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Get Portugal Residency

with Passive Income Visa

Benefits

  • Applicants will have the equitable right to live, work and study in Portugal
  • Applicants can travel Visa-free throughout the Schengen Area of 26 European countries
  • Applicants can include his/her spouse/partner, dependent children, parents and siblings under 18 years old
  • Applicants can choose to work under employment or establish a business in Portugal
  • The option to apply for Portugal’s Non-Habitual Resident (NHR) tax regime status
  • Permanent Residency/ Citizenship in Portugal after 05 years
  • Entitled to have Portuguese residency rights, including healthcare and education

Move in EU facilitates individuals and families residing in Portugal, One of the leading destinations in the European Union over the past decade. Due to a stable political and social environment, Govt. benefits, transparent tax rules, mild investment climate, and relatively low cost of living, Portugal became a standard of a better quality of life for many foreigners.

Portugal Own Income Visa is also known as Passive Income Visa promises to deliver residency status to Foreign citizens including retirees, who want to relocate to Portugal along with a reasonable and regular passive income.

Own Income Visa is for those who are basically pensioners or passive income earners e.g. property rentals, financial investments, profits and dividends from a company, copyrights, etc. To be eligible for the visa, the applicant must have proof of income that exceeds the Portuguese minimum wage (currently €705) per month.

Eligibility

To be a successful applicant, You must be able to manifest that you have a sufficient source of passive income which can be drawn from a pension, rental, profits/ dividends, or a certain category of investments. The Applicant is required to,

  • Minimum wage for the Main Applicant is currently €8,500 per annum.
  • Minimum wage for the Spouse/Parents of Main Applicants is currently €3,810 per annum.
  • Minimum wage for the Dependent children is currently €2,292 per annum.
  • Applicants are advised to keep a minimum amount equivalent to 12 months' income within a Portuguese Bank Account

Dependent Eligibility

The Main applicant can include the below family members as dependants within their application,

  • A spouse or partner.
  • A minor or incapacitated child.
  • Children older than 18, who are single and studying in an educational establishment in Portugal.
  • Dependent parents of the main applicant or their spouse.
  • Minor siblings, who are legally deemed to be in the care of the main applicant.

Visa Application Requirements

Own Income/Passive Income visa is designed for all the foreign nationals of countries situated outside EU state members that desire to live in Portugal and have a steady flow of income or a pension but has no limit of age.
  • The applicant is required to present proof of the source of the income.
  • Applicants must register with local TAX authorities and obtain a TAX ID number.
  • You are also required to open a bank account in Portugal to prove that you’re able to send the money from your country to Portugal. – It is possible to do it remotely.
  • The Portuguese Bank account must need to have at least €8500 per adult (equivalent to 12 X the Portuguese minimum wage €705).

Visa Duration and Renewal

With the approval of the Passive Income Visa application, You are issued a Portuguese residency card which is valid for two years. To continue your residential status, You need to renew your resident card at the end of the second year. During the renewal, You will get a three-year valid residency card. However, Each applicant is required to stay for six (06) consecutive months or eight (08) non-consecutive months in Portugal to keep the residency valid.
Time Period Minimum Stay in Portugal Renewal Period Renewal Options
1st and 2nd Year Six (06) consecutive months or eight (08) non-consecutive months End of 2nd Year 3 Year Residency Permit
3rd, 4th & 5th Year Six (06) consecutive months or eight (08) non-consecutive months End of 5th Year Permanent Residency/ Citizenship, 3 year residency permit

Visa Process

Move in EU visa experts will guide you in 2 stages for your passive income visa processing, These are,

Stage One

Step 1

Our visa experts will assess your documentation for the Visa application and help you to overcome the errors in your documentation.

Step 2

Once the requirement is completed, you are required to submit the documents to the VFS or the competent consulate

Step 3

Once your documentation gets reviewed, You will be notified to attend an interview.

Step 4

If the application is approved, the Consulate of Portugal will issue the Visa that will be affixed to your Passport, allowing you to travel to Portugal.

Step 5

Please be advised that the Visa is a temporary document, valid for 4 months from its issuance. It is a kind of “pre-approval” of the residence application, but its final approval is conditioned on the subsequent issuance of the Residence Permit by the Immigration Office (SEF) in Portugal.

Stage Two

Step 1

Once the Visa is approved by the Consulate, you will receive a schedule to go to the Immigration Office appointment in Portugal, to submit the necessary documentation and personal interview (Fingerprints and take a photo for the residence card)

Step 2

The Immigration Office will analyze the documentation, once approved you will receive your resident card.

Move in EU Services

“Movie in EU” walks in to guide and help you process your Portugal Passive Income Visa application. Our visa consultancy services include,
  • Preliminary application consultancy
  • Fiscal representation to include a fiscal number application
  • Cross-border planning and guidance such as accommodation, health id and etc
  • Guidance on the documentation required for the application process at SEF (Immigration control)

Our additional services

  • Tax advisory services
  • Guidance on Non-Habitual Resident (NHR) Tax application
  • Assistance on Preparation and submission of Personal Income Tax

Other Residency Services in Portugal

Ready to Apply for a Portugal Residency Visa?

Talk to our lawyers for the required documents and fees

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