D7 is a speacial type of Visa being introduced by Portugese Government in 2007. It is also known as Passive Income Visa or Retirement Visa.
D7 residence visa allows any non-EU/EEA/Swiss citizen who has a reasonable net regular passive income to apply for residency in Portugal. This income can be from real estate rentals, pensions, transferable equity, intellectual property, or financial investment. The minimum required value to be eligible for this visa is a yearly income of €8,460, plus 50 percent of this amount for the spouse and 30 percent for each dependent child. This is regardless of the person’s country of origin. This visa allows you and your family legal residence in Portugal. It is intended to attract retirees and those living on passive income to reside in Portugal in an effort to boost the economy. Additionally, holders of this visa are not precluded from having a professional activity in Portugal.
The Portugal D7 residency visa is a great way to live in Portugal and enjoy all the benefits that the country has to offer. The visa allows you to live and work in Portugal and also gives you the freedom to travel around Europe.
After five years of legal residency, you may apply for permanent residency. You can also apply to become a Portuguese National through naturalization.
The Portugal D7 residence visa is valid for a period of one year. After this period, the visa holder must apply for a renewal of their visa in order to continue living in Portugal.
Under the D7 residence permit, you are expected to spend at least 16 months in the country during the first 2-year period. You are also expected to be in the country for 28 months in each 3-year subsequent period
To apply for a Portugal D7 residence visa, applicants must submit the following documents: a valid passport, a completed application form, two recent passport-style photographs, and a non-refundable processing fee. Additional documentation may be required depending on the applicant's individual circumstances.