Relocating to Portugal: Residency and visa routes for international individuals and families

According to data published by Portugal’s Agency for Integration, Migration and Asylum (AIMA), the number of foreign citizens residing in Portugal has almost quadrupled in size over the last seven years, reaching approximately 1.5 million. This is a record high and represents 15% of the overall population.

Many international individuals are being drawn to Portugal and Madeira for the high quality of life, mild climate, and, specifically in Madeira, for a quiet, safe, and welcoming environment.

This article explores the benefits of relocating to Portugal and Madeira and why international citizens are making the leap, the various visa types available and how Fairway can assist individuals and families with relocating.

Both Portugal and Madeira offer a variety of benefits for those looking to relocate to the region. From established international communities to a stable regulatory environment, the region continues to appeal to individuals at different stages of life.

It’s an exciting environment for entrepreneurs

If you’re looking to start or expand a business in a stable EU economy, Madeira and Portugal provide compelling opportunities. Being in the same time zone as the UK facilitates seamless communication and coordination with colleagues, clients, and businesses based in the region. Madeira also attracts highly skilled individuals who appreciate its natural beauty, quality of life, and safety. Investing in Madeira means capitalising on its strategic location, favourable tax regime, political and economic stability and world-class infrastructure.

Portugal and Madeira’s tax environment is a key consideration for many entrepreneurs, and has drawn many individuals to the island, seeking to capitalise on its favourable fiscal policies while remaining within the EU regulatory framework. Companies operating in Madeira's Free Trade Zone can benefit from a reduced corporate tax rate of 5% for eligible activities, compared to the standard Portuguese rate. Madeira's status as a ‘tax-friendly’ jurisdiction is further bolstered by its membership in the European Union and OECD. 

It’s restful for retirees

Many retirees are making the move to Portugal as it offers a high quality of life, with mostly sunny days, a low cost of living and top-tier safety, Madeira and Portugal rank as a leading European destination.

With friendly locals, sandy beaches and the recent tax adjustments for retirees, it’s no wonder many are swapping the busy international lifestyle for a calm and satisfying new phase of life in Portugal.

For many, relocation decisions also involve careful consideration of income sources, residency status and long‑term planning.

It’s never-ending opportunities for digital nomads

Portugal is the dream for digital nomads wanting to work in a sunnier climate. With the launch of digital nomad villages, in 2021, popularity in the area has only increased. Located in Ponta de Sol in Madeira, the village was created to give remote workers a place to live, work and connect in one community. The nomad hub features co-working and co-living spaces, regular events, networking opportunities and many other benefits.

Madeira is consistently ranked as a top 10 global destination for digital nomads, and this innovative thriving digital nomad village is a key reason why, having welcomed thousands of remote workers since its launch.

However, remote workers must ensure that their visa status aligns with their working arrangements, income sources and length of stay.

How Fairway can help

Fairway assists with D2, D7 and D8 visa applications and will provide a suite of professional services. Fairway’s expert team offers support at key stages of the relocation process,, ensuring a smooth and well-managed visa application.  

Our local presence and the ability to communicate fluently in Portuguese, enables us to provide clients with a seamless and efficient registration process and ensures direct access to the Madeira authorities, up‑to‑date regulatory guidance, and proactive support, enabling us to deliver a highly responsive and personalised service.

* According to AIMA