Looking to obtain residency in Portugal without the need to make a significant property investment? Aimed at attracting affluent applicants with the means to support themselves through stable passive income, the D7 Visa is a relatively unknown, but highly compelling alternative to the Portugal Golden Visa.
Find out more about the benefits of this passive income visa below, or contact us now for more information.
How much does the D7 Visa cost?D7 Visa Portugal2021-04-03T08:41:34+00:00
Compared with the Portuguese Golden Visa, the D7 Visa is dirt cheap. Whereas the Golden Visa has a minimum investment requirement of €280,000, and typically €350,000, both excluding significant transfer duties and ancillary costs, the D7 does not have an investment requirement at all.
And while your Golden Visa services fees can be as high as €30,000 for a married couple and more for a family, you can expect to pay as little as €3,000 in professional service fees for your D7 Visa application as a single applicant, and only €3,500 per married couple.
In addition, while the governmental application and processing fees for the D7 Visa does vary depending on where you’re applying from, you can expect the total cost per person for this component to come in at less than €450 per person.
Contact us now to find out more.
How can Britons get Portuguese residency after Brexit?D7 Visa Portugal2021-04-03T08:25:23+00:00
Looking for the easiest ways to get Portuguese residency post Brexit as a British citizen? The D7 Visa and Portuguese Golden Visa are both viable options for Britons seeking to settle or retire in Portugal in 2021.
While the Golden Visa requires a property investment of at least €280,000, and generally €350,000, the D7 Visa has no property investment requirement – although you will be required to have an address in Portugal.
The key requirement for the D7 Visa is proving that you’ve got sufficient recurring income to support yourself and any dependents while living in Portugal.
While pension, royalties, rental income and dividends are preferred as income sources, many applicants apply on the basis of savings and business income or salaried income, or on a combination of these.
The minimum monthly recurring income requirement for the D7 is €665+ for a single applicant, and €997.50 for a married couple. Find out more about the exact D7 Visa requirements here.
Can Britons still live in the EU after Brexit?D7 Visa Portugal2021-01-20T14:41:18+00:00
Yes, they can. Having now left the EU, UK nationals are eligible to apply for a range of EU residency visas, including the D7 Passive Income Visa and the Portuguese Golden Visa, as well as the Spanish Non Lucrative Visa and the Italian Elective Residency Visa – provided that they can meet the financial self-sufficiency criteria of these programs. Find out more on the rest of this site…
Easy Residency in Portugal for UK Citizens in 2021?D7 Visa Portugal2021-01-12T16:23:37+00:00
Looking for the simplest path to Portuguese residency as a UK citizen post-Brexit? The D7 Visa is increasingly in demand among Britons looking to settle or maintain freedom of movement within the EU in 2021.
While the program does require you to settle in Portugal for at least 4, and typically 6 months per year, a key advantage of the program there are no minimum property investment requirements as is the case with the Portuguese Golden Visa. You will however be required to submit proof of having an address in Portugal.
In addition, you’ll have to have either significant savings or a stable passive income stream of at least EUR635+ per month as a single applicant, and around EUR950+ per month if you’re applying as a married couple.
Find out more about this Portuguese passive income visa here, or contact us now or more information.
Does Portugal Have A Non Lucrative Visa?D7 Visa Portugal2021-01-09T15:31:41+00:00
Yes, the Portuguese non-lucrative residency visa is formally known as the D7 Passive Income Visa. While the residency visa requires applicants to spend a minimum of 6 consecutive months per year in Portugal (similar to the Spanish Non Lucrative Visa), it can lead to citizenship after only 5 years, whereas Spanish citizenship can typically only be obtained by non-EEA nationals after a period of 10+ years. In addition, the D7 Visa Program features some of the least onerous financial requirements of any EU residency visa currently available. Find out more here, or contact us now for more information.
Do I need to buy a property to apply for the D7 Visa?D7 Visa Portugal2020-10-28T06:47:11+00:00
You are not required a property in Portugal to apply for a D7 residency visa, however you will be required to submit proof of accommodation in Portugal. A rental agreement should typically suffice.
Should you wish to buy a home in Portugal, there are no minimum purchase price requirements, however it is expect that whatever property you rent in Portugal will be “fit for purpose”. In other words, you cannot rent a studio apartment in order to house a family of 5 people.
How long does it take to get a D7 Visa?D7 Visa Portugal2020-10-28T06:44:32+00:00
The application process for the D7 residency visa can be completed in as little as 3 to 4 months, however given the impact of Covid-19 lockdowns and international travel restrictions, you should expect the process to take approximately 6 months to complete.
Can Hong Kong nationals apply for the D7 Visa?D7 Visa Portugal2020-10-28T06:42:55+00:00
As of late 2020, Hong Kong citizens can apply for the D7 Visa, provided they can meet the minimum passive income requirements.
Can Iranians apply for the D7 Visa?D7 Visa Portugal2021-01-22T12:10:17+00:00 Can Americans apply for the D7 Visa?D7 Visa Portugal2020-10-28T06:34:18+00:00
USA citizens can apply for the D7 Visa, provided that they can meet the program’s requirements, and the passive income requirement, in particular.
Is the D7 Visa only open to retirees?D7 Visa Portugal2020-10-28T06:25:51+00:00
No. Provided that you can meet the minimum passive income requirements of the D7 program, and that your source of passive income can be reasonably expected to remain stable over time, you can apply for this Portuguese residency visa category.
What are the minimum passive income requirements for the D7 Visa?D7 Visa Portugal2020-10-28T06:24:24+00:00
In order to be eligible to apply, you need to earn at least €635 per month as an individual (€7,620 per year). As a married couple, your combined passive income should be at least €952.5 per month (€11,430 per year), so an additional €317.50 per month for your spouse).
For every dependent child being applied for, the minimum monthly passive income requirement increases by €190.50 (€2,286 per year) which is around 30% of the minimum national wage in Portugal.
What age do I need to be to apply for the D7 Visa?D7 Visa Portugal2020-10-28T06:21:59+00:00
In order to apply for the D7 Visa, you have to be at least 18 years of age at the time of application. As of November 2020, no formal guidelines have been provided in terms of the maximum acceptable age limit, however the program is exceedingly popular among wealthy retirees.
CAN I APPLY ON THE BASIS OF SAVINGS?
The Portuguese immigration authorities may, at their sole discretion, approve your application based on accessible savings. In such instances, you will be expected to have a minimum of €23,940 in savings as a couple – that’s €7,980 x 2 (€15,960) for the primary applicant, and an additional €7,980 for your spouse, to cover your living expenses and accommodation for the 2-year period for which the initial residency permit is authorised.
For every additional dependent, you’ll have to show €4,788 (30% of the minimum wage for 2021 x 24 months).