Portugal D2 Visa
Also known as Entrepreneur Visa, Portugal D2 visa permits residency to its applicants who want to start and run their own businesses in Portugal.
D2 - From Temporary to Permanent Residency
The D2 Visa is designed for entrepreneurs, independent contractors, new businesses, and business owners. Those who apply must comply with health insurance and clean criminal record requirements, provide a thorough business plan, and show that they have the necessary financial resources.
The temporary residency permit granted to successful candidates allows them to live, work, and pursue their entrepreneurial endeavours in Portugal.
The applicant is granted a Portuguese residence visa which is valid for 120 days, with 2 entrances, which further allows the candidates to get a further temporary residence permit for 2 years and which can be further renewed for a period of 3 years. After 5 years of temporary residence, the Portuguese Government permits the applicants to apply for the Portuguese residence permit and the Portuguese citizenship / passport.
Aspiring businesspeople can use the D2 Visa as a means of contributing to Portugal’s economy and reaping the advantages of residence in Europe.
Benefits of Portugal D2 visa
Entrepreneurship
Holders of the D2 Visa are able to launch and run their own companies in Portugal, pursuing their entrepreneurial goals.
Flexible Ventures:
Applicants are free to select a company that matches their interests, talents, and market potential, allowing for a variety of business types.
Advantageous Location
Portugal's advantageous location within the European Union gives business owners access to the sizable European market and its potential clients.
Pathway to Residency
Holders of the D2 Visa and their families are granted temporary residency, enabling them to live, work, and engage in business operations in Portugal.
Stability & Renewal
The temporary residency permit can be extended, ensuring long-term stability for expanding businesses.
Permanent Residency
There's a great potential for permanent residency. Successful businesspeople who meet the conditions could eventually become citizens, providing a more solid and secure future.
1. Entrepreneurs:
People who want to launch and run their own enterprises in Portugal in a variety of industries, from start-ups in technology to retail.
2. Independent Experts:
Professionals that work for themselves and have specialized knowledge or services, including independent contractors, consultants, artists, and experts in the domains of consulting, design, and information technology.
3. Small Business Owners:
People who are interested in owning and running small companies, including shops, eateries, and other locally owned businesses
4. Investors:
People looking to put money into already-established Portuguese companies or start up brand-new initiatives that promote economic expansion
5. Start-ups:
Entrepreneurs with innovative ideas who want to develop and grow their businesses inside Portugal's hospitable ecosystem.
6. Innovators:
The people who contribute to Portugal's innovation landscape through research, development, and technology-driven projects are known as innovators.
7. Professionals:
Professionals with particular skills or expertise who desire to start a consulting or service-based company are referred to as skilled professionals.
8. Artists & Cultural Entrepreneurs:
Individuals working in the arts who want to open galleries, studios, or hubs for culture in Portugal.
Eligibility Criteria for Portugal D2 Visa
The Portugal D2 Visa’s eligibility requirements, which are aimed at luring businesspeople and freelancers, include: 1.Business Intent: Applicants must have the intention of starting and operating a business in Portugal. Start-ups, independent work, and running a small business can all fall under this category.
- Business Plan: A thorough and practical business plan that details the anticipated actions, investments, and contributions to the Portuguese economy is necessary.
- Financial Capacity: Applicants must show that they have the resources necessary to support their business, any dependents they may have, and themselves. The minimum investment amount for the Portuguese D2 Visa were not fixed and this could change based on government policies. Generally, it is recommended to invest substantial amount in the range of €200,000 to €500,000 or more, in order to increase the chances of a successful visa application. The investment could be utilised in order to invest in a business, purchase real estate or make other significant economic contribution in Portugal.
- Maintenance Funds: It is mandatory to have minimum maintenance funds of €10,000 or more into a Portuguese bank account.
- Health Insurance: To ensure that the applicant and their family members have access to medical services, health insurance coverage is required.
- No Criminal History: Applicants must present a certificate of no criminal history from their home country as well as any other nations they may have resided in during the previous year.
- Business Sector: The proposed company should be in line with industries that foster innovation and economic growth in Portugal.
- Residence in Portugal: To conduct business, applicants must have a legal address in Portugal.
- Business with a Sustainable Future: The business plan needs to explain how the enterprise will last and boost Portugal’s economy.
- Compliance with Laws: Candidates must pledge to abide by Portuguese laws and rules.
- Genuine Intent: The applicant must have the genuine intent to launch a legitimate business in Portugal. The veracity of the business proposal is evaluated.