In a recent webinar, viewers had the opportunity to dive deep into the process of moving to Portugal and obtaining residency, with a special focus on various visa options and the legal nuances involved.
Sandra, a seasoned lawyer with 30 years of experience in Portuguese law, particularly in assisting foreigners with their legal and relocation needs, shared her knowledge and insights.
Here’s a summary of the topics discussed.
- Introduction to Moving to Portugal and Obtaining Residency:
- Portugal has become a sought-after destination for expats seeking a new life, with its appealing climate, rich culture, and favourable tax regimes. It also has a low cost of living, particularly when compared to the US.
- The webinar aimed to clarify the processes involved in moving to Portugal, focusing on obtaining residency and eventually citizenship.
- Visa Options for Residency:
- The discussion highlighted two main visa options for those aiming to relocate: the D7 Visa, known for passive income holders, and the D8 Visa, or digital nomad visa, catering to those working for foreign companies or freelancing.
- Sandra outlined the requirements for both visas, emphasising the necessity of having a Portuguese bank account, a tax number, and proof of accommodation in Portugal. She also noted that although the visa is often referred to as the digital nomad visa, it isn’t just for those that work in tech.
- The webinar also touched on other visas and the golden visa program, offering alternatives based on different individual circumstances and investment capabilities.
- Challenges of Portuguese Bureaucracy:
- Sandra pointed out the unstandardised and discretionary nature of Portuguese bureaucracy, underscoring the importance of accurate and correct legal assistance in navigating the relocation process.
- NHR Tax Regime Changes:
- Sandra briefly touched on the changes to the Non-Habitual Resident (NHR) tax regime, noting the impact on retirees and high-value activities. The introduction of the new regime focusing on innovative projects and scientific research was discussed.
- Q&A Highlights:
- The webinar featured an interactive Q&A session, where Sandra addressed various concerns, from the specifics of the visa application process to practical matters like importing personal belongings and exchanging driving licenses.
- Conclusion:
- The webinar concluded with Sandra emphasising the value of legal assistance in ensuring a smooth relocation process to Portugal. Her team’s commitment to personalised service and detailed guidance was evident throughout the discussion.