If you are considering the Portugal D7 Visa for 2023, it is important to familiarize yourself with the income requirements and application process.
The Portugal D7 Visa: Explained
The Portugal D7 Visa, also known as the Passive Income Visa, was established in 2007 by the Portuguese Government as a means for non-EU/EEA/Swiss citizens to apply for temporary residency in Portugal. This visa serves as a pathway to obtaining a permanent residency permit and, potentially, citizenship.
The D7 Visa grants legal residence in Portugal to applicants and their family members, with the aim of attracting affluent foreigners to contribute to the country’s economy. It is commonly utilized to participate in Portugal’s Golden Visa Program.
Furthermore, the D7 Visa can be sought by freelancers who wish to establish Portugal as their operational base. However, in order to qualify, freelancers must earn a minimum wage as determined by the Portuguese Government. Detailed information on this can be found in our article on obtaining a Digital Nomad Visa for Portugal.
Eligibility for the D7 Visa is open to all, provided they meet the minimum requirements for passive income. These income requirements will be discussed later in this article.
Upon successfully obtaining the Portugal D7 Visa, it will be valid for a period of 2 years, with the possibility of renewal for an additional 3 years. After a total of 5 years, applicants can choose to apply for Portugal Residency.
It is important for approved applicants to spend a minimum of 183 uninterrupted days per year in Portugal to comply with the visa’s requirements. Alternatively, applicants may opt for an 8-month stay with intermittent breaks throughout the year.
Eligibility for the D7 Visa Application
The D7 Visa is available to individuals of all backgrounds. As long as you are 18 years or older, meet the necessary requirements for the Portugal D7 Visa, and fulfill the eligibility criteria of getting € 760 as monthly passive income.