mostly on those who are retired and live of their pensions
The D7 Visa is the Portuguese Residence program aimed at those who can live off their income. Initially, it was created thinking mostly on those who are retired and live on their pensions (designated as passive income). However, the concept of “passive income”, for this Visa, was extended and, nowadays, the D7 Visa is granted to those who have pensions, rents, dividends, interests, or income for their intellectual property. This extension allowed to encompass both Digital Nomads and the Remote Workers, as long as they get their income as profit distribution/dividends through a self-owned LLC/Limited Company.
Beside the proof of stable passive income, the main applicant must also deposit, in a new bank account located in Portugal, the amount of roughly around EUR 8.460, or EUR 12.690€ in case of a couple.
Once you successfully obtained your D7 Visa, it will be valid for 1 year. Afterward, you’ll be able to renew it for an additional 2 + 2 years. At the end of the 5th year of residence in Portugal, you have the right to become a Portuguese Citizen and/or you can renew your residence permit again, this time for 10 years, becoming a permanent resident.