Portugal’s D7 Visa, often referred to as the “Passive Income Visa,” offers non-EU citizens a pathway to residency in one of Europe’s most vibrant countries. This visa is particularly appealing to retirees and individuals with stable passive incomes, such as pensions, rental income, or investment returns.

Eligibility Criteria:

• Non-EU Citizenship: Applicants must be citizens of countries outside the EU, EEA, or Switzerland.
• Stable Passive Income: As of 2024, a minimum passive income of €820 per month (€9,840 annually) is required. This amount increases by 50% for a spouse (€4,920 annually) and 30% per dependent child (€2,952 annually).
• Proof of Accommodation: Applicants need to provide evidence of accommodation in Portugal, such as a rental agreement or property deed.
• Health Insurance: Valid health insurance coverage in Portugal is mandatory.
• Clean Criminal Record: A background check confirming no serious criminal history is essential.

Application Process:

1. Gather Documentation: Prepare necessary documents, including a completed application form, valid passport, recent passport-sized photos, proof of income, accommodation, health insurance, and a clean criminal record certificate.
2. Obtain a Portuguese NIF: Secure a Portuguese Tax Identification Number (NIF), required for financial transactions.
3. Submit Application: Apply at the Portuguese consulate or embassy in your home country.
4. Attend SEF Appointment: Upon approval, schedule an appointment with Portugal’s Immigration and Borders Service (SEF) to finalize the residency permit.

Benefits of the D7 Visa:

• Residency Leading to Citizenship: The initial residency permit is valid for two years, renewable for three years. After five years of legal residency, holders can apply for permanent residency or Portuguese citizenship.
• Family Reunification: The visa allows for family reunification, enabling immediate family members to join the primary applicant in Portugal.
• Access to Healthcare and Education: D7 Visa holders can access Portugal’s public healthcare system and educational institutions.
• Tax Incentives: Portugal offers favorable tax regimes, such as the Non-Habitual Resident (NHR) status, which can provide significant tax benefits for up to ten years.

Considerations:

• Physical Presence Requirement: To maintain residency, holders must spend at least 16 months in Portugal during the first two years.
• Language Proficiency: Basic knowledge of Portuguese (A2 level) is required when applying for permanent residency or citizenship.

The D7 Visa presents an excellent opportunity for individuals seeking to reside in Portugal with a stable passive income. Its clear pathway to permanent residency and potential citizenship, combined with Portugal’s high quality of life, makes it a compelling choice for many.