Non-EU/EEA/Swiss nationals who wish to relocate to the Azores and have a reasonable regular net passive income may apply. The subsequent residence permit does not prevent its holder from having a professional activity in Portugal. It is therefore one of the most attractive options to the Golden Visa for someone intending to live in Portugal indefinitely.
After having applied for a residence permit it is possible to obtain a D7 Portugal Passive Income Visa/Authorization, these applications must be made by the applicant at the Portuguese Consulate. Once the Visa has been issued, your immediate family members are also entitled to enter the residence permit program in Portugal under the “family reunification” regulations.
Benefits of the Passive Income D7 Visa:
Free Circulation
- Entry and freedom of movement in the Schengen Area, comprising 26 European countries.
Quality of Life
- Freedom to live in Portugal and have a professional activity in this country.
Tax Benefits
- Option to become a non-habitual resident in Portugal for tax purposes (little/no tax for 10 years).
Resident’s Rights
- Access to other resident’s rights such as access to education, healthcare, social security.
Golden Visa Granting Requirements
- Open a bank account in Portugal.
- Secure indefinite accommodation in Portugal.
- Apply online for a residence visa and an interview at the Portuguese Consulate serving your current region of legal residence.
- Passport, valid for at least 6 months after the expiration date of the passive income visa in Portugal (which will be valid for 4 months).
- Two recent passport size color photographs.
Statement of the reasons for obtaining Portuguese residency in text. - Health insurance policy or affidavit stating that it will be purchased in Portugal within 90 days of arrival.
- Criminal record certificate/police clearance certificate.
- Documentary proof of having accommodation in Portugal.
- Documentary proof of reasonable regular net passive income.
- Passport with the special visa issued by the Portuguese Consulate.
- Documentary proof of sufficient financial means and permanent accommodation in Portugal as submitted to the Portuguese Consulate.
- Health insurance policy in case you purchased it in Portugal.
- Various Portuguese documents that your lawyer can obtain on your behalf.