Portugal has emerged as a popular destination for individuals seeking to study, work, or retire in a vibrant European country with a rich culture and high quality of life. As an expat, understanding the various visa options available is crucial.
In this blog post, we will look into four popular visa categories: the D2 visa for entrepreneurs, the D7 visa for retirees, student visas for those pursuing education in Portugal, and the Job Seeker Visa, which offers skilled professionals the opportunity to look for employment in this dynamic setting. Let's explore these visa options and their requirements in detail.
1. D2 Visa
The D2 visa, also known as the Immigrant Entrepreneur Visa, is for individuals who intend to invest in Portugal, either by setting up a business, operating as a freelancer, or conducting independent professional activities.
- Purpose: The D2 visa is intended to foster entrepreneurship and attract foreign investment to Portugal.
- Benefits: Successful applicants can live and work in Portugal while developing their business venture. They have access to the public health system and their kids can register in the public education system.
- Requirements: Applicants must submit a comprehensive business plan, demonstrate sufficient funds, and meet specific criteria outlined by the Portuguese authorities such as a minimum investment of €5,000.
- Minimum Yearly Stay: 6 consecutive months or 8 non-consecutive months per year
- Duration of Validity: 2-year validity, then 3 years after the first renewal
- Application Process: 3-6 months
2. D7 Visa
The D7 visa, also known as the Passive Income Visa or Retirement Visa, is an excellent option for retirees looking to spend their golden years in Portugal. The types of passive incomes as per law are pension; rent from real estate investments; financial investment (interests); dividends; intellectual property; and royalties.
- Purpose: The D7 visa encourages retirees to settle in Portugal, contributing to the local economy.
- Benefits: The D7 visa grants retirees the opportunity to enjoy Portugal's pleasant climate, rich heritage, and vibrant lifestyle. D7 holders acquire residence rights in Portugal which include access to the national health service and the local school system, among others.
- Requirements: Applicants must demonstrate a stable passive income or pension of around €820 per month or €9,8420 per year and possess comprehensive health insurance. For secondary applicants (e.g. a spouse or partner) a further 50% is required and a further 30% for each child.
- Minimum Yearly Stay: 6 consecutive months or 8 non-consecutive months per year.
- Duration of Validity: 2-year validity, then 3 years after the first renewal
- Application Process: 3-6 months
Both the D2 and D7 visa holders are granted visa-free entry and movement throughout the Schengen region for a set number of days, eligible for permanent residency or citizenship after 5 years, provided they meet all requirements under Portuguese nationality law. They are also qualified for family reunification in Portugal.
3. Student Visa
Portugal is renowned for its high-quality education system, making it an attractive destination for international students.
- Purpose: Student visas allow individuals to study at recognized educational institutions in Portugal.
- Benefits: Student visas offer access to excellent educational opportunities, a multicultural environment, and the chance to explore Portugal's diverse landscapes. Students are also allowed to work up to 20 hours per week during the semester and full-time during semester breaks and holidays.
- Requirements: Applicants must obtain an acceptance letter from an accredited Portuguese institution, demonstrate proof of financial means, and provide evidence of health insurance.
- Duration of Validity: 1-year validity, renewed annually until the end of studies
- Application Process: 2-3 months
- Can you stay in Portugal after completing your studies? Yes, provided you have a job offer and apply for a work visa before your student visa expires.
- Can you apply for permanent residency after completing your studies? The time you lived in Portugal as a student does not count towards permanent residency.
4. Job Seeker Visa
For individuals aspiring to build their careers in Portugal, the Job Seeker Visa offers a strategic pathway to explore employment opportunities. This visa entitles its holder to enter and remain in Portugal for the sole purpose of job hunting, authorizing them to engage in a subordinated work activity until the visa expires or until the residence permit is granted.
- Purpose: Holders of the Job Seeker Visa have the opportunity to actively search for employment, engage in interviews, networking, and explore potential career paths.
- Benefits: Holders have the opportunity to search for employment in Portugal, engaging in interviews, networking, and exploring potential career paths.
- Requirements: Applicants must demonstrate financial means to support themselves during the job search, possess relevant qualifications or skills, and showcase a commitment to finding employment in Portugal.
- Duration of Validity: Initial period of 120 days, renewable for another 60 days, and allows only one entry into Portugal. After formalizing an employment contract during this period, the visa holder can apply for a residence permit, subject to fulfilling the general conditions under the terms of Article 77 of the Law.
- Application Process: 2-3 months
Whether you aspire to start a business, work, retire, or pursue education in Portugal, understanding the visa options available is vital for a successful and fulfilling experience. The D2 visa caters to entrepreneurial spirits, the D7 visa provides a pathway for retirees, student visas open doors to quality education, and the Job Seeker Visa offers skilled professionals the opportunity to explore career prospects.
By thoroughly researching the requirements and consulting with ORM, you can embark on your journey to Portugal with confidence.
(Note: This blog post is for informational purposes only and should not be construed as legal or financial advice. Seek professional assistance for your specific situation. Our team of professional advisors is happy to schedule a consultation tailored to your needs. )
