Portugal Immigration

Portugal Immigration

Portugal is one of the oldest states in Europe with a population of 10,291,027 and an area of 92,212 square kilometres. It is one of the most developed countries in Europe and has an advanced economy with high income and high living standards. Portugal is immersed in history and culture, with a rich architectural heritage that reflects its long past.

Immigration statistics in Portugal are increasing day by day and Indian immigrants are the second largest growing immigrants’ population. According to the 2022 population census, the total number of immigrants has increased to a total of 757,252 people.

Benefits of Moving to Portugal

Affordable cost of living – The cost of living in Portugal is inexpensive when compared with other European nations.

Safety– Portugal is in the top 3 of the 2020 Global Peace Index, the ranking of the safest countries in the world.

Special Tax Rate– In 2009, Portugal introduced the non-habitual resident status, called NHR. Under this status, immigrants have certain benefits such as tax exemption on foreign source income, a 20% flare rate for certain Portuguese source incomes, etc.

Free Medical Care– Both the citizens and residents of Portugal are provided with free medical care at public hospitals.

Education– Portugal is home to many international universities, offering a wide variety of courses with high standards of teaching. Portugal’s higher education system was ranked in the top position in the QS Higher Education System Strength Rankings.

Portugal D7 Visa

The D7 visa, also known as Retirement Visa or Passive Income Visa was introduced by the Portugal government in 2007. The visa enables foreign citizens with a passive income to apply for temporary residency in Portugal. It is a path to a permanent residency permit in Portugal and to Portugal citizenship. The D7 visa is the perfect option for non-EU citizens who plan to relocate to Portugal with their own funding. Another advantage of the Portugal D7 visa is that it allows visa-free entry and circulation in Schengen countries.

Requirements for a Portugal D7 Visa

The eligibility criteria for a Portugal D7 Visa include:

  • You must be a non-EU citizen
  • You must have the sufficient fund to live in Portugal
  • You must possess a clean criminal record
  • You should be able to provide a residential address in Portugal
  • You should be able to spend a minimum of 16 months in Portugal during the first two years

How to get PR in Portugal?

To be eligible for permanent residence in Portugal, firstly the individual must have a temporary resident status. The temporary residence status is valid for a year and can be renewed for up to five years. After five years of temporary residency, you can switch to permanent residence in Portugal.

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    Tax residents of Portugal can apply for a special tax status named NHR or Non-habitual Resident tax scheme. This provides a ten-year tax benefit for the holders, including a reduced income tax rate of 20% on Portuguese-sourced income and a 10% tax rate on foreign-sourced income. Generally, Portuguese income tax rates reach up to 48%, which can lead to significant savings through residency under the D7 visa.
    To apply for a Portugal D7 visa, the applicant must have a minimum passive income of 750 euros (67,884.93 Indian Rupee) per month. The income source can be from pensions, transferable equity, real estate, financial equity, or intellectual property.
    Of course, yes. Portugal is ranked as one of the best places in the world for retirees to enjoy their life. Portugal is a safe and stable country, with a great climate, amazing people, and high standards of living at an affordable rate.
    Moving to Portugal is a straightforward process if you have the back of Matrixx Overseas migration. We provide you with the right guidance. Our goal is to identify the most suitable immigration programs for you, optimize your application, and significantly increase your chances of success. We go beyond the extra mile to ensure that your immigration journey is as smooth and stress-free as possible. Connect with the best Portugal immigration consultancy in Kochi for easy and hassle-free immigration.

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