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Portugal D7 Visa
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Portugal D7 Passive Income Residency Visa for Foreign Nationals
Portugal D7 Visa
Portugal d7 visa enjoys a reputation for being a peaceful and globalized nation in the world. For the past few years, Portugal has emerged as a leading destination for foreign nationals seeking residence in Europe. It offers a high quality of life, financial stability, flexible investment options, freedom of travel, and a world-class education system.
If you are looking for a perfect financial backup plan for you and your family, then a D7 residency visa is the best option for you. The Residency visa for Portugal, also known as Passive Income Residency visa is created for Pensioners, Retired Foreign Citizens, or other foreign nationals who have a stable income in the form of pension, movable property, intellectual property, or other financial investments.
The D7 residency visa allows non-EU citizens who wish to enjoy their retirement life in Portugal or live in their own source of income, irrespective of age. To gain entry in Portugal, you must first apply for a residence permit and demonstrate sufficient income to support yourself and your family members after you get in the country. The source of income could be through real estate investments, pensions, rental properties, or any other.
Key Benefits of D7 Residency Visa
The holder of a D7 visa is entitled to enjoy the following benefits. Read on below to learn about the rights you gain from the visa:
- Avail for the National Healthcare Service.
- Access to the Portuguese National. Education Service and Schools.
- Freedom to live, work, and study in Portugal.
- Include your family members in the application.
- Right to work or carry on any business activity with no restrictions.
- Access to and protection from the Portuguese Law and legal system.
- Visa-free travel within 26 European countries.
- Apply for permanent residency or citizenship after five years.
D7 Passive Income Residency visa- Types
Residence Permit- The D7 visa is nothing but a residence visa that offers you a pathway to residency in Portugal.
Once you start living in Portugal, you may apply for the actual residence permit from the Portuguese Immigration and Borders Service (SEF). You must provide sufficient documents in favour of your application.
If your documents are correct and complete, then SEF will approve your application, based on which you will be granted a residence card. The card will be valid for two years, however, you can renew it after every two years. Holders may apply for a permanent residence permit after five years.
Family Reunification
Holders of D7 residence permits are allowed to include their immediate family members in the application. The family members need to be either dependent on or cohabit with the applicant.
Below is the list of family members you can include in the application:
- Your spouse or partner
- A minor or incapacitated child
- Children older than 18, who are single and studying in an educational establishment in Portugal
- Dependent parents of the main applicant or their spouse
- Minor siblings
Eligibility Requirements for Portugal D7 Residency Visa
- The key eligibility requirement for the D7 residency visa is to show that you have sufficient passive income.
- The minimum income requirements depend on the number of dependents accompanying you to Portugal. They are described as follows:
- EUR 7,200 (INR 6.25 Lac) per annum for a single applicant
- EUR 3,600 (INR 3.13 Lac) per annum for the second adult
- EUR 2,160 (INR 1.88 Lac) per annum per child
- You must hold a minimum amount equal to 12 months’ income within a Portuguese bank account.
- Get health insurance coverage to stay in Portugal.
- Open a bank account in Portugal.
- Clean criminal and health record.
Document Checklist for Portugal D7 Visa
- To apply for the D7 residency visa, you need to submit the following documents:
- Application form
- Copy of passport or other valid travel documents;
- Two recent passport-size photos with the clear background;
- Copy of health insurance policy;
- Criminal record certificate
- Evidence of having residency in Portugal;
- Proof of regular income or passive income;
- Documents providing the amount of pension; and
- Six months of bank statement.
D7 Visa Processing Time
Obtaining the temporary four-month visa may take up to 60 days from the date of submission. Obtaining the D7 residency visa depends on the location from where you are applying. Getting an appointment from SEF can take up to 120 days. Once the interview and the biometric process are done, it takes around three weeks to get your residence card.
If you have any questions or queries related to the D7 residency visa for Portugal, contact (+91) 859 533 8595 or write at [email protected] to speak to our consultants and guide you to move to your dream pathway hassle-free.
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