The Portugal D7 Visa, also known as the Passive Income Visa or Retirement Visa, was introduced by the Portuguese government in 2007. This residence visa allows non-EU/EEA/Swiss citizens who have a reasonable net regular passive income to apply for residency in Portugal. The income can come from various sources such as pensions, rental properties, investments, or other forms of passive income.
To qualify for the D7 Visa, applicants must demonstrate a minimum annual income of €8,460 for themselves, with additional amounts required for family members (50% more for a spouse and 30% for each dependent child). This visa is particularly attractive to retirees and individuals living on passive income as it provides legal residency in Portugal.
To qualify for the D7 Visa, applicants must meet several criteria:
The application process consists of several steps:
Before applying for the visa, applicants need to obtain a Número de Identificação Fiscal (NIF), which is necessary for tax purposes in Portugal. They also need to open a bank account to demonstrate financial stability.
Applicants must arrange adequate accommodation in Portugal prior to applying.
The application must be submitted at a Portuguese consulate along with required documents such as passport photos, proof of income, health insurance coverage, and evidence of accommodation.
Once granted the D7 Visa (valid for four months), applicants must enter Portugal and apply for a residence permit through SEF (Serviço de Estrangeiros e Fronteiras).
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