If you’re retired or have a pension of around $1,200 a month, you can get residency in Portugal quite easily. Start by entering the country on a 120-day visa. Bring with you the required paperwork, including a police or FBI clearance report and proof pension or retirement distributions.
How long does it take to get residency in Portugal?
In simplest terms, you can receive permanent Portugal residency once you’ve lived in country for five years with a temporary residence permit. To become a permanent resident of Portugal, you need to have a long-stay visa and fulfil minimum stay requirements.
How do I become a resident of Portugal?
After five continuous years of living in Portugal, you can apply for permanent residence in Portugal. Once you have permanent residence, you can apply for Portuguese citizenship after a further one year.
How much money do I need to get residency in Portugal?
An investment of €500,000 (or €350,000 reduced option) in real estate in Portugal will gain a residency permit for a family including dependent children. The golden visa can be renewed every two years providing the applicant spends two weeks in the country every two years.
Can you live in Portugal without residency?
If you’re planning to spend extended periods of time in Portugal but aren’t going to become a resident (for example if you own, or are planning to buy, a holiday home in Portugal) you are able to spend 90 days out of every 180 days in the country without needing a visa.
Can I get residency in Portugal if I buy a house?
It is possible to buy property in Portugal and obtain citizenship after 5 years of maintained investment. In order to buy property in Portugal and get residency, you must invest in a qualifying property. Buying property in Portugal worth at least €500,000 (reduced to €400,000 if located in a low-density area).
How can I get temporary residency in Portugal?
You may get a temporary residence permit if you have regular passive income from your investments and you wish to settle in Portugal. Usually the permit is granted to those who can prove that they have a monthly regular income of at least €1,070. Your direct dependents may be included in the application.
Does Portugal allow dual citizenship?
Portugal allows dual citizenship, allowing foreigners to gain Portuguese nationality without having to give up the citizenship of their home country. … In some cases, your home country may require you to renounce your citizenship before allowing you to take Portuguese nationality.
Can foreigners buy property in Portugal?
The short answer is YES! One of the most encouraging qualities in Portugal is that there are no restrictions for foreigners who want to buy a home in the country. Furthermore, the Portuguese government incentivizes foreigners to invest in real estate property in Portugal through the Golden Visa program.
How can I invest in Portugal citizenship?
No, you can’t buy Portuguese citizenship. However, you can obtain residency through investing in Portugal, and then apply for citizenship in five years. Investors can choose to make a property investment, a subscription in an investment fund, or a capital transfer to a Portuguese bank account.
Do I need a visa to move to Portugal?
If you wish to stay in Portugal for longer than the tourist limit of 90 days out of every 180 days, then you should look into getting a residence visa. … You may apply for Portuguese citizenship after six years. However, the most common visa for U.S. and Canadian citizens looking to live in Portugal is the Type 1 visa.