D7 PASSIVE INCOME PORTUGAL VISA
Official Name: República
Portuguesa
Capital: Lisbon
Population: 10 million (1 crore)
Residency Program launched in 2012
20,000 Residency Cards issued till now
Temperature: 17 °C Winter to
27 °C in Summer
5 Billion Euros raised till now under
the Residency Program
Portugal joined as EU member country since 1st 1986
Portugal became Schengen area member since 1995
BENEFITS OF D7 PASSIVE INCOME PORTUGAL VISA
-NO INVESTMENT REQUIRED
-Fast Application process (within 4 months only)
-Apply on basis of stable recurring passive income
-Ease of moving to a European country with the family
-Lifestyle Benefits (good weather and safety)
-No language requirement
-Visa-free travel in Europe
-Allowed to work or do business
-Option to apply for citizenship after stay of 5 years
-Eligibility to apply for NHR
(Non Habitual Resident - 0% Tax {mostly} on Foreign Income in Portugal)
-Free education in a public school till 18 years of age
-AFTER YOU HOLD PORTUGUESE RESIDENCY FOR ONE YEAR-YOUR NEWBORN CHILD CAN BECOME A PORTUGUESE CITIZEN
INTERESTING FACTS:
-Portugal is one of the world's top surf spots. It has a coastline that spans 800 kms.
-Portugal is the home to 15 UNESCO World Heritage sites.
-Portugal is the sixth European country to allow same sex marriage.
-Portugal's colonial empire spanned 600 years and stretched which are now 53 countries
RELOCATE TO PORTUGAL (WITHIN 4 MONTHS) IF YOUR PASSIVE MONTHLY INCOME IS ONLY 820 EUROS
KEY PROGRAM REQUIREMENTS FOR D7 VISA
-Proof of passive income from rentals, dividends, pensions,royalties,interest from savings,etc by submitting contracts,bank statements, tax declarations
-Passive income of 820 Euros per month (9,840 per year) for the main applicant
-Passive income of 410 euros per month (4,920 per year) for the spouse
-Passive income of 246 euros per month (2.952 per year) for each child
AN ACTIVE SALARY FROM EMPLOYMENT OR SELF EMPLOYMENT IS NOT CONSIDERED AS PASSIVE INCOME
MINIMUM STAY REQUIREMENTS
-Year 1 & 2: 6 months (consecutive) or 8 months (non-consecutive) each year
-Year 3,4 & 5: 6 months (consecutive) or 8 months (non-consecutive) each year
APPLYING FOR PERMANENT RESIDENCY
-After 5 years of stay
-Renewed every 10 years
APPLYING FOR PORTUGUESE CITIZENSHIP
-After 5 years of stay
-After passing basic Portuguese Language Proficiency test (A2 level)
ELIGIBLE DEPENDENTS THAT CAN BE INCLUDED IN THE APPLICATION/FAMILY REUNIFICATION
-Spouse/partner
- Children under 18 years
-Children who are older than 18, not married, and study at a university in Portugal
-Your dependent parents or the parents of your spouse
-Siblings who aren’t yet 18 years old and legally dependent on you
DOCUMENTS REQUIRED
-A Valid passport with at least two blank pages and valid for at least six months at the time of application
-The applicant should have personal maintenance funds for the himself/herself and the family in the Portuguese bank account
-Proof of having regular net passive income
-Comprehensive Health Insurance of minimum 30,000 Euros per person
-Evidence of accommodation for a minimum period of 1 year and the rental agreement registered with the tax authority in the main applicant's name
-6 to 12 months of present bank statement
-NIF Number
-Photos of 3.5 x 4.5 cms
-A Police Clearance Certificate for everyone above 16 years of age, where you/they have stayed more than a year. The validity of the Certificate depends on the country of issuance ranging from 1-3 months
-Cover Letter describing the type of income you are receiving and from where and the reasons for choosing Portugal
-Marriage Certificate
-Birth Certificate
-Education Degree
Q : For how many days can I stay in Schengen?
A : 90 Days out of 180 days every year
Q : Will I need to have a visa to travel to any of the countries in the Schengen?
A : You may travel visa free and no registration is required for crossing borders.
Q : Do you need to reside in the country and know the language?
A : It is required for the applicant to stay a minimum of 180 days a year. Knowledge of language is not required, if staying as a resident
Q : In what cases can my application be rejected?
A : The application can be rejected in the following cases:
-By providing false information.
-Existence of outstanding conviction or criminal proceedings for serious criminal offences in any country of the world.
-If the applicant poses a potential threat to public order, national security or the reputation of Portugal or any other country.
Q : What happens in case of concealment of information or false data has been provided?
A : An applicant shall not pass the due diligence test and the application shall be rejected. An investor can be deprived of the citizenship, if the status was obtained by submitting false information, fraud or concealment of actual information.
F.A.Q.
