D7 visa in Portugal: why are more and more people choosing this option ?

Portugal, with its picturesque landscapes, mild climate and rich culture, attracts thousands of new foreign residents every year. Among the various visa options offered by the country, the D7 visa has become particularly popular in recent years. But what explains the growing popularity of this specific visa? This guide gives you the reasons why the D7 visa is attracting so many people from all over the world.

What is the D7 visa?

The D7 visa, also known as the residence visa for holders of passive income, is designed for non-EU nationals who wish to settle in Portugal and have regular income from passive sources. Click here for more information about this visa. These sources may include pensions, dividends, rents or other types of stable and regular income.

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The advantages of the D7 visa

The advantages of the D7 visa are many and varied. Basically, they are ease of procedure, access to permanent residence and citizenship, tax exemptions and the Non-Habitual Resident regime.

Ease of procedure

One of the main reasons why the D7 visa is so attractive is the relative simplicity of its application process. Unlike other residence visas which may require substantial financial investment or complex sponsorship, the D7 visa focuses primarily on proof of passive income. Applicants must demonstrate that they have sufficient financial resources to support themselves during their stay in Portugal.

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Access to permanent residence and citizenship

Holders of a D7 visa can obtain initial temporary residence for two years, renewable for a further three years. After five years of continuous residence, they may apply for permanent residence. In addition, after five years of permanent residence, they may also be eligible for Portuguese citizenship. This opens the door to European Union citizenship.

Tax exemptions and Non-Habitual Resident status

Portugal offers an advantageous tax regime for new residents, known as the Non-Habitual Resident regime (RNH). This regime offers considerable tax advantages, including tax exemptions on certain types of income for a period of ten years. For pensioners, this means that their pensions may be partially or totally exempt from tax under certain conditions.

In summary, the D7 visa is an attractive option for many people around the world, due to its relatively accessible requirements and the substantial benefits it offers. With its beautiful landscapes, rich culture and relaxed lifestyle, it's not surprising that more and more people are choosing Portugal as their new home.