living in Portugal. A total of 4.9 billion euros were invested in the country's economy.

The main investment exporting countries were:

• China
• Brazil
• Russia

Of the total 7,594 applications for PML, 470 were based on capital transfer and 17 were based on job creation.

Rights and obligations of investors

This raises questions about what rights and obligations foreign investors have in relation to purchased real estate. For example, if a person obtained a residence permit through the purchase of real estate, he or she is prohibited from selling it for five years.

However, if it becomes necessary to sell the object, the investor is obliged to purchase another one, the value of which must not be lower than the original one. At the same time, there is an opportunity to use the real estate:

• for personal use
• for lease

Mortgage loans for foreign citizens

It is also worth considering whether a foreign national can obtain mortgage loans in Portugal. To participate in the investment program, it is necessary that the investor has his own funds.

If there are 500 thousand euros in the account and the value of the real estate is 1 million, it is possible to apply for a loan. The main condition is that at least 500 thousand euros required to obtain a “golden visa” must be owned by the investor.

Standard mortgage loans

As for standard mortgage loans not related to the investment program, they are also successfully obtained by citizens of other countries. For this purpose, it is necessary to confirm the legality of income that was received in the country of origin or in another country.

One of the key requirements is a down payment of at least 20% of the value of the object to be purchased. The remaining 80% can be covered by borrowed funds from the bank, which can provide a loan for up to 45 years, depending on the age of the client.

The maximum age allowed to qualify for the loan is 80 years old, and the highest interest rate is currently as high as 3.3%.

Real estate taxation

When discussing real estate taxation, it should be mentioned that the buyer is required to pay two types of taxes when purchasing a property:

• Property transfer tax, which ranges from 1% to 8%
• State duty in the amount of 0.8% of the value of the object

Tax benefits in Portugal

Portugal offers various tax preferences, especially to those who purchase their first apartment. For example, if the value of the property does not exceed 92,407 euros and it is the main residence, such a purchase is exempt from paying the first tax. However, it is important to keep in mind that the property is also subject to an annual tax set by the local authorities, which can vary in value depending on the region. In the current year, the urban property tax ranges from 0.30% to 0.45%.

Taxes on rental income

If you plan to rent out your apartment, you must pay tax on your rental income. The percentage of tax will depend on your tax status:

• A rate of 28% has been set for tax non-residents.
• Residents pay depending on the tax category chosen and the amount of profit.

Portugal also has a progressive income tax scale ranging from 14.5% to 48%.

A variety of real estate options

When analyzing the real estate market in Portugal, you can find a lot of different offers. For example, for 695,000 euros is a set of apartments in picturesque Funchal with an area of 296 square meters. This object includes only six residential units and is located near the wonderful Conde Carvalhal lookout, in the historic district of the city, just a few minutes from the center.

The apartment is on the lower level and offers high quality finishes and expansive spaces. There is direct access to the swimming pool.

Available housing options

For those looking for more affordable options, an attractive offer for 250,000 euros is an apartment in the prestigious Canisu neighborhood of 102 square meters. This gated community is located just a few minutes from the sea and the city infrastructure. The Paradiseus complex is surrounded by green gardens and offers its residents a swimming pool and solarium with many walking paths.

Stylish apartments in Porto

Another interesting option is a four-bedroom apartment in Porto, priced at 495,000 euros. It covers an area of 156.5 square meters and includes a spacious balcony of 70.5 square meters, as well as two parking spaces. This property is located in a new residential complex in Águas Santas, Maja, an area known for its modern design and harmonious combination of natural and architectural elements.

Real estate in Alvor

Some buyers may be interested in a house in Alvor for €1,150,000. This property has an impressive 294 square meters and consists of seven rooms, making it a great option for a large family or for those who prefer wide spaces.

Cozy apartments in Matosignuche

It is also worth paying attention to the apartments in Matosiniusz, which can be purchased for 199,900 euros. These cozy apartments of 79 square meters are located near the city center, which provides good access to public transport and all the services necessary for life.

It accommodates a spacious living room, open-plan kitchen, two bedrooms and two bathrooms, making this accommodation ideal for city living.

Results

Thus, the real estate market in Portugal offers a wide range of properties to suit a variety of tastes and financial capabilities, making it attractive to both local citizens and foreign investors. People interested in buying real estate can explore a variety of options to suit different budgets and preferences.

Interesting offers on the real estate market in Portugal

In Portugal, the real estate market offers a variety of enticing options that can attract potential buyers. For example, one might consider a charming studio in the delightful port city of Porto, which is priced at just180,000 €This small apartment has a total area of30 square metersIt is perfectly suited for both living and investment purposes. Notably, it is possible to arrange an online viewing, and there is also the option to pay usingcryptocurrencies.

Apartments in Vila Nova de Gaia

Equally interesting is the apartment in Vila Nova de Gaia priced at€925,000This is housing of a certain format.T3provides customers with the opportunity to receiveresidence permitThe apartment also comes with its own terrace andthree parking spacesin the underground parking lot. The project focuses on adhering to high quality standards, striving for environmental sustainability and energy efficiency. The apartmentsMG7They are designed for comfortable living and offer stunning panoramic views of the Douro River and the cityscape of Porto.

In Vila Nova de Gaia, you can find another apartment that will cost...595,000 €This object is in formatT2also provides the opportunity to obtain a residence permit and includes a terrace withtwo parking spaces. ApartmentsMG5They are renowned for their high-quality features and provide a high level of comfort, allowing you to enjoy the picturesque surroundings.

Houses and apartments in Lisbon

It is also worth mentioning the house in Vila Nova de Gaia with a price tag of588,000 €This building is the result of the restoration of 18th-century architectural heritage and impresses with its elegance and unique style. Located on the banks of the Douro River, it offers sunny terraces and breathtaking views of the river and the city.

Another attractive option is an apartment in Lisbon for1,220,000 €This unique project stands out against the backdrop of other renowned offerings in the coastal district of the capital. The apartment showcases outstanding architecture and a high level of attention to detail, providing excellent comfort both acoustically and thermally. Its location near the Teju River adds extra charm with its magnificent panoramas.

• Apartment for €1,300,000in Lisbon with a square200 square metersfeatures high-quality finishes and a unique design, creating an atmosphere of coziness and maximum natural light at any time of the year.
• Apartment for €1,090,000It is also located in Lisbon, its area is175 m²It is characterized by unique architecture and a focus on ecology and comfort.

Investment opportunities in Portugal

Today, Portugal opens up a variety of investment opportunities in real estate, offering chances not only to acquire comfortable housing but also to secure...residence permitEach of the presented options not only provides a high level of comfort but also allows you to enjoy picturesque landscapes and a quality life.

Luxury apartments in Lisbon

Magnificent apartments that stylishly combine a unique architectural concept with high-quality construction offer luxurious finishes, maximum space efficiency, and an abundance of natural light. These unique living spaces guarantee a high level of comfort, providing the opportunity to enjoy acoustic and thermal coziness at any time of the year.

Project location

This project is located on the picturesque banks of the Tejo River, in the heart of Lisbon. Attention to detail is reflected in every element, and the high-quality interiors make life here truly comfortable.

Real estate market offers

One of the offerings in the real estate market is an apartment from Mercury Group, priced at €670,000 and covering an area of 85 m², located in the Avenida Nova area. The apartment is situated at Rua Sousa Martins, 21, near the Sottomayor Palace and the Picoas metro station. The complex offers a wide selection and consists of:

• 28 residential units;
• store;
• various types of apartments: T1, T1'1, T2, and T3.

Local residents will be able to use both public and private pools, as well as spacious open terraces for relaxation.

Other apartment options

Another interesting option is apartments from Mercury Group, priced at €660,000 in the same area. They have similar features:

• 85 m²;
• three rooms;
• two bathrooms;
• the possibility of obtaining a residence permit upon purchase.

This residential complex is also located on Rua Sousa Martins and takes advantage of its convenient location and variety of housing types.

Life in the Algarve

It is noteworthy to mention a high-class beach resort in the Algarve, where you can purchase an apartment for €550,000, with a total area of 82 m². This property is perfect for those seeking a personalized approach and comfortable living conditions. The Algarve is famous for its Mediterranean climate, which delights year-round, and is a popular destination for those who love beach vacations and golf.

Luxurious villa in Madeira

Additionally, it is worth noting a new property located in the picturesque region of Madeira. This luxurious villa features five bedrooms and nine bathrooms, listed for sale at €1,200,000. With a total area of 300 m², it is situated in the quiet area of Assomada, Caniso. The villa offers a three-level layout with a garage and three kitchens, one of which is beautifully equipped for barbecues.

The open space here provides excellent conditions for meeting with friends and family, while comfort and privacy are guaranteed.

Apartment in the capital of Madeira

It is also worth noting the offer from Mercury Group for the sale of an amazing apartment in the capital of Madeira, priced at €1,350,000. This property includes four bedrooms and three bathrooms, providing excellent living conditions.

Choosing Funchal as a place to live frees you from many worries, allowing you to enjoy one of the most beautiful architectural environments that can be found on the island.

The uniqueness of Madeira

Madeira is not just an island, but a true corner that wonderfully combines ancient history with modern conveniences.

Procedure for obtaining an investment residence permit

The procedure for obtaining an investment residence permit (IRP) before the COVID-19 pandemic took about eight or nine months. With the Schengen borders closed, the timelines for processing have become uncertain. Anyone wishing to obtain an investment IRP is now finding it difficult even to cross the country's border.

Family members of the main applicant

As for the possibility of obtaining a residence permit for family members of the main applicant, an important clarification is that at the time of submitting the documentation, none of the relatives can submit their own applications. The exception is situations where applications are based on an investment visa: in that case, all family members can be included in the main application.

After obtaining the residence permit itself, the opportunity to become its holders opens up for all close relatives, including those in the descending or ascending line of kinship, provided that the appropriate supporting documents are available.

Validity periods of residence permits

The attitude towards the validity periods of residence permits has changed since 2020: most types of visas are now issued for a duration of two years, with the possibility of extending for three more years. However, there are specific nuances for certain categories. For example, a temporary residence permit issued on the basis of education is valid for the duration of the study program — one year, with a possible extension for the same period.

Extension of residence permit in Portugal

Regarding the extension of residence permits in Portugal, this process has also undergone changes. Due to the COVID-19 pandemic, local authorities simplified the procedure: in 2020, some types of residence permits could be renewed online, without the need for personal presence in the country. However, this innovation only applies to those who already had resident status for specific reasons.

Obligations for foreign citizens

When applying for a residence permit for foreigners, there are certain obligations. Visa categories are divided into temporary and permanent, which differ in terms of the duration of stay in the country and the validity of the documents. The maximum period of absence for the holder of a temporary residence permit in Portugal is considered to be six consecutive months or eight months in total over the entire validity period of the visa.

Violating this condition may serve as grounds for the cancellation of a residence permit, so it is important to justify a prolonged absence from the country, for example, with medical reasons or the need to undergo rehabilitation abroad. In such cases, it is advisable to prepare documents in advance that confirm your stay outside of Portugal for periods exceeding the allowable limits.

Golden visa

It is also important to mention“golden visa”which allows for the possibility of obtaining a residence permit through investments. Holders of this type of status are not required to stay in Portugal for more than six months a year; they need to be in the country for a minimum of 7 days a year or 14 days over two years.

Financial requirements

From a financial perspective, each visa extension requires proof of sufficient funds. The specific amount needed to demonstrate the financial viability of a foreigner is determined by the country's legislation and depends on the grounds for obtaining a residence permit. In most cases, the amount in the foreigner's bank account must correspond to the minimum wage in Portugal.

Changes in residency permit requirements

Every year, the information on this matter changes. In 2020, the amount required to renew a residence permit was 635 euros. To successfully renew your residence permit, you need to have a sufficient amount in your account: for example, if you plan to extend your visa for two years, you should have at least enough funds to cover living expenses for one year in advance.

Advantages of residency in Portugal

What opportunities are opened up by obtaining a residence permit in Portugal? This type of residence permit grants foreigners almost the same rights as citizens of the country, with the exception of the right to participate in voting and electoral processes. Residence permit holders have the right to access educational institutions.

However, depending on the type of visa, certain restrictions may apply: if you arrived for study purposes, employment may be prohibited. Despite this, by going through a series of administrative steps and providing the necessary documents, it is possible to obtain a work permit. There is also access to the healthcare system in Portugal.

Immigration programs

Next, let's take a look at the immigration programs offered in this country.

• Digital nomads have the option to obtain a residence permit within six months with a minimum contribution starting from 37 euros.
• If you are interested in obtaining a residence permit through investments, this process will take about five months, and the minimum investment amount must be at least 200,000 euros.
• For those looking to purchase real estate, options for obtaining a residence permit are also available within five months, starting from an amount of 280,000 euros.
• The procedure for financial independence takes six months, and the minimum required amount is 8,460 euros.

Reasons for the refusal to issue a residence permit

There are certain reasons why a residence permit may be denied. For example, having a criminal record in the country of residence can be grounds for refusal. If the applicant has a criminal record with a sentence of no more than one year or a suspended sentence, the chances of obtaining a residence permit remain. However, official statistics on refusal rates are not disclosed, making it difficult to identify the most common reasons for denial.

Obtaining permanent residency and citizenship in Portugal

How can one obtain permanent residency or citizenship in Portugal? After five years of legal residence in the country with a temporary residence permit, it becomes possible to apply for permanent residency. In Portugal, permanent residency is also granted based on a request, for a period of five years, just like citizenship.

In both cases, it is very important to demonstrate knowledge of the Portuguese language, so there is no point in applying for permanent residency – it makes more sense to apply for citizenship right away.

Important about permanent residency

It is important to note that in order to maintain permanent residency, it is necessary to adhere to the restrictions regarding the duration of time spent outside of Portugal:

• no more than 24 consecutive months
• or within three years no more than 30 interpolated months (which is approximately two and a half years).

Citizenship timelines

Does citizenship have an expiration date? Citizenship is a permanent status. It does not need to be renewed. Once a person obtains a Portuguese passport, they become a citizen and do not require any further extensions. However, citizenship by naturalization can be revoked if false information is provided. Therefore, it is important to meet all the requirements and fill out the documents correctly to avoid any consequences.

Conclusion

In conclusion of my review, I would like to emphasize that obtaining a residence permit in Portugal is not just a legal formality, but a significant step into a new life. The opportunities that open up for foreign citizens are quite diverse and accessible to almost everyone.

Regardless of whether you are interested in obtaining a residence permit through:

• training,
• work,
• financial independence,
• or investments,

There are many programs that can meet your needs and goals.

Currently, the investment program has gained particular popularity, especially,real estate purchaseThis has ensured a flow of foreign funds into the country's economy and has given many people a chance for a new life in sunny and welcoming Portugal. However, it is important to remember that each of the proposed options requires careful evaluation and understanding of one's financial capabilities, as one mistake can be costly.

Moving recommendations

When making decisions about moving or investing, I recommend consulting with professionals in the fields of law and real estate. This will help avoid misunderstandings and make the right choice that aligns with your life goals.

Portugal offers many opportunities for those who are ready to explore its culture and adapt to a new environment. I hope this guide helps you better understand how to become a part of this beautiful and dynamic corner of the world. Your new life chapter can begin with a simple step, and I wish you good luck on this journey!