The D7 visa is an invaluable resource for non-EU / EEA / Swiss citizens looking to obtain Portuguese residency. This incredible immigration visa is not just a way to get the chance to apply for residency, but it also demands the applicant to show proof of their income to support themselves while living in Portugal. That means with just a little bit of planning and evidence of financial security, it’s simpler than ever before to relocate and enjoy the diversity and culture that is Portugal. The D7 visa is a way for travellers to visit Portugal and enjoy all it has to offer.
If you’re looking for a place to relocate and take advantage of retirement or to supplement your earnings, Portugal is ideal with the D7 visa. The D7 visa permits foreigners to retain their residency status in Portugal without any economic investment conditions. All they need to maintain their residency in Portugal is evidence the person applying for residency has received pension income from abroad, or proof of any other legitimate income or proof of the ability to show that the minimum annual tax-deductible amount for them is €7,630 per individual or EUR15,260 per household. The exemption from any obligatory investment is an appealing alternative for those looking to a long term stay without having to commit a substantial amount of cash upfront.
Portugal’s D7 visa allows anyone to travel to Portugal with its beautiful landscape and unforgettable experiences. The D7 program is very simple, and the requirements are very reasonable, considering that applicants need only demonstrate sufficient funds to sustain their own needs. It can be in a variety of forms including a guaranteed pension, monthly transfer from abroad or simply a bank statement that is worth EUR6500 per year. What makes this Portugal visa special is that it allows everyone who is an expat the chance to visit this destination without having to accept a job offer or waiting months to get a residence permit approval that being mentioned, processing typically will take around 15 days. The D7 visa holder may apply for Portuguese citizenship after six years of residence in Portugal.
Portugal is a preferred choice for retirees who want to move to another country. The D7 Visa is an investment-based visa with a number of benefits to holders. It grants up to ten year residency without having to be either a permanent resident or a citizen, and also freedom of movement within Schengen Zone countries. Additionally, the investments made following the issuance of the visa could be returned after just five years and can be reapplied for elsewhere within the country. Portugal’s friendly climate, social security programs as well as its liberal approach to foreign real estate investments can all be beneficial to those who retire and choose the D7 visa. With these factors in mind it’s easy to comprehend why the D7 visa can make Portugal an excellent option for living in retirement.
For more information, click Retirement visa portugal