Portugal Golden Visa vs Portugal D7 Visa
At UNO Capital, we take pride in being your premier citizenship experts, committed to accelerating your mobility with personalized solutions. In this blog, we delve into the comparison of two popular routes to Portugal – the Portugal Golden Visa and the Portugal D7 Visa. With our bespoke services, we offer a wide range of citizenship by investment and residency by investment programs, ensuring you have ample options to choose from.
Whether you seek the fast-track benefits of the Golden Visa or the long-term living potential of the D7 Visa, we provide full support from start to finish. Discover which path suits your needs best. Contact us today at +971 4 393 0 393 to embark on your journey to Portugal.
Which Visa Is Right for You?
The Portugal Golden Visa is best suited to individuals seeking a faster and more streamlined path to residency and citizenship in Portugal. It is an ideal option for high-net-worth individuals or investors willing to make qualifying investments, such as real estate, capital transfer, or job creation, to gain residency in the country.
This visa is perfect for those who desire the flexibility to travel within the Schengen Area and enjoy the benefits of living, working, and studying in Portugal without needing continuous physical presence.
On the other hand, the Portugal D7 Visa is better suited to individuals who prioritize long-term living in Portugal and do not necessarily seek citizenship. It is especially suitable for retirees or individuals with a stable passive income.
The D7 Visa allows them to reside in Portugal with the option to travel freely within the Schengen Area for extended periods. This visa is perfect for those who wish to embrace the Portuguese lifestyle, culture, and climate while maintaining ties with their home country.
Portugal Golden Visa
First, the Portugal Golden Visa, which is a highly sought-after residency-by-investment program that offers a fast and efficient pathway for non-EU citizens to obtain residency in Portugal. To qualify, applicants must make a qualifying investment in the country, such as purchasing real estate, creating jobs, or contributing to a capital fund.
The program provides numerous benefits, including the ability to live, work, and study in Portugal, as well as visa-free travel within the Schengen Area. After holding residency for a certain period, applicants may also be eligible to apply for Portuguese citizenship.
The Portugal Golden Visa is an attractive option for investors and high-net-worth individuals seeking a European residency with various privileges and only requires the individual to spend an average of seven days in Portugal. This is ideal for those who spend a lot of time living and working in other countries.
Portugal D7 Visa
Next, the Portugal D7 Visa is a popular long-term residency option designed for individuals who wish to live in Portugal and have a stable passive income. To qualify, applicants must demonstrate sufficient financial means to support themselves and any dependents without engaging in local employment.
The D7 Visa allows holders to reside in Portugal for an extended period, typically requiring a minimum residency of 6-8 months per year. This visa permits visa-free travel within the Schengen Area and offers a gateway to experience the rich culture, picturesque landscapes, and pleasant Mediterranean climate that Portugal has to offer.
It is an excellent choice for retirees and those seeking a peaceful and enjoyable lifestyle in this captivating European nation.
Application Procedure
The application procedure for the Portugal Golden Visa at UNO Capital involves the following steps:
- Client Assessment: We begin by understanding the client’s requirements, goals, and eligibility to determine the most suitable visa option.
- Client On-Boarding: Once the client decides to proceed, we welcome them on board and provide a detailed overview of the process.
- Documents Collection and Real Estate Investment: Our team assists in gathering all necessary documents and guides clients through the qualifying investment options, such as real estate acquisition or capital transfer.
- Submissions: We handle the preparation and submission of the complete application to the relevant authorities for processing.
- Biometrics: The client will be required to attend a biometric appointment at the Portuguese consulate.
- Issuance of Golden Visa: After the application is approved, the Portugal Golden Visa will be issued, granting the client residency and access to the program’s benefits.
Duration of Stay and Renewal Requirement
For the Portugal Golden Visa, the initial residency is granted for two years and can be renewed for two-year periods thereafter, as long as the investment is maintained. After five years, applicants can apply for permanent residency or even Portuguese citizenship, subject to certain conditions.
On the other hand, the Portugal D7 Visa allows for long-term residency with a minimum stay requirement of 6-8 months per year to maintain the visa’s validity. Renewals for the D7 Visa are also possible, ensuring individuals can continue to enjoy their stay in Portugal.
Income Requirement
With the Portugal Golden Visa, there is no specific income requirement. The focus is on the qualifying investment made in the country, such as real estate acquisition or capital transfer.
However, for the Portugal D7 Visa, applicants need to demonstrate sufficient financial means to support themselves and any dependents without relying on local employment. This requirement typically involves proving a stable passive income, such as pensions, investments, or other recurring sources of funds.
Tax Implications
The Portugal Golden Visa offers attractive tax benefits, including the possibility of a reduced or exemption on worldwide income for a fixed period, which can be highly advantageous for investors. On the other hand, the Portugal D7 Visa holders may also benefit from the country’s non-habitual resident (NHR) tax regime, providing tax exemptions or reduced rates on foreign income for up to ten years.
Both visas offer favorable tax conditions, making Portugal an appealing destination for individuals seeking tax-efficient residency options in Europe.
Is Portugal D7 Visa Easy to Get?
Obtaining the Portugal D7 Visa can be relatively straightforward for those who meet the specific requirements. With a focus on stable passive income and the ability to support oneself without engaging in local employment, retirees and individuals with consistent funds can find the D7 Visa an accessible option.
However, thorough preparation and attention to detail during the application process are essential to ensure a smooth and successful application.
Residency and Citizenship Benefits
So, now you’ve had a chance to read more about these two visas, let’s summarise the benefits. Discover a multitude of enticing residency and citizenship benefits with UNO Capital’s expertise by your side:
Portugal Golden Visa:
- Fast-track residency and citizenship acquisition through qualifying investments.
- Visa-free travel within the Schengen Area.
- Access to Portugal’s excellent education and healthcare systems.
- Freedom to live, work, and study in Portugal.
Portugal D7 Visa:
- Long-term residency for retirees and individuals with passive income.
- Visa-free travel within the Schengen Area.
- Embrace the Portuguese lifestyle and culture.
- Maintain ties with your home country while enjoying life in Portugal.
Seize the opportunity to secure your desired lifestyle and open doors to new horizons with our tailored solutions.
Conclusion
Whether you aspire to secure fast-track residency and citizenship through the Portugal Golden Visa or seek a long-term living experience with the Portugal D7 Visa, UNO Capital, your premier citizenship experts, is here to guide you through every step of the way.
With a wide range of citizenship and residency programs, bespoke services, and full support from start to finish, we are committed to making your relocation to Portugal seamless and rewarding. Reach out to us today via phone at +971 4 393 0 393, email us at info@uno-capital.com, or visit our website’s contact form to embark on your journey to Portugal. Let us help you make your dreams a reality.
