Eligibility Requirements to Acquire Portugal D7 Visa

Portugal is a southern European in the Iberian Peninsula. Hailing as one of the oldest countries in Europe, Portugal is known for its medieval castles, coastlines, stunning scenery, and much more.  

The country’s official population is ten million, and the official language of the country is Portuguese. Its capital city, Lisbon, is a popular tourist destination that is famous for its pastel-coloured architecture, cathedrals, and hilly landscape.  

Portugal’s D7 Visa, commonly referred to as the Passive Income Visa has gained popularity for its remarkable features and benefits allowing financially independent individuals to have a secured path to Portugal residency.  

This blog will concisely explore the key benefits, eligibility criteria, investment requirements, and address frequently asked questions about the D7 Visa, guiding you toward a prosperous future through Portuguese residency.  

What is the Portugal D7 Visa? 

The Portugal D7 Visa, also known as the Passive Income Visa, provides financially independent foreign citizens the opportunity to live and work in Portugal. This program is open to all non-EU nationals who are willing to relocate to Portugal for future opportunities.  

This route is ideal for investors seeking residency in Portugal and enables a potential path to citizenship, contingent on specific requirements. Successful applicants receive a residence permit with the right to work in Portugal and are required to spend a minimum of 183 days per year in the country.  

Benefits of Portugal D7 Visa 

Portugal D7 Visa is the perfect choice for investors looking to expand their work horizons. It provides several benefits making it a famous choice for Residency by Investment.  

Here are five reasons why you should consider the path to Residency through the Portugal D7 Visa-  

1. Global Mobility: With a Portuguese residency, investors can access various destinations across the Schengen region with visa-free travel. Ranked as the 5^th best passport in the world, it allows visa-free travel over 191 destinations. This allows individuals with higher flexibility to facilitate work or leisure travel worldwide without meeting strict requirements.
2. Access to Leading Education and Healthcare Services: By living in Portugal, individuals can safeguard the future of their loved ones by benefiting from Portugal’s world-class services. With excellent education systems to well-built healthcare resources, you can be rest assured of an exceptional standard of living.
3. Inclusion of Family Members: The Portugal D7 Visa allows individuals to include family members such as spouses and children under the main application. This provides a robust and lively environment for the future of your loved ones as well as potential citizenship that can be passed on to generations.
4. Ideal Plan for Residency: Portugal’s Residency by Investment program provides one of the most cost-effective and secured routes to attaining residency. The Portugal D7 Visa can be acquired without fulfilling significant investment amounts. This facilitates individuals with an easy, quick, and hassle-free pathway to their dream residency.
5. Path to Portuguese Citizenship: Portuguese residents can apply for citizenship after residing in the country for five years. This promises individuals and families a safeguarded future for generations to come granting access to Portuguese citizenship with increased freedom and opportunities.  

Eligibility Requirements for Portugal D7 Visa 

To obtain a Portugal D7 Visa, individuals must fulfill specific requirements and criteria. This ensures a safe and sound procedure to obtain your residency in Portugal.  

The eligibility requirements are as follows:  

1. Applicant must be a non-EU citizen.  
2. Applicant must have a clean criminal record.  
3. Applicant must provide a record of health insurance. 
4. Applicant must show proof of passive income outside of Portugal.  
5. Applicant must provide proof of monthly income of €820 per month.  
6. Applicant must demonstrate proof of accommodation. (rental or purchased property) 
7. Applicant must open a bank account in Portugal post-visa application process.  
8. Applicant must reside in Portugal for a minimum of 6 consecutive months or 8 non-consecutive months in a year.  

Investment Requirements for the Portugal D7 Visa 

One of the reasons why Portugal’s D7 Visa is a popular choice for individuals seeking residency is the minimum investment requirements. This makes the process of obtaining residency seamless, fast, and affordable. The investment requirements for Portugal D7 Visa are given below:

• Minimum Annual Passive Income of the main applicant: €9,840  
• Minimum Annual Passive Income of Spouse or Parent: €4,920   
• Minimum Annual Passive Income of Child: €2,952