In order to qualify for the D7 Visa, applicants must be able to prove earning sufficient passive income to support themselves in Portugal without relying on salaried income.
Sources of income that qualify towards meeting this requirement include stable rental income from movable or immovable assets, monthly pension payouts, royalties and dividends. (Dividends can qualify, provided that you are not actively involved in the running of the company from which these payments are received.)
There is no stated minimum personal net worth requirement for the program. However, the Portuguese immigration authorities enjoy a large amount of discretion in terms of D7 Visa approvals. Consequently, you may be required to submit proof of significant available savings, in addition to the stable income requirement.
The minimum stable income thresholds for the program are discussed in more detail below. As of 1 January 2022, the minimum required amount is going up to €705 per month (€8,460 per year).
It is, however, highly advisable to treat this as the absolute minimum requirement. The higher your passive or recurring income earnings, the more likely the chances that your visa will be approved.
As of May 2022, the minimum stable, recurring income requirements for the D7 program are as follows:
|MINIMUM RECURRING INCOME REQUIREMENT (2022)
||PER 2 YEARS
|Per Additional Adult Dependent
|Per Additional Minor Dependent
|Per Family of 4 (2 minor children)
CAN I APPLY ON THE BASIS OF SAVINGS ONLY? (Updated on Monday, 13 June 2022)
Previously, the Portuguese immigration authorities had, at their sole discretion, approved applications based on accessible savings only. In such instances, you were expected to have a minimum of €23,940 in savings as a couple.
That was €8,460 x 2 (€16,920) for the primary applicant, and an additional €8,460 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’d have to have shown €5,076 (30% of the minimum wage for 2022 x 24 months).
But in recent times, at least two leading law firms dealing with the D7 program have indicated that applications based only on savings have been getting rejected in 2022 – regardless of the amount of savings available (even higher than €100,000+).
In addition, there are early indications that the Portuguese authorities are once again starting to enforce the “passive” income requirement rather than accepting “recurring” income. To be clear, historically, and as per the existing legislation the requirement was “passive income” – pension earnings, royalties, rental income, etc. Hence the program historically being referred to as the D7 Passive Income Visa.
Whereas since 2020 and up to the first quarter of 2022, scores of digital nomads and remote workers were being approved for the D7 based on their remote salary or business income streams. As of May 2022, however, it would appear that rejection rates are increasing for applicants that don’t have strictly passive income…
We are monitoring the situation and will provide further feedback on the topic once we receive more feedback from SEF on this…