Portugal is a favourite destination for those looking for quality of life, security and investment opportunities. The D7 visa, known as the own-income visa, is an excellent option for foreigners who wish to live in Portugal without the need to make large initial investments.
This article explains the main requirements, benefits and strategic advantages of the D7 visa, and why it is an attractive route for foreigners wishing to reside in the heart of Europe.
What is the D7 Visa?
The D7 visa was created to attract foreigners with stable incomes, such as retirees, investors and freelancers, allowing them to live legally in Portugal. This visa does not require a mandatory minimum investment, but rather proof of sufficient income to sustain a comfortable life in the country.
Main Requirements for the D7 Visa
Proof of Income
It is necessary to demonstrate sufficient financial resources to live in Portugal.
The minimum amount required is calculated based on the national minimum wage, currently €870 per month in 2024:
1st adult: 100% of the annual minimum wage (approximately 12.180€)
2nd adult: 50% of the additional annual minimum wage (6.090€)
Each dependent: 30% of the annual minimum wage per person (3.654€)
For example, for a couple, proof of income must be 18,270€ per year (12,180€ + 6,090€). For a family consisting of two adults and a child, the figure rises to €21,924 per year (€12,180 + €6,090 + €3,654).
Proof of Accommodation
You must present a tenancy agreement, property title or an invitation letter from a resident in Portugal proving where you will be living.
Health Insurance
You must have health insurance valid in Portugal, covering medical expenses during your stay.
Criminal record certificate
A clean criminal record certificate from your country of origin.
Identification documents
Valid passport and recent photos.
Benefits of the D7 Visa
Right of Residence and Work: Allows you to live and work legally in Portugal.
Access to the Health System: You can take advantage of the Portuguese National Health System (SNS).
Pathway to Permanent Residence: After 5 years of residence, you can apply for permanent residence.
Portuguese Citizenship: The D7 visa can be the first step towards obtaining Portuguese citizenship.
Non-Habitual Resident (NHR) Scheme: Offers significant tax benefits, such as tax exemption or reduction on foreign income for up to 10 years.
How to Apply for a D7 Visa
Submit the Application at the Portuguese Consulate
The application must be made at the Portuguese consulate in the country of origin.
Gather all the necessary documents, including proof of income and accommodation.
Receiving the Temporary Visa
Once approved, you will receive a temporary visa to enter Portugal.
Apply for a Residence Permit
Once in Portugal, you will need to book an appointment with SEF (Serviço de Estrangeiros e Fronteiras) to apply for a residence permit.
Why is Portugal with the D7 Visa a Strategic Opportunity?
The D7 visa is an attractive option for those who want to combine quality of life with financial and tax advantages. Portugal offers
Attractive tax policies: The Non-Habitual Resident Regime allows advantageous tax management for income from abroad.
Dynamic Property Market: The country offers numerous opportunities in the property sector, both for buying and renting.
Exceptional Quality of Life: Portugal is recognised as one of the safest countries in the world, with an affordable cost of living and a rich cultural and gastronomic offer.
Portugal: Much More than a Residential Destination
For foreign investors, Portugal represents a strategic base in Europe, allowing access to other European markets and benefiting from a stable and welcoming environment. The D7 visa is especially suitable for those looking for a perfect balance between quality of life and tax advantages, without the need for large investments.
If you’re considering Portugal as the next chapter in your life, get in touch with the Imóveis Lusos team. We offer free personalised advice to help you find the ideal property and simplify the moving process.