Residence Card - Proof of income

Share experience regarding ownership of property and/or living in Portugal.
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Guest

Residence Card - Proof of income

Post by Guest »

How much is
"the level of income that is above that provided to beneficiries of the Portuguese Social security system"
How many euros per year?
thanks
biffa
CVO Master
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Income

Post by biffa »

This means the minimum wage I think.

You have to be able to show a bank statement with 14 x minimum wage which is currently Euros 374.60 or Euros 5,244.40
Guest

Post by Guest »

Hi
so if you are not retired, your income has to exceed this amount?

How do you prove it if you are starting a business? IS it just a capital lump sum you need?
MAny thnsk
biffa
CVO Master
CVO Master
Posts: 1469
Joined: Wed Jan 08, 2003 3:36 pm
Location: Portimão
Contact:

Income

Post by biffa »

I don't think you need to show "proof of income" but just that you have at least that amount in the bank to support you for one year! You just produce an up to date bank statement with at least that in.

Actually the way things are that amount might just do a couple of months! :)
Guest

Post by Guest »

Obrigado Biffa

We were allowing 12000 euros per yr to live on, does that sound about right?

Many thanks for your help
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