I’m a citizen and resident of India.
I’m exploring Citizenship in EU, and Portugal seems like a good option.
We’re an extended family, including my Parents, spouse and children (under 5).
We looked at GV, wherein it’s possible to get all my family along. Also D7, wherein it too looks like complete family is possible (after ensuring the minimum passive income).
We intend to stay in Portugal, so looks like the residency requirements (185 days +) is acceptable. In this case, should we explore D7 instead of GV?
My early thoughts:
Low Investment - D7 doesn’t mandate any investment, but passive income is necessary.
Investment for a property - Since we anyways plan to live in PT, investing in a property might be eventuality, so why not start off with GV?
Guarantee/certainty - Read that D7 can be rejected, but GV is almost an assured route.
Dependents - is it easier on GV?
Clarity around Passive income - Can regular salary income qualify as passive income? My income is much above the required threshold, and can be effectively be maintained remotely. I can also demonstrate money in the bank if relevant. Since I own a niche consulting business, I can change the nature of the income from salary to dividend. But this change would be going ahead - is the passive income needed to be demonstrated historically for last x months? Or if I plan it immediately 3-4 months of “passive dividend” income suffice?
Also, if in case a D7 is rejected, can it have an impact on GV?