Also known as the Passive Income Visa or Retirement Visa, the D7 Visa Portugal has been in effect since 2007.
The main advantage of the D7 Visa is that it grants legal residence for both yourself and your family in Portugal. It’s available for citizens outside of the areas of the EU, EEA, and Switzerland.
You can apply for Portugal D7 Visa if you have a regular passive income. This includes income from real estate, pensions, financial investment, or transferable equity.
Details About D7 Visa
- D7 Visa Portugal aims at retirees and applicants having passive income. In this way, the country aims to develop its economy
- You can be eligible to apply for D7 Visa if your monthly income is at least €1,000. The minimum amount is the same for every applicant, regardless of their country
- You can both get this visa and still conduct business in Portugal
- D7 Visa Portugal provides you the right to visa-free travel in the Schengen area
- Your immediate family can apply for the visa after you obtain your own D7 Visa.
Benefits of Portugal D7 Visa
D7 Visa Portugal offers more benefits than the ones stated above. Let’s find out each of them in more detail.
At first, D7 Visa allows you to have a one-year residency in Portugal. Renewal of residency is possible every two years. You can apply for permanent residency when you complete five-year residency in Portugal. Naturalization for Portuguese citizenship is also possible after this five-year period.
Access to Standard Resident Rights
You can benefit from the following benefits when you become a resident in Portugal:
- National Health Service Care
- Access to Vocational Schooling and to the National Education Service and school in Portugal
- The right to conduct a professional activity in Portugal
- Access to the Portuguese Law and Legal System
Becoming an NHR Resident
There is a taxation program called NHR(Non-Habitual Resident). It allows you to be exempt from many taxes on your foreign income. Through Portuguese residency, you can apply for NHR if you want.
Your immediate family can join you once you get your D7 Visa Portugal. To get this right, you need to request this in SEF, which is the Portuguese Immigration and Borders Service.
Under the D7 Visa, you can add the following family members:
- Your spouse/partner
- Your children under the age of 18 years of age. Or, the disabled children of yourself and/or your partner/spouse. Dependent children who are over 18 years of age can also be included. This condition applies if the children in question are single students.
- Dependent parents of you or your spouse/partner
- You minor siblings.
Portugal D7 Visa Requirements
Portugal D7 Visa requirements are as follows:
- You need to be a non-EU/EEA/Swiss national
- You need to have a clean criminal record
- You need to have the necessary funds to maintain yourself in Portugal
- You need to be able to demonstrate a residence address in Portugal, and
- You need to be able to spend at least 16 months in Portugal during your first 2-year period.
How To Apply For the D7 Visa
- Step 1: Getting a NIF number and a bank account in Portugal. The NIF number is your taxation number in Portugal. You can obtain the number and bank account through a power of attorney as well.
- Step 2: Accommodation. You can rent or buy property in Portugal to indicate that you’ve secured your accommodation.
- Step 3: D7 Visa Application. You’ll apply for an appointment at a Portuguese consulate in your residence area. They will request certain documents.
- Step 4: Application for a residence permit in Portugal. After the abovementioned steps, you need to enter Portugal with your D7 Visa. It grants you a maximum of two entries to Portugal. In addition, it allows you to live in Portugal for up to four months. During this period, you must come to Portugal and apply for a residence permit. You’ll also be asked certain documents to be able to apply for a residence permit.
Minimum Stay Requirement
Within the first two-year period, you need to spend at least 16 months in Portugal. In addition, you need to spend 28 months in Portugal in the subsequent three-year period. Note that six successive months of absence may result in the invalidation of your residence permit.
This was the requirement for a D7 Visa residence permit. For permanent residence, however, you need to stay at least 30 months during each 5-year period in Portugal. In this case, 25 successive months of absence may result in the invalidation of your residence permit.
There may be certain conditions that you may exceed the absence periods as well.
In short, Portugal D7 Visa offers many advantages for applicants worldwide. After taking a look at Portugal D7 Visa requirements, you can apply and enjoy these advantages as soon as possible!