The D7 Visa in Portugal is a form of long-term residence visa designed for individuals who intend to live in Portugal without engaging in traditional employment but instead have sufficient financial means to support themselves and potentially contribute to the Portuguese economy.
Here is a general description of the D7 Visa in Portugal:
- Purpose:The D7 Visa is aimed at retirees, freelancers, remote workers, and individuals with passive income streams who wish to live in Portugal.
- Financial Requirements:To qualify for a D7 Visa, applicants are required to demonstrate that they have sufficient financial resources to support themselves and any dependents. This can include income from pensions, investments, or other stable sources.
- Visa Validity:The D7 Visa is usually issued for a one-year period initially, but it can be renewed for two subsequent two-year periods. After five years of continuous residence in Portugal, applicants can be eligible for permanent residency or citizenship.