“I have just completed my D7 residence application for Portugal, and I am very happy. Movingto has been an excellent organization to work with, and I have found their services to be exceptional. They provide prompt communication, great expertise, and close attention to detail. Thank you to the entire team; I will continue to recommend your services.”
The Portugal D7 Visa, also known as the Passive Income Visa, is intended for individuals who wish to move to Portugal and can sustain themselves financially without needing employment there. This could be through pensions, rental income, financial investments, or other forms of passive income. It's popular among retirees, freelancers, and digital nomads.
You're eligible for a D7 Visa if you can demonstrate steady passive income that can comfortably cover your living expenses in Portugal. There's no specified minimum amount, but as a guide, it should meet the Portuguese minimum wage, currently of approximately €700 per month.
The D7 Visa is initially valid for one year and can be renewed for successive periods of two years. After five years of legal residency, you can apply for permanent residency or even Portuguese Citizenship if you meet certain criteria.
While the D7 Visa is geared towards individuals with passive income, it doesn't prohibit you from working. However, you'll need to meet certain requirements, and any income you generate from working can't be used to meet the income requirement for the visa.
Yes, dependents can be included in your D7 Visa application. This can include your spouse, minor children, and dependent parents.
Movingto will guide you through the whole application process. Which starts in your home country at a Portuguese embassy or consulate. You'll need to provide several documents, including proof of your passive income, and you may need to attend an interview. Once your application is approved, you move to Portugal and apply for a residence permit.
You'll need to provide documents like a valid passport, proof of health insurance, criminal record certificate, and importantly, proof of your regular passive income. Check the embassy's requirements as they can vary.
The processing time can vary but typically takes between 1-4 months. It's recommended to apply well in advance of your planned move date to account for any delays.
Once you're in Portugal, you'll need to apply for a residence permit, register with the local authorities, and set up your tax status. You may also want to open a Portuguese bank account.
Health insurance is a requirement for the D7 Visa. Portugal has a public health system, but you may choose to opt for private health insurance. You can compare health insurance options on Movingto
That is the best part! As a resident of Portugal, you are eligible to apply for an NHR tax regime and save lots of money by paying to reduce taxes in Portugal. Portugal has numerous double tax agreements in place to avoid you being taxed twice.
Yes, the D7 Visa can be renewed in Portugal. After the first year, you can apply for a two-year extension. For further assistance or queries, feel free to reach out to us at Movingto