The D7 Visa – also known as the ‘passive income’ or ‘retirement’ visa – is designed to attract non-EU citizens to relocate to Portugal, provided that they are able to live on their own source of income.
Family members (spouse, children under age 18 or dependent children under 26, and the parents of the applicant) of the visa holder can also qualify thanks to the family reunification scheme.
It entails a resident permit for one year, which is renewable every two years thereafter. You have the possibility to apply for a permanent resident permit or citizenship after five years.
As compared to the Golden Visa, the main difference of this residence permit program is two-fold: a) no economic investment necessary, and b) the holder is expected to live in Portugal for at least 16 months during the first two-year period.
No economic investment required;
Visa-free access to Schengen area countries;
Freedom to live in Portugal and, if desired, to have a local professional activity;
Possibility to apply for the citizenship or permanent residency after five years (one of the quickest ways in Europe);
Possibility to apply for the attractive Non-Habitual Resident tax regime (NHR);
Close family members of the applicant are eligible too;
Access to other Portugal residents’ rights, such as education, healthcare, and social security.
Who can apply?
Any person from a third country (non-EU-EEA-Swiss) aged over 18 years old with a clean criminal record in the home country of the applicant and Portugal can apply to the scheme, provided they have sufficient financial resources to sustain themselves.
For a twelve-months period, you need to prove that you have the following financial capacity: 7'200 EUR for the first adult; 3'600 EUR for the second or more adults; 2'160 EUR per child.
It is an ideal option for retirees and entrepreneurs who want to relocate to Portugal and avoid making a major economic commitment. The permit does not prohibit the holder from having a professional activity in the country. It is generally considered the best alternative to the Golden Visa for someone who intends to live in Portugal the majority of the year.