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
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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
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.
