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D7 Passive Income visa

Portugal

At a glance

Duration

60 months

Non-extendable

14 month(s) delay

Price

$83.00

Tax rate

20%

Overview

Referred to as the D7 Visa, or alternatively known as the Retirement or Passive Income Visa, this long-term residency visa was introduced in 2007 as a distinct option from the Portugal Golden Visa program, notably requiring no upfront investment. The D7 Visa is designed to cater to retirees, as well as certain remote workers and digital nomads who seek the opportunity to reside in Portugal. This visa is available to non-European Union (EU), non-European Economic Area (EEA), and non-Swiss citizens who have a reasonable source of passive income, which can encompass retirement pensions, financial investments, and real estate income.

To be eligible for the D7 Visa, the primary applicant is required to demonstrate a minimum annual passive income of €8,460. For a spouse, this threshold increases by 50%, amounting to €4,230, and for each dependent child, an additional 30% of the minimum income (€2,538) is required. In practical terms, for a couple with one child, an annual income of approximately €15,300 is necessary to meet the eligibility requirements for the D7 Visa.

Benefits

What are the benefits?

  • Valid for 60 months

  • Tax rate is 20%

  • Is extendable

  • Diploma agnostic

  • Extends to your spouse and minor children

Requirements

The D7 Visa, also known as the Retirement or Passive Income Visa in Portugal, include demonstrating that you have a stable source of passive income and meeting other documentation and financial criteria. Please keep in mind that immigration requirements can change over time, so it's crucial to verify the specific requirements and consult the official website of the Portuguese consulate or embassy for the most up-to-date information. However, here are some general requirements that typically apply to the D7 Visa:

  1. Stable Passive Income: You must provide evidence of a stable and regular source of passive income, which can include one or more of the following:
    • - Retirement pension statements.
    • - Proof of rental income from properties.
    • - Investment portfolio statements.
    • - Dividends or interest income.
    • - Other financial assets that generate income.
  1. Sufficient Income: The income should meet the minimum financial requirements set by the Portuguese authorities. The specific income threshold may vary, so check with the consulate or embassy for the current requirement.
  1. Valid Passport: You need a valid passport with a minimum validity period (usually six months beyond your intended stay in Portugal).
  1. Health Insurance: Proof of health insurance coverage in Portugal is typically required to ensure that you have access to medical services during your stay.
  1. Accommodation: Provide proof of accommodation in Portugal. This could be a rental contract or property ownership documents.
  1. Criminal Record Certificate: Some consulates may require a clean criminal record certificate from your home country.
  1. Visa Application Form: Complete the visa application form, which is available on the website of the Portuguese consulate or embassy.
  1. Passport-Sized Photos: Submit recent passport-sized photos that meet the consulate's or embassy's requirements.
  1. Visa Fees: Pay the visa processing fees, which can vary based on your nationality and the specific consulate or embassy.
  1. Interview (if required): Depending on the consulate's or embassy's policies, you may be required to attend an interview to discuss your application and intentions.
  1. Compliance with Visa Conditions: Be prepared to comply with all visa conditions, including not seeking employment in Portugal and adhering to the maximum stay duration.

Please note that requirements may change, and additional documentation or conditions may apply based on your specific circumstances and the policies of the consulate or embassy where you apply. Always consult the official website of the Portuguese consulate or embassy in your home country or contact them directly for the most accurate and current information regarding D7 Visa requirements and application procedures.

Taxes

This provides the holder with tax advantages for a decade, including a lowered income tax rate of 20% for income earned within Portugal and a 10% rate for foreign pension income.

Tax rate

47%

Who is it for?

The D7 Visa, also known as the Retirement or Passive Income Visa in Portugal, is primarily intended for individuals who have a reliable source of passive income and wish to reside in Portugal for an extended period. It is designed to attract non-European Union (EU), non-European Economic Area (EEA), and non-Swiss citizens who meet certain financial criteria. The D7 Visa is suitable for the following groups:

  1. Retirees: Retirees who receive a retirement pension and want to enjoy their retirement years in Portugal can apply for the D7 Visa.
  1. Passive Income Recipients: Individuals who have passive income from various sources, such as rental income, investments, dividends, or royalties, and wish to live in Portugal.
  1. Remote Workers: Some remote workers or digital nomads who have a stable source of passive income in addition to their remote work income may also be eligible for this visa.
  1. Families: The D7 Visa can apply to family members, including spouses and dependent children, who want to accompany the primary applicant to Portugal.

To be eligible for the D7 Visa, applicants typically need to demonstrate a minimum level of passive income or financial stability. The specific income requirements may vary over time and should be confirmed with Portuguese authorities or the nearest Portuguese consulate or embassy. This visa program aims to attract individuals and families who can contribute to the Portuguese economy while enjoying the lifestyle and benefits of living in Portugal.

What are the steps?

Applying for a D7 Visa, also known as the Retirement or Passive Income Visa in Portugal, involves several steps. Please note that the application process can vary slightly depending on your location and the specific requirements of the Portuguese consulate or embassy in your home country. Here is a general overview of the steps to apply for a D7 Visa:

  1. Determine Eligibility:
    • - Ensure that you meet the eligibility criteria for the D7 Visa, which typically include having a stable source of passive income, such as retirement pensions, investments, rental income, or other financial assets.
  1. Prepare Required Documents:
    • - Gather all the necessary documents, which may include:
    • - A valid passport with at least six months of validity beyond your intended stay in Portugal.
    • - Proof of stable and regular passive income, such as bank statements, pension statements, investment portfolios, or rental income documentation.
    • - Proof of health insurance coverage in Portugal.
    • - Proof of accommodation in Portugal, such as a rental contract or property ownership documents.
    • - Passport-sized photos.
    • - Completed visa application form (available on the website of the Portuguese consulate or embassy).
  1. Financial Requirements:
    • - Ensure that you meet the minimum financial requirements, including the required annual income. The specific income threshold may vary and should be confirmed with the Portuguese authorities.
  1. Submit Your Application:
    • - Schedule an appointment with the Portuguese consulate or embassy in your home country. During the appointment, submit your visa application and all required documents.
  1. Pay Visa Fees:
    • - Pay the applicable visa processing fees, which can vary depending on your nationality and the specific consulate or embassy.
  1. Attend an Interview (if required):
    • - Some consulates may require applicants to attend an interview to discuss their application and intentions.
  1. Wait for Processing:
    • - The processing time for D7 Visa applications can vary, so it's essential to apply well in advance of your intended travel date.
  1. Receive Visa Approval:
    • - Once your visa is approved, you will be notified by the consulate or embassy, and you will receive a visa sticker or stamp in your passport.
  1. Travel to Portugal:
    • - Arrive in Portugal within the visa's validity period.
  1. Register with Local Authorities:
    • - After your arrival in Portugal, you may need to register with the local authorities and obtain a residence permit, depending on the length of your stay.
  1. Comply with Visa Requirements:
    • - Ensure that you adhere to all visa and residence permit requirements during your stay in Portugal.

It's crucial to consult the official website of the Portuguese consulate or embassy in your home country and contact them for the most up-to-date and specific information regarding the D7 Visa application process. Immigration policies and requirements can change, so it's essential to verify the details before proceeding with your application.

Timeline for approval

The application process can proceed smoothly when you meticulously adhere to the correct steps and assemble all the requisite documents. It's crucial to submit your application well in advance of your intended departure to account for any potential delays.

Typically, the timeline for visa approval spans up to 14 days, not counting weekends and holidays. However, during the peak tourist season, which typically falls between April and September, the Consulate may experience higher volumes of applications, potentially resulting in extended response times.

Days required

14

Consular services

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