Proving Income for the D7 Portugal Visa: 7 Different Ways

Proving Income for the D7 Portugal Visa: 7 Different Ways

Proving Income for the D7 Portugal Visa: 7 Different Ways
Proving Income for the D7 Portugal Visa: 7 Different Ways

For those who wish to live in Portugal, enjoying only the income they obtain and Brazil, the D7 visa is a great option and quite common among retirees. But did you know that not only retirees can benefit from it? We will tell you everything here and how you can prove income for the D7 Portugal visa. You may also be interested in article How Much Will I Pay in Tax With the D7 Visa in Portugal.

What is D7 Portugal Visa?


Before explaining the 7 ways to prove income for the D7 Portugal Visa, let's see what this visa is all about.

The D7 visa is the type of visa offered by Portugal to those people who have income.

Was it too Vague?

Well, if you are retired, own rental properties, receive income from financial investments, or even have the possibility to work remotely, receive royalty royalties, among other options, then you can apply for a D7 visa.

That is, if you are a lucky person who has the possibility of living on income, know that you will be able to live on income in Portugal.

What are the Main Requirements to Have the D7 Portugal Visa?


As we said above, for you to be a D7 visa holder in Portugal, you must have income that will support you and all the people in your family.

So, in summary, you will need to meet 3 main requirements:

  • Proof of the income that you will use to live in Portugal, remembering that if you are going to take your family members - for family reunification - you must add to your monthly income (which must be equivalent to a Portuguese minimum wage), the amount of 30% to 50%, for each family member;
  • Availability of resources in Portugal, that is, you will need to have an account opened in a Portuguese bank, where you must deposit an amount equivalent to 1 year of Portuguese minimum wage;
  • Proof of accommodation in Portugal, to demonstrate where you will reside in Portugal, which can be a rental agreement, a public deed (if you already own a property), or an invitation letter from someone who already resides in Portugal.

Now that you know the D7 Visa requirements, is the option interesting for you?

So, we are going to tell you how you can prove income for the D7 Portugal visa, to guarantee your move to the old continent, as this is the main requirement!

How to Prove Income for the D7 Portugal Visa?


Well, as one of the main requirements for the D7 Portugal visa is to prove your income, you can do this in different ways, but it all also depends on the origin of your monthly income. It is worth remembering that the income to be proven must be net.

Thus, depending on your situation, in addition to personal documents and basic documents such as income tax return and bank statement, for example, others can also be presented to prove income for the D7 Portugal visa, as we will detail below.

Real Estate Rental


Anyone who has income from real estate rentals, whether commercial or residential, must prove the income by presenting the following documents (at least);

  • Income tax declaration, with the list of movable and immovable assets of your heritage;
  • Rental agreement and registration of the property, to prove the validity of the lease;
  • Lease Receipts

Investments


There are many forms of investments, but here we are talking about those that must guarantee you, at least, the value of one Portuguese minimum wage per month (705€ - 2022), so that you can prove income for the D7 Portugal visa, for one person.

If you have investments that earn this amount per month, one way for you to be able to prove this is through the following documents;

  • Income tax declaration;
  • Bank statements with your investment portfolio and respective income;
  • If you invest with the stockbroker, present your investment statement, with movements and proof of income.

Pro-Labore Profits and Dividends


Here we are talking to a partner or owner of a company, whose monthly income is sufficient to prove income for the D7 Portugal visa.

Thus, for these people, the following documents need to be presented:

  • Annual balance sheet of the company, with accounting records, external audit opinion (if applicable), and documents that prove the health of your business;
  • Social instrument of the company, registered with the Commercial Board of your state that proves your status as a partner and that contains the pro-labore payment clause (which is how much you receive for being a partner of that company);
  • Bank Statements and Your Income Tax Return also help.

Copyright


People who own copyright works, such as writers, artists,musicians and other creators, who receive for their creations, will be able to prove income to apply for the D7 Portugal visa, upon presentation of the following documents:

  • Contracts entered into with companies that pay royalties for copyright;
  • Bank statement with information on receipts;
  • Also present your extract from ECAD - Central Office for Collection and Distribution, which is the body responsible for collecting and distributing copyrights in Brazil;
  •  Income tax declaration.

Religious Activity


If you carry out a remunerated religious activity, weather in any religion, you will be able to prove your income to obtain your D7 Portugal visa, presenting:

  • Proof of receipt of the monthly amount;
  • Proof of connection with the place where you carry out your religious activity;
  • Personal income tax return and bank statements.

Retirees and Pensioners


The D7 visa became famous among retirees and pensioners, precisely because it is easier to prove income, since it is enough to present:

  • Document proving retirement or receipt of a pension; and
  • Income tax declaration.

Professionals Who Work Remotely


With the advancement of technology, employees have gained the ability to work remotely, that is, they do not need to be physically many at their workstations to perform, as they can be performed over the Internet.

For the purposes of the D7 Visa, those who are civil servants and who are able to work remotely, as has been employment happening with many who work in the judiciary, for example, proving their income is simpler, in view of the relationship that this employee has with Brazil.

Therefore, the documents that must be presented are:

  • Proof of employment, which proves that you work remotely - this can be through a statement made by your employer or employment contract;
  • Presentation of payslips that prove your income;
  • Income tax declaration.

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