There are a few ways to get residency in Portugal, and Portugal D7 Visa is one way to get this right. As a residency program, D7 has been providing residency for passive income holders since 2007.
If you’re a citizen outside of the regions of the EU, EEA, and Switzerland, you can apply for this residency program.
Learn more about this schedule below.
What is D7 Visa?
As an initiation to boost the economy, Portugal introduced D7 Visa Portugal in 2007.
You can benefit from this schedule if you have a regular and passive income like a pension, an income from real estate, or financial investment. Income generated from intellectual property is also considered eligible as a passive income.
To be eligible, you need to be a non-European citizen. In addition, your yearly income must be at least €8,460.
It’s also possible to include family members in the program.
You can apply for Visa D7 Portugal at the Portuguese consulate in your area.
Let’s now check the benefits of obtaining D7.
Portugal D7 Visa: Benefits
When you become a holder of the D7 Visa, you can have access to benefits such as mobility rights in the Schengen area, and the potential to become a permanent resident. More benefits of having a D7 Visa are listed below.
You Can Conduct Business in Portugal: Doing business in Portugal is available through this visa without any restrictions.
You Can Get a Permanent Residency: D7 Visa Portugal provides a one-year residency at first. After this period, renewal becomes available every two years. At the end of five years, you can apply for permanent residency.
Similarly, you can apply for Portuguese citizenship provided that you pass a language test.
Visit Schengen Countries Without Restriction: Visa-free travel in the Schengen countries is possible when you get your D7 Visa Portugal.
Add Your Family Members: Some family members can be included so that they can also get a residency right with the main applicant. Proof of such a relationship is necessary while applying.
Find the eligible family members below:
- Main applicant’s spouse or partner
- Main applicant’s children under the age of 18, and children over the age of 18 if they’re single and students. Disabled children of the main applicant and/or of the spouse/partner can be included as well
- Main applicant’s minor siblings
- Dependent parents of both the main applicant and the main applicant’s spouse or partner.
Potential To Become a Tax Resident: The non-habitual residency (NHR) program in Portugal provides tax exemptions on many of your foreign income. You can enjoy this benefit for the first 10 years.
To benefit from this right, you need to become a tax resident in Portugal. This means that you must spend at least 183 days of the year in Portugal.
Access To Public Services: You can have access to public health and education service when you become a resident in Portugal. You’ll also have access to the legal system in Portugal.
D7 Visa Portugal Requirements
Portugal d7 visa requirements are included below:
- Clean criminal record
- Being a non-EU/EEA/Swiss national
- Proof of your residence address in Portugal
- Sufficient funds to maintain yourself in Portugal
- Spending a minimum of 16 months in Portugal in the first two years. The next three years of residency entail spending 28 months in Portugal. Absence for six successive months may end up with the cancellation of your permit.
Now that the D7 Visa Portugal requirements are covered, you can learn how to apply for the visa.
How To Apply For Portugal D7
- Get a Portuguese tax number, which is the NIF number
- Create a bank account in Portugal
- Indicate your accommodation by buying or renting a property in Portugal.
- Prepare necessary documents, then apply for an appointment with the Portuguese consulate
- Finally, enter Portugal with your D7 Visa Portugal. This will provide you with up to four months of residency. During this period, apply for a residence permit.
So, this is it. If you think you’re suitable for the program, don’t wait longer and apply today!