If you're an American looking to apply for a D7 Visa, opening a Portuguese bank account is getting harder in 2023. Banks like Atlantico Europe ceased offering remote bank account opening for foreigners (aka non-EEA nationals) by as early as September 2021. And sadly, Millenium BCP - one of Portugals largest and most respected banking [...]
Under the D7 Visa program, in order to keep your residency permit renewable, you have to comply with the following in-country presence requirements as stated on the SEF website under the "Duty To Communicate" heading: The minimum time required in Portugal is as follows, as per information published on the SEF site as at 13 [...]
Updated on Monday, 30 March 2023... Yes, they can - although in 2022 and 2023, things got a bit more complicated. During 2020, 2021 and the first half of 2022, the answer was yes - digital nomads could apply for the D7, and scores of them were getting approved. Provided that you earned enough stable, [...]
Can you get a Portuguese Golden Visa retroactively? The answer is yes, potentially – provided that the following criteria are met: The property has to have been purchased after December 2012, when the Golden Visa Program was launched. The property must fall into one of the following pricing categories: The property was worth €500,000 or [...]
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 [...]
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 [...]
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 [...]
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.
As of late 2020, Hong Kong citizens can apply for the D7 Visa, provided they can meet the minimum passive income requirements.
USA citizens can apply for the D7 Visa, provided that they can meet the program’s requirements, and the passive income requirement, in particular.
