Portugal Retirement Visa for Citizens Of Bangladesh

Overview of Portugal D7 Visa

The Portugal D7 Visa allows Bangladeshi citizens to retire in Portugal, travel to EU countries without a visa, and eventually apply for Portuguese citizenship.

This visa is also known as the Portugal Passive Income Visa or the Portugal Retirement Visa. Although it is not only aimed at retired people,  pensioners may benefit from the visa the most.

Eligibility for Portugal D7 Visa

All D7 Visa applicants must have a Portuguese bank account, a Número de Identificação Fiscal (NIF) number and be willing to become a tax resident in Portugal.

It is also a requirement to be a non-EU or EEA national, which applies to all Bangladeshi citizens.

Applicants must be at least 18 years old and possess a clean criminal record. They must also meet the minimum passive income requirements, as SEF must know that they can support themselves financially despite not working in Portugal.

Single applicants must have a passive income of at least €8,460 per annum or €705 per month. Individuals applying with their spouse must possess an additional 50% of this. If dependent children are involved, an additional 30% of the original income applies for each child.

These funds may come from long-term, fixed-rate financial investments, real estate, savings interest, pensions, intellectual property, business dividends (if the candidate does not work for the company), transferable equity, and/or royalties.

When applying for the D7 Visa, each applicant must be willing to meet the minimum residency requirement whilst in Portugal. This means individuals from Bangladesh must be prepared to spend at least 16 months in Portugal for each 2 years that they reside in the country.

Documents Required for Portugal D7 Visa Application

All documents for a Portugal D7 Visa application must be translated into Portuguese by a certified translator (if the original language is not Portuguese). The supporting documents are:

• 2 passport-sized photographs
• Police or criminal record check certificate
• Cover letter
• Valid passport (must be valid for at least six months from the application date)
• Proof of long-term accommodation in Portugal
• Evidence of sufficient passive income
• Confirmation of health insurance coverage
• Completed D7 Visa application form

In some cases, applicants must provide additional supporting documents, such as marriage certificates, birth certificates, references and travel details. However, these documents are not requested in every application and vary depending on the applicant’s circumstances.

Application for Portugal D7 Visa

The application process can begin when the applicant is planning on departing for Portugal within the next 3 months. The first step in the process is to apply for a D7 Residency Visa from a Portuguese Embassy or Consulate in Bangladesh.

Individuals who pass this stage will receive a stamp in their passport, allowing them to enter Portugal within the next 120 days.

Upon arrival in Portugal, D7 Residency Visa holders must schedule an appointment at a local SEF office and apply for a temporary residence permit, which will be valid for 2 years. Bangladeshi citizens who wish to remain in Portugal after this time can renew their permit for a further 3 years.

After holding a residence permit for 5 years, candidates may apply for Portuguese citizenship. However, there are some restrictions on Bangladesh citizens having dual citizenship and anyone hoping to retain their status in Bangladesh alongside Portuguese citizenship should reach out to an immigration specialist for advice.

Eligibility for Portugal Golden Visa

To apply for the Portugal Golden Visa, people from Bangladesh must have a clean criminal record, sufficient funds for a significant investment and a commitment to invest for at least 5 years. They must also be 18 years old or over.

For the two-year period that the Bangladeshi citizen is a Golden Visa holder, they must be prepared to spend at least 14 days in Portugal.

Only certain investments count towards Golden Visa eligibility. They are:

• Transferring capital (€250,000 for national cultural heritage or artistic production; €350,000 for scientific research; €500,000 for low-maintenance option, €1,500,000 for general option; €500,000 to increase the share capital of a Portuguese company and create 5 permanent jobs for 3 years)
• Creating at least 10 jobs (entrepreneurial option)
• Buying real estate of €350,000 or more (located in an urban rehabilitation area and constructed at least 30 years ago) or €500,000 or more (traditional option, excludes residential properties in certain metropolitan and coastal areas)

Documents Required for Portugal Golden Visa

The Golden Visa application process involves providing documents for evidence of eligibility. They are:

• Proof of healthcare coverage
• Receipt of application processing fee
• Copy of valid passport or another government-issued travel document
• Authorisation for SEF to access criminal records in Portugal
• Details of Bangladeshi criminal record
• Evidence of investment (e.g., proof of fund subscription)
• Documents that portray good standing with the Portuguese Tax and Customs Authority and Social Security System
• Declaration of compliance with the minimum investment requirements (for at least 5 years)

Application for Portugal Golden Visa

Before applying for a Golden Visa, candidates must gather the appropriate supporting documents and ensure any non-Portuguese information is officially translated into Portuguese.

The next step is to get an NIF number in Portugal and open a Portuguese bank account. Once this step has been completed, prospective applicants can make an investment and keep proof of investment.

The application can be completed on the SEF online portal, with the required supporting documents. There will be an initial application charge of €5,325 and a processing fee of €533 (plus an additional €83 for each dependent).

Anyone who completes the application form will receive a receipt that enables them to schedule an appointment with SEF via the online portal. It is important to make a note of the appointment date, as neglecting to turn up can result in a denied application.

On the day of the appointment, applicants must provide their supporting documents in physical form and have their fingerprints taken. If the application is successful, they will receive a Portugal Golden Visa within a few months.

Just like the D7 Visa, the Portugal Golden Visa counts towards qualifying years for citizenship. After 5 years, an application for citizenship can be submitted.