© 2019 Wexim. Made With Love by Themesindustry
The Portugal D2 Visa, also known as the Entrepreneur Visa, is designed for non-European Union individuals who intend to invest in Portugal, either by setting up a business, operating as a freelancer, or conducting independent professional activities.
→The right to establish a business or work as an independent professional and live in Portugal.
→Free entry and circulation within the Schengen Area, comprised of 26 European countries, 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.
→The possibility of family reunification in Portugal: The family (including partners, children, parents, or siblings dependent on either partner) of the holder of a Portuguese residence permit can also live in the country.
→The option to apply for Portugal’s Non-Habitual Resident (NHR) tax regime, which is open to anyone who has the right to reside in Portugal (an EU/EEA/Swiss citizen or a holder of a residence permit) and has not been a tax resident of the country in the previous 5 years.
→Qualification for permanent residence or citizenship in Portugal: After 5 years of being a legal permanent resident, you may be eligible for permanent citizenship in the country, as part of Portugal’s residency program. Please note that citizenship is subject to a basic Portuguese language test.
→Portuguese residency rights, including education and health care: As a Portuguese resident you and your family will have access to the Public Healthcare System and your children to the Public Education System.
The minimum requirement to continue residing in Portugal is that you spend at least 4 months in the country during the first year and at least 6 months per year during each 3-year subsequent period.
The application should be kick-started by:
➡️Obtaining a Portugal taxpayer identification number (NIF)
➡️Opening of a banking account in Portugal and transferring funds thereto. We recommend €12,000.00, plus €6,000.00 for the spouse and €3,600.00 per child.
➡️Securing long-term accommodation in the country by either buying or renting a property long-term (we recommend 1 year, even if there is an early break clause).
➡️Applying online through the E-Visa Portal in the Portuguese Consulate of your home country or in Portugal if you happen to be in the country.
➤ As a rule, the applicant will be required to have the following documents when applying for a D2 Visa.
➤ A passport that is still valid for at least 6 months after the expiry date of the Visa you are applying (which will expire after 4 months).
➤ Two recent passport-size color photos.
➤ A declaration outlining the reasons for the Portugal residency.➤ A Health Insurance Plan valid in Portugal or else an affidavit stating that one will be bought in Portugal within 90 days of arrival.
➤ A criminal record certificate or Police clearance letter (FBI report in the case of US residents) issued no more than 90 days before the date of submission to the Consulate.
➤ Documentary evidence of having accommodation in Portugal (property title deed or tenancy agreement).
➤ Documentary evidence of having sufficient funds available for the applicant’s subsistence in Portugal (e.g., a local bank statement).
➤ In the case of a freelance professional the copy of a contract and, if applicable, proof of professional qualifications; or, in the case of an entrepreneur, the business plan and proof of either having made the investment or of having access, in Portugal, to the necessary funding to do so.
Other requirements for Portugal D2 Visa applicants include the following:
➤age over 18 years.
➤no criminal record.
➤to have rented or owned housing in Portugal.
➤to confirm they have money to live in Portugal for a year.
➤to buy health insurance.
An entrepreneur’s spouse, the couple’s children and parents may apply for residencepermits for family reunification. Adult children and parents must prove they dependon the D2 Visa holder to get residency. Also, the family has to confirm that they havehousing and enough money to live in Portugal.
Flyingcolour® Business Setup Services
Flyingcolour® Real Estate Brokerage