UPDATE: Now only €665 euros per month for the Portugese D7 passive income visa

#secondpassport #investorvisas #entrepreneurvisas #portugald7visa
0:00 - The Portugal D7 Residence Permit
0:45 - How much passive income do you need for the D7 visa?
2:20 - What are the supporting documents required for the D7 residence permit?
2:30 - What is the Portuguese D7 visa process?
4:21 - What are the Portuguese D7 visa fees?
4:32 - How can you use the Portuguese “Non-Habitual Residence” tax regime?
📧 I am happy to help with your visa and citizenship options. Please contact me through the details here: tom-bradford.c...
UPDATE: Now only €665 euros per month for the Portugese D7 passive income visa
The Portugal D7 Residence Permit
The Portuguese D7 visa is one of the only EU visas which puts you on a pathway to permanent residence and EU citizenship where you can qualify purely on the basis that you have an income from financial investments, for example, a pension or rental income. I’m going to explain how it works in these videos with these easy-to-understand diagrams. It can be a great alternative to the golden visas and investor visas, which generally require you to invest large sums of money. The point is you have large sums of money available to invest, then you will probably qualify for the D7 visa, but the advantage is you can do it without making any investment and without carrying any of the associated financial risks.
How much passive income do you need for the D7 visa?
How much passive income do you need for the D7 visa? This is essentially the Portugese minimum wage, which is low. This has been increased slightly for 2021. It is broken down as follows:
(a) The first adult must meet 100% of the Guaranteed Minimum Monthly Remuneration (so €665 euros per month);
(b) Second and any further adults must meet 50% of the Guaranteed Minimum Monthly Remuneration (so €332.5 euros per month); and
(c) Dependent children (younger than 18) must meet 30% of the Guaranteed Minimum Monthly Remuneration (so €199.5 euros per month).
Bear in mind that the type of income is important. The Portugese legislation refers to “visa applications made by foreign citizens who live on income from financial investments” (Article 24(d) of Regulatory Decree No. 84/2007). So having an income from working will not qualify. What would usually qualify would be, for example:
Your income from your pension;
Dividends from your company (providing you are not playing an active role in the management of your company); or
Rental income from your financial investments in rental properties.
This is not an exclusive list and there may also be other kinds of income that can qualify as income from financial investments.
What are the supporting documents required for the D7 residence permit?
In terms of the supporting documents you need, you will need to provide these documents:
Proof of subsistence (the Guaranteed Minimum Monthly Remuneration) can take the form of a statement of responsibility, signed by a Portuguese national or by a foreign national legally resident in Portugal;
The D7 Visa application form;
Passport or additional travel document valid for 3 months after the duration of the stay;
Two passport photos, up-to-date and with enough quality to identify you;
Valid travel insurance, allowing medical coverage, including medical emergencies and repatriation;
Proof of being in a ‘regular’ situation where you are applying from one country, but are a national of another country (i.e. that you are not currently in breach of immigration law in the country from which you are applying for the D7 visa);
Request for criminal record details by the Immigration and Border Services (SEF);
Criminal record certificate from the country of origin or the country where the applicant is residing for over a year (children under the age of 16 are exempt from producing a criminal record);
Proof that you can subsist without recourse to public funds.
What is the Portuguese D7 visa process?
The Portuguese D7 visa process takes place in 10 stages. You should allow for 6 to 12 months up until you receive the visa:
1. To begin, you start preparing your supporting documents. This may take up to a month, for the sake of the example;
2. Once you have your supporting documents ready, you complete the visa application form and submit it to the Portuguese Consultate;
3. You choose a date when the Consultate is free for an appointment. Sometimes appointments are not available for 2-3 months;
4. Attend the Consulate appointment, and drop off your supporting documents. You are asked any questions arising, e.g. in relation to your income from financial investments. If you are an English speaker, then the appointment can be in English;
5. The decision will usually be made within 30 days;...

[@TomBradford]

📧 I am happy to help with your visa and citizenship options. Please contact me through the details here: tom-bradford.com/contact-me

[@unaisdesigner]

Hi tom, is it acceptable from Stock market and Mutual fund investment income source?

[@christinewatts7086]

Tom what is your opinion when opening a bank account there what amount do you suggest, my concern is if my visa app should be denied it would have to be closed just a ballpark figure

[@AndrewBuckleBookReviews]

will do, very useful information !

[@crayzymum]

Thanks for this info! Much better and easier to follow graphics on this video than on the earlier D7 video! 👍

[@JenShea]

This was so well laid out. Thank you for sharing!

[@TomBradford]

You are so welcome!

[@sassy0010]

Hi Tom, great report. I was glad to subscribe. You didn't mention Social Security retirement payments as meeting the requirement. This is certainly passive income, like a pension.

[@rebeccagutierrez1960]

Is it okay to say, I love you Tom Bradford? For all this great information.

[@redgree1645]

Hello Tom, thanks so much for an excellent well laid out information it’s much appreciated it. My first visit to your channel. I subscribed just now, thanks again.👍❤️

[@AndrewBuckleBookReviews]

Very interesting video, well explained !

[@TomBradford]

Thank you so much! I'm very pleased that you found the video to be of great help! You can check out my other videos regarding Portuguese visa routes. Best, Tom

[@anacarolinasanchez7033]

Great news! Thank you! I will definitely contact you soon.

[@TomBradford]

Please do!

[@samirsamir7779]

Great ! thank you so much :) , will contact you as soon as the passive income process will work . thank you Tom

[@TomBradford]

Fantastic!

[@ryo9417]

Thank you sir for the video. It was really informative.

[@TomBradford]

Glad it was helpful!

[@christinewatts7086]

Tom thank you for your great information

[@paulsheridan1486]

Thanks very much Tom.

[@nateums]

Awesome video! Thank you!

[@TomBradford]

Glad you liked it!

[@gurnamsinghsingh757]

Tanks Tom nice information

[@eddyjcreative100]

Oh my very well presented ty

[@tumbleweedlyfe]

I would assume nterest from money invested in a bank would qualify as passive income? Thanks

[@prasenjitdey4222]

Very informative channel sir, Thank you.👍👏👏🤝

[@TomBradford]

Welcome

[@scottmachaffie5438]

Where is the link to the ebook? The graphics in the videos are great.

[@abbasarzi-soltan3071]

Thank you so much for your great information, do I need to learn Portuguese for citizenship?

[@yesno3906]

My parents are financing me, is it considered as an income?

[@myinthlaingmaung9227]

Hi, How many years or months of passive income statement is needed to apply for the D7 visa?

[@kyleparkin2428]

Does remote work count as passive?

[@quinosonic82]

Nope. Work is always an active source of income. But they accept it as if it was passive for the D7.

[@abdulfarooq8738]

Thanks sir

[@abdulfarooq8738]

Good information

[@mrvoid912]

hi. Does this still apply now?

[@MizMundoAdventures]

👌👌👌

[@nawazreacts5968]

Hello Tom, I hope you are well, Tom I am a freelancer, freelancers are also eligible for this visa? my source of income is fiverr (a freelancing website), please explain a little. thanks

[@TomBradford]

Hi, I am happy to help with your visa and citizenship options tailored to your individual case. You can book a consultation with me for further discussion / case analysis: tom-bradford.com/contact-me

[@dammikejayaweera1567]

Hello Sir, I'm 43 married working for a UK IT company remotely from Sri lanka. Im a Graphic Designer and Care Assistant as well. I would earn 900 Euro per month from the UK company and some more from Graphic Design. I have funds of 2000USD and 3000GBP in my Barclays Virtual bank. Please could you let me know if I would be eligible for Portugal D7 VISA? I like to apply with my family as well.

[@TomBradford]

Hello Mr. Jayaweera, I am happy to help with your visa and citizenship options tailored to your individual case. You can book a consultation with me for further discussion / case analysis: tom-bradford.com/contact-me