D7 Visa
Non-EU, EEA, and Swiss nationals are permitted to reside in Portugal with the Portugal D7 Visa, also referred to as the “Retirement Visa.”
Quick Overview
The D7 Visa provides access to a plethora of opportunities in Portugal and the EU, including accelerated residency and a variety of investment options.
Why Portugal?
When combined with Portugal’s Non-Habitual Residency (NHR) tax system on non-Portugal generated income, the D7 Visa—also known as the “Passive Income Visa” or “Retirement Visa”—allows you to pay 0% tax on passive income, including dividends, royalties, and rental income. This also holds true for pensions held outside of Portugal, as NHR and the D7 Visa only need 10% tax.
Benefits offered by the NHR Program in conjunction with the D7 Visa include 10% tax on pension income and 0% tax on all non-Portugal-based passive income, including dividends, royalties, and rental income. Additionally, it grants access to Portugal’s healthcare and educational systems, the freedom to live and work in Portugal, the ability to travel freely within the EU Schengen area, and the opportunity to seek for citizenship or permanent residency after five years.
No, there is no specific coverage or exemption from inheritance tax offered by the D7 visa in Portugal.
The D7 visa is intended for people who want to remain in Portugal for an extended period of time without working in a particular job. Numerous people refer to it as the “Passive Income Visa” or the “Retirement Visa.”
People who become tax residents in Portugal are eligible for specific tax benefits under the NHR tax scheme. To get the most out of the D7 visa and the NHR tax scheme, they should be used together. However, on December 31st, the NHR tax regime will no longer be applicable to new arrivals. Anyone who applied for NHR tax status in Portugal by December 31st, 2023, must be able to demonstrate that they have taken significant efforts to demonstrate their intention to live and pay taxes in Portugal under the NHR tax regime, according to the Portuguese government’s announcement in their state budget for 2024
For a maximum of one year, remote workers are permitted to reside and work in Portugal with the special digital nomad visa. The ability to work remotely, having enough money to support themselves, and having current health insurance are requirements for eligible applicants. Along with having no outstanding debts or tax obligations in Portugal, applicants must also have a spotless criminal record.