Golden Visa: What is it?
The Golden Visa is an investment program that last for 5 years, with an initial duration of one year and renewable for two consecutive periods of two years.
The initial application is done through the Portuguese border’s office website, so there is no need to go to a Portuguese Consulate or Embassy first.
The D7 Visa: what is it?
The D7 Visa is commonly known by the “retirees Visa”, but income holders can ask for it as well.
Initially, the D7 process starts at a Portuguese Consulate or Embassy, as you need to get a 120-day Visa. After that, an appointment at the Portuguese Borders office will be scheduled to obtain a residence permit for 2 years, that can be renewed for a period of 3 year.
The Golden Visa demands that the main applicant invests on real estate, stablish a company that creates jobs, or through a Transfer of Capital. All over those 5 years, investor must proof that he/she has maintained the selected investment.
The D7 Visa does not demand any initial investment. You must proof that you have enough incomes to sustain yourself in Portugal all over those 5 years, as well when you initially go to the Consulate/Embassy. You must proof you will keep having enough income to live in Portugal over the next 5 years.
Stay in Portugal:
The Golden Visa requires the investor to prove a minimum period stay in Portugal for 7 days in the first year, and 14 days in the other two-year periods.
The D7 Visa demands the main applicant to permanently live in Portugal, at least, during 183 days per year.
Both Visas let the citizen apply for permanent residence in Portugal after the period of five years, as well for the Portuguese nationality. Both allow you to get the Non-Habitual Resident Status (NHR).