Portugal’s New ‘Digital Nomad Visa’ For Remote Workers

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Portugal recently revealed the requirements for its eagerly awaited “digital nomad visa,” which enables remote workers earning four times the country’s base pay to live and work in the gorgeous European country. This works out to around $2,750 each month.

Portugal’s New ‘Digital Nomad Visa’ For Remote Workers

Starting on October 30, remote employees can apply for either a residence visa that can be extended for up to five years or a temporary stay visa that is valid for up to one year.You can submit your application at a Portuguese Consulate in your native country or at Portugal’s immigration office, Serviço de Estrangeiros e Fronteiras. Candidates must also provide a contract of employment and tax residence documentation in addition to providing proof of income for the previous three months

Portugal's New 'Digital Nomad Visa' For Remote Workers

One of the major selling points of the program is that those who qualify can travel visa-free in the Schengen Area, a contiguous group of 26 European Union member nations where people can move around without being subject to border controls.Since the pandemic, Portugal has already experienced a rise in the number of visitors from outside, many of whom have settled there using the D7 visa, sometimes known as a “passive income visa.”

Portugal’s New ‘Digital Nomad Visa’ For Remote Workers

The D7 visa, one of the most economical of its kind, only requires applicants to make €7,200 (about $7,011) each year to be eligible. The income, however, must come from passive investment streams, as opposed to a monthly wage, unlike the digital nomad visa, such as real estate or stock in a corporation.According to Joana Mendonça, head of legal at Global Citizen Solutions, an investment migration company with alarge presence in the Portuguese market, Portugal is popular among remote workers due to a variety of factors, including the country’s

 

Portugal's New 'Digital Nomad Visa' For Remote Workers

proficiency in English, the low cost of living, the country’s pleasant climate, the abundance of co-working spaces, links to key European cities, and the country’s low cost of living.Portugal is one of the most sought-after “golden visa” programs for wealthy American investors, according to Ezzedeen Soleiman, managing partner at Latitude Residency & Citizenship, who stated this to Insider in May.

 

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