Experience the Best of Portugal: the Visa for Pensioners and Personal Income Earners
The D7 visa, known colloquially as the “retiree visa” or the “personal income visa,” provides a streamlined pathway for individuals seeking Portuguese residency while depending on their own financial resources. This visa is especially well-suited for those who derive income from diverse sources, such as dividends, interest, rental income, and pensions. It offers a structured procedure for those looking to establish their residence in Portugal, allowing them to enjoy the country’s unique lifestyle, rich culture, and numerous amenities. Whether you are a retiree or a personal income earner, the D7 visa can open the door to a fulfilling life in Portugal.
Who is Eligible?
The D7 Visa welcomes non-EU/EEA/Swiss citizens who wish to make Portugal their new home and meet one of the following criteria:
- Pensioners with documented proof of retirement or other personal income sources earned in Portugal.
- Personal income earners with verifiable annual income tax, real estate and financial assets, and the capacity to sustain themselves in Portugal.
Your Gateway to Portuguese Residency
- Portuguese Tax Number (NIF): Obtain a Portuguese tax number to facilitate financial transactions.
- Portuguese Bank Account: Open a bank account in Portugal for seamless financial management.
- Visa Application: Submit your visa application to the VFS/Portuguese Consulate in your current country of residence.
- Insurance: Secure Travel and Health Insurance or a declaration of intent to obtain insurance within 90 days of arrival.
- Clean Record: Provide a clean criminal record certificate issued by the Federal Police.
- Detailed Declaration: Sign a declaration specifying the purpose of your visa application, expected length of stay, and your address in Portugal.
- Proof of Income: Demonstrate sufficient income to sustain yourself for at least 12 months (equivalent to a minimum of 12 months of the Portuguese minimum wage).
- Pensioners can use documentation proving retirement income.
- Personal income earners must showcase their annual income tax, real estate holdings, financial assets, and their availability in Portugal.
- Establish Domicile: Prove your domicile in Portugal by acquiring, renting, or borrowing a property or through a letter of invitation from a legal resident in Portugal offering accommodation.
Visa Validity and Future Prospects
Your Self-Employed Income Visa is initially valid for 2 years, with the option for renewal in 3-year increments. To maintain your status, you must spend a minimum of 6 months per year in Portugal, plus an additional 2 months within each period of validity (provided you don’t exceed 6 consecutive months outside the country). Longer absences are acceptable for professional or cultural reasons.
After a minimum of 5 years under this visa, you can apply for a Permanent Residence Permit or even pursue Portuguese citizenship, granting you a lifetime of opportunities in this beautiful country.
Why Choose the D7 Visa
With the D7 visa, you can enjoy a multitude of benefits:
- Reside in Portugal: Make Portugal your new home and immerse yourself in its rich history and vibrant lifestyle.
- Family Reunification: Reconnect with your loved ones and build a life together in Portugal.
- Work Opportunities: Explore professional endeavours and find exciting work prospects.
- Access to Education: Enrol your children in Portugal’s exceptional public schools and universities.
- Healthcare: Access the Portuguese Social Security System, including the National Health System.
- Legal Protections: Utilize Portuguese courts of justice and gain insight into the country’s legal framework.
- Tax Advantages: Benefit from the Non-Habitual Resident Regime (NHR), which offers tax exemptions on specific income sources.