+44 7393 450837
advice@adamfayed.com
Follow on

Portugal D7 Visa Explained

What is a Portugal D7 Visa and how can it be obtained?

In 2007, the Portuguese government issued a new form of visa known as the D7 Visa, often known as the Retirement Visa or Passive Income Visa. This residence visa allows any non-EU/EEA or Swiss person to apply for residency in Portugal if they have a respectable passive income.

Indeed, the Portugal D7 Visa is a cost-effective and appealing Portugal immigration visa that allows non-EU people to get Portuguese residence if they have adequate finances to support themselves throughout their stay in Portugal.

Pensioners, entrepreneurs who want to live in Portugal, retired foreign citizens, and other expats who have a recognized stable source of income, such as movable property, intellectual property, real estate, or financial investments, may be eligible to apply for the D7 Portuguese Visa and then a residence permit. To be eligible, you must earn a minimum wage set by the Portuguese government.

After one year, the Portugal D7 Visa residence permit can be renewed for two consecutive two-year periods, and after five years, it can be converted to a permanent residence visa. You’ll also be allowed to apply for Portuguese nationality after five years of having a residence permit under the Portugal D7 Visa system, providing you meet the other conditions set forth in the Portuguese nationality law.

The Portugal D7 Visa is a long-term resident visa that does not need investment, unlike the Portugal Golden Visa. This visa is suited for some remote workers and digital nomads, in addition to retirees.

The primary candidate must have a minimum passive income of €8,460 per year. You must contribute 50% to this (€4,230) for a spouse, and 30% to this (€2,538) for a dependent child. To be eligible for the Portugal D7 Visa, a couple with one kid would need to earn roughly €15,300 per year.

If you want to invest as an expat or high-net-worth individual, which is what i specialize in, you can email me (advice@adamfayed.com) or use WhatsApp (+44-7393-450-837).

Portugal D7 Visa Requirements

The requirements to qualify for the Portugal D7 Visa are very simple. The following are the main eligibility criteria for the Portugal D7 Visa:

  • Non-EU/EEA/Swiss national
  • Minimum annual passive income of €8,460 (+ 50% (€4,230) for spouse and 30% (€2,538) for each dependent child)
  • No criminal record
  • Proof of Portuguese residency address (rental or purchase)
  • You must spend at least 16 months  in Portugal during the first two years
  • Be willing to become a fiscal resident of Portugal.

Portugal D7 Visa Application Form

The following are the required documents:

  • D7 application form
  • Valid passport
  • 2 passport-sized photographs
  • Proof of passive income
  • Proof of accommodation (12-month lease agreement)
  • Criminal background check 
  • Valid travel insurance with health coverage
  • 6 months of bank statements
Portugal D7 Visa Explained
Portuguese Passport

Benefits of the Portugal D7 Visa

1. Permanent Visa-Free Entry and Travel in the Schengen Area

The Portugal D7 Visa permits you to enter Portugal as well as the Schengen region (26 EU countries). You can travel without a visa. The Portugal D7 Visa effectively allows you all of the travel privileges of European Union citizens.

2. Family Reunification

Once you get your visa, you can request family reunification. This is where your family members can live with you. You will be required to demonstrate your link to any family members you wish to enroll in the program.

Partner, minor children under the age of 18, dependent children above the age of 18 who are studying, your parents, your partner’s parents, and minor siblings are all eligible for family reunification. All of these people can live and work in Portugal, as well as travel freely throughout the Schengen region and take advantage of all of the visa benefits.

3. Path to Permanent Residency in Portugal

The Portugal D7 Visa permits you to eventually get permanent residency in Portugal. You can gain legal residency in the first year. You can then renew your residence for two years in a row. After five years of lawful residency, you can petition for permanent residency.

4. Path to Permanent Residency in Portugal

The Portugal D7 Visa can lead to Portuguese citizenship. After six years of lawful residency, you can seek for citizenship in Portugal. To become a citizen, you must have an A2 Portuguese language certificate, give confirmation of a Portuguese bank account, and have no criminal record.

5. Tax Incentives through Non-Habitual Tax Regime

You can take advantage of the fiscal benefits by becoming a non-habitual resident (NHR). You can shift your tax residency to the nation under this tax scheme. The following are the advantages of this tax regime:

  • If your nation has a Double Taxation Agreement (DTA) with Portugal, you may not have to pay any tax on pensions, rental income, real estate profits, or income from non-Portuguese sources. Instead, you’d pay taxes in your own nation. Where this is the case, the United Kingdom, the United States, and many other nations have a DTA with Portugal.
  • Your pension income, including retirement savings and insurance, will be taxed at a flat rate of 10% in Portugal.
  • Income from “high value-added operations” is taxed at a rate of 20% in Portugal. Employment and self-employment revenue from scientific, creative, or technological activities undertaken in Portugal are included. For other sorts of domestic income, you will pay the same income tax as regular tax residents.
  • After the first ten years of residency, you will only be taxed on your international income.
  • Foreign interest, dividends, rentals, and capital gains on real estate can all be tax-free.

The following are the requirements for participating in the non-habitual residency program:

  • During the five years preceding the application, you must not have been taxed in Portugal.
  • You must apply for a tax residency certificate if you have been in Portugal for more than 183 days (not necessarily consecutive) in the preceding 12 months, or if you have stayed in Portugal for fewer than 183 days but have purchased property during those 12 months.
  • You must have the legal permission to be in Portugal, which can be obtained through a work visa, a Portugal Golden Visa, or a Portugal D7 Visa, or by being a citizen of the EU, EEA, or Switzerland.

Portugal D7 Visa for UK Citizens

If you are a British citizen who cannot afford the expenditure required for the Portugal Golden Visa, the Portugal D7 Visa is the way to go. After 6 years, you will have permanent residency and perhaps citizenship, allowing you to reclaim your EU rights that were lost as a result of Brexit. As a UK national holding a Portugal D7 Visa, you will be allowed to freely travel across the Schengen region as well as work, study, and reside in any EU country.

Portugal D7 Visa Explained
Portuguese Visa

Portugal D7 Visa Steps & Application Process: How to Get a Portugal D7 Visa

While the Portugal Golden Visa application procedure might take 9 to 12 months, you can receive a Portugal D7 Visa in less than 4 months! Examine the entire application procedure, step by step.

1. Open a Bank Account

Get an NIF number, a valid taxation number, and a bank account. Collect all necessary papers, including a copy of your passport.

2. Secure Housing

Determine if you will rent or purchase a home.

3. Submit Your Application

Submit your application to a Portuguese Embassy after gathering all of your papers and completing out the application. Your Portugal D7 Visa application will cost €75, and your Residency Permit will cost €90.

4. Travel to Portugal

You may go to Portugal and stay for four months after receiving a temporary visa. You must book a face-to-face appointment with SEF (Foreigners and Borders Services) within this timeframe .

5. Appointment to SEF

Bring the following papers to your SEF appointment:

  • Application form
  • Recent photos
  • Passport
  • Proof of sufficient funds
  • Proof of accommodation
  • Criminal record
  • NIF
  • Valid medical insurance

6. Receive Your Portugal D7 Visa

You will receive your Portugal D7 Visa as well as a valid Portuguese resident permit after the appointment.

7. Become a Portuguese Citizen

You can become a permanent resident of Portugal after five years. After six years, you can apply to become a Portuguese citizen, which might take up to a year.

Pained by financial indecision?

smile beige jacket 4 1024x604 2
Become my client
Take client eligibility quiz
Contact

Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share:
Portugal D7 Visa Explained
Featured Topics
Personal Financial Planning Investment Options Investment Providers
Expat Financial Advisor
Living Abroad
Offshore Investment Insurance Providers Finance Financial Review Articles

This URL is merely a website and not a regulated entity, so shouldn’t be considered as directly related to any companies (including regulated ones) that Adam Fayed might be a part of.

This Website is not directed at and should not be accessed by any person in any jurisdiction – including the United States of America, the United Kingdom, the United Arab Emirates and the Hong Kong SAR – where (by reason of that person’s nationality, residence or otherwise) the publication or availability of this Website and/or its contents, materials and information available on or through this Website (together, the “Materials“) is prohibited.

Adam Fayed makes no representation that the contents of this Website is appropriate for use in all locations, or that the products or services discussed on this Website are available or appropriate for sale or use in all jurisdictions or countries, or by all types of investors. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

The Website and the Material are intended to provide information solely to professional and sophisticated investors who are familiar with and capable of evaluating the merits and risks associated with financial products and services of the kind described herein and no other persons should access, act on it or rely on it. Nothing on this Website is intended to constitute (i) investment advice or any form of solicitation or recommendation or an offer, or solicitation of an offer, to purchase or sell any financial product or service, (ii) investment, legal, business or tax advice or an offer to provide any such advice, or (iii) a basis for making any investment decision. The Materials are provided for information purposes only and do not take into account any user’s individual circumstances.

The services described on the Website are intended solely for clients who have approached Adam Fayed on their own initiative and not as a result of any direct or indirect marketing or solicitation. Any engagement with clients is undertaken strictly on a reverse solicitation basis, meaning that the client initiated contact with Adam Fayed without any prior solicitation.

*Many of these assets are being managed by entities where Adam Fayed has personal shareholdings but whereby he is not providing personal advice.

Copyright © Adam Fayed 2023-2024
Categories Index

This website is maintained for personal branding purposes and is intended solely to share the personal views, experiences, as well as personal and professional journey of Adam Fayed.

Personal Capacity
All views, opinions, statements, insights, or declarations expressed on this website are made by Adam Fayed in a strictly personal capacity. They do not represent, reflect, or imply any official position, opinion, or endorsement of any organization, employer, client, or institution with which Adam Fayed is or has been affiliated. Nothing on this website should be construed as being made on behalf of, or with the authorization of, any such entity.

Endorsements, Affiliations or Service Offerings
Certain pages of this website may contain general information that could assist you in determining whether you might be eligible to engage the professional services of Adam Fayed or of any entity in which Adam Fayed is employed, holds a position (including as director, officer, employee or consultant), has a shareholding or financial interest, or with which Adam Fayed is otherwise professionally affiliated. However, any such services—whether offered by Adam Fayed in a professional capacity or by any affiliated entity—will be provided entirely separately from this website and will be subject to distinct terms, conditions, and formal engagement processes. Nothing on this website constitutes an offer to provide professional services, nor should it be interpreted as forming a client relationship of any kind. Any reference to third parties, services, or products does not imply endorsement or partnership unless explicitly stated.

*Many of these assets are being managed by entities where Adam Fayed has personal shareholdings but whereby he is not providing personal advice.

I confirm that I don’t currently reside in the United States, Puerto Rico, the United Arab Emirates, Iran, Cuba or any heavily-sanctioned countries.

If you live in the UK, please confirm that you meet one of the following conditions:

1. High-net-worth

I make this statement so that I can receive promotional communications which are exempt

from the restriction on promotion of non-readily realisable securities.

The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

I had, throughout the financial year immediately preceding the date below, an annual income

to the value of £100,000 or more. Annual income for these purposes does not include money

withdrawn from my pension savings (except where the withdrawals are used directly for

income in retirement).

I held, throughout the financial year immediately preceding the date below, net assets to the

value of £250,000 or more. Net assets for these purposes do not include the property which is my primary residence or any money raised through a loan secured on that property. Or any rights of mine under a qualifying contract or insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) order 2001;

  1. c) or Any benefits (in the form of pensions or otherwise) which are payable on the

termination of my service or on my death or retirement and to which I am (or my

dependents are), or may be entitled.

2. Self certified investor

I declare that I am a self-certified sophisticated investor for the purposes of the

restriction on promotion of non-readily realisable securities. I understand that this

means:

i. I can receive promotional communications made by a person who is authorised by

the Financial Conduct Authority which relate to investment activity in non-readily

realisable securities;

ii. The investments to which the promotions will relate may expose me to a significant

risk of losing all of the property invested.

I am a self-certified sophisticated investor because at least one of the following applies:

a. I am a member of a network or syndicate of business angels and have been so for

at least the last six months prior to the date below;

b. I have made more than one investment in an unlisted company in the two years

prior to the date below;

c. I am working, or have worked in the two years prior to the date below, in a

professional capacity in the private equity sector, or in the provision of finance for

small and medium enterprises;

d. I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

 

Adam Fayed is not UK based nor FCA-regulated.

 

Adam Fayed uses cookies to enhance your browsing experience, deliver personalized content based on your preferences, and help us better understand how our website is used. By continuing to browse adamfayed.com, you consent to our use of cookies.


Learn more in our Privacy Policy & Terms & Conditions.

I Consent
I Do Not Consent