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…passive income to support themselves during their stay in Portugal. This income can come from various sources, including pensions, rental incomes, investments, or other provable passive revenues. The minimum income requirement is typically aligned with the Portuguese minimum wage and may be adjusted based on the number of dependents included in the application. Benefits of the D7 Visa: Holders of the D7 Visa are allowed to reside in Portugal and h…
…themselves without needing to work actively. What is Considered Passive Income? Income received from retirement funds or pensions. Earnings from intellectual property rights. Income from transferable assets. Royalties received for the use of your creative works. Rental income from property ownership. Interest earned from savings accounts. Earnings from long-term, fixed-rate financial investments. Income from dividends, provided you are not employ…
…tos, acceptance letter, financial proof, health insurance, criminal record certificate, accommodation proof, and visa fee payment. 4. How long does it take to process a student visa for Portugal? Typically up to three months, so apply well in advance. 5. What financial proof is needed for the student visa? Bank statements or financial guarantees showing sufficient funds to support your stay. 6. Is health insurance mandatory for the student visa? Y…
…s-border taxation if you need more thorough support on this front. When it comes to cross-border transactions, communication and transparency are also important. At Oliveira Lawyers, we ensure that you are kept informed at every stage of the transaction. Our team coordinates with local experts, real estate agents, and relevant authorities to ensure a seamless process from start to finish for investors from the UAE and Saudi Arabia. Investing in Br…
…ugal under the D7 Visa, you’ll need to understand the tax obligations that come with becoming a tax resident. In Portugal, you’re considered a tax resident if you stay more than 183 days in a given fiscal year or have a residence there by the end of the year. Once you’re a tax resident, your worldwide income—including pensions, rental income, dividends, and investments—is subject to Portuguese taxes (besides US ones). However, under the Non-Habitu…