The D7 Visa is a specialized category of travel document that was first issued by the Portuguese government in 2007. There are a several names for this visa, including Retirement Visa and Passive Income Visa.
Anyone who is not a citizen of the European Union, the European Economic Area, or Switzerland and who has a sufficient amount of net recurring passive income may apply for residency in Portugal using this residence visa. This income may come through pensions, real estate, intellectual property, financial investments, or transferrable equity.
This visa requires an annual income of at least €8,460, with an additional 50 percent of this amount for the spouse and an additional 30 percent of this amount for any kid who is financially dependent on the applicant. This is true irrespective of the person’s own nation or location.
With this visa, you and your family will be able to establish a legal residence in Portugal. In an attempt to stimulate the economy, it is designed to entice people who are retired or who have other sources of passive income to settle down in Portugal. In addition, those who possess this visa are not prohibited from engaging in any kind of professional activity while they are in Portugal.
You will need to submit a number of applications for residency before the Portuguese embassy will approve your D7 visa application. In accordance with the rules governing the reunion of families, after you have obtained your visa, your immediate family will also be eligible for a residence permit in that country.
Additionally, since this visa is recorded inside the Schengen Information system, it enables you to travel within the Schengen zone without the need for a separate visa.
You are able to enter and travel across the Schengen Area without the need for a visa if you have a D7 visa.
You will be able to apply for a residence permit in Portugal for a period of one year after you have obtained the D7 visa. After that, you will have the option to renew for another two years in a row.
You are eligible to submit an application for permanent residence once you have been legally resident for five years. You may also submit an application to become a Portuguese National by way of the naturalization process. However, in order to become a naturalized citizen of Portugal, you will need to demonstrate a sufficient command of the Portuguese language.
When you become a resident of Portugal, you are eligible to receive various advantages that are provided by the Portuguese government. These advantages include the following:
When you have obtained the D7 visa, your family will be able to travel to Portugal to join you there. In order to reunite your family, you will need to submit a request to SEF. In order to participate in this program, you will need to provide documented evidence of your familial ties to each and every member of your family that you want to include.
Non-habitual residents may take advantage of a specialized tax policy in Portugal known as NHR (non-habitual resident). Because of this scheme, you will not be required to pay any taxes on any income derived from outside the country, or you will only pay a very little amount.
To qualify for a Portugal D7 Visa, one must satisfy a predetermined list of requirements. If any of the following apply to you, consider applying for a D7 visa for Portugal: