The Algarve Property Specialists

COMPARISON of time frame, costs, requirements between The Golden Visa Ticket and The D7 Visa

D7 Visa or Golden Visa, what’s the best solution for Non-Europeans?
Here is a quick comparison between the two options, for citizens who wish to stay/live in Portugal.

Thursday, 11 November 2021 - Golden Visa

Golden Visa

Travel throughout the Schengen visa-free countries
Requirements: Non-EU National/Investor

Portugal D7 Visa

Travel throughout the Schengen visa-free countries
Requirements: Special Visa for Retirement or Passive Income, Non-EU National, Eligibility*

  • You are a Non-Resident in Portugal
  • You need to do the application with an experienced law company/ real estate agency for the property
  • To achieve residency - or eventual citizenship (needs a Portuguese language test) within 5 years
  • Funds for investments must come from abroad and own bank account
  • Entry in Portugal with a valid Schengen Visa
  • Portuguese Fiscal number and Portuguese bank account
  • Declaration from the Tax-department and social security proving the absence of debts
  • Absence of references in the Portuguese Immigration and the Schengen services
  • Absence of conviction of relevant crime
  • Have Clean Criminal record certificate
  • Health insurance valid in Portugal
  • Proof of income and address
  • Valid passport with at least 6 months left before it expires
  • You are a Non-Resident in Portugal and self-sufficient
  • First you need a tax fiscal number (NIF) possible via POA
  • To open a Portuguese bank account, could also be remotely
  • To achieve residence permit in time frame steps, after 5 years it is possible to apply for permanent residency.
  • Apply Online for an appointment at the Portuguese consulate in your country or in Portugal or in any other Schengen visa free country
  • Tavel insurance
  • Have proof of a passive income of the current min wage in Portugal, status 11/2021: € 665,-- per month (12 months) for the main applicant, and 50 % of that for a partner or parents plus 30 % of that min wage for each child.
  • Have Clean Criminal record certificate
  • Health insurance valid in Portugal/or notarised affidavit that it will be acquired within 90 days of arrival in Portugal.
  • Proof of residence address in Portugal (rental contract, or proof of Portugal property ownership)
  • Valid passport with at least 6 months before it expires

What are the costs involved?

  • Processing fee (of the investor) – Approx. € 530
  • Processing fee (per additional family member) - Approx. € 83
  • Processing fee Renewal (x2) (per family member) - Approx. € 83
  • Initial Golden Visa (per family member) – Approx. € 5,300
  • Golden Visa Renewal (x2) (per family member) - Approx. € 2,600
  • You do need an experienced law company for this procedure, costs depend on the choice of your law company

What are the costs involved?

  • Government fees for the D7 visa are between €50 to €300 (per applicant)
  • Main costs: relocation, rent/purchase of property plus professional fees

Time Frame

  • Minimum stay in Portugal, 7 days during the first year and fourteen days during each subsequent period of two years

 

 

Golden Visa | TOGOFOR-HOMES

Portugal Golden Visa: The Definitive Guide 2021 | Get Golden Visa

Article 90-A – Residence Permit for investment purposes – The Official Website of Portuguese Immigration (sef.pt)

Time Frame

  • For the D7 residence permit: minimum of 16 months in the country during the first 2-year period. You are also expected to be in the country for 28 months in each 3-year subsequent period. Absence for 6 consecutive months could result in cancellation of your residence permit.
  • The permanent residence that the D7 provides, requires you to stay a minimum of 30 months during each 5-year period. If you are absent for 25 consecutive months, your residence permit may be cancelled.

 

D7 Visa Portugal: The Ultimate Guide (getgoldenvisa.com)