RF Global Migration

Portugal Migration

Portugal Passive Income (D7) Visa

For foreigners looking to permanently reside in the European Union, Portugal is the top destination via D7 residence visa. It offers a stable political and social atmosphere, transparent tax laws, adequate infrastructure, a welcoming environment for investors, and a high standard of living. The majority of visitors believe that living expenses are moderate. The D7 Visa, commonly known as the Portugal Passive Income Visa, grants resident status to non-EU/EEA/Swiss nationals, including pensioners, who plan to move to Portugal and are in receipt of a fair and regular passive income. Successful candidates have the privilege of living, working, and/or studying in Portugal. Parents with dependent children may be applicants.

Travel around the 26-country Schengen region of Europe without a visa and the choice of working or starting a business in Portugal. Possibility of requesting Portugal’s Non-Habitual Resident (NHR) tax status. After five years, one is eligible for citizenship or permanent residency in Portugal. residence rights, including access to healthcare and education.

Eligibility Criteria

Being able to show that you get regular “passive” income—which might come from a pension, rental income, dividends, or certain types of investment income—is a crucial prerequisite for completing a successful application. There are different minimum income criteria that apply depending on the number of dependents that the main applicant is planning to apply for a visa. The main applicant needs to show €7,620 per year, or 100% of the minimum salary of his/her passive job. If the applicant wants to apply for a spouse or parents, financial proof of 50% of the minimum annual cost for each individual, which is now €3,810, is required. A balance of 30% of the annual minimum wage (currently €2,292) is set aside for dependent children. It is suggested to maintain a minimum balance in a Portuguese bank account equivalent to one year’s worth of income.

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