Thanks to the program’s relatively low financial requirements, it is accessible to anyone, from anywhere, who can prove that they are able to support themselves financially while staying in Portugal.
While the Portuguese authorities prefer seeing stable, passive income from sources such as pension, fixed-rate interest earnings, royalties of the proceeds of renting movable or immovable assets, applicants that are able to prove that they have stable recurring income from business activities, or even salaried employ, can also apply.
There are 3 ways of meeting the program’s financial self-sufficiency requirements:
Providing proof of long-term, stable, recurring income, or;
Providing proof of sufficiency accessible savings, or;
A combination of the stable recurring income AND savings.
Applying on the basis of stable recurring income:
Given that the Portuguese authorities will wish to determine whether your income is stable, you can expect to have to submit bank statements for up to the past 3 years – especially if you’re applying on the basis of earning a salary or varying business income (i.e. non-passive income). Pension, royalties, dividends and long term rental income is generally preferred.
|MINIMUM STABLE RECURRING INCOME REQUIREMENT (2021) ||PER MONTH |
|Per Individual ||€665 |
|Per Married Couple ||€997.50 |
|Per Additional Minor Dependent ||€199.50 |
|Per Additional Adult Dependent ||€199.50 |
|Per Family of 4 (2 x Adults, 2 x Dependent Minors) ||€1396.50 |
Applying on the basis of savings:
Given that the Portuguese authorities will wish to know that you can support yourself for the entire 2-year period for which your D7 Visa is issued, they’ll wish to see that you have amply adequate savings if you’re applying on this basis. (Treat the below figures as the bare minimums, therefore.)
|MINIMUM SAVINGS REQUIREMENT (2021) ||FOR 2-YEAR VISA VALIDITY PERIOD |
|Per Individual ||€15,960 |
|Per Married Couple ||€23,940 |
|Per Additional Minor Dependent ||€4,788 |
|Per Additional Adult Dependent ||€4,788 |
|Per Family of 4 (2 x Adults, 2 x Dependent Minors) ||€33,516 |
Please note: This article does not constitute immigration or legal advice, and is provided for general informational purposes only. D7 Visa approvals are subject to a high degree of governmental discretion, and the exact income or savings amounts deemed acceptable may vary from one consulate or embassy to the next.
For these reasons it is advisable to check the exact financial and documentation requirements with your local embassy once you’re ready to apply. Also, consider the above amounts to be the bare minimum; the higher your recurring income and/or savings, the better your chances of being approved.