How to Obtain Portugal Residency for British Citizens

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Brexit has moved British from the European united zone. At the same time, it opened opportunities related to other citizenships that were previously not available. Thus, now they are able to get Golden Visas and other types of residence in various European states. Here, we consider Portugal as an affordable and pleasant option for living and the approaches to moving there.

Portugal Golden Visa for British Citizens

This approach was created for investors who are ready to donate the dedicated sum, create a business, or support the national economy in other ways that are offered. Thus, to obtain Portuguese Golden Visa the applicant should select one of the following options:

  • donate 250,000 euros for local cultural growth;
  • invest 500,000 euros in the local funds;
  • provide 500,000 euros to a business that has at least 5 job places;
  • donate 500,000 euros to local researchers;
  • launch a new company that provides 10 jobs.

The presence of five possible ways for participation is quite a rare approach. The sums also differ providing a sufficient assortment for everyone.

As for additional moments for consideration, there is a minimum stay rule for this application. One should spend on this territory a week during the first year and two weeks during the two more years.

Relatives can be also included, such as a spouse, underaged children, and various dependent persons, as explains Zlata Erlach, the qualified expert of Immigrant Invest.

The holder of this document gets almost the same rights as locals. This includes access to education and healthcare, free traveling through EU territory, and the right to work both here and remotely in other regions.

Furthermore, Portugal Golden Visa for UK nationals is a good way toward citizenship. It becomes available after five years in the program. The person should have paid all local taxes, had no criminal record, and passed a language test. This is one of the quickest ways toward a local passport and also a reliable one. 

Portugal Digital Nomad Visa for British Citizens

If you are a remote worker and have a stable income, you can consider a Portugal remote work visa, which is described in detail on immigrantinvest.com. It is quite popular in the IT sphere, as there is a big and bountiful community, as well as infrastructure and conditions to work here.

The basic requirement for the participants is a transparent income of at least 3,280 euros per month. The application package includes all basic files, such as passport, health insurance, booked place for stay and tickets, and proof of financial income.

The interested person may choose from two options:

  • a temporary option which will be valid for 1 year without a possibility of extension, but with multiple entries during this period;
  • a residency for 4 months with two possible entries.

After arriving through the second option, one can get residency for two years. It is obtained after an additional application but is more preferable among those who wish to stay here longer or even aim for a second passport.

The D7 Visa: Passive Income and Retirement Visa for British Citizens

Portugal D7 visa for Brits has also become available after Brexit. It is a good option for entrepreneurs and retirees who have sufficient funds to live here but do not want to become investors.

The primary application is conducted at the allocated embassy in the homeland. After its approval, one has 4 months to have an appointment with the local authorities for the final resolution.

The main eligibility criteria include non-EU citizenship, absence of criminal record, and the following financial threshold:

  • 7,200 euros for adults;
  • 3,600 euros for additional adults in the application;
  • 2,160 euros for a child.

This visa provides a 1-year valid permit for a stay and living. One can apply for it two more times and get a document for two years every time. After five years in the country, it becomes possible to get other types of permits and stay for a much longer period.

The Non-Habitual Resident (NHR) Tax Regime

This country is beneficial in many ways and one of them is favorable taxation. If you are a local tax resident and have spent in the region at least 183 days during the last year or have a residence, you can enjoy:

  • a special 20% rate for income from activities that are high-valued;
  • a lower rate for income from foreign sources;
  • 10% taxation of foreign pensions.

Therefore, all participants of the above-mentioned programs are able to profit from these rules. This is an additional but highly valued benefit by all residents.

Conclusion

Altogether, Portugal residency for British citizens is available in different ways. Each of them has its own benefits and rules. Thus, consider your aims and abilities and select the most suitable option to enjoy your stay in the chosen region, as well as the prospects and opportunities it gives.