Portugal D2 Visa: Entrepreneur Visa
What is the Portugal D2 Visa?
The Portugal D2 Visa allows entrepreneurs, freelancers, and independent service providers to reside in Portugal. The Portuguese government started this visa in order to raise external resources and investments to grow the Portuguese economy. This visa only applies to non-EU/EEA/Swiss citizens who wish to start a business or relocate their existing business to Portugal. You can also choose to invest in an existing business in Portugal. The Portugal D2 Visa is less known than the D7 Visa and the Golden Visa but can be a viable route to permanent residency and citizenship for those looking to work for themselves in Portugal.
The Portugal D2 Visa allows you to enter Portugal and the Schengen area (26 EU countries). You can circulate freely without a visa. The D2 visa essentially grants you the travel rights of all European Union citizens. This is perfect for entrepreneurs who want to travel through Europe to network and build corporate connections.
You don’t need to leave your family behind with the D2 Visa. This visa allows for family reunification where your family members are granted the same residency rights as you. This means that a partner, children under 18, dependent children over 18 that are studying, parents, and minor siblings. From getting permanent residence to tax incentives, family reunification grants all the same rights to your family. You will have to prove your relationship to any family members included in the program.
Yes! Right after receiving your D2 Visa, you have to book an appointment with the Foreigners and Borders Service (SEF) to obtain a residency permit. Your D2 Visa is only valid for 120 days, but if you carry proof that you have booked this appointment, you are good to go. You will renew your residency until the 5-year mark when you can apply for permanent residency.
You can become a Portuguese citizen after 6 years of legal residency. To do so, you need to learn Portuguese and obtain an A2 Portuguese language certificate, have a clean criminal record, and provide documents such as proof of a Portuguese bank account.
5. Tax Incentives: Non-Habitual Tax Regime
With a Portugal Golden Visa, Portugal D7 Visa, and Portugal D2 Visa, you can become a non-habitual resident (NHR) and enjoy the incentives of this fiscal regime. This tax regime allows you to transfer your tax residency to the country. To be eligible, you cannot have been taxed in Portugal during the five years before the application. However, this does not apply to corporate tax.
Non-EU/EEA/Swiss entrepreneurs, freelancers, and independent services providers can apply for a Portugal D2 Visa. An applicant must show that they either have set up a company operating in Portuguese territory or that they have the financial resources in Portugal that demonstrate they can set up a company in Portugal.
Life After Brexit: Why Should UK Nationals Apply for a Portugal D2 Visa?
UK entrepreneurs who can longer access the European market are in luck with the Portugal D2 Visa. You can apply for permanent residence after 5 years and citizenship after 6 years, effectively gaining back the rights lost after Brexit. From traveling through the Schengen area and being able to reside and work in any EU country, the D2 Visa will make your post-Brexit life much easier.
If you are an entrepreneur, freelancer, or independent service provider from outside the EU/EEA/Switzerland looking to reside in Portugal, you might be eligible for a Portugal D2 Visa. You must show that you either have set up a company operating in Portuguese territory or that you have the financial resources in Portugal that demonstrate you can set up a company in Portugal. You can obtain these financial resources through a proof of loan from a Portuguese bank. There is no official amount that you need, but the recommended amount is at least €5,000.
You will also need to show that you have enough money to sustain yourself. For yourself as the main applicant, you must have 100% of the minimum salary which is €8,460 per year. For a spouse, you must add 50% to this (€4,230) and for a dependent child, you must add 30% to this (€2,538). Therefore, for a couple with one child, you would need around €15,300 a year to be eligible for the D2 visa.
Applicants must also produce a solid business plan that will be reviewed for its social, economic, and cultural impact. This plan should prove that your business will thrive and lead to economic growth.
Lastly, applicants must explain in their application why they have chosen Portugal as their business location. Rather than just focusing on the cost of living and climate, essentially why the country would be positive for you, also focus on how your company will impact Portugal and satisfy the needs of the population. It might be that you will be creating multiple jobs in Portugal or solving a particular issue that has not yet been addressed in the country.
Portugal D2 Visa Steps & Application Process: How to Get a D2 Visa.
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