What You Need to Know About Portugal’s D2 Visa

The constant changes in the last year regarding the Golden Visa program have renewed interest in other mechanisms to obtain residency and/or citizenship in the Portuguese country, such as the D2 Visa, also known as the residence visa for entrepreneurs.

The D2 visa is designed to facilitate the entry and stay of entrepreneurs, freelancers, and foreign businesspeople, contributing to economic development and job creation. It allows its holders to reside and work in the country, giving them the opportunity to open their businesses to the European market.

As we mentioned earlier, this “entrepreneur visa” is one of the best options for foreign investors and entrepreneurs. Its processes and requirements are simpler compared to other options, and it does not have a minimum investment requirement: the amount only needs to be reasonable for the type of business you want to carry out.

What are the requirements and procedures necessary to obtain the D2 visa?

  1. Viable Business Plan: The applicant must present a detailed business plan. This plan must demonstrate the economic viability of the proposed business and its potential to generate sufficient income to support the applicant and their dependents.
  2. Proof of Sufficient Funds: The applicant must demonstrate that they have sufficient funds to establish and maintain the business in its early years of operation. This includes the initial investment and financial resources to cover personal living expenses (and those of the spouse, if applicable).
  3. Company Registration: It is necessary to register the company in Portugal, which involves complying with local regulations and obtaining the relevant permits and licenses.
  4. Proof of Applicant’s Suitability: A criminal record certificate from the country of origin and any country where the applicant has resided in the past year is required.
  5. Proof of Accommodation: The applicant must provide evidence of having a place to live in Portugal, either through a lease agreement or property ownership.
  6. Health Insurance: Valid health insurance in Portugal that covers the applicant during their stay is required.
  7. Demonstration of Contribution to the Portuguese Economy: The applicant must demonstrate how their business will contribute to the economic development of Portugal, whether through job creation, innovation, or the introduction of new technologies or services.

The D2 visa application must be submitted to the Portuguese consulate in the applicant’s country of residence. It is recommended to start the process well in advance, as it can be lengthy and require the submission of numerous documents and verifications.

Once the application is approved, the applicant will receive a temporary residence permit, valid for two years, with the possibility of renewal. After five years of continuous residence in Portugal, the D2 visa holder can apply for permanent residency and Portuguese citizenship.

At AIM Global, we can assist you in various ways if you wish to apply for this visa, including advice on company registration, initiation of activities, and tax matters. Schedule a meeting with our team, and they will be able to answer your questions.

If you already have your business, why not bring it to Europe? With AIM Global’s expert advice, it’s possible!

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