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Golden Visa advantages?

4 years ago
From reading this forum, it appears there is no real advantage to working toward a golden visa vs. a D7 if we are planning on retiring in Portugal for most of the year. But then I read about the nightmares people are having with the San Francisco office processing D7 applications.
We are a 65-ish couple in the U.S. who are looking to retire in Portugal. We can manage the financial requirements of the golden visa, although honestly, the 500,000 investment in a house buys a lot more than we need in the more rural northern areas we are looking at (see my other post). We aren't looking at a coastal area, which I see are now off-limits for the golden visa. (And is it true that we would get a 20% discount on the required house investment for a rural area?)
So, is there any advantage to us going the golden visa route? Any more efficient process? Any better tax advantages?--we don't plan to work in Portugal, but will live off of savings and pension.
I'm still trying to wrap my head around the steps involved in working toward a residence permit. I gather we need to visit Portugal and get a NIF number and a bank account. Then we need to come back and apply for a temporary residence permit? Can this or any following steps be done in Portugal to avoid the San Francisco consulate backlog? Any difference in practical steps for the golden visa?
Thanks so much for your help!

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William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
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William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
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Contribute to Portugal Network Contribute
Help others in Portugal by answering questions about the challenges and adventures of living in Portugal.

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