We have seen the Golden Visa rules change over the year-end. The Martinhal Group has seen its long-term decisions to continue to invest in highest quality “touristic apartments” and a luxury hotel brand since 2001 bear fruit during this pandemic – our 5-star Martinhal Residences is already 90% sold out and will continue to be eligible for the Golden Visa as it is “commercial” and not “local accommodation”. It will be our 4th Martinhal in our small collection of high-end Portuguese hotels and resorts which continue to help create memories for families and mean even more to families seeking quality time together in this post-COVID world. We are an established brand of hotels managing these serviced apartments – perfect for renting, short stays or living. Martinhal Residences will be a landmark building in the Park of Nations area with excellent facilities and 5-star services! Lisbon continues to rise in reputation as a modern capital city in European while still brimming with history and culture.
Portugal is situated on the western side of Europe and provides an ideal environment for trade with western Europe. The Portugal Golden Residence Permit Program is a five-year residence-by-investment program for non-EU nationals. The residence permit allows free movement in Europe’s Schengen Area and only requires an average stay of seven days each year in Portugal over this period, which can also count towards citizenship eligibility after five years.
Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Portugal are key attractions for investors in this program.
Initial Residence Permit is valid for 2 years
Subsequent permits (renewals) are available for 2-years each (without limitations)
After the initial 5 years, the following options are available:
Apply for Permanent Residence
Apply for Citizenship
14 days each in the following 2-year periods
After 5 years of Residency
Pensioners, retired foreign citizens or other foreigners living off of a recognized stable income, such as movable property, real estate, intellectual property or financial investments may apply for D7 Portuguese Visa.
Portuguese legislation provides for a special visa – D7 Visa – that allows foreigner citizens, who wish to reside in Portugal as retirees or live on their own income, regardless of age, the entrance in Portugal in order to obtain a residence permit, provided that they can prove to have sufficient income to provide them with means of livelihood. This income can come from pensions, real estate rentals, investments, among others. The holder also has the right to Exercise of any work activity as an independent professional;
The D7 visa is a residence visa that is intended to enable the holder to obtain a residence permit in Portugal. In this context, the visa is valid for two entries and entitles the holder to remain in Portugal for a period of 4 months.
The D7 visa enables the respective holder to obtain a residence permit in Portugal for a period of one year, which can then be renewed for successive periods of 2 years and can be converted into a permanent residence permit after 5 years.
Members of the family of the holder of the residence permit obtained via a D7 visa are also entitled to a residence permit, based on family reunification statute.