Portugal D2 Vs D7 Visa: Which one to choose fr
Are you considering applying for a business or passive income visa to Portugal? To make your relocation preparation easier, find out everything there is to know about the distinctions between the D2 and D7 visas.
Portugal is a fantastic country to live in, and it provides a range of visa possibilities to those who want to come and invest or just visit. With so many options available, it might be challenging to decide which Visa to apply for. Before beginning to make travel arrangements to Portugal, read the complete article to discover whether a business visa or a passive income visa is better suitable for your circumstances.
Should I apply for a Business Visa (D2) or Passive Income Visa (D7)
You will require a residence permit to live in Portugal if you do not hold Portuguese or EU citizenship. You must therefore submit a visa application for residence. Among many others, you can apply for a Business Visa (D2 Visa) or a Passive Income Visa (D7 Visa) based on your objectives and activities while in the nation.
According to the Global Peace Index 2021, both the D2 and D7 visas give you the freedom to live in Portugal, bring your family along, travel around the EU, and take advantage of the high standard of living in the fourth-safest nation on Earth.
The D2 Visa
The D2 or Immigrant Entrepreneur Visa is for entrepreneurs, freelancers, and independent service providers from outside the EU and Schengen Area who want to start (or transfer) a business or startup in Portugal, or who have already invested in a firm.
Despite the pandemic, Portuguese opinions toward technology and innovation remain favorable. Many profitable firms have sprouted up in the country, and the number of D2 visa applicants grows year after year.
Benefits that the Business Visa offers its holder include:
- Permission to live in Portugal for a period of two years, with a three-year extension option.
- Permission to reunite families and bring family members.
- Possibility of extending the term of residence.
- Having the ability to apply for Portuguese citizenship after five years of residing there.
The D7 Visa
Portugal has a worldwide reputation for being a peaceful and globalized country. In recent years, Portugal has emerged as a major destination for foreigners wishing to live in Europe. It offers a high level of life, financial stability, flexible investment opportunities, mobility, and a world-class education system.
If you are looking for an appropriate financial backup plan for you and your family, a D7 resident visa is the best option. The Passive Income Residency Visa for Portugal is intended for Pensioners, Retired Foreign Citizens, or other foreign nationals having a consistent income from a pension, movable property, intellectual property, or other financial interests.
Non-EU nationals of any age can live in Portugal in retirement or with their own source of income thanks to the D7 resident visa. You must first apply for a resident visa and provide proof of sufficient funds to maintain yourself and your family while in Portugal. Income may come from pensions, rental properties, real estate investments, or any other source.
Benefits that the Passive Income Visa offers its holder include:
Thanks to the D7 visa, many foreigners have already decided to spend their best years in Portugal. Retirement-age individuals and those with passive income may not need to worry about legal papers in order to benefit from tax advantages in Portugal.
- Here are a few advantages of the Passive Income Visa:
- Permission to live in Portugal for a period of two years, with a three-year extension option.
- Permission to reunite families and bring family members.
- Possibility of extending the term of residence.
- Having the ability to apply for Portuguese citizenship after five years of residing there.
- Portugal is a place where one can live without having to work or invest in any businesses.
Would you love to migrate to Portugal?
As immigration regulations and laws are always changing and difficult to comprehend and follow, it is advisable to contact Portugal Immigration Consultants who can help and guide you through the procedure. To ensure that you present yourself to the Portugal Immigration Department in the best possible light, we offer customized one-on-one guidance. We support clients by calculating their odds of receiving a visa, helping them prepare for and receive feedback from interviews, and developing a unique immigration strategy plan for each client independently.
Pelican Migration Consultants offers our prospects a high chance of success with our organized approach. Since all of our immigration cases are handled by knowledgeable and experienced immigration consultants, you can count on us. Additionally, our professionals are qualified and fully comprehend the Portuguese immigration process. So, if you're prepared to move forward, why not contact us right away to schedule a private consultation?
