Portugal Passive Income Visa

Being able to show that you get regular “passive” income—which can come from a pension, rental income, dividends, or certain types of investment income—is a crucial prerequisite for making a successful application, but there’s also other Portugal D7 Visa Requirements.

Depending on how many dependents the applicant wants to include, different minimum income requirements apply, as follows:

• Main Applicant: €9,120 (the current minimum pay) per year.
• Spouse or parents of the primary applicant – 50% of the minimum annual earnings for each individual (currently €4,560)
• Dependent children: 30% of the annual minimum wage (currently €2,736)
• It is suggested to maintain a minimum balance in a Portuguese bank account equal to one year’s worth of income.

The following dependent family members may be listed in the main applicant’s application:

• A spouse or companion
• A minor or a kid who is incapable
• Portuguese students who are single and older than 18 and are enrolled in a school
• Parents who are dependent on the primary applicant or their spouse
• Minor siblings who are presumed to be in the primary applicant’s care by law

In order to effectively prepare, submit, and process their application, Lexidy can provide applicants and their families with assistance in locating and completing the necessary papers. The following is a list of these requirements:

• Choosing Sovereign to act as your fiscal agent in Portugal in order to receive a Portuguese fiscal number
• Create a personal account at a Portuguese bank.
• Obtain long-term housing in Portugal through a purchase, rental, or loan agreement.
• All applicants must submit an application for a D7 Visa and appear in person for a consular interview with Portugal in their current country of residence.
• Set up a meeting with the Portuguese Immigration and Borders Service, or Serviço de Estrangeiros e Fronteiras (SEF), and attend it.

After their application of the D7 Visa has been accepted, applicants receive a two-year Portuguese resident card. The card must be renewed at the end of the second year in order to keep residency, at which point a three-year residency card will be issued.

Because the Passive Income Visa is intended for people who want to reside in Portugal, you must stay there for six consecutive months or eight nonconsecutive months.

– First 2 years: Minimum stay of 6 consecutive months or 8 non-consecutive months each year, with a renewal date at the end of the 2nd year for a 3-year residency permit.

– Years 2-5: Also minimum stay of 6 consecutive months or 8 non-consecutive months each year with a renewal date at the end of year 5, with an option of a 3-year residence permit, a permanent residency or Portuguese Citizenship.