Processing Time
60-90 days for visa, then residence permit application after arrival
Cost
€90 visa application + €160 residence permit + NIF/bank setup fees
Duration
Initial 4-month visa, then 2-year residence permit, renewable for 3 years
Work Rights
Can work in Portugal (despite name suggesting passive income only)
Renewability
Renewable indefinitely as long as requirements are met
Path to Permanent Residence
Yes
Requirements
- 1Proof of passive income (minimum €920/month)
- 2Savings of at least €11,040 (12 months of minimum wage)
- 3Portuguese NIF (tax number)
- 4Portuguese bank account
- 5Health insurance valid in Portugal
- 6Clean criminal record
- 7Proof of accommodation in Portugal
Related Guides & Articles
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