The D7 Visa, also known as the Passive Income Visa, is designed for non-EU/EEA/Swiss citizens who wish to live in Portugal and have a stable passive income. This visa is particularly attractive to retirees, entrepreneurs, freelancers, and individuals with sufficient financial means to support themselves without needing to work in Portugal.
Key Features
- Residency Through Passive Income: The D7 Visa allows individuals to obtain residency in Portugal based on their ability to support themselves through passive income sources.
- Pathway to Permanent Residency and Citizenship: After five years of temporary residency, D7 visa holders can apply for permanent residency and, eventually, Portuguese citizenship.
- Family Reunification: Immediate family members, including spouses and dependent children, can also apply for residency under the D7 Visa.
Eligibility Criteria
- Passive Income: Applicants must demonstrate a stable source of passive income, such as pensions, rental income, dividends, royalties, or earnings from long-term investments.
- The minimum income required is based on the Portuguese minimum wage. As of 2024, it is approximately EUR 760 per month, but applicants are generally advised to show higher income to increase their chances of approval.
- Financial Means: In addition to passive income, applicants must have sufficient savings or liquid assets to support themselves during their stay in Portugal.
- Accommodation: Proof of accommodation in Portugal, such as a rental agreement or property ownership.
- Health Insurance: Applicants must have valid health insurance coverage for the duration of their stay in Portugal.
- No Criminal Record: Applicants must provide a clean criminal record from their country of origin and any other countries they have resided in.
Required Documents
- Valid Passport: A passport with a validity period extending at least six months beyond the intended stay.
- Proof of Income: Documentation proving the source and amount of passive income, such as bank statements, pension statements, or investment certificates.
- Proof of Financial Means: Bank statements or other financial documents showing sufficient funds to support the applicant and any dependents.
- Accommodation Proof: Rental contract, property deed, or other proof of accommodation in Portugal.
- Health Insurance: Proof of comprehensive health insurance coverage in Portugal.
- Criminal Record Certificate: Police clearance certificate from the applicant’s country of residence.
- Application Form: Completed visa application form.
- Two Passport Photos: Recent passport-sized photographs.
Application Process
- Prepare Documentation: Gather all required documents, including proof of income, financial means, accommodation, and health insurance.
- Submit Application: Apply at the Portuguese consulate or embassy in your country of residence. Some applications may be submitted online.
- Visa Interview: Attend an interview at the consulate or embassy if required.
- Visa Assessment: The application will be assessed by Portuguese authorities, including verification of income, financial means, and accommodation.
- Receive Visa: If approved, the D7 Visa will be issued, allowing entry into Portugal.
- Obtain Residence Permit: After arriving in Portugal, apply for a temporary residence permit at the Portuguese Immigration and Borders Service (SEF).
Cost
| Visa Type | Application Fee |
|---|---|
| D7 Visa (Passive Income) | EUR 90 – 120 |
Note: Fees are subject to change and may vary depending on the location and consulate.
Visa Processing Time
- Processing Time: Typically 60 to 90 days, but this can vary depending on application volume and individual circumstances.
Key Points to Remember
- Sufficient Income: Ensure that your passive income and savings meet or exceed the minimum requirements.
- Complete Documentation: Provide thorough and accurate documentation to support your application, especially proof of income and accommodation.
- Health Insurance: Obtain comprehensive health insurance that meets the requirements for residency in Portugal.
- Renewal and Permanent Residency: The initial D7 Visa is valid for two years and can be renewed for an additional three years. After five years, you can apply for permanent residency or citizenship.
Conclusion
The Portugal D7 Visa offers a flexible and attractive residency option for individuals with sufficient passive income. It is an ideal choice for retirees, freelancers, and financially independent individuals looking to enjoy the lifestyle and benefits of living in Portugal. By fulfilling the income and residency requirements, D7 Visa holders can secure a long-term stay in Portugal, with the potential for permanent residency and citizenship down the line.
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