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Passive Income (D7) Visa in Portugal

Passive Income Visa, also known as ‘D7’, provides residency rights to those including retirees so long as they have a reasonable and regular passive income from a pension, rental, dividends, or any investment income. The minimum income requirements differ based on the number of dependents that the main applicant wishes to take while relocating to Portugal. For instance, the main applicants are expected to have an income of €7,620 per annum, spouse, or parents of main applicant €3,810 per annum, and dependent children €2,292 per annum per person. Please note that these amounts are subject to change over time. But eventually, you must prove that you have held the minimum amounts per annum within a Portuguese bank account.

 

Unlike most countries, ‘dependent’ refers to a wider range of persons according to Portuguese authorities, and not only may you take your spouse and children under 18 with you but dependent parents of the main applicant or their spouse and minor siblings who are legally deemed to be in the care of the main applicant may benefit from this right.

 

In the first application, you will have granted a 2-year residency, and then, you may extend it by 3 years more. To be able to extend your visa though, you must spend at least six consecutive months or eight non-consecutive months in Portugal.

Golden Residence Permit in Portugal

The Portugal Golden Visa program is a residency by investment scheme designed for non-EU citizens. The advantage of this program is that you do not have to move to Portugal to keep your residence permit. Staying in the country for seven days on average per year will suffice. You may be eligible to apply for Portuguese citizenship holding this residence permit for 5 years, which is one of the quickest in the European countries.

There are various ways of Portuguese residence by investment program:

(1) Capital transfer, that refers to a capital transfer of a minimum of €1,000,000 into a Portuguese bank account or specifically approved investment options such as €350,000 worth of investment in research activities of public or private entities, €250,000 in support of artistic production or cultural heritage, €350,000 for the investment funds or venture capital funds,

(2) Property acquisition, that refers to a real estate purchase with a minimum value of €500,000, or a real estate purchase with a minimum value of €350,000 for the refurbishment of properties older than 30 years,

(3) Business, that refers to a creation of a minimum of ten new jobs, or €350,000 for the incorporation or increase of the share capital of a company registered in Portugal and creating or maintaining a minimum of five permanent jobs for a period of three years.

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