Planning on making your dream of living and operating your business in Portugal a reality?
We don’t blame you! Portugal is a great place to build your future or keep going strong after years of success.
Whatever your situation is, Portugal has some major perks that make it a great place to set up shop. But first, you’ll need to get approved for the coveted D2 visa Portugal. It might not be the easiest process to engage with, but it will be worth your time.
Advantages of doing business in Portugal
- Government incentives and assistance
- Access to the European Market
- A highly educated and qualified workforce at an affordable cost
- Affordable living and real estate
What is the D2 Visa Portugal?
The D2 visa or the Immigrant Entrepreneur Visa grants foreign nationals (from outside the EU, EEA, and Switzerland) the right to live and work in Portugal as self-employed individuals.
The D2 visa for Portugal is perfect for those who want to invest in a new business venture or take over an existing company there.
Here’s all you need to know about how to get approved for a D2 visa in Portugal:
Requirements for the D2 visa
- A declaration that you have or intend to invest in Portugal, providing details of its nature, value, and duration.
- A thorough business plan
- A Portuguese bank account funded with at least enough money to live on for a year
- Proof of lodging in Portugal
- A clean criminal record
- A NIF or a fiscal number
Note – independent service providers and entrepreneurs have two different application processes.
Here are the specific requirements for each
Independent service providers:
- A work contract
- Proof of academic qualifications or experience in the field of your services
- Proof of qualification to practice your profession, according to Portuguese regulation
Entrepreneurs:
- A Portuguese business bank account
- A NIF or a fiscal number
D2 visa Portugal – how to apply
If you meet the requirements above, then you are eligible to apply for the D2 visa. The first step is to schedule an appointment with your nearest Portuguese consulate or embassy. Once you have made the appointment, you must gather the required documentation. This includes your passport, birth certificate, CV, business plan, and proof of investment funds.
After you have gathered all the required documentation, you will submit it to the Portuguese consulate or embassy. Once your application has been reviewed and approved, you will be issued a D2 visa. This visa allows you to stay in Portugal for up to one year. After that, you can apply for a residence permit to live and work in Portugal indefinitely.
What are some benefits of getting a D2 visa for Portugal?
There are many benefits to getting a D2 visa for Portugal. These benefits include:
The ability to live and work in Portugal indefinitely
One great benefit is not having to worry about renewing your visa yearly. With the D2 visa in Portugal, you’ll be able to live and work in Portugal indefinitely.
Free movement around the Schengen Area
Another perk is the freedom to move around the Schengen Area. The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders.
Access to free healthcare and education
As a D2 visa holder, you will also have access to free healthcare and education in Portugal.
Your family can come too
The best part of getting a D2 visa is that your family can accompany you. If you have a spouse or dependent children, they can also live with you in Portugal.
The ability to apply for Portuguese citizenship after six years
Once you have held a D2 visa for six years, you will be eligible to apply for Portuguese citizenship.
Commonly asked questions about the Portugal D2 visa
Does the D2 visa grant Portuguese residence?
Yes, the D2 visa does grant Portuguese residence. You’ll need to make an appointment with the Foreigners and Borders Service (SEF) and apply for a residence permit. Once you have your residence permit, you can live and work in Portugal indefinitely.
Do I need to speak Portuguese?
No, language proficiency is not a requirement for the D2 visa. However, it is always a good idea to try and learn some basics before moving to a new country.
How long does the D2 visa application process take?
The entire process, from start to finish, usually takes around 6 months, but this can vary depending on your unique situation and how soon you can make it to things like appointments.
