D7 Visa or Passive Income Visa Program
The Passive Income Visa Program or D7 Visa is a program that provides residency status to non-EU individuals, (including retirees) who can prove they have regular and reasonable income to live in Portugal.
By successfully applying to the D7 Visa you get the following benefits:
- Work, study or live in Portugal
- Bring any dependent children and parents
- You get VISA-free entry in to all 26 Schengen area countries
- You can create a Business or take a job in Portugal
- You can apply for NHR (Non-Habitual Resident) Tax regime
- After 5 years you can apply for permanent residency or Portuguese citizenship
- You automatically get Portuguese residency rights like free Healthcare and free Education
When you apply for the D7 you have to prove you have passive income – which is any income not originating from a salary you earn in your country of origin.
This includes any income such as pensions, rents, dividends and capital gains and certain types of investment income.
MINIMUM INCOME REQUIRED TO APPLY
- For the main applicant it is 100% of the minimum wage – over €7.600 annually
- Spouse/Parents of main applicant – 50% of the minimum wage per person – over €3.800 annually
- Dependent Children – 30% of the minimum wage per person – over €2.200
It is also recommended to hold the equivalent of 1 years worth of income in a Portuguese Bank account
WHO CAN I INCLUDE IN MY D7 VISA APPLICATION?
MINIMUM STAY PERIODS AND RENEWAL OF D7 VISA
After you successfully apply for your D7 Visa, you get a 2 year residence permit for you and your eligible applicants.
If you wish to maintain your resident status you will need to renew your D7 and that will grant you a 3 year residence permit.
Once those 3 years have passed you can finally apply for Portuguese citizenship.
For both the initial 2 year period and for the 3 year renewal period you are required to live in the country for a minimum of either 6 consecutive months or 8 non-consecutive months.
REQUIREMENTS TO APPLY FOR YOUR D7 VISA:
- Fill out an application form available on SEF website
- Provide Passport or valid ID Document
- 2 Passport Photos
- Travel Insurance with coverage for urgent medical assistance and including repatriation
- Fill out the Criminal Record consultation form from the SEF
- Clean Criminal Record certificate from the country of origin or last country of residence (with residence for more than 1 year)
- Proof of accommodation
- Proof of health insurance coverage
- Proof of income
DO YOU WANT TO MOVE TO PORTUGAL & BUY A PROPERTY ?
HOMZ Portugal can assist you with your entire process, from getting you legal support and assistance if you are applying for a D7 Visa, to finding you the perfect home in Portugal and help you acquire property safely and with confidence.
Please contact us here and let us know how we can help you!
