The approach might seem suspicious because we refer to the country itself, but the data are clear and corroborate: according to the 2023 Annual Global Retirement Index, published at the beginning of the year by International Living, Portugal has consolidated its position as the main residence destination for retired foreign citizens. In addition to the typical criteria such as gastronomy, cost of living, access to health care or housing, others were considered equally relevant, such as affinity/empathy with the country or security in the governance system and where Portugal obtained an impeccable classification, standing out as the only European country on the podium. For this brilliant performance, another criterion that reflects the perception of a safe immigration process, a visa application specific to your specific circumstances, as well as the associated tax and social benefits, concurred. Confirmed: Portuguese immigration law provides for the D7 residence visa, applicable to foreign citizens who, by proving their passive income, intend to establish their residence here legally. The main requirements are clear: - Prove a regular and continuous source of passive income in a monthly amount equal to or greater than €760.00[1] – in addition to retirement pensions, other sources of passive income may also be considered, such as shares, real estate income, dividends from foreign companies; - Prove the availability of means of subsistence in the national territory, through a bank deposit of €10,000.00 or more; - Present proof of accommodation in Portugal, either through a lease agreement with a duration of one year or more, or through the purchase of property. - In addition to the specific requirements, the D7 visa applicant should consider the other generic documentation for a residence visa application, such as the passport and criminal record certificate. Once the visa has been issued, the holder must travel to Portugal within its validi

BP ALGARVE REALTY has another service with customers in mind and to facilitate the most varied processes of a property purchase, namely bank credit where they can help you get the house you have always dreamed of! With this service, the entire process of granting credit is handled in full until financing. As they are used to dealing with loan applications in banks and know all the steps, the process ends up becoming faster than if it were the consumer who took care of everything without any support. The advantages extend to having greater bargaining power vis-à-vis the common consumer. As there is a privileged relationship with banking institutions and a lot of experience in negotiating, they are usually able to obtain the best conditions for the credit they need. This may imply, for example, lower interest rates than those charged by banks. Thus, you will be able to save time with bureaucracy and also money, since the intermediary may be able to negotiate more attractive conditions. Contact us for more information. And by the way, do you know what documents you need to buy your dream property? - Citizen card - Last IRS - Settlement note - Last 3 payslips - Bank statements And in a short time you will have the necessary credit for the acquisition of the property!

Portugal is one of the sunniest and hottest Countries of Europe, but also one of the smallest. The Algarve is the southernmost Region of Portugal and is largely due to the District of Faro.