Portuguese President Calls Housing Bill “Unfeasible”, Indicates It is Unlikely to Go Through
Characterizing the bill as “inoperable from start to finish”, President de Sousa indicated it was unlikely to pass in its current form.
For those willing to physically spend most of the year in Portugal, the D7 visa offers a relatively quick, low-cost route to residency – and eventual citizenship – in Portugal.
As an independent means visa, the D7 requires no investment but, rather, that the applicant demonstrate sufficient recurring income or savings.
Those who qualify can bring their families and will have the right to work and conduct business within Portugal as independent professionals.
Individuals who would like a residence permit in Portugal without the need to be physically present may consider the Portugal Golden Visa instead.
Program Type | Independent Means Visa |
Time to citizenship | 5-6 years |
Time to permanent residency | 5 years |
Minimum investment | None. Proof of sufficient passive income or savings (See How to Qualify) |
Physical presence requirement | 183 days per year |
Application processing time | 3-4 months |
Citizenship grants visa-free travel to | 187 destinations, including Schengen countries and US |
Contribution types available | No contribution required |
General program requirements
The three main requirements for the D7 visa are:
A. Demonstrate financial self-sufficiency
Individuals who can prove they have either a high enough recurring (and passive) income or sufficient savings to sustain themselves in Portugal for the duration of the visa.
The minimum monthly income required is EUR 705 for a single applicant, EUR 1,057.5 for a married couple, and EUR 211.5 per additional dependent.
For savings-based applications, the minimums are EUR 16,920 savings for a single applicant, EUR 25,380 for a married couple, and EUR 5,076 per additional dependent.
B. Show proof of accommodation in Portugal
This can be in the form of a long-term lease, a property the applicant has purchased, or a residence placed at the applicant’s disposition by a third-party.
C. Proof of EU-wide health insurance for all family members
All parties to the application must have EU-wide medical insurance with a coverage of no less than EUR 30,000 per person. This must be pre-paid for 12 months.
Program benefits
Requirements to qualify for citizenship
After the completion of the fifth year of residency an investor may apply for permanent residency. After the investor receives permanent residency, he can immediately apply for citizenship. To obtain citizenship, the applicant must pass a language test.
Applications for this program may be directed to:
Borders and Immigration Service (SEF)
Legislation upon which this program is based:
Article 58, paragraph 1, of Law number a23/2007, of 4 July, and Article 24 (d) of Regulatory Decree No. 84/2007 of 5 November
No statistics available yet for this program.
As the hub for investment migration professionals, IMI is regularly in touch with program specialists in every corner of the globe.
Tell us a little about your situation and what you need so that we may put you in touch with the right advisors.
Characterizing the bill as “inoperable from start to finish”, President de Sousa indicated it was unlikely to pass in its current form.
Madeira’s President says his government “refuses to apply the measures” and that it has the “capacity and authority to legislate on the subject.”
Inês Costa Moura and Miguel Gomes outline the three possible outcomes of the government’s proposal and what is at stake in terms of jobs.
Considering the questions surrounding the proposal’s constitutionality, the golden visa’s future is unlikely to be settled before May.
Optylon Krea gathers a group of six of Portugal’s most experienced immigration lawyers to answer questions about the golden visa’s future.
The precise wording of yesterday’s press conference left many questions unanswered and offers some hope, indicate Sara Sousa Rebolo and Vanessa Rodrigues Lima.
Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.
Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.
Bulgaria Investor Program (discontinued)
Malta MEIN
Programs that offer residence permits within months in exchange for passive investments, with limited physical presence requirements.
Andorra Residence Without Lucrative Activity
Anguilla Permanent Residency Program
Australia BIIP Investor Streams
Bahamas Economic Permanent Residence
Barbados SERP Program
Bermuda Economic Investment Certificate (EIC) Program
Brazil Investor Visa (VIPER)
Cambodia My 2nd Home
Cayman Islands Investor Visa
Colombia Investor Visas M and R
Costa Rica Investor Visa
Curaçao Investor Permit Program
Cyprus Golden Visa
Georgia Investor Visas
Greece Golden Visa
Guernsey Investor & Entrepreneur Residency
Ireland Immigrant Investor Program (discontinued)
Italy Investor Visa
Latvia Investor Visa
Luxembourg Investor Visa
Malaysia M2H Visa
Malta Permanent Residence Program
Mauritius Permanent Residency Program
Monaco Carte de Séjour
Netherlands Investor Visa
New Zealand Investor Visa
Nicaragua Investor Permanent Residency Program
Panama Qualified Investor Visa
Philippines Special Investor Residence Permit
Portugal Golden Visa
Russia Investor Visa
South Korea Investor Visa
Spain Golden Visa
Taiwan Golden Visa (APRC Plum Blossom Card)
Thailand Elite Residence Program
UAE Golden Visa
UK Investor Visa (discontinued)
United States EB-5
Programs that offer residence permits within months to those who can demonstrate income or personal wealth above a certain level, usually requiring that the holder not take up employment locally.
Argentina Rentista and Pensionado Residency
Austria Independent Means Visa
Barbados Welcome Stamp
Gibraltar Category 2 HNWI Residence
Greece FIP Visa
Indonesia Retirement Visa (KITAS)
Ireland Independent Means (Stamp 0)
Italy Elective Residency Visa
Jersey High Value Residency
Mexico Legal Residency Visa
Nicaragua Pensionado and Rentista Visas
Panama Rentista Retirado Visa
Paraguay Permanent Residency Program
Portugal D7 Visa
Spain Non-Lucrative Visa
Uruguay Independent Means Visa
Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.
You can't buy investment migration expertise.
But in IMI Club, you can build it faster than anywhere else.
IMI Club members-only benefits:
“Thanks to IMI Club, I am never that one guy in the meeting that hasn’t heard about the latest RCBI program price cut or rule change. Getting those regular alerts is simply necessary for me to stay on top of this rapidly-changing market.”
Eric G. Major
CEO, Latitude Residency & Citizenship
INVESTMENT MIGRATION COMPANIES
IMI-Preferred Partners
Investment Migration Company Directory
Accredited Agents Lists
INVESTMENT MIGRATION REAL ESTATE
IMI Real Estate Listings
Approved CBI Real Estate Developments
CBI Real Estate Watch