Provided that you remain in Portugal for a minimum period of 183 days per year and continue meeting the mandatory D7 Visa requirements, you can become eligible to apply for Portuguese citizenship and a passport after 5 years.
The D7 residency visa has historically been issued with an initial 1-year validity, after which it became renewable in 2 year increments. Recently however, it has been issued for an initial period of 2 years as well. On this basis, the minimum cash amount required would typically double also, however it is advisable to check [...]
The D7 Visa is an entry visa allowing you to relocate to Portugal. It is valid for a period of 4 months, within which you’ll have to apply for your D7 residence permit. The D7 visa is applied for at the Portuguese consulate or embassy in your home country, whereas the residency permit application is [...]
While the D7 program is typically very popular among retirees from outside the European Economic Area (EEA), the program is open to people of all ages over 18 years – provided that you can meet the economic self-sufficiency requirement, either through stable passive income, adequate savings, or through a combination of the two. As of [...]
The answer is yes…potentially. Applicants have in some recent instances been approved on the basis of having these amounts available in savings, rather than in the form of passive income, yet in such cases, higher savings levels may be required. It is important to note that this is a discretionary visa program, and that the [...]
In order to qualify, you must earn a passive income of least €635 per month as a single applicant (€7,620+ per year). For married couples, the minimum amount goes up by 50% (an additional €3,810), so the minimum requirement per couple is €11,430 per year). You can find out more about the D7 program's minimum [...]
The D7 Visa (Visto D7) is a settlement visa program aimed at passive income earners seeking to relocate to Portugal. The program requires you to have a stable, passively derived income from sources such as pension, rental income (from movable or immovable assets), as well as fixed-rate investment earnings. Find out more about the program [...]
As a rule, all expats in Spain are subject to some form of local taxation. Your exact taxation in Spain will be dependent on your specific situation. In general, however, expats will need to familiarize themselves with the tax implications relating to personal income tax (IRPF), wealth tax, capital gains tax as well as inheritance [...]
A key requirement of maintaining your Spanish Non Lucrative Residence is the need to spend a minimum of 183 per year in Spain. At that point you will become tax resident in Spain, and you will be expected to pay taxes on your worldwide income. You will also have to pay taxes in Spain if [...]
IPREM is a Spanish index used in the calculation of economic aid, unemployment benefits, grants, scholarships and allowances based on and individual person’s specific income and situation. Known in Spanish as El Indicador Público de Renta de Efectos Múltiples, the IPREM indicator is often referred to as the Multiplier for the Public Income Index in [...]