Basics of the D7 & D2 Portugal

Portugal D7 Visa

The D7 visa is a residence visa for retirees or passive income earners.

Requirements:

- Prove minimum stable monthly income of €800 (single) or €1,300 (family)

- Income can be from pensions, investments, property, royalties etc.

- Submit passport, application forms, photos, background check and health insurance

Portugal D2 Visa

The D2 visa is for investors looking to invest in Portuguese companies or create Portugal-based businesses.

Requirements:

- Capital transfer of €350,000 or €280,000 for investing in an existing business

- OR create 10 new jobs with €75,000 investment

- Submit application docs including business plan, background check, health insurance

Application Process:

- Submit D7 or D2 visa application at Portuguese consulate

- Get residence permit for initial 1 year after arriving in Portugal

- Renew permit for 2 year periods after first renewal

Benefits:

- Visa-free travel within Schengen area

- Reside year-round in Portugal

- Option to apply for permanent residency and citizenship

D7 Passive Income Visa

- Income can combine various allowable sources like rental yields, dividends, pensions, annuities etc. Needs to reliably total over €800/month.

- Applicants cannot exercise any professional activity or take on employment in Portugal. Income must be passive.

- After 5 years of legal residence, can apply for permanent residence permit

D2 Business/Investor Visa

- For existing business purchase option - due diligence required on financials, assets, operations and 15% minimum ownership stake

- Job creation option requires submitting hiring plans, projections, personnel needs analysis

- Family can be included in application for residence authorization

- Permanent residency possible after 5 years, Citizenship after 6 years

Taxes:

- Income generated abroad is tax exempt if country has double taxation treaty

- Foreign pensions taxed at 10%

- Need to declare worldwide assets and income to Portuguese tax authorities

Here are some additional key aspects to understand about Portugal's D7 and D2 visas:

Proof of Means

- Income thresholds not only considered at time of initial application, but also expected for visa renewals

- Recommended to show diversified assets and significantly higher means well above minimum

- Funds transfers must be clearly documented through banks

Application Processing Time

- Typically takes 2-3 months after submission for residency permits

- COVID delays and application spikes have lengthened approval timelines

- Appointing a legal representative can help follow up and provide updates

Residency Requirements

- Must spend minimum 14 days in first year and 28 days every subsequent year

- Cannot be absent more than 6 months at a time, 90 days for D2

- Must register residence with authorities after arriving in Portugal

Family Dependents

- Dependent children and spouse can be included in the visa application

- Same application documents required, along with proof of relationship

- Dependent parents may also be sponsored later under certain conditions

Transition from other permits

- Possible to switch from other valid Portuguese residency permits to D7 or D2

- Must still meet standard visa requirements like income threshold

- Renewals continue according to original permit's timeframe

I hope these additional details provide more context into navigating Portugal's investment and retirement visa programs. Let me know if any part needs further clarification!