If you’re considering a move to Portugal from the UK or US, staying updated on the latest changes in immigration laws is crucial for a smooth transition. Portugal has recently implemented significant updates affecting residency and visa options, presenting both challenges and new opportunities. Let’s delve into the key changes and what they mean for prospective expatriates:
1. Changes to the Golden Visa Program
The Golden Visa is a residency-by-investment program designed to attract foreign investors and individuals seeking residency in Portugal. This program allows non-EU citizens to obtain residency in Portugal by making specific qualifying investments in the co
Key features of the Golden Visa program include:
Minimum Stay Requirement: One of the significant advantages of the Golden Visa is its minimal residency requirement. Unlike traditional residency permits, holders of the Golden Visa are only required to spend a short period per year in Portugal to maintain their legal status.
Pathway to Citizenship: One of the most appealing aspects of the Golden Visa program is its potential pathway to Portuguese citizenship. After holding the Golden Visa for five years and meeting certain residency requirements, investors can apply for Portuguese citizenship, granting them full EU citizenship rights.
Flexibility and Benefits: Golden Visa holders enjoy the flexibility to live, work, and study in Portugal, as well as travel freely within the Schengen Area. The program offers a straightforward path to residency without requiring applicants to actively manage or operate a business in Portugal.
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This Visa path, which previously allowed residency through real estate investment, has undergone substantial modifications. Now, purchasing property alone no longer qualifies for residency. However, alternative investment routes such as capital transfer or job creation still make applicants eligible for the Golden Visa. Understanding these revised pathways is essential for individuals exploring investment-based residency options in Portugal.
2. Introduction of the Nomad Visa
Portugal has recently introduced the Nomad Visa to cater specifically to remote workers and digital nomads. This visa enables individuals to reside in Portugal while working remotely for non-Portuguese companies, pursuing self-employment ventures, or engaging as contractors. The Nomad Visa offers flexibility and accessibility for those seeking to establish a base in Portugal while maintaining their international work commitments.
Eligibility for Nomad Visa Application
To qualify for the Nomad Visa, applicants must demonstrate sufficient income and prove their ability to support themselves while residing in Portugal. Remote workers must provide evidence of income from a non-Portuguese employer, self-employed individuals must showcase their entrepreneurial activities, and contractors must demonstrate steady earnings exceeding four times the Portuguese minimum wage.
Super Tip: Nomad Visa for Residency vs. Short Stay
One critical distinction to note is between the Nomad Visa for residency and the Nomad Visa for short-term stays. Only the Nomad Visa for residency opens doors to future citizenship applications. It’s vital to apply for the appropriate visa type aligned with your long-term goals and intentions for residing in Portugal.
3. Residence Visa for Accompanying Family Members
Moving with family is a common scenario for our clients, and this visa option has been a significant improvement. Previously, the main applicant would initiate their visa process, and family members could only apply for residency through family reunion visas once in Portugal, provided they entered legally via a Schengen or Family Reunion visa.
Now, this newly improved visa streamlines family unification and offers a clear pathway for spouses, children, and other dependents to join their loved ones in Portugal. With this update, all family members can apply for their visas together, enabling simultaneous travel to Portugal upon visa approval.
Understanding the requirements and procedures for the Family Reunion Visa is crucial for families planning to relocate together. The main applicant can apply for a Nomad Visa, while their spouse or children can simultaneously apply for the accompanying family member visa. Once all visas are approved, the entire family can travel together to Portugal and initiate their residence process as a group.
This streamlined process simplifies family relocation and ensures a smoother transition to residency in Portugal for all family members.
These recent changes in Portuguese immigration laws offer exciting opportunities for individuals and families considering a move to Portugal. Whether you’re intrigued by the innovative Nomad Visa or exploring alternative pathways to residency, staying informed about these immigration updates is key to navigating the process successfully.
If you’re planning a relocation to Portugal or have specific questions about visa options, consult with immigration experts or legal professionals to receive personalized guidance tailored to your unique circumstances and aspirations. You can reach us here (https://calendly.com/mh-consult/mhconsult-first-call