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Golden Visa holders are not automatically tax residents in Portugal unless they spend more than 183 days per year in the country. If you become a tax resident then investment returns from the Fund may also be tax-efficient under Portuguese alternative investment funds regulations. Capital gains from the investment in the Fund are generally not taxed for non-tax residents but always check with a cross-border tax advisor relevant to your situation. Professional tax advice is recommended before making an investment.

The NHR programme offers a flat tax rate of 0% on non Portugal derived income such as dividends, royalties and rental income. Additionally, qualifying overseas pensions may be taxed at a reduced rate of 10% for a period of ten years.

The key requirements for the D2 Visa application include a detailed business plan outlining the viability and economic impact of the business. Applicants must also have proof of business registration in Portugal or an intention to establish a company as well as proof of sufficient financial means, which may include personal savings, business capital, or investments. A valid passport with at least six months of validity and proof of accommodation in Portugal, such as a rental agreement or property deed. Applicants must also have a criminal record certificate from the applicant’s home country and any country of residence in the past five years. Finally, health insurance coverage for Portugal and a Portuguese tax identification number (NIF) and a local bank account.

Investing in an alternative investment fund involves risks, including market fluctuations affecting returns, short to medium-term illiquidity, regulatory or economic changes in Portugal. It is always advisable to consult with financial, tax and legal advisors before investing. Portugal Pathways can put you in touch with relevant independent professionals should you need support.

To qualify for a D7 visa, applicants must demonstrate sufficient passive or recurring income (such as pensions, rental income, dividends, or remote work) to support themselves in Portugal. The minimum requirement is typically the equivalent of Portugal’s minimum wage (€820 per month in 2025), with higher amounts needed for dependents. Applicants must also provide proof of accommodation in Portugal, a clean criminal record, valid health insurance, and the intention to reside in Portugal for more than 183 days per year.