D7 Residence Visa to Portugal - pensioners, rentals and dividends (2024)

What is the Portugal D7 visa?

If you're considering a move, the D7 visa Portugal may be the key to your residency. This visa is designed for individuals who are financially independent and can support themselves without working in Portugal. In this guide, we'll cover everything you need to know about the Portugal D7 visa - which is a temporary visa -, including eligibility requirements, application process, and benefits. The residence visa is obtained at AIMA previously known as SEF - here is the official website for D7 visa.

The D7 visa exists on the immigration law since 2007 and is also commonly known as:

1. D7 visa to Portugal
2. Portugal retirement visa - considered one of the best retirement countries.
3. Visa for retirees to Portugal
4. Visa for people living off-income
‍

Who can apply To the D7 visa to Portugal?

Non-EU citizens that are pensioners or retirees; people living-off stable income, such as:

1. movable property
2. Income derived of real estate - like rentals
3. Intellectual property
4. Financial investments, like dividends, bonds, income from trusts, income from ownership of companies.
‍

What are the elegibility requirements?

1. To have a clean criminal record;
2. Make at least 7200 euros per year in passive income
3. Deposit around 9000 euros on a portuguese bank account

What are the benefits of the D7?

‍
Free Circulation
‍
Permanent free entry and circulation in the Schengen Space, comprising 26 European countries.
‍
‍Live in Portugal
‍
Freedom to live in Portugal and, if so wished, to have a professional activity in this country.
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‍Tax Benefits
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Option to become anon-habitual resident of Portugal for tax purposes (little or no tax for 10 years).
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‍Resident's Rights
‍
Access to other Portugal residents’ rights, such as education, healthcare, social security.

The application procedure

The Portuguese consular missions and consular sections with jurisdiction within the area of the applicant’s current residence have the legal power for granting the D7 visa.
The deadline for the decision or the processing time of the Portuguese consulate on the visa application is 60 days since an application with all forms and documents needed are submitted.

The consular service in charge must request a legal binding opinion, after the submission of the file from the Portuguese Immigration and Borders Police (SEF).

When an answer is obtained you will be requested to handle your passport to the embassy and new visa will be stamped on one of the pages of your passport.

To be able to apply for the D7 visa we support clients in preparing a successfull aplication by dealing with the bureocracy of the paperwork and making sure it's according to the guidelines before submitting.

We will guide you through all paperwok needed, forms to fill and tax number to Portugal and Bank account / rental or property purchase.

Type and validity of the visa

The D7 visa is a residence visa that is intended to enable the holder to obtain a residence permit in Portugal. In this context, the visa is valid for two entries and entitles the holder to remain in Portugal for a period of 4 months, while the applicant waits in Portugal for a final resident permit issued by the immigration department.

First step:
the local consulate stamps a temporary D7 visa on your passport - processing time around 60 days.
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Second step:
the applicant travels to Portugal on that’ D7 temporary visa and waits for the final visit to the immigration department to convert the temporary visa to a final D7 residence visa - processing time 60 to 90 days.

Residence permit

The D7 visa enables the respective holder to obtain a residence permit in Portugal for a period of one year, which can then be renewed for successive periods of 2 years and can be converted into a permanent residence permit after 5 years.

To be able to convert and apply for the final D7 visa the applicants will need to visit the immigration department in person in order to collect fingerprints and photos and in order to deliver the original documents previously shown at the local embassy.

After this visit the Residence Visa card is mailed to the Adress of your choice. The first card will have a validity of 1 year.

Family Reunification

Members of the family of the holder of the residence permit obtained via a D7 visa are also entitled to a residence permit, based on family reunification statute.

Resident’s rights

Without prejudice to the application of special provisions and other rights provided in the law or any international convention to which Portugal is a party, the holder of a residence permit shall be entitled to, without the need for a special authorization regarding his or her foreign status, the following:

  1. Access to the National Health Service care;
  2. Acess to the Portuguese National Education Service and schools;
  3. Exercise of any work activity as an independent professional;
  4. Acess to Portuguese Vocational schooling, initial and further professional training and retraining;
  5. Access and protection from the Portuguese Law and legal system.

To submitt the application:

  1. Application form (available in SEF’s website);
  2. Passport or other valid travel document;
  3. Two identical passport size photos; with blank background, and easily identifiable;
  4. Valid travel insurance, with coverage for all medical expenses, including urgent medical assistance and possible repatriation;
  5. Application for Criminal Record consultation by Portuguese Foreigners and Borders Service (SEF);
  6. Certificate of criminal records issued by his/her home country of origin or the country where the applicant resided for more than one year;
  7. Proof that the applicant has adequate accommodation - by either buying, renting or borrowing a property;
  8. Proof of health insurance coverage;
  9. Document providing the amount of pension

    OR
    ‍

  10. Proof that you have income that allows you to live in Portugal. To be eligible, you must have income or pensions amounting for 12 months: €7.200 for the first adult; €3.600 for second or more adults; €2.160 per children. You must provide 6-months of bank statements.

If you want our assistance to apply for this visa, please contact us.

D7 Residence Visa to Portugal - pensioners, rentals and dividends (2024)

FAQs

D7 Residence Visa to Portugal - pensioners, rentals and dividends? ›

Portugal D7 Visa income requirements

What is the rental income for D7 Visa in Portugal? ›

👉 Passive income is the only type of income that can be used to apply for the D7 visa – a legal and predictable income of at least €760 per month. 👉 You must open a Portuguese bank account and deposit between €12,000 and €16,000 (officially €9,120, but the amount may vary depending on your country of origin.

What are the disadvantages of D7 Visa in Portugal? ›

The disadvantage of the D7 Visa Portugal is that holders must have a regular source of passive income that meets minimum requirements and must make Portugal their primary country of residence, making them unable to freely move to another country in the European Union.

What counts as passive income on a D7 Visa? ›

The D7 Visa requires a demonstration of stable passive income. This income can stem from pensions, real estate, investments, dividends, or royalties. The minimum passive income expected is €8,460 per year for a single applicant.

What are the benefits of D7 Visa in Portugal? ›

Benefits of the Portugal D7 visa
  • Moving to Portugal at the lowest cost. ...
  • Visa-free travel across the Schengen Area. ...
  • Working or running a business in Portugal. ...
  • Access to quality education and healthcare. ...
  • Convenient path to a residence permit. ...
  • Portugal citizenship in 5 years. ...
  • Citizenship for newborn children.

How do I prove my income for Portugal D7? ›

Documents that may need to be included in the D7 visa application include the following: Bank statements that show income going into the account of the primary applicant. These statements can be from a bank account outside of Portugal and there must be at least 6 months worth of statements.

What is the tax rate on rental income in Portugal? ›

For non-resident individuals, rental income is subject to a flat tax rate of 28 percent. However, for resident individuals, rental income is subject to the general rates that apply to all types of income. These rates vary from 14.5 percent to 48 percent, depending on the income earned.

How much money do you need in the bank to live in Portugal? ›

The cost of living in Portugal for a single person is about €1,200 a month in Porto or Lisbon and even less in smaller towns. With a higher income, you can live anywhere in Portugal with €3,000 a month, participate in various activities, go on weekend trips, and much more.

What is proof of accommodation in Portugal D7? ›

Accepted documents for proof of accommodation for the D7 Visa typically include a lease agreement, property deed, or letter of invitation from a Portuguese resident.

How hard is it to get a D7 Visa in Portugal? ›

The D7 Visa is the easiest way to be able to stay in Portugal for as long as I like. It's like a “Nomads” or “retirees” visa, so long as you can prove that you have enough income, a place to live, and a few other bits and pieces, it should be a fairly straightforward process.

How many times can you leave Portugal on a D7 visa? ›

The Minimum Stay Requirements for the D7 Visa Portugal

To hold on to the temporary residence permit, individuals shouldn't be absent from the country for six consecutive months or eight non-consecutive months within the overall validity period of the residency.

Do I need a Portuguese bank account for D7 visa? ›

A Portuguese bank account is required for the D7 Visa application but not for the Digital Nomad Visa. D7 Visa applicants must open a bank account prior to the visa application and transfer a sufficient amount to support one year of life there.

What is the golden visa requirement for Portugal? ›

Applicant Requirements

Obtain a Portuguese NIF (Tax Identification Number). Provide evidence of a clean criminal record from their country of residence and from Portugal. Make a qualifying investment in Portugal, which may include real estate purchase, capital transfer, or investment in research activities.

What does Portugal consider as passive income? ›

Passive Income Visa Requirements

The key requirement for making a successful application is to be able to demonstrate that you are in receipt of regular 'passive' income, which may be derived from a pension, rental, dividends or certain categories of investment income.

How is foreign rental income taxed in Portugal? ›

If you are a Portuguese resident, you are required to file your income and taxes paid annually. You must include in your income any rental income earned from outside Portugal for the purpose of taxation. You will aggregate your rental income earned from abroad with your come to pay at a rate between 14.5% and 48%.

What is the tax rate for D7 in Portugal? ›

Portuguese taxes

D7 visa holders currently enjoy specific tax benefits in Portugal. Under the Non-Habitual Resident (NHR) tax scheme, they are taxed at 20% for Portuguese-sourced income and 10% for foreign-sourced income, which encompasses foreign retirement and social security payments.

What are the rules for D7 visa Portugal? ›

D7 Visa Portugal 2024 Requirements and Eligibility Criteria
  • Being a non-EU/EEA/Swiss national.
  • A clean criminal record.
  • Meet the minimum passive income requirements: A minimum regular passive income of €760 per month, plus 50 percent for a spouse and 30 percent for each dependent.
Mar 27, 2024

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