Financial independence/Retirement VISA
PORTUGAL
Portugal D7/financial independence visa, also known as Portugal retirement visa. It is considered one of the methods of immigration to Portugal, which is issued according to a person’s financial ability and there is no age limit for it, and people of legal age can apply for it. Also, the applicants do not need to provide their language or educational qualifications.
Therefore, immigrating to Portugal through a retiring visa is one of the wonderful ways to immigrate to people who are not citizens of the European Union but intend to stay, work and live in this country. In the rest of this article, we have discussed the conditions and procedures for obtaining a Portugal retirement visa and how to get residency and stay in Portugal. Stay with Andisheco to get more information.
Requirements for obtaining portugal retirement visa
To immigrate to Portugal through retirement or retire in Portugal, you must prove that you have a regular income from your home country and that you have sufficient deposits in your bank account. The sources of income that you must prove from which the required amount is provided monthly, can be pensions, dividends or investments, or renting property in your country.
The required income is different for each applicant. The main applicant must earn 100% of the country’s minimum wage, which is currently €7,620 per year; His wife should have 50% equal to 3810 euros per year and each of her children 30% equal to 2292 euros per year.
The amount that must be deposited in the applicant’s bank account is 15,000 euros, which must be in the person’s bank account in Portugal. It is obvious that every member of the applicant’s family who intends to immigrate to Portugal through a financial visa; They have to add an amount to their deposit.
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Steps to get portugal D7 visa
To retire in Portugal, you need to go through 6 steps, part of which you have to do in your country and the other part in the destination country:
In the first step, it is necessary to open a bank account through a financial representative in Portugal and deposit an amount into it.
In the second step, you must apply for a Portuguese retirement visa through the embassy of your country. It means that people who are inside Portugal cannot apply. After the visa is granted, you have 120 days (4 months) to go to Portugal.
To receive a portugal retirement visa, you must provide proof of residence in this country; Therefore, in the fourth stage of immigrating to Portugal In this way, you must buy or rent a property to get an address.
After that, in the fifth step, you must apply and participate in the SEF (Portuguese Immigration and Border Service) interview through your country’s embassy.
Finally, if you go through the above steps completely and correctly and are considered qualified by the SEF organization, you will be issued a residence permit. which is valid for 1 year and can be renewed.
Who can apply for Portuguese residency via retiring or financial independence?
a retirement visa does not impose special restrictions on people from outside the European Union, and almost everyone can be suitable. But in general, it is necessary to know who are the eligible people before applying for a Portuguese retirement visa.
In general, people who have the ability to prove their expenses in this country, or people who want to spend at least 6 months of the year in this country, can apply for this type of visa. Also, retirees who have enough capital and certain income to meet their needs for living in this country and people who do not have any criminal record can immigrate in this way.
Benefits of the Portugal Affordability Visa
In this section, we intend to express the benefits of getting portugal retirement visa;
- It includes all family members.
- By obtaining a Portugal visa, you can travel to all Schengen countries without the need for a visa.
- You can easily enjoy working and living in this country.
- You have the possibility to use the healthcare system of this country.
- You can benefit from free education.
- After 5 years you can get Portuguese citizenship. In this way, you will benefit from the low tax rate of this country.
- If you stay in this country for 1 year and your baby is born, it will be considered a citizen of Portugal.
- You will have full judicial rights.
- You will have the experience of living in a country with high prosperity and security.
- You will enjoy the benefits of living in a country with an advanced transportation system.
Costs of acquiring residency in Portugal by retiring visa
The cost of obtaining Portuguese residency varies depending on the embassy you apply to. In general, you will need an amount of around 80 to 100 euros to get this accommodation.
Time required for the issuance of Portuguese financial independence visa
It may take up to 4 months to complete the Portuguese residency process. Of which 4 to 8 weeks are spent processing the embassy and consulate application, and 6 to 12 weeks are spent for the residence permit of the Portuguese Immigration Department. This process may take longer if you have applied for an appointment in Porto or Lisbon.
Consultation with the Andishe to get a portugal retirement visa
In this article, we have examined the conditions and costs of living in Portugal with financial resources or a retirement visa and tried to provide you with enough information to immigrate to Portugal in this way. However, going through these steps and as a result obtaining residence in this country has complex steps, for ease and speed in doing them, it is suggested to use the experience and guidance of experienced lawyers and consultants of immigration institutions.
Frequently Asked Questions about portugal D7 visa
1- What is the minimum financial capacity to obtain a Portuguese financial capacity visa?
A minimum of 15,000 euros is required for each family member.
2- How many years of residency does Portugal grant through a financial means visa?
In this way, you can get a 2-year stay that can be extended.
3- Is there an age limit for obtaining a Portuguese visa?
No, all adults over the age of 18 can apply for a Portugal visa in this way.
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