Portuguese residency requirements include a bank account and NIF number before proceeding with your investment and submitting your application. Once you have your NIF number, you can then set up a bank account. A bank account is required, as monies must be transferred to your Portuguese bank account to fund your investment. Again, you should strongly consider hiring a lawyer for this step. Many have connections with local banks and can aid in a seamless process. It is simple to open with only a few items required. NIF number; Passport or state travel document; Active telephone number capable of receiving SMS messages; Proof of address from country of residence; Proof of income; Deposit into the account of €250 EUR to €300 EUR. If you plan to be present for opening a bank account, you will need to bring the documentation listed above with you. The documentation you can bring to showcase proof of address includes a foreign bank statement, custom forms, or a sim card delivery note. We also advise having the €250-300 EUR in cash for an even smoother process. This entire process should take you no longer than 20 minutes, and you’ll be walking out another step closer to obtaining your Golden Visa.