Passive Income Visa
The passive income earners, like retirees, who intend to move to Portugal may apply for a passive income visa, which is also known as a Portugal D7 Visa, to reside in Portugal as a passive income earner.
Residency in Portugal
The Portugal D7 Visa, also famous as a retirement or passive income visa, is a residency visa that allows any non-EU/EEA/Swiss citizen with a reasonable net regular passive income to apply for residency in Portugal. Remember, this income can be from pensions, real estate, intellectual property, transferable equity, or financial investment.
Legal Residence
The visa allows you and your family members to enjoy legal residence in the Portugal. The visa is intended to attract retirees and other people living on a passive income to reside in this country in order to give a boost to the economy of this country. Furthermore, the holder of this visa is allowed to conduct professional activities in this country.
Non-European Union citizens who are pensioners or retirees are eligible to apply for the Portugal D7 Visa. However, those people must earn from a few sources of income. Here is the list of earning sources that are suitable for non-EU to get the Portugal D7 Visa:
Financial investment
Intellectual property.
Income derived from real estate properties, like rental.
Financial investment, like dividends, income from trusts, and more.
In order to get a Portugal D7 Visa, you should meet certain requirements. Here are the eligibility criteria that you should meet in order to get a Portugal D7 Visa:
You will need a Portuguese NIF number. Remember, the NIF number is generally known as the tax number.
You are required to meet the least stay requirement in this country.
You are needed to come with a clean or zero criminal record.
You will need to provide proof of accommodation.
You will need a Portuguese bank account number.
You must come with health insurance.
You will have to prove financial self-sufficiency.
The Portugal D7 Visa additionally comes with the ability to provide you with uncountable benefits. Here are the top benefits that you can get with the Portugal D7 Visa:
The Portugal D7 Visa comes with the potential to provide you with the ability to travel through the Schengen zone without any additional visa.
An applicant for this visa also has the potential to include dependant children, parents, or spouses. It means that the holder of this visa is allowed to travel with their beloved family.
This visa will additionally provide you with the freedom to live and conduct professional activities in Portugal.
The visa will additionally allow you to obtain residency in Portuguese for your family in as little as 4 to 5 months due to the fact that the visa comes with a fast and easy visa process.
The visa will also provide you and your family with access to world-class health services in Portugal.
The visa will also provide you with excellent access to the Non-Habitual Residency Scheme (Portugal’s special tax program).
Last but not least, you will also gain access to the national education system of this country.
You must show that you have enough money to reside in Portugal for a minimum of one year.
In an effort to get the Portugal D7 Visa, you should follow numerous steps.
Here are the steps that you should follow to get Portugal D7 Visa:
First, you should gather all the documents that you need to get your Portugal D7 Visa. Consult Flying Colour Relocation to get the complete list of documents.
After that, you should get a NIF number and open a bank account in Portugal.
You are also required to secure an accommodation to get your Portugal D7 Visa. Here, you will have to purchase or rent a property in Portugal.
You must have owned or rented a property, like a house in Portugal.
Now, you should submit the application for a Portugal D7 Visa to the Portuguese Consulate in your country.
After the approval of an application, you will receive the Portugal D7 Visa.
Flying Colour Relocation services has the potential to provide you with complete assistance to get your Portugal D2 Visa. We also have the potential to understand and advise which solution is best for a particular case.
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Interested in pursuing an Portugal D7 Visa for yourself or an employee? Let us help! Our experienced staff and immigration attorneys know exactly how to manage an Portugal D7 Visa case. For a consultation, call +971 4 4542366 or email us at info@flyingcolour.com.
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