What is the D7 Visa? How can British citizens now gain Portuguese residency? If you are looking to retire to Portugal and the Algarve and are worried about residency requirements we have all the information on applying here.
What is the D7 Visa? How can British citizens now gain Portuguese residency?
The D7 visa is an affordable and attractive visa allowing non-EU citizens to get Portuguese residency provided they have sufficient funds to sustain themselves during their stay in Portugal.
This visa is ideal for retirees or entrepreneurs who want to live in Portugal without having to make a major economic investment.
The D7 visa can then be renewed after one year for two successive periods of two years and can be converted into a permanent residence permit after five years.
How to get the D7 residency visa Portugal
In order to obtain the D7 Residency Visa, you will have to go through two different steps:
Apply in your home country for a temporary D7 Visa (which lasts for four months)
Get an appointment with the Portuguese Immigration and Borders Service (SEF) in Portugal who will approve your D7 Residency Visa.
Present all the necessary D7 application documents to a Portuguese embassy in your country. If your application gets approved, the embassy will deliver a temporary visa allowing you to travel to Portugal. This temporary visa is valid for a period of four months from its issuance date.
Following the temporary visa approval, set an appointment with the Portuguese Immigration and Borders Service
(SEF). The appointment consists of a personal interview and the presentation of additional required documentation.
If your interview is successful, a D7 Residency Visa will be granted for an initial one-year period, renewable twice — each visa lasting for two consecutive years.
D7 visa requirements
Be a non-EU national
Have sufficient funds to support yourself during your stay in Portugal
Hold a clean criminal record
D7 visa income requirements
In order to obtain the D7 Visa, applicants must show that they have a minimum income or pensions for a 12 month-duration of:
€7.200 for the first adult
€3.600 for second or more adults
€2.160 per child
D7 visa application form
D7 visa Portugal required documentation:
D7 application form
2 passport-sized photographs
Proof of regular income or passive income
Proof of a place to live
Criminal background check
Valid travel insurance with health coverage
6 months of bank statements
Portugal D7 visa processing time
Obtaining in your home country the temporary four-month visa can take up to 60 days provided you submitted all the required information.
Obtaining the D7 Residency Visa will depend on where you are applying from in Portugal. Getting an appointment with SEF
can take up to 120 days if you reside in Lisbon or Porto. However, it is much faster in smaller towns.
D7 Visa tax benefits
If you hold the D7 Residency Visa, you are entitled to benefit from Portugal’s Non-Habitual Tax (NHR) Regime
. The NHR is a generous tax program with numerous benefits pertaining to your global income. It offers tax-free incentives on certain categories for a period of up to ten years.
Below are the types of income that may qualify under the NHR program:
Real estate income
Capital gains from the disposal of real estate
Business and self-employment profits derived from eligible occupations (but be mindful of relevant double taxation agreements)
As of 2020, pensioners registering for the NHR tax scheme are now taxed at a rate of 10%.