#secondpassport #investorvisas #entrepreneurvisas #portugald7visa

0:00 - The Portugal D7 Residence Permit
0:45 - How much passive income do you need for the D7 visa?
2:20 - What are the supporting documents required for the D7 residence permit?
2:30 - What is the Portuguese D7 visa process?
4:21 - What are the Portuguese D7 visa fees?
4:32 - How can you use the Portuguese “Non-Habitual Residence” tax regime?

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UPDATE: Now only €665 euros per month for the Portugese D7 passive income visa

The Portugal D7 Residence Permit

The Portuguese D7 visa is one of the only EU visas which puts you on a pathway to permanent residence and EU citizenship where you can qualify purely on the basis that you have an income from financial investments, for example, a pension or rental income. I’m going to explain how it works in these videos with these easy-to-understand diagrams. It can be a great alternative to the golden visas and investor visas, which generally require you to invest large sums of money. The point is you have large sums of money available to invest, then you will probably qualify for the D7 visa, but the advantage is you can do it without making any investment and without carrying any of the associated financial risks.

How much passive income do you need for the D7 visa?

How much passive income do you need for the D7 visa? This is essentially the Portugese minimum wage, which is low. This has been increased slightly for 2021. It is broken down as follows:

(a) The first adult must meet 100% of the Guaranteed Minimum Monthly Remuneration (so €665 euros per month);
(b) Second and any further adults must meet 50% of the Guaranteed Minimum Monthly Remuneration (so €332.5 euros per month); and
(c) Dependent children (younger than 18) must meet 30% of the Guaranteed Minimum Monthly Remuneration (so €199.5 euros per month).

Bear in mind that the type of income is important. The Portugese legislation refers to “visa applications made by foreign citizens who live on income from financial investments” (Article 24(d) of Regulatory Decree No. 84/2007). So having an income from working will not qualify. What would usually qualify would be, for example:
Your income from your pension;
Dividends from your company (providing you are not playing an active role in the management of your company); or
Rental income from your financial investments in rental properties.
This is not an exclusive list and there may also be other kinds of income that can qualify as income from financial investments.

What are the supporting documents required for the D7 residence permit?
In terms of the supporting documents you need, you will need to provide these documents:
Proof of subsistence (the Guaranteed Minimum Monthly Remuneration) can take the form of a statement of responsibility, signed by a Portuguese national or by a foreign national legally resident in Portugal;

The D7 Visa application form;
Passport or additional travel document valid for 3 months after the duration of the stay;
Two passport photos, up-to-date and with enough quality to identify you;
Valid travel insurance, allowing medical coverage, including medical emergencies and repatriation;
Proof of being in a ‘regular’ situation where you are applying from one country, but are a national of another country (i.e. that you are not currently in breach of immigration law in the country from which you are applying for the D7 visa);
Request for criminal record details by the Immigration and Border Services (SEF);
Criminal record certificate from the country of origin or the country where the applicant is residing for over a year (children under the age of 16 are exempt from producing a criminal record);
Proof that you can subsist without recourse to public funds.

What is the Portuguese D7 visa process?

The Portuguese D7 visa process takes place in 10 stages. You should allow for 6 to 12 months up until you receive the visa:

1. To begin, you start preparing your supporting documents. This may take up to a month, for the sake of the example;
2. Once you have your supporting documents ready, you complete the visa application form and submit it to the Portuguese Consultate;
3. You choose a date when the Consultate is free for an appointment. Sometimes appointments are not available for 2-3 months;
4. Attend the Consulate appointment, and drop off your supporting documents. You are asked any questions arising, e.g. in relation to your income from financial investments. If you are an English speaker, then the appointment can be in English;
5. The decision will usually be made within 30 days;...

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