D7 Visa - Passive Income
The D7 Visa is recommended for people who are retired or who have guaranteed monthly income (such as real estate rental and financial investments, for example). The law shows the visa under the article 58 paragraph 1 of Law no. 23/2007 of July 4 and article 24 d) of Regulatory Decree no. 84/2007 of November 5.
The D7 visa is for obtaining a residence permit and is valid for two entries and for four months, during which the holder must apply to the SEF for a residence permit. If you are a non-EU citizen and intend to move to Portugal on your own funding, the D7 Visa is the perfect option.
For whom?
To apply for this visa, you must present documents that prove the origin and continuity of the passive income. In addition, the visa is also the gateway for independent professionals or freelancers who can prove a constant passive income.
The monthly amount to be proven is, as law, 1 minimum wage in force at the time of the request, but this amount will vary according to your family structure (addition of 50% per adult and 30% for each child)
What's the benefits?
Among the main benefits of the D7 Portugal Visa, we can highlight: Permanent free entry and movement within the Schengen Area; Possibility to live, work and study in Portugal; Tax advantages via NHR (Non-Habitual Resident); Ability to benefit from the Portuguese health system; Fast visa process; Entire family is eligible.
Furthermore, Portugal is a warm-climate country, with a fair cost of living and, as showed above, one of the most peaceful places in the world. That's one of the reasons that people choose Portugal their new home after retirement, for example, going trough the D7 visa process.
What's the requirements?
The main document to be presented when applying for this visa is proof of the monthly passive income required according to your case. In addition, documents such as:
- Passport
- Proof of income
- Health Insurance
- Proof of accommodation
- NIF
- Police report
- And others.
To learn more about this type of visa, if it is the most suitable for your case and the amount of passive income to consider, fill out the form here and we'll contact you.