The Portugal D7 visa (also known as the Portugal passive income visa or Retirement Visa) is a path to permanent residency in Portugal aimed at citizens of non-EU/EEA countries who do not require a salaried, active income. The Portuguese government introduced D7 Visa in 2007. The D7 visa was also launched to help boost the economy of Portugal.
All permanent residents in Portugal can benefit from the D7 Visa, which offers many benefits of d7 visa portugal. One of them is visa-free, free travel to much of Europe. D7 holders can also apply for Portuguese citizenship after five years and obtain a Portuguese Passport. This allows them to travel visa-free around the world. For the D7 Visa, you must meet several criteria, including financial, residency, and criminal history requirements.
It is essential to prove that you are eligible for the D7 Visa. This will prove that you can sustain yourself financially during your stay in Portugal without depending on a regular salary. You should note that since you need to maintain financial stability throughout your permanent residence, it is best to exceed the minimum required. It will also improve your chances of being granted a visa, as SEF might reject your application for lack of financial stability.
If you’re an individual applicant who will not bring family members to Portugal, you’ll need to show that you have at least EUR705 in passive income per month. This is equivalent to EUR8,460 annually. It would be best to meet 50% more of the original requirement to qualify for an additional person. This amounts to EUR352.5 extra per month or EUR4,230 different per year. This would amount to EUR12 690 per year.
You’ll need 30% more than the original amount if you have dependent children. This amounts to EUR211.5 a month or EUR2,568 a year. You can also apply to be a conditional resident if you want to bring your parents to Portugal if they are financially reliant on you. This is only possible once you are settled in Portugal.
You must ensure you meet the D7 eligibility criteria when applying. This includes the ones that relate to your income. IAS is here to help you with any questions or concerns regarding your D7 visa, as well as your move. While in Portugal with your D7 Visa, you must stay for a specific time to maintain your residency status. To qualify for an initial residence permit, you must spend at least 16 months in Portugal every two years. You can’t spend more than six months outside of Portugal every two years.
Each subsequent residence permit requires that you spend at least 30 consecutive months in Portugal. Like the previous statement, you are not allowed to spend more than six months outside of Portugal in three years. To qualify for permanent residence, you must spend at least 30 consecutive months in Portugal. It means you can’t spend more than 24 months outside Portugal in 5 years.