What Is Portugal’s Immigration With Zero Investment?
We all know how expensive it is to relocate to another country. Due to financial constraints, many individuals are unable to migrate. But did you know there is a wonderful place where we may migrate without having to make any investments? Isn't it amazing?
Anyone wishing to live in Portugal without having to invest can apply for a Portugal D7 Visa (Passive Income Visa).
A D7 Visa allows you to relocate to Portugal with no financial commitment. The D7 visa permits foreigners to visit Portugal to get a TRP based on the existence of a means of subsistence. As a result, the applicant must demonstrate adequate income (retirement, pensions, rented real estate, investments, etc.) to remain in Portugal. According to Portuguese law, each family must demonstrate a specific source of income for 12 months. Once granted, the D7 Visa is valid for four months, during which time the bearer must enter Portugal to apply for the relevant TRP.
Individuals who want to live in Portugal without having to be physically present might explore the Portugal Golden Visa.
Program Overview:
| Type | Independent Means Visa |
| No of years required to obtain citizenship | 5-6 years |
| No of years required to obtain Permanent Residence | 5 years |
| Investment | No investment ( must provide proof of sufficient passive income or savings) |
| Required Physical Presence | 183 days per year. |
| Processing Time | 3–4 months |
| Benefits | Visa-free travel across the Schengen region allows holders of D7 visas to travel freely throughout the European Union for a set amount of time. |
| Contribution | None |
D7 Visa Requirements
- You'll Need A NIF In Portuguese (Tax number): You will need to obtain a Portuguese tax identification number. It may be done using a power of attorney without you having to travel to Portugal. You can't do anything fiscal in Portugal unless you have a Portuguese tax number.
- A Portuguese bank account is required: After you have obtained a NIF, you can open a Portuguese bank account remotely. Single candidates must have a deposit of at least €7,000 in their bank account. Married couples must have a deposit of at least €10,500 in their bank account.
- You must demonstrate that you are financially self-sufficient: To get a Portuguese resident visa, you must demonstrate financial security and the ability to support yourself (and your spouse, if applicable) while in Portugal. The Portuguese immigration officials will seek all relevant papers as evidence (recurring income, considerable savings, or a mix of the two).
- You'll have to provide proof of your accommodation: You must book suitable accommodation before traveling to Portugal. Although you are not required to purchase property, you must have a long-term rental contract (minimum of 12 months).
- You must have comprehensive health insurance: The principal applicant, as well as any dependents, must have comprehensive EU-wide health insurance. Take notice that the medical insurance must be purchased in advance (12 months). Each candidate must have a minimum of €30,000 in medical insurance.
- You must have no prior criminal convictions: Unless you have a clean criminal record, your application will be refused. Make sure you have your criminal record before you begin the application process.
- The Minimum Stay Requirement Must Be Met: To maintain your resident status in Portugal, you must satisfy the minimum stay requirements. You should be physically present at least 183 days per year.
D7 Visa minimum income requirements
You must present proof of your financial stability for your D7 Visa application to be approved. Your passive income must be sufficient to support you without relying on your salary income. Although there is no minimum net worth requirement, Portuguese immigration officials may request confirmation of your excess funds.
- Single applicant: Single candidates must earn and demonstrate a passively generated income of at least €705 per month or €8 460 per year.
- Married couple: The minimum passive income necessary for a dependent adult while applying for the D7 Visa as a married couple is 50%. The dependent adult needs an extra €355,000 per month. This works out to €4,230 per year for your spouse. So you'll need €12,690 every year for yourself and your spouse.
- Dependent children: The minimal passive income necessary for children under the age of 18 is €211.50 per month or €2,538 per year. This amount is about 30% of the principal applicant's total necessary passive income.
Why Choose Us?
Immigrants intending to relocate to Portugal without investing might benefit substantially from the Temporary Residence Permit (TRP), which can be renewed and converted into a Permanent Residence Permit and Portuguese Citizenship. The technique, however, is not as straightforward as it looks. Understanding the different laws and policies of several categories might be difficult unless you have someone's knowledge and help.
As the top Portugal Immigration Consultants in Dubai, we assist with your migration to Portugal and provide services, taking responsibility for the whole administration of your application to ensure that your case goes as smoothly as possible.
