Portugal passive income visa requirements ; Portugal D7 Visa; Portugal Retirement Visa.
The Portugal passive income visa is an excellent option for any non-EU national looking to live in Portugal. It is formally called the D7 Visa program and is for anyone who can show a steady passive income.
This makes the D7 a perfect option as a Portugal retirement visa.
We’ll show you what you can and can’t do, as well as the Portugal passive income visa requirements and costs.
What is a passive income visa?
Many countries offer some form of this immigration permit. While there are differences, in general, there is a straightforward rule.
- You must be able to show you have a steady income to support yourself without working.
The benefit to the country is clear. You spend money in the economy without competing with locals for jobs.
Portugal’s passive income visa is slightly different from many others in that you can work in Portugal.
Check out other countries with a passive income visa in our article.
Who is eligible for the D7 visa?
- The program is open to any non-EU, EEA, or Swiss citizens. Citizens of EU countries can live and work in Portugal. Other EU residency programs may also give you this right.
- Those able to meet the financial requirements (detailed below.)
- People who are willing to live in Portugal.
- People who have no disqualifying crimes on their criminal record.
D7 visa financial requirements
The legislated D7 visa income levels are the minimum required, and an application at this level will often be rejected. Many websites quote these limits, but please understand that these are often insufficient.
Our Portugal Immigration law partner has managed many successful D7 applications. In their experience, you’ll need to show significantly higher amounts for a successful application. While exceptions may be made, this is the general rule.
Importantly, the immigration officer will look at your application as a whole. Your income, savings, and motivation letter will all play a part in a successful application.
And, individual embassies interpret requirements differently. These complexities mean getting quality advice can save you an unnecessary rejection.
Minimum income amount recommended by our expert partner:
- Lead adult applicant – €12,000 a year.
- Dependent adults included on the application – €5,000 a year each.
- Dependent children included on the application – €2,500 a year each.
Joint applicants for the D7 Visa can pool their income to meet the required levels.
You should be able to show a minimum of three months of historical income.
Legislated minimum income amounts:
- Lead adult applicant – €7,200 a year. This amount is the current Portuguese annual minimum wage.
- Dependent adults included on the application – €3,600 a year each.
- Dependent children included on the application – €2,160 a year each.
Acceptable sources for the Portugal passive income D7 visa
There are many sources you can use to show D7 income.
- Rental income.
- Trust fund disbursement.
- Dividends from shares.
- Dividends from a business (that you don’t actively manage).
- Interest on savings.
- Other regular investment income.
The income must also be stable and continue for the life of the residence permit. Again, specific embassies do make exceptions for specific applications.
Using savings to meet the requirements
Having substantial savings will help to support an application. However, you should always show some form of regular income.
Having a Portuguese bank account, while not mandatory, can also help in making your case. Having at least the legislated income amounts in savings is recommended.
You get some great benefits with the D7 visa
- Access to Portugal’s excellent public healthcare system.
- You have freedom of travel in the SCHENGEN area (see here for the 26 European members.)
- You can register as a non-habitual resident (NHR) of Portugal for tax reasons. The non-habitual tax regime gives you exemptions and exceptions on non-Portuguese income.
- You can use Portugal’s excellent education system.
- Family members can be included on your residence permit.
- Once you have been granted your D7 permit, you can live and work in Portugal. And, transferring to another immigration option while living in Portugal is allowed.
- There is no Portuguese language requirement for the D7 application.
As you can see, there are crucial differences to Spain’s non-lucrative visa.
But, there are some things you cannot do.
- There is a limit to the number of times you can leave Portugal each year.
- There is a minimum time you must live in Portugal. In each year you must spend at least four months in the country. In addition, you must not spend more than six consecutive months outside Portugal.
6 consecutive or 8 non-consecutive months out of the country during the validity of each temporary permit, except under duly justified professional or force majeure circumstances. i.e.: during the first year, one has to spend at least 4 months in the country, and during each 2-year subsequent period, at least 16 months provided, in each case, that no absence exceeds 6 consecutive months.
Can I work on the D7 visa?
Yes, you can work in Portugal while on the passive income visa. However, you generally can’t use that income as a part of the financial requirements. There are some cases, from some embassies, where our partner has had remote work income accepted, but this is not standard. If you want to explore this, we’d suggest talking to an experienced lawyer before submitting your application.
If you already have a passive income, the D7 is a great option for:
- Remote workers and those with a remote job.
- Digital nomads.
- Location-independent business owners.
- Crypto traders and investors.
You can also accept a job in Portugal.
You’ll need to understand the tax implications, and we’d suggest chatting to an expert about your specific circumstances.
How long is the Portugal passive income residence permit valid?
Portugal recently changed the D7 residence permit period, and many web pages still show the old information.
The D7 residence permit is issued for two years. After that, you can renew for three years, as long as you still meet the D7 requirements. There is no restriction on how many times you can renew.
After five years (or a single renewal) you can qualify for a Portugal permanent residence permit. Once you have permanent residency, you no longer need to meet the passive income visa’s financial requirements.
Alternatively, after five years you can apply for Portuguese citizenship by naturalization.
What family can be included on the D7 visa application
You can include dependent family members on your D7 application.
- A spouse or partner (Portugal does recognize same-sex marriages).
- Minor children.
- Parents of the applicant or the applicant’s spouse, if they are dependent on you.
Remember, you’ll need to show you have the income to cover any additional applicants. If they have an income of their own, you can include it on the application.
How to apply for a passive income visa
There are five steps to complete.
- Apply for the temporary D7 visa. The application should be to your nearest Portuguese consulate or embassy. You cannot apply if you are in Portugal.
- Once your visa has been granted, you have 120 days (4 months) to move to Portugal.
- At this point, you’ll need to rent or buy a property to give you a Portuguese residential address.
- Then you attend an interview with Servicio De Extrangeiros e Fronteiras or SEF (the Portugal immigration service).
- SEF will issue your D7 residence permit, valid for one year.
Documents required for your visa application
As well as the evidence for the financial requirements, you’ll need the following documentation for your application. You may need other documents depending on your application and embassy.
Visa application to the embassy/consulate in your home country
- D7 application form.
- A personal letter with information to support your application.
- Proof of income.
- Copy of your passport.
- Two passport photos.
SEF appointment in Portugal
- Proof of accommodation.
- Expat health insurance policy.
- Police records from your home country.
- SEF authorization to check your police record in Portugal.
You will need to provide certified translations of documents that are not in Portuguese.
We recommend using our immigration partner to get quality advice on your exact requirements and exceptions. If you submit a passive income visa application with incorrect or missing documents, it will be delayed or rejected.
Portuguese passive income residence permit fees
The exact fee depends on the embassy you apply to. If you budget €80 to €100 for the visa, and the same for the residence permit you’ll have some change left over.
How long does the application process take?
The two parts are processed separately. In total, it can take up to four months to complete the process. This excludes the gap between the issue of your and your move to Portugal for the SEF meeting.
- Consulate application processing – four to eight weeks.
- SEF residence permit – six to twelve weeks.
Getting an appointment with SEF, and the processing time can be longer in Porto and Lisbon.
Passive income visa renewal process
You can renew your permit in Portugal through SEF.
You’ll need to show that you:
- Met the conditions of your existing residency permit.
- Can meet the D7 requirements for the renewal period.
You can transfer to another residency permit.
Once you are in Portugal, you can transfer your D7 residence permit to another program. You’ll need to meet all the requirements of your new immigration status.
The process and application requirements will depend on your new visa or residency permit.
D7 vs Residency by Investment (Golden Visa)
Portugal’s golden visa also is a pathway to permanent residence and, eventually, Portuguese citizenship.
There are three significant differences to consider.
- You’ll need to invest a minimum of €350,000 to qualify for the residency by investment program.
- You only have to visit Portugal for one week per year to maintain your residence by investment permit.
- The residency by investment application cost is significantly higher than the D7.
For many, Portugal’s Golden Visa is a perfect opportunity for a “Plan B” while remaining in their home country.
Next steps for your Portugal passive income visa
For many, Portugal is one of the best countries to live in. It ranks top of many Expat satisfaction surveys, and that should come as no surprise.
If you meet the Portugal passive income requirements, what are your next steps?
You’ll need to identify the correct embassy for your application and start gathering all the documentation. Ensure you have accurate translations and certified copies as required.
Remember that all aspects of the application are considered together, so you’ll want to make sure yours is perfect to avoid disappointment.
Our immigration partner provides consultations for our clients at a special rate where he will:
- Understand your situation and needs.
- Make sure that this is the right visa for you and if not, recommend the easiest path to residency.
- Outline the steps that need to be taken and documentation that needs to be gathered.
- If you want to make it really easy, he will provide a quote on managing your application until completion.
Relevant Portuguese Immigration Law
Two immigration laws detail the benefits, restrictions, and requirements of the D7 visa.
- Article 58, paragraph 1 of Law no. 23/2007 of July 4
- Article 24 d) of Regulatory Decree no. 84/2007 of November 5