Portugal has become an increasingly attractive destination for entrepreneurs and investors from all over the world. Its strategic location in Europe, mild climate, safety and quality of life are just some of the reasons why many choose Portugal as a destination to start a business.
The D2 Visa, also known as the Visa for Investment or Entrepreneurial Activity, is one of the main entry points for those wishing to establish themselves in the country. This article will guide you through everything you need to know about the D2 Visa Portugal.
With a much less bureaucratic system for starting a business and the opportunity to open a company without a large initial investment, Portugal is an excellent destination for entrepreneurs and the self-employed. The D2 Visa is therefore an excellent starting point for investing in the country.
The Portugal D2 Entrepreneur Visa, also known as the Immigrant Entrepreneur Visa, aims to provide residency authorization to individuals from non-EU/EEA/Swiss nations. This visa is specifically designed for individuals who have either already made investments or want to engage in investment activities in Portugal. The government established it with the purpose of acquiring external financial resources to enhance the Portuguese economy.
In contrast with visas like the Portugal Golden Visa or the D7 Passive Income Visa, the D2 visa does not necessitate a substantial investment or a consistent passive income. Instead, it prioritizes company investment and the presence of a feasible business concept. This visa is adaptable and can be utilized for a wide range of organizations, spanning from small cafés to real estate offices.
The Portugal D2 Visa is divided into two categories, each catering to various types of entrepreneurs.
Independent/liberal professionals that intend to work in Portugal and already have a work contract or written work proposal. Freelancers and digital nomads can also apply, as long as they prove that they offer differentiated services that are relevant to the country.
This visa provides numerous advantages, including both personal and fiscal. The idea is to provide the holder with a beneficial legal and personal environment for their living in Portugal.
By obtaining the D2 visa, you have the opportunity to request and obtain the Portuguese Residence Permit, enabling you to legally reside, work, and live in Portugal for a duration of one year. The permission can be extended for two consecutive periods of 2 years, provided that the applicant demonstrates the ongoing nature of their professional endeavors. Upon completing the initial 5-year period of legally recognized residency, you are eligible to apply for Portuguese citizenship.
If you intend to bring your business to Portugal, the entities will consider the conditions and the potential of the company’s contribution to the country. You must prove your organization’s value through the following elements:
The D2 Visa application will be assessed by considering the economic, social, scientific, technological and cultural relevance of the investment. The perspective of the creation of jobs in Portugal will also count in your favor.
Now that the time has come, after meeting the eligibility requirements, there are some documents that are needed to apply for the D2 Visa.
For independent contractors and self-employed individuals
The D2 Visa application has a cost of 90€.
D2 Visa holders can bring their family members to Portugal through the family reunification process. This means that spouses and children can also benefit from resident status in Portugal.
There is no specific minimum income. Nevertheless, it is imperative that you demonstrate sufficient financial resources to sustain yourself and your dependents for the entire duration of your stay in Portugal. Bank statements or other forms of income verification can serve as evidence to verify this.
There is no minimum investment requirement for the D2 Visa. Nevertheless, your business plan has to exhibit fiscal sustainability and elucidate how you will sustain yourself in Portugal.
The D2 visa approval process can take 60 days (this type of visa is treated with the highest priority).
The D2 is aimed at entrepreneurs/investors and self-employed professionals, while the D3 Visa is aimed at highly qualified professionals and researchers. Both visas provide a residence permit in Portugal, but cater to different needs and professional profiles.
While not mandatory, possessing proficiency in Portuguese can confer a distinct advantage, particularly in terms of employment prospects and assimilation into the local community.
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