Portuguese E-Residency: What Shall You Know Before Applying?

By ev3v4hn 2 years ago

If you have already heard about the Portuguese e-residency program, you must possess some info. This is a nice program to apply for in case you are involved in remote work. Take a look at this article to learn more and feel aware of what to expect.

First of all, receiving e-residency Portugal is something you can get engaged in using a fully remote way. Portugal is one of the e-residency countries to deal with, and it is thought to be a rather popular option today. There is not too much that you have to plan and request when expecting to receive e-residency. Let’s figure this out!

Step Number One

Your journey on the way to getting a Portuguese e-residency will not actually be too long. But it is also very important to stick to professional assistance when moving between the basic stages of it. The first action that has to be completed is receiving a NIF number. It opens access to all economical operations you can only imagine.

NIF is a tax ID that works for those who have it in Portugal. The key essence of NIF is far more than paying taxes. You need to present it when applying for a certain visa in Portugal and when you intend to buy a property. Apart from this, there are quite a few situations when it turns out to be obligatory. What shall you do to be able to receive a tax number? The first matter to resolve is to choose the right intermediary for such a purpose. A team has to possess relevant experience and know how to deal with potential issues.

The best option to stick to is to order help with your NIF number online. This way, you will not have to waste your time as soon as the process will not take longer than half an hour. Be ready to suggest a copy of your passport (a scan) and proof of address. If you are made to present something else, it is going to be okay. However, this is what turns out to be enough in most cases.

Step Number Two

Apart from receiving a tax ID of Portugal, you also need to devote some time to opening a bank account. When you deal with one of the nice intermediaries, you will be given a choice from several banks. One of the best ones is Novobanco.

Well, as for opening a bank account, you are going to be obliged to present a bit more vital documents. They are as follows:

  • A NIF number;
  • Your passport (EU national ID card will be fine too);
  • Proof of income and address (as for the first one, you may present bank statements);
  • Tax ID from the country of your residence.

Actually, this does not sound like too many docs to get ready. You just need to be consistent enough and ask for help when you feel like you are not sure of something.

Opening a bank account is a crucial matter that has to be dealt with as soon as possible. Once you have it, you are able to buy property, establish your own company, and do much more cool stuff.

One More Step

Isn’t it important to be safe and secure when speaking of assistance from the government? It sure is! But you may realize it only once you come across a difficult situation. So, it is a great idea to get a NISS, which is a social security number, and become a part of this system in advance just to be on the safe side.

There is not too much that has to be done for this. You are going to be obliged to present a passport of yours and a NIF number (as you see, the tax ID is about to be required basically everywhere). Once the docs are uploaded to the site of the intermediary, the team will deal with them. Soon, you will have your own social security number in Portugal. Note that it is obligatory to start paying contributions to be able to receive help later (accordingly, you need to have permanent work for this purpose).

Instead of Conclusion

All in all, applying for a Portuguese e-residency is a wonderful opportunity to stick to. Do not miss it if you want to receive plenty of cool benefits. And, do not forget to ask for the assistance of people who have been working with this for a long time. Choosing a good intermediary is a step that is about to determine half of your success, to tell the truth. So, devote enough time to this matter, and you will be able to enjoy all of the potential advantages later! Have fun then and good luck to you!

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