The D7 visa is a residence visa for retirees or holders of income who wish to live in Portugal.
One of the necessary requirements is proof that the applicant has the minimum income provided for by law to enable him to reside in Portugal for a period of not less than 12 months, such as:*
- 1st adult (applicant): 100% of the current minimum wage (635€) = 7,620€/year;
- 2nd or more adults: 50% of the current minimum wage (318€) = 3,816€/year;
- Children and young people under 18 and over-dependent children: 30% of the current minimum wage (191€) = 2,292€/year.
The procedure consists of two stages: the first with the Portuguese Consulate or Embassy of the country where the applicant resides and the second with the Foreign and Border Services (SEF) in Portugal.
The D7 Visa allows the holder to obtain a residence permit in Portugal for a period of 1 year and can then be renewed for successive periods of 2 years and, after 5 years, the applicant may acquire the permanent residence permit or nationality. Portuguese The minimum stay in Portugal is 6 consecutive months or 8 interim months.
Some of the advantages that a D7 visa holder can have are:
- Family reunification;
- Enjoy a qualified and affordable health system;
- Access to law and courts;
- Obtain the Non-Habitual Resident Status.
Holders of the Non-Habitual Resident Status (NHR), for a period of ten consecutive years, are entitled:
- Exemption of foreign income from pensions, dependent, self-employed, capital, property income and real estate gains, intellectual or industrial property;
- Taxation of income earned in Portugal at reduced rates if they engage in high value-added activities (eg 20% for dependent or self-employed income and 28% for capital and property income).
If you would like to know more about the D7 visa or other ways to obtain residence in Portugal, please contact us.
* updated with the entry into force of the minimum wage for 2020 which rose to € 635.