Apply for Portugal D7 Visa: Passive Income Visa

Apply for Portugal D7 Visa Passive Income Visa
December 28, 2023 | | D7 Portugal Visa |

Portugal is the leading country for those people and families who are looking for residence in the European Union. The country comes with the ability to provide you with uncountable benefits, like transparent tax rules, a stable political and social environment, an excellent quality of life, and more. There is the majority of people who come to this country as the cost of living is low.

If you are considering retiring or emigrating to Portugal without relying on salaried earnings, you are eligible for a D7 Portugal Visa. The D7 Visa, which is also known as a passive income visa, has the potential to provide people with resident status to non-EU / EEA / Swiss citizens, including retirees, who want to relocate to this country and receive a reasonable and regular passive income.

Indeed, a D7 visa has the potential to provide you with uncountable benefits. But getting this visa is not as easy as you think because you must follow several Portugal D7 visa requirements and steps. But you did not want to be overwhelmed because we are here to help you to Retire in Portugal D7 visa in this article.

In this article, we will provide you with an in-depth tool of information to get Portugal D7 Visa 2024. Furthermore, we will give you some crucial information that you should know to get this visa, including requirements, benefits, steps, and more.

So, without making more dalay in our main point. Let us get started.


What Are the Benefits of the D7 Visa?

 As we wrote above, the d7 portugal visa has the potential to provide its holder with numerous benefits. So, here is the list of top benefits that you can get from this visa:

* Moving to Portugal at the lowest cost: The cost of getting Retire in Portugal D7 visa is comparatively lower than the Golden visa in this country. The applicant for this visa only needed to buy or rent a house and confirm a monthly passive income of a minimum of € 760. In order to get this visa, the applicant is not required to invest  €250,0000* in the economy of the country.

  • Working or running a company: The holder of this visa also gets the ability to run or           start a business in Portugal with the help of a passive income visa or D7 visa.
  • Tax optimization: If a foreigner spends over 183 days in this country, then he or she will       become a tax resident. This allows you to qualify for tax benefits of the country.
  • A convenient method to become a resident:  Applicants must not look for a job or               business project to get Retire in Portugal D7 visa. This makes visa processing faster            than  other some types of visas. Furthermore, the applicant is also allowed to get visas        for their entire family.
  • Visa-free travel to Schengen area: Residents with a d7 Portugal visa may visit any area        of Schengen without any issues. Furthermore, they can live in other regions of the state       in half a year.

These are the top benefits that you may get with this visa. Apart from this, you can get other benefits from a D7 visa.

Least Passive Income Requirements for the Portugal D7 Visa

As we mentioned above, there are numerous Portugal D7 visa requirements, and minimum passive income requirements are among those requirements. Applicants must represent a least a passive income of €760/month to get this license. Currently, the minimum passive earning is €760/month. But the government updates it every year.

This requirement also applies to the dependents. A spouse or parent must represent 50% of the income of principal applicants, i.e., €4,560* annually. Furthermore, each dependent child has to demonstrate 30% of the income of the same, i.e., €3,040* annually.

Eligibility Requirements for the Portugal D7 Visa

Besides minimum passive income requirements, other eligibility requirements exist to get a Retirement in Portugal D7 visaHere are the top eligibility requirements for this visa:

  • Have a number of Portuguese NIF (Número de Identificação Fiscal)
  • Have a bank account in Portugal
  • Be aged 18 or over
  • Be a citizen of a non-EU/EEA national
  • Have a zero criminal record
  • Be wanting to become a tax resident in Portugal
  • Meet the minimum passive income requirements
  • Be willing to meet the minimum residency requirement while in Portugal

Required Documents for the Portugal D7 Visa

 There are a few documents that you should gather to get a D7 visa or passive income visa.  The following is the list of documents that are among Portugal D7 visa requirements:

  • Filled-out application form
  • A passport or another valid travel document
  • Proof of accommodation (rental or purchase agreement)
  • Proof of means of subsistence
  • Clean criminal record
  • Portuguese NIF (income tax number)
  • Two passport photos
  • Valid health insurance
  • Letter of intent

The list of documents for the Portugal d7 visa mentioned above is not completed here. You may ask for some additional documents on the basis of income source or other factors.

Step-by-Step Procedure for the Portuguese D7 Visa

You are required to follow the right path to get your Portugal d7 visa. The following are the steps that you should follow to get this visa:

  1. First, you should book your appointment with the Portuguese consulate or embassy in        your country of origin or residence.
  2. After that, you should gather supporting documents for application for a Portugal d7          visa.
  3. Now, you should submit an application with the required documents.
  4. If the application gets approved, then you will get a D7 dual entry through your mail.         The visa is valid for four months from the date of insurance. Furthermore, it allows you       to  visit portugal under the status of an Applicant for D7 Residency.
  5. After visiting Portugal, you must attend an appointment with SEF. The authorities of SEF    will tell you to demonstrate numerous documents, including Portuguese bank account         details, purchase or rental agreements, and more. Moreover, they will collect your                biometric data.
  6. Now, you should pay the permit fee.
  7. At last, you will receive the residence permit through mail at your Portuguese address.


How Flying Colour Relocation can help you?

Flying Colour Relocation is an immigration agency that can help you in getting a visa for your migration. Furthermore, we can provide you with helpful tips and tricks to make your immigration journey more easier.

To learn more about Apply for Portugal D7 Visa: Passive Income Visa, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.

*Please note that this article has been published on 28/12/2023 in accordance with the federal policies and updates at the time of writing. For the latest info please talk to our consultant.