The Portugal Passive Income Visa – also known as a D7 Visa – provides residency status to non-EU / EEA / Swiss citizens, including retirees, who intend to relocate to Portugal and are in receipt of a reasonable and regular passive income.
Interact with other people planning to move to Portugal.
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As someone relocating to Portugal, a Portuguese tax ID, also known as the Número de Identificação Fiscal (or NIF for short) is absolutely essential. We've partnered with our friends at Bordr to get a discount worth $10 on their services. Use the code LTV2021 on the checkout page to avail your discount!
A small note about the apply link, it links to the VFS website for UAE which is where I am at the time of writing this. But you should be able to simply find something similar for wherever you are so make sure you change the country to find information relevant to you!
The D7 visa is an affordable and attractive visa allowing non-EU citizens to get Portuguese residency provided they have sufficient funds to sustain themselves during their stay in Portugal.
This visa is ideal for retirees or entrepreneurs who want to live in Portugal without having to make a major economic investment.
The D7 visa can then be renewed after one year for two successive periods of two years and can be converted into a permanent residence permit after five years.
In order to obtain the D7 Residency Visa, you will have to fulfill several Portugal residency visa requirements.
Present all the necessary D7 application documents to a Portuguese embassy in your country. If your application gets approved, the embassy will deliver a temporary visa allowing you to travel to Portugal. This temporary visa is valid for a period of four months from its issuance date.
Following the temporary visa approval, set an appointment with the Portuguese Immigration and Borders Service (SEF). The appointment consists of a personal interview and the presentation of additional required documentation.
If your interview is successful, a D7 Residency Visa will be granted for an initial one-year period, renewable twice — each visa lasting for two consecutive years.
In order to obtain the D7 Visa, applicants must show that they have a minimum income or pensions for a 12 month-duration of:
D7 visa Portugal required documentation:
Obtaining in your home country the temporary four-month visa can take up to 60 days provided you submitted all the required information.
Obtaining the D7 Residency Visa will depend on where you are applying from in Portugal. Getting an appointment with SEF can take up to 120 days if you reside in Lisbon or Porto. However, it is much faster in smaller towns.
If you hold the D7 Residency Visa, you are entitled to benefit from Portugal’s Non-Habitual Tax (NHR) Regime. The NHR is a generous tax program with numerous benefits pertaining to your global income. It offers tax-free incentives on certain categories for a period of up to ten years.
Below are the types of income that may qualify under the NHR program:
As of 2020, pensioners registering for the NHR tax scheme are now taxed at a rate of 10%.
Most of the information above has been sourced from Global Citizen Solutions. They're a good source for citizenship related queries so if you're into that, give them a look as well.