D7 Visa Portugal – Visa for Retirees, Pensioners or Investors
The Temporary Residence Visa, also known as the D7 Visa, is one of the most popular options for non-EU/EEA/Swiss citizens planning to live in Portugal without working locally. This visa is ideal for retirees, investors, and people with passive income. With the D7, you don’t need to invest large amounts of money, buy a property, or start a business- you just need to prove that you can support yourself in Portugal with a regular overseas income. This income can include pensions, investment income, rentals income, dividends, among others.
Application Process:
You’re expected to initially spend at least 4 to 6 months in Portugal to start the application process. As this visa caters to individuals with passive income, it is particularly suitable for retirees or remote workers who can support themselves without relying on the Portuguese job market.
Residency Requirements
You are obligated to physically reside in Portugal for a certain period to maintain the validity of your visa and subsequent residency. In the first two years, you are expected to be in Portugal for at least 16 months. Following this, a two-year temporary residence permit is usually granted, which can lead to permanent residency and potential citizenship with continuous presence in the country. It is also essential to maintain valid health insurance coverage throughout your stay.
What is the Cost of Obtaining the D7 Visas and How Long Does the Process Take?
The application fee is €90, and the process is usually completed in less than 2 months. Later, the issuance of the permanent residence permit costs €222.
What is the Minimum Own Income Required to Obtain This Visa?
This amount varies depending on the number of people in the household. The income obtained by an adult must correspond to at least 100% of the minimum wage in Portugal (€820 per month in 2024). A second adult will add 50% of that amount. Each child, up to 18 years old, represents an additional 30% of the same amount.
For example, for a family of 2 adults and 1 child, a minimum fixed monthly income of around €1,482 is required.
It is also mandatory to have, in a Portuguese bank account, the total amount of sufficient funds for 1 year. In the example given above, it would be necessary to have a total of approximately €17,784 in that account to apply for the D7 Visas.
What are the Main Advantages of the D7 Visas?
In addition to allowing living, working, and studying in Portugal, the D7 Visas offer many advantages:
What is Required to Access the D7 Visas and Where to Apply?
The application for D7 Visas is always done in the citizen's country of origin (outside the EU, EEA, or Switzerland). The necessary documents to apply for these visas are:
Dependent Visa
The D7 visa allows the following family members to obtain a dependent visa:
a) Spouse;
b) Minor or dependent children of the applicant;
c) Adopted minors;
d) Adult children dependent on the applicant;
e) Direct ascendants in the 1st degree of the applicant;
f) Minor siblings under the guardianship of the applicant.
Submitting Your Portugal Residency Application: The Review Process
Ready to take the next step? Here's what to expect after you've gathered your application documents:
Almost There! Final Steps and Your Portugal Residency
Here's what to expect after the consulate approves your visa application:
The investment in real estate in Portugal has been growing, which may increase the interest in the D7 Visas by foreign citizens.
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