A year ago, Mikhail and Olga received their Portuguese residence permits by investment in order to move there and open a chain of jewelry stores. Mikhail’s parents moved together with them. However, Olga’s parents could not be included in the application because of the age restriction in the Portuguese residence permit program. They received a residence permit a year later using the option that allowed them to be added to the original application.

Our clients: a family from St. Petersburg

Супруги Михаил и Ольга
Mikhail and Olga

Mikhail is the owner of a chain of jewelry stores. His wife Olga is a designer. They wanted to move to Portugal together with their parents..
The names and photographs of the clients have been changed

Валентина и Игорь
Valentina and Igor

Mikhail's parents
The names and photographs of the clients have been changed

Людмила и Владимир
Lyudmila and Vladimir

Olga's parents
The names and photographs of the clients have been changed

Why Olga’s parents did not receive a residence permit immediately together with the main applicant

The Portuguese residence permit by investment allows including the spouse, children under 26 years old, and parents over 65 years old of the main applicant and their spouse. At the time, Mikhail’s parents Valentina and Igor were 70 years old, while Olga’s father Vladimir was 65 years old and her mother was 64 years old. As a result, Mikhail’s parents were included in the application, but Olga’s parents were not.

The couple wanted to move to Portugal immediately after obtaining their residence permit in order to register their company, rent a building to use as their store and negotiate with suppliers. Therefore, they used the residence permits for themselves and Mikhail’s parents and moved to Portugal together. They settled down in their new country of residence and helped Mikhail’s elderly parents adjust to life in Portugal.

In order to arrange for Olga’s parents to migrate to Portugal, the couple used the option of adding family members to the application. after receiving their Portuguese residence permit by investment.

How the parents’ age affected obtaining a residence permit

Family members Parents of the main applicant Parents of the main applicant’s spouse
👵 Mom 70 years 64 years old
👨‍🦳 Dad 70 years 65 years old
When the parents received their residence permit Together with the main applicant A year after the main applicant

Who can be added to a Portuguese residence permit program

Under the terms of the Portuguese residence permit program, any family member who meets the criteria of the program in terms of relationship and age can be added at a later date. This includes children under 26 and parents over 65. They can be added to the program at any time once the main applicant’s residence permit has been issued.

Olga and Mikhail used this procedure to add Olga’s parents a year after they received their Portuguese residence permit.

Terms for adding family members to the Portuguese residence permit

Family members Terms
Spouse No special conditions
Children under 18 years old Can be added at any time during the validity of the main applicant’s residence permit
Children 18 to 26 years old Adult children must be financially dependent on the investor, registered at the same address, and must be enrolled as students at a university
Children older than 26 years old Cannot be added
Parents aged 66 or older Can be added
Parents up to 65 years old inclusive Cannot be added

Why Portugal is suitable for senior citizens

Health insurance is a must for anyone who wants to move to another country. Older people often have chronic illnesses, so getting health insurance can be difficult. For example, in Austria it is problematic for a foreigner suffering from chronic diseases to obtain medical insurance for a residence permit.

One of the goals of Portugal’s migration policy is to attract as many wealthy people as possible from abroad. They are offered quality treatment at low prices within the framework of the country’s basic health insurance program. As a result, foreign applicants for Portuguese resident permits can be issued medical insurance policies regardless of whether they have chronic diseases.

However, even in Portugal, applicants with life-threatening or terminal illnesses cannot get health insurance.

How to get medical insurance for your parents in Portugal

  1. Contact any medical insurance company in Portugal. They can be found not only in cities but also in towns and villages.
  2. The insurer gives you instructions and refers you to a therapist.
  3. The therapist notes your medical history and gives their opinion.
  4. The parents of the applicant (or the applicant) return to the insurance company, choose a tariff and draw up the medical policy.

A family insurance policy is a popular medical insurance. It costs approximately €120 per month with an additional payment of €120 per quarter. The standard package includes services at Portuguese CUF hospitals that operate throughout the country.

The quality of medicine does not depend on the price of insurance, as all CUF clinics offer a high level of service and use quality equipment. The cost of insurance depends on special options such as emergency evacuation or dentistry. As elsewhere, prosthetics are not included in the insurance policy, they are paid for separately.

€1,920

annual cost of family insurance

Portugal provides quality medical care for all age groups. Many specialized medical centers and nursing homes have been opened and there is an efficient state network of hospitals in operation. Combined with the Mediterranean climate and excellent ecology, this explains why the average life expectancy in Portugal is 78 years.

How parents can be added to the residence permit program

Family members can be added to the main applicant’s Portuguese residence permit only after they have taken out a valid medical insurance policy, proved their kinship to the main applicant or their spouse, proved their permanent source of income abroad, and passed the Due Diligence check.

Documents required for Olga’s parents in order to be added to the Portuguese residence permit program. Immigrant Invest’s lawyers helped them collect and prepare these documents:

  1. Certificate from the Pension Fund, confirming the receipt of a pension in Russia.
  2. Birth certificate of a son or daughter, which indicates that the person being added to the program is a parent of the main applicant or their spouse. The certificate must be translated into Portuguese, but it is not necessary to notarize it.
  3. Certificate of no criminal record.
  4. Medical insurance.
Once these documents had been collected, Olga and her parents contacted SEF, the Portuguese Foreigners and Borders Service. Lyudmila and Vladimir received certificates of approval of their residence permit cards containing their personal data and photographs. They started living in Portugal based on these certificates.

The residence permit cards were sent to Olga’s parents by mail after three-and- a-half weeks.

Living together as a family in Portugal

Mikhail has opened five jewelry stores in Portugal and is actively engaged in business. Sometimes he flies to Russia on business.

Olga is developing design projects for clients all over Europe: she also often travels on business. She meets international architects and colleagues, travels to exhibitions and is expanding her portfolio.

Olga’s parents, Vladimir and Lyudmila, also live in the villa with their daughter, but they often travel to other countries in Europe. They have already spent a month in France and Spain and plan to visit Switzerland, Germany and Italy.

A residence permit in Portugal to open a business, e.g. a jewelry store

Mikhail’s first jewelry store in Portugal

A residence permit in Portugal for designers

Olga is working on a design project

A residence permit in Portugal to open a business, e.g. a jewelry store
A residence permit in Portugal for designers

The couple and their parents live in a villa in the town of Oeiras near the ocean. Mikhail’s parents, Valentina and Igor, often walk along the coast in the morning, read books and relax in the afternoon, and invite guests for dinner in the evening.

The family tries to get together for dinner to discuss what they have done during the day and share their plans. Although they miss Russia, they do not want to return: Portugal has a warm climate and high-quality medicine. They often invite relatives and friends to visit.

A villa in Portugal to live in after obtaining a residence permit by investment

The family’s villa in Oeiras is worth €600,000. The villa has four bedrooms and three bathrooms

A villa with a pool in Portugal to live in after obtaining a residence permit by investment

There is a swimming pool beside the villa. The total area is ​​645 m²

A Portuguese residence permit by investment for retirees

Valentina and Igor by the ocean

A residence permit by investment in Portugal to travel visa-free to Austria

Vladimir and Lyudmila on the Toplitzsee mountain lake in Austria

A villa in Portugal to live in after obtaining a residence permit by investment
A villa with a pool in Portugal to live in after obtaining a residence permit by investment
A Portuguese residence permit by investment for retirees
A residence permit by investment in Portugal to travel visa-free to Austria

Plans for the future

Olga, Mikhail and his parents have been living in Portugal for two years, while Olga’s parents have been there for slightly less than a year. Now the family plans to obtain citizenship. It will not be difficult, because participants of the Portuguese residence permit by investment program only need to pass the language proficiency exam at the basic A2 level.

Conditions that must be met by the main applicant and their family members in order to obtain Portuguese citizenship:

  1. Fulfill the conditions of the state program for investors.
  2. They must have held a Portuguese residence permit for 5 years.
  3. Be over 18 years of age.
  4. Have no criminal record.
  5. Not pose a threat to national security.
Immigrant Invest’s lawyers will help the family to prepare documents and apply for Portuguese citizenship.

Immigrant Invest – licensed agent for government programs in the European Union and the Caribbean.

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