Residence permit for financially independent persons in Portugal

A residence permit for financially independent persons in Portugal is an excellent option to gain the opportunity to legally reside in Europe if you have a certain amount of money at your disposal. To participate in the program, a residence permit applicant must reside outside the EU, European Economic Area and Switzerland. In this case, it is necessary to have sufficient passive income.

In Portugal itself, the introduction of a residence permit for investment program is considered an excellent option for obtaining additional funds for the state budget. The entire process begins with the D7 visa. Below we will talk in more detail about receiving Residence permit in Portugal for freelancers and other persons who have passive income.

What is meant by passive income

The government's citizenship by investment program clarifies what is considered passive income. So, this category includes:

• Pensions;
• Dividends;
• License fees (royalties);
• Income from work in the IT field or any other activity with high added value, etc.

Specialists working in the following fields can count on participation in the program:

• Programmers;
• Specialists in providing hosting services;
• Graphic designers;
• Directors of various projects;
• Web developers, etc.

Benefits of the D7 visa in Portugal

Receipt procedure Residence permit in Portugal for financially independent persons it begins with a D7 visa imin-portugal.com/ru/. This option for people with passive income is much faster and simpler than other programs operating in the country. This option also has other advantages:

• Obtaining a visa will allow you to freely enter the countries of the Schengen zone. Currently it includes 26 European countries.
• Free residence in Portugal without restrictions.
• The opportunity to participate in the Non-Standard Resident program, which has a reduced tax rate - for 10 years you can pay less tax on part of your foreign income.
• The visa holder has the same rights as Portuguese citizens. We are talking about obtaining education, qualified medical care, etc.

Requirements for a D7 visa applicant

That move to Portugal and obtain a residence permit, you will need to fulfill the following conditions:

• Opening a local bank account and living in the country. You will need to confirm your intention for long-term residence in Portugal - renting or purchasing real estate. Next, an application for a visa is submitted and an interview is scheduled at the Consulate.
• Submitting an application to the Consulate. The required supporting documents will depend on the Consulate you are dealing with. But there is a general set of documents - a passport, two color passport-size photographs, an application describing the reason for obtaining a residence permit in Portugal, medical insurance, a certificate of no criminal record, documents confirming the purchase/rent of real estate.
• Confirmation of sufficient financial security. To confirm the amount of income, you can provide a bank account statement or any other similar documents. A sufficient amount of financial security is equivalent to the current minimum subsistence level in Portugal.

How to legally enter Portugal

To start processing documents, to purchase real estate and resolve other issues, the best option would be to apply for a special visa. It will allow you to legally stay in the country for up to 4 months.

Immediately upon arrival in the country, you should contact the Migration Service to apply for a residence permit in Portugal. If the application is approved, your family members will also be able to obtain a residence permit.
The program for obtaining a residence permit in Portugal by investment will be an excellent option for freelancers. This option will allow you to apply for a visa and count on a residence permit if you have sufficient passive income. You will also need to buy or rent residential real estate in the country.