What is a D2 visa in Portugal?
The Portuguese D2 visa is a national business visa created specifically for foreign entrepreneurs who intend to establish or develop a business in Portugal. It provides an opportunity to get a residence permit in Portugal for both the applicant and his/her family, making it an attractive relocation option.
This visa is suitable for setting up a new company, acquiring a stake in an existing company, or opening a branch of a foreign organization. It requires a detailed business plan justifying the company's development potential.
The applicant must demonstrate that he/she has sufficient funds in his/her account to live in Portugal (minimum €9,840) and additional funds to support family members. The applicant can choose to start a business in any convenient region without price restrictions.
The entrepreneur visa in Portugal is issued for up to 4 months. During this time, the businessman must arrive in the country and apply for a Portuguese residence permit.
There are different options for obtaining a D2 visa:
- You may already be a business owner in the country, for example, if you have acquired a share in a company or bought it outright.
- You may intend to start a new organization, supported by a detailed business plan proving the viability and success of your project in the local market.
- You operate a business in another country and plan to open a new branch. In this case, you must provide comprehensive financial statements of the foreign business and justify the benefits of opening an additional office.
Choosing the best business idea is the most crucial step towards acquiring a D2 visa. Market research is important to identify which areas are relevant and promising in the country. Analyzing different industries and market trends will help you identify your niche and form a unique offer.
Consider options for cooperation with local companies, which can help establish mutually beneficial partnerships. This will be the key to the successful launch and development of your business.
D2 visa conditions in Portugal
To apply for a D2 visa in Portugal, an entrepreneur must fulfill a number of certain requirements:
- Reach the age of majority.
- Have no criminal record and no serious administrative offenses.
- Be registered with the local tax office and have an individual tax number.
- Have a positive visa history in the EU and Schengen states.
- Have an active bank account in the country.
- Show an intention to develop and exploit business investments in the country.
- Create a clear and detailed plan for commercial activities.
Documents for obtaining D2 visa in Portugal
When applying, the following documents are most often required to be submitted to your country's consulate to obtain a visa:
- A completed visa application form.
- A passport with a copy.
- Two 3x4 cm color photographs.
- Proof of sufficient financial resources to organize a business in the country.
- Proof of a deposit for accommodation, e.g. through a property or rental property.
- Evidence of minimum necessary finances to live in the country, such as bank statements.
- Authorization for a judicial history check.
- Valid health insurance.
- Certificate of no criminal record with an apostille.
In addition, your company documents will be required. The kit usually includes:
- A detailed business plan should cover the nature of the investment, its scope, and long-term duration, as well as justifying the social and economic significance of the project.
- Constituent documents, contracts, accounts, and financial statements if the company is incorporated and active.
- Company registration certificate and bank account statement in Portugal if the company already exists.
- If the company is not yet established and no investment has been made, provide proof of sufficient funds to start the business, e.g., a local bank statement.
- If investments have already been made in the economy to set up the business, this must also be documented.
The advantages of living in Portugal
The country provides many advantages for a comfortable stay, among them:
- Climate. The Republic is known for its mild Mediterranean climate, which provides warm summers and moderate winters. Average winter temperatures are around +15°C and reach +28°C in summer, making the weather comfortable all year round.
- Affordable cost of living. Food and service expenditures are significantly lower than in most other European countries. Food can be 3040% cheaper than in neighboring countries.
- Safety. The country has high international security ratings, which provide comfortable conditions for living and raising children.
- Developed infrastructure. The Republic has a well-developed social infrastructure, including quality education and cultural institutions. Portuguese universities are recognized in Europe.
- Favorable geographical location. Being on the Atlantic coast, the country offers many outdoor activities, including surfing and beach activities.
- Quality of life. Portugal ranks high in world rankings for quality of life due to its good environment, safety, and well-developed healthcare system.
- Freedom to travel. With a Portuguese passport, you can travel to 188 countries without visa restrictions.
If you want to know how to get a residence permit in Portugal, the team of experts from Citizenship-By.Investments are ready to offer you professional support. Please fill out the questionnaire on our website for a consultation. We ensure reliability and security at every stage of the paperwork process.
