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 passive income requirement.
The minimum passive income thresholds for the program are discussed in more detail below. For starters, individual applicants are expected to earn at least €665 per month (€7,980 per year). It is, however, highly advisable to treat this as the absolute minimum requirement. The higher your passive income earnings, the more likely your visa is to be approved.
As of May 2021, the minimum stable, recurring income requirements for the D7 program are as follows:
|MINIMUM PASSIVE INCOME REQUIREMENT (2021) ||PER MONTH ||PER 2 YEARS |
|Individual ||€665 ||€15,960 |
|Married Couple ||€997.50 ||€23,940 |
|Per Additional Adult Dependent ||€199.50 ||€4,788 |
|Per Additional Minor Dependent ||€199.50 ||€4,788 |
CAN I APPLY ON THE BASIS OF SAVINGS ONLY?
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).