Portugal D7 visa: why the permit is gaining popularity after the abolition of the real estate option of the "Portuguese Golden Visa" and the requirements for obtaining the visa
Table of contents
- Why is the Portuguese D7 visa becoming more and more popular?
- What is a D7 visa?
-
What are the benefits of a D7 visa?
- 1. Moving to Portugal with the lowest costs
- 2. Visa-free travel to Schengen countries
- 3. Working and doing business in Portugal
- 4. Access to quality education and medicine
- 5. A simple way to obtain a residence permit
- 6. The prospect of becoming a citizen of Portugal in five years
- 7. Portugal recognizes second citizenship
- 8. The possibility of obtaining Portuguese citizenship for children
- Requirements for obtaining a D7 visa
- Is it possible to move to Portugal on a D7 visa with my family?
- A package of documents for obtaining a D7 visa
A Portuguese D7 visa can be obtained by financially independent foreigners with passive income. This permit gained particular popularity after the abolition of the "golden visa". Find out the conditions for obtaining a D7 visa in 2024
The D7 visa is gaining popularity among wealthy foreigners following the abolition of the real estate option in Portugal's Golden Visa program. Representatives of countries outside the EU/EEA and Switzerland can obtain a permit.
The visa grants the right to reside in Portugal, subject to passive income. After the cancellation of the "real estate" option in the "Golden Visa" program, this permit became especially popular among wealthy foreigners.
Find out what kind of permit it is and what are the conditions for obtaining a visa.
Why is the Portuguese D7 visa becoming more and more popular?
The method of investing in real estate was one of the most popular methods of obtaining a residence permit in Portugal under the "golden visa" program. However, in order to overcome the housing crisis, the local authorities decided to cancel this option.
Such actions have drawn attention to the D7 visa, which allows citizens of non-EU/EEA countries and Switzerland to obtain a residence permit in Portugal, provided they have sufficient passive income. For example, pensioners, digital nomads or investors can move to Portugal on the basis of this visa.
What is a D7 visa?
The D7 visa is a special residence permit that can be obtained if you buy or rent a property in Portugal and confirm that your monthly passive income from abroad is at least the minimum wage.
After the D7 visa, a cosmopolitan is issued a residence permit for 2 years with the right to work. The permit can also be extended for another three years. After five years, you can apply for Portuguese citizenship.
Residents are required to spend at least 16 months in the country over two years in order to maintain their status.
What are the benefits of a D7 visa?
1. Moving to Portugal with the lowest costs
Expats will get a residence permit for less money than participating in the investment residence permit program. It is enough for the applicant to buy or rent a residential property and confirm that his monthly passive income from sources abroad is at least €820. It is not necessary to invest in the country's economy from 250,000 euros.
2. Visa-free travel to Schengen countries
Expats with a residence permit in Portugal have the right to visit other Schengen countries without a visa for up to 90 days every six months.
3. Working and doing business in Portugal
After the D7 visa, applicants receive a residence permit that gives them the right to work and open companies in Portugal.
4. Access to quality education and medicine
Children of holders of a residence permit in Portugal can teach children in local schools and universities, as well as apply for medical services at the country's clinics.
5. A simple way to obtain a residence permit
The applicant does not need to look for a job in Portugal or present a business project to obtain a visa and then a residence permit. In addition, obtaining a D7 visa may take less time than other visa categories.
6. The prospect of becoming a citizen of Portugal in five years
After five years as a resident of Portugal, an expat can apply for a permanent residence permit or citizenship. A Portuguese passport allows you to travel without visas to 172 countries and choose any European Union state to live.
7. Portugal recognizes second citizenship
A foreigner will not have to give up the passport of the country of origin, if its legislation allows citizens to acquire the citizenship of other countries.
8. The possibility of obtaining Portuguese citizenship for children
A child receives Portuguese citizenship if born in Portugal to foreigners who have a residence permit in the country for at least one year.
You will need health insurance to safely move and find employment in a new country. You can issue an extended policy on our website using the link.
Requirements for obtaining a D7 visa
To obtain a D7 visa, a foreigner must meet the following requirements:
- Confirm the availability of reasonable passive income - it can come from movable property, real estate, rental income, financial investments or intellectual property. The minimum income for obtaining a D7 visa is at least €820.00 per month.
- The age of the applicant must be over 18 years.
- No criminal record.
- Have a health insurance policy.
Is it possible to move to Portugal on a D7 visa with my family?
Yes, in addition to the main applicant, members of his family can apply for a visa:
- husband/wife (without criminal record, in an officially registered or civil marriage),
- children under the age of 18,
- children from 18 to 21 years old (unmarried and not working),
- disabled children without age restrictions,
- brothers and sisters of the investor (under the age of 18, who are under the guardianship of the main applicant),
- parents of the investor and his wife/husband (financially dependent on the investor).
Importantly! If relatives receive a visa together with a foreigner, 50% of the income for an adult relative and 30% for each child must be added.
A package of documents for obtaining a D7 visa
The package of documents for submitting a visa application includes:
- foreign passport;
- two color photographs;
- a certificate of no criminal record from the country of residence;
- lease agreement or title documents for real estate;
- confirmation of family ties for family members: marriage or birth certificates;
- statement from a Portuguese bank;
- a document on the assignment of a taxpayer number in Portugal.
The D7 visa processing period is up to 60 days, provided that the applicants provide all the necessary documents.
We will remind you! Portugal is an interesting country that is one of the leaders in the number of tourists. Considering the large number of sights, fantastic nature and delicious cuisine, tourists will be very interested here. We talked about the main sights of Portugal in detail in our guide.
Igor Usyk - Head of Legal Department at Visit World
For safe relocation to Portugal, obtaining refugee status and employment, use the advice of an international lawyer.
We help to solve complex and simple issues for your comfort and safety in Portugal.
Frequantly
asked questions
What is the difference between a D7 visa and a residence permit for investment in Portugal?
Who is eligible for a D7 visa in Portugal?
What is the disadvantage of the D7 visa in Portugal?
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