While we expounded on the documentation and what’s required to get the D7, we realise that a lot more needs to be said about what exactly is this D7 visa and what makes it such an attractive option for so many people.
So what is the D7 visa, and what are its benefits?
Unlike other visas that grant you residency rights if you invest or start a business, the D7 allows you temporary residency rights in Portugal (refer to earlier article) based on passive income. You need to show passive income over a certain amount. This amount keeps changing, so please refer to the Portuguese Embassy website for the current requirements.
Terms and Conditions of the Visa
- Who can go
The visa allows the Primary applicant and spouse to reside in Portugal. Dependent children and parents can also apply along with the primary applicant.
- Term of the visa – there are 2 parts to this
The D7 allows for two entries into Portugal for a period of 4 months. During those 4 months, you must complete your interview with the SEF (Immigration Authority). Your residency permit commences from the interview date, during which your biometrics will be taken.
Your residency card will be issued. It is a temporary residence permit and will be valid for 5 years. Usually, SEF will grant the permit for a period of 2 years which is renewable for a further 3 years.
- After your 5 year period is over, you can apply for permanent residency.
- The primary applicant and their spouse can work with the temporary residence permit. Dependents are not allowed to work for the 5-year period of the permit.
- You must reside in Portugal for at least 16 months of the first 2 years. Better to ensure that you stay in Portugal for at least 8 months of the year
Benefits of the D7
- You and your spouse can work in Portugal.
- You can buy a house with the help of a bank loan.
- You get access to the public healthcare system, one of the best in the world.
- Education for your child is free.
- Visa-free travel across 26 countries plus e-visas for many more.
- You get a 10-year tax holiday on income outside Portugal. You will still have to pay tax in your original country of residence.
Hope this helps!
Ciao,
Sunil