Retirement Visas

The D7 visa (also known as the Passive Income or Retirement Visa) is designed for individuals with stable passive income sources such as pensions, rental income, dividends, or investment returns. No need to work or invest in Portugal. Requires proof of at least €920/month passive income (Portugal's minimum wage as of January 2026) plus €11,040 in savings. Must spend at least 16 months in Portugal during the first two years. Leads to permanent residency after 5 years and citizenship eligibility. Family members can be included with additional income requirements (+50% for spouse, +30% per child).

Residence visa for those with passive income who do not intend to work in Spain. Ideal for retirees, people with investment income, or those living off savings. Requires €27,115/year for individual (€6,778 additional per family member). Cannot work on this visa - must show passive income from pensions, investments, savings, or rental income. Initial permit 1 year, renewable for 2-year periods. After 5 years, eligible for permanent residence. No age requirement. Popular retirement destination with excellent healthcare.

Panama's world-renowned retirement visa program, consistently rated as best retirement program globally. Requires only $1,000/month pension or lifetime income ($250 per dependent). Grants IMMEDIATE permanent residency (no provisional period). No age limit - open to retirees of any age with qualifying income. Famous "Pensionado Benefits" include 50% off entertainment, 25% off restaurants, 20% off medical consultations, 15% off hospital bills, and more. 97% approval rate with nearly 2,000 granted in 2024. Processing 2-4 months, total costs only $2,400-2,800. After 5 years, eligible for citizenship. Can include spouse and dependents. Must prove lifetime income source (pension, Social Security, annuity, trust distributions).

Residence permit option for individuals with sufficient passive income or pension who wish to reside in Moldova without working locally. While no specific "retirement visa" exists, residence permit available based on proof of financial means. Requires valid health insurance, proof of residence (rental or property ownership), and clean criminal record. Initially valid 12 months, renewable. Offers affordable European living with extremely low cost of living (€800-1,200/month comfortable lifestyle).

Vanuatu offers residence visas for those wishing to live long-term without working locally. Categories include retirees, investors, and those with independent means. Requires proof of sufficient income or assets to support yourself without local employment. Vanuatu's zero income tax makes it attractive for retirees and those with passive income. Can be a stepping stone to citizenship for those who prefer gradual integration.

Migrant (M-11) category visa for foreign nationals receiving lifetime pension income. One of Colombia's most accessible retirement visas with no age requirement. Requires monthly pension of 3 SMMLV (COP 5,252,715 or ~$1,200 USD in 2026). Valid for up to 3 years, renewable. Must remain in Colombia 180+ days annually or visa may be cancelled. After 5 years on M visa, eligible for permanent Resident (R) visa. Pension income up to 1,000 UVT (~$12,100/month) is tax-exempt in Colombia. Can include spouse and minor children as beneficiaries.