The D2 visa in Portugal, also known as the Immigrant Entrepreneur Visa, is aimed at providing residence authorization to foreigners (that aren’t nationals of EU member states, the European Economic Area or Switzerland) who have made investment operations, or who prove to have financial means available in Portugal – including financing obtained from a Portuguese financial institution – and have the intention of making an investment operation in Portuguese territory
The D2 Visa applies to:
- Entrepreneurs who want to open a company in Portugal;
- Entrepreneurs who already have their business in their country of origin and would like to follow up on it in Portugal;
- Self-employed persons – independent/liberal professionals that want 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.
With the D2 visa, you can apply for and receive the Portuguese Residence Permit, which will allow you to live, reside and work in the country for 1 year. This permit can be renewed for two successive periods of 2 years – as long as the applicant proves the continuity of their professional activities. After these first 5 years of legally authorized residence, you can request Portuguese nationality.
WHAT ARE The BENEFITS?
- The right to establish a business or work as an independent professional and live in Portugal.
- Free entry and circulation within the Schengen Area of 26 European countries without a Visa.
- The possibility of family reunification (with direct relatives) in Portugal.
- The option to apply for Portugal’s Non-Habitual Resident (NHR) tax regime.
- Qualification for permanent residence or citizenship in Portugal after 5 years.
- Portuguese residency rights, including education and health care.
WHAT REQUIREMENTS ARE NECESSARY TO APPLY FOR THE D2 VISA?
For the D2 Visa to be successfully granted, the evaluators take into account the conditions and the potential of the company’s contribution to the country. You have to prove your organization’s value, including the following elements:
- A declaration that you have carried out or intend to carry out an investment operation in Portugal, indicating its nature, value, and duration.
- A structured business plan, along with the reasons that led to the creation of the business.
- Demonstrate that you have the financial capacity for your proposed business venture during the time you will be living in the country and the viability of the business. Proof of financial resources for scaling will be an advantage.
- Prove that you have the means to sustain yourself in the country for a year, regardless of the income that the business may bring.
- Social capital for your company – an initial capital that ensures that the company can function, even if it’s not making profits. In Portugal, small companies have an average social capital of €5,000, a reference value to consider in your application.
- A consolidated CV, with demonstrated networking and experience as a business manager, is a plus.
- Liberal professionals must apply with a written contract or proposal to provide their services.
Non-EU citizens applying for the D2 Visa are legally required to appoint a fiscal representative in Portugal. The visa application will be assessed by taking into account, namely, the economic, social, scientific, technological, or cultural relevance of the investment. The perspective of the creation of jobs in Portugal will also count in your favor.
WHAT ARE THE TAX BENEFITS?
- Low corporate tax rate compared to other countries: 21% on net profit.
- Non-Habitual Resident (NHR) tax regime eligibility – if you haven’t been on the regime before and you weren’t a resident in Portugal in the past five years. Main benefits:
- Within the NHR, you can transfer your tax residency to Portugal and your income will not to be taxed during the first 10 years in the country.
- You’ll be eligible to be exempt from paying tax on pensions, dividends, royalties, rental income, real estate gains, and income from non-Portuguese sources if your country has a Double Taxation Agreement (DTA) with Portugal. You would, instead, pay taxes in your country of origin.
Keep in mind that the NHR only concerns the types of income mentioned and although you can still apply for it on the D2 Visa, if you have a business in Portugal your related benefits will be fewer.
WHAT ARE THE NECESSARY DOCUMENTS?
For all applicants:
- Application form
- Passport or another valid travel document.
- Two recent, identical photographs, passport-type, and in good identification conditions of the applicant.
- A ticket that guarantees your return.
- Valid travel insurance to cover necessary expenses for medical reasons, including urgent medical assistance and possible repatriation in case of death.
- Request for consultation of the Portuguese criminal record by the Foreigners and Borders Service (SEF).
- Criminal record certificate from the country of origin or from the country where the applicant has been residing for over a year.
- Evidence of accommodation conditions.
- Proof of the existence of means of subsistence.
For self-employed professional activities:
- Partnership contract or proposal or service provision contract within the scope of liberal professions.
- A declaration issued by the competent entity for the verification of requirements to exercise a profession that, in Portugal, is subject to special qualifications, if applicable (e.g.: medical doctors).
For entrepreneurial immigrants:
- A declaration that you have carried out or intend to carry out an investment operation in Portugal, indicating its nature, value and duration.
- Proof of having financial means available in Portugal, including those obtained from a financial institution in Portugal, and of the intention to make an investment in Portuguese territory duly described and identified.
HOW TO APPLY FOR A D2 VISA?
The time it takes to analyze the request is, on average, 90 days. Your D2 Visa allows you to stay for 4 months in Portugal, during which time you must schedule an appointment with the SEF to get a valid Portuguese residency.
- Apply for the D2 visa from your home country outside the EU/ EEA/Switzerland (you can do this at the E-Visa Portal).
- Make an appointment with SEF to be interviewed and register your biometric data.
- Get your D2 visa.