In recent years, Portugal has become one of the top destinations for digital nomads, drawn by its climate, people, entrepreneurial ecosystem, and above all, the opportunities offered by its D8 Visa, specifically designed for this group of professionals.
This visa allows individuals to reside and work in the country while collaborating with foreign companies or managing their own businesses. Flexibility, competitive living costs, and an appealing cultural environment are just a few factors driving its growing popularity.
Features of Portugal’s Digital Nomad Visa
The D8 Visa grants an initial stay of up to two years, renewable, allowing holders to work remotely for non-Portuguese companies. To be eligible, applicants must meet strict requirements, including:
- Minimum Monthly Income: Applicants must demonstrate earnings equivalent to four Portuguese minimum wages (around €3,280).
- Proof of Employment or Professional Activity: This includes an employment contract, employer declarations, and proof of income for the last three months.
- Residential Stability: Evidence of at least four months of a rental agreement in Portugal is required.
- Health Coverage: Valid health insurance is mandatory for obtaining the visa.
These requirements ensure that beneficiaries have the necessary resources to live comfortably in the country.
Portugal: A Booming Destination for Digital Nomads
Factors such as a Mediterranean climate, advanced digital infrastructure, and an affordable lifestyle make Portugal a competitive destination, especially compared to other European countries.
According to industry spokespeople, the number of applications for the D8 Visa has not only remained steady but has grown consistently over the past 12 months.
This trend is particularly noticeable among U.S. and British citizens, who find Portugal a viable and economical option compared to the high living costs in their home countries.
Another key attraction is undoubtedly the Non-Habitual Resident (NHR) tax regime, which was restructured this year to encourage the arrival of professionals and entrepreneurs. The regime offers a flat 20% income tax rate on earnings generated in the country (compared to the general maximum rate of 48%) for a period of 10 years.
Additionally, passive income such as dividends, interest, and royalties generated outside Portugal will continue to benefit from tax exemptions as long as they meet the criteria established under the regime.
A Fertile Ecosystem for Innovation and Entrepreneurship
Portugal’s appeal is not limited to personal benefits. The country has cultivated a vibrant entrepreneurial ecosystem, with Lisbon, Porto, and the Algarve standing out as technological and business hubs. Renowned events like the Web Summit, held annually in Lisbon, have cemented Portugal’s status as a global center for technological innovation.
In 2024, the event broke participation records, attracting local and international startups and generating significant investments. This environment not only supports established entrepreneurs but also fosters collaboration between digital nomads and startups, creating a dynamic and diverse community.
Interested in becoming a Digital Nomad in Portugal?
If you meet the legal requirements, AIM Global is fully equipped to address your needs. We have offices in Lisbon and a team of professionals well-versed in Portugal’s financial and legal landscape.
Additionally, we were present at the latest edition of the Web Summit, and we actively build connections within the entrepreneurial and technology sectors every day.
Do not hesitate to schedule a meeting with us. Start making your dreams a reality today and become a global citizen with the help of AIM Global.
