D7 e-residence
E-residence
Created on December 10, 2021
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Transcript
For holders of passive income who want to live in Portugal.
7. Income Requirements
6. Requirements
5. Other benefits
4. Terms
3. What is not Passive income?
2. What is Passive income?
8. What services are included in our D7 package?
1. What is a D7 visa?
Visa D7 in Portugal
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What is a D7 visa?
D7 is one of the most affordable and balanced immigration possibilities in Portugal. This visa allows non-EU nationals to acquire Portuguese residency privileges, granted that they possess sufficient funds to sustain themselves and their dependents while in Portugal. Another important requirement is the nature of your income - only passive income qualifies as sufficient grounds for a D7. This visa will perfectly suit retirees or entrepreneurs that want to live in Portugal without investing in real estate or funds.
Salaries and incomes generated by personal labour do not qualify as passive income. Their amount does not matter as well. For example - an individual with an annual salary of 200.000$ is not considered a holder of passive income.
What is not Passive income?
What is Passive income?
Passive income it's regular earnings that originate from a source other than an employer or a contractor. It includes for instance - rental income, dividends, royalties, bank deposits, bonds, securities and trade activities, etc. For D7 - pensions are also considered as passive income. However it is important to know that they are taxed at a flat rate of 10% in Portugal.
- Free entry to and around the Schengen Area
- Possibility to work, study and live in Portugal
- Possibility to request NHR status and receive tax benefits
- Benefits of the Portuguese healthcare system
- Fast process
- Entire family is eligible
Other benefits:
Terms
Initial term of Visa - 1 year with the possibility to renew for two periods of two years. The D7 can also be transformed into a permanent residence permit after 5 years. Moreover you will have the opportunity to request a Portuguese passport.
requirements according to the number of dependants
In order to qualify for a D7 visa, potential applicants must be able to show proof of at least 10 000 EUR of passive income (or pension) for the past 12 months period. We recommend - 12 000 EUR and more.
Income Requirements:
Requirements:
- Being a non-EU citizen
- Proof of sufficient funds to fully cover a stay in Portugal
- Having a proof of residential address in Portugal
- Be willing to reside 183+ days in Portugal
- Clean criminal record
Requirements:
The minimum income requirements vary according to the number of dependants that the main the applicant wishes to include, as follows:Main Applicant – 100% of the minimum wage (currently €8,460 per annum)Spouse or parents of main applicant – 50% of the minimum wage per person (currently €4,230 per annum)Dependant children – 30% of the minimum wage per person (currently €2,538 per annum)It is advisable to hold a minimum amount equal to 12 months’ income within a Portuguese bank account.
- Assessment of eligibility for D7 Visa
- Checklist of documents and description of the procedure with a timeframe
- Pre-validation of your documents with our legal department
- Pre-submission briefing
- Submission of your application and monitoring
- Support from our legal department throughout the whole process
What services are included in our D7 package?
We will prepare a checklist of documents and guide you through the process of collecting documents and preparing your application. We will ensure that your application is filed correctly. Our lawyers will submit your application and make appointments with the immigration services on your behalf. We will obtain a Portuguese tax payer number (NIF) and open a bank account for you. Our lawyers will monitor your case and provide regular updates.