Portugal D7 Visa
(Residency By Investment)
Portugal D7 Visa
Portugal has been an attractive destination for immigration purposes due to its security, good public health and educational systems, pleasant weather and fine gastronomy.
The D7 Visa is a first essential step towards a temporary residence permit. In essence, the applicant needs to show a fixed monthly stream of income (passive or active).
In terms of passive income, the applicant should consider retirement pensions, real estate properties (rental income), intellectual property royalties or financial assets (with gains above the original cost of the investment), Recently, remote workers or digital nomads have been included in this visa category, by demonstrating that the monthly salary from their work activities exceeds the €705.
As always, the procedure begins with obtaining the Portuguese Tax Identification Number (NIF) and opening a bank account in Portugal, which are essential elements for proof of means of subsistence immediately available in the national territory.
The visa application must be submitted before the Portuguese Consulate serving the area of legal residence of the foreign citizen. After the submission, a decision regarding the visa is normally issued in 30 to 60 days.
When granted, as a rule the visa has a validity of 120 days and 2 entries into the Schengen Area. During this period, the visa holder must travel to Portugal for the residence permit appointment at the Immigration Service.
This residence permit is valid for 2 years and renewable for 3 years. After 5 years of legal residence in Portugal, the permanent residence and nationality may be requested.
Minimum Stay Requirements:
The temporary residence permit holder must not be absent from Portugal for 6 consecutive or 8 non-consecutive months, during the period of validity of each card.
- No Investment Required
- Family Visa
- Route to PR / Passport