program
Portugal - D7 – Passive Income VisaBusiness Migration
Portugal D7 – Passive Income Visa Program Overview
Minimum Investment
Passive income equal to the minimum wage in Portugal
Minimum Investment
N/A
Time to Residency
4-6 Months
Visa Free Access
Schengen Countries
Portugal D7 – Passive Income Visa
The Passive Income Visa (also known as “D7 Visa”) is a distinct type of visa aimed at foreign citizens, including retirees, who intend to relocate to Portugal and have a stable passive income sufficient to support their stay in Portugal.
The applicant must not be a national of European Union Member States, the European Economic Area, and Switzerland to be eligible to apply. Additionally, they must prove to the Portuguese authorities that they earn enough, regular and reliable passive income.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Proof of passive and reliable income
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 27 years of age
- Dependent parents over 55 years of age
- Parents and children older than 18 must be dependent on the main applicant
Portugal D7 Passive Income Visa Benefits
Freedom of movement
As a permanent resident of Portugal, you are a resident of the European Union, thus you are entitled to freedom of movement in the Schengen area.
Health & Education
You and your family will be able to study in schools or universities across Portugal and enjoy world-class healthcare.
Dual Citizenship
After obtaining your Portugese passport, you are not required to renounce your original passport.
Pathway to citizenship
By fulfilling minimal requirements, you may be eligible for a Portuguese citizenship after 5 years of holding your residency.
High ranked passport
The Portuguese passport is ranked in the top 5 passports in the world for ease of travel.
Ease of travel
Citizens of Portugal can travel visa-free or with visa-on-arrival to over 185 countries and territories including the United States of America, the European Union, Singapore and Hong Kong.
PORTUGAL - D7 – PASSIVE INCOME VISA | Business Migration
Portugal D7 – Passive Income Visa Legal Basis
The Portugal D7 Visa, often referred to as the Passive Income Visa or Retirement Visa, is established under the framework of Portuguese immigration law, specifically designed to accommodate non-EU/EEA/Swiss nationals who wish to reside in Portugal while living off a stable passive income. The legal foundation for the D7 Visa is primarily derived from Law No. 23/2007, of July 4, which governs the conditions for entry, stay, exit, and removal of foreigners in Portuguese territory.
Costs of Portugal D7 Passive Income Visa
Residence Visa Fee
EUR 180
Initial Residence Permit Fee
EUR 180
Application Process For Portugal D7 Passive Income Visa
Application Process
4-6 Months
- Step 1Savory and Partners will prescreen your passport copy for government pre-approval. Down-payment of professional fees to open your application.
- Step 2Savory & Partners’ professional team will assist you in applying for a Portuguese TIN, opening a bank account and securing long-term accommodation.
- Step 3Our team will assist you in scheduling an appointment with the Portuguese Embassy or consulate. If there is no Portuguese Embassy or Consulate in your country of residence, any other Embassy or Consulate that holds the jurisdiction of Portugal can perform the same service.
- Step 4Within 4 months after the residence visa is issued, you are required to present the residence permit application before any Immigration Authorities’ Office. A decision is made within 90 days.
- Step 5Your residence permit is issued to you. This residence permit is valid for 2 years and renewable for 3 years.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Portugal Residency
Visa-free and visa-on-arrival countries
26 Countries & Territories
With the Portugal Permanent Residency you can travel to the following countries:
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
Client Success Stories
Success Stories - A safe and bright future
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Download brochure
Content
- Portugal Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT PORTUGAL
CAPITAL
Lisbon
TOTAL AREA
92,212 km²
POPULATION
10.41 million
LANGUAGE(S)
Portuguese
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.92 Euro
GDP – PER CAPITA (2022)
USD 24,515
GDP – TOTAL (2022)
USD 255.2 billion
About Portugal
Portugal boasts a rich historical and architectural heritage. Lying on the Atlantic Ocean, Portugal offers investors a lifetime opportunity to invest one of the most sought-after countries in which to reside. As a member of the European Union, the Portugal citizenship and Golden Visa Program offers open access to live, work, travel and study in Europe, and the opportunity to avail the country’s healthcare and consumer rights.
Country Background:
- The Portugal citizenship and Golden Visa Program is a legal naturalization program based on the law inviting foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal. The Program has been in effect since 2007.
- The Portuguese Republic is a semi-presidential republic whereby the Government is headed by the presidentially appointed Prime Minister.
- The capital Lisbon is the nation’s largest city. It is continental Europe’s westernmost capital city and its importance lies in finance, commerce, media, entertainment, arts, international trade, education and tourism.
- Portugal has 6 international airports with flights serving all the major airports around the globe.
- Portugal is mainly characterized by a warm temperate, Mediterranean climate with a distinct wet season in winter.
- It is a member of the United Nations, European Union, Eurozone, OECD, NATO, WTO, and Schengen Area.
- The Portuguese legal system is part of the civil law legal system, also called the continental family legal system.
- The Portuguese currency is the euro (€) and the country was one of the original member states of the Eurozone.
- The country trades mainly within the European Union, the US, Canada and Asia and above all South America and Africa where the former Portuguese colonies of Brazil and Angola are major trading partners.
Where is Portugal?
Portugal, officially The Portuguese Republic, is a country in southern Europe. The mainland is located on the southwest of the Iberian Peninsula, bordering Spain to the north and east, and the Atlantic Ocean to the west and south.
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