Starting a Business in Portugal with Entrepreneur Visa: Portugal D2 Visa
You may request a Portugal D2 Visa when planning to launch a business in Portugal or purchase an existing Portuguese company. Through the D2 Visa, business owners can get a residency permit that allows them to live in Portugal and visit other Schengen countries without needing a visa. Your D2 visa application might take three months or more to process.
To qualify for Portugal’s D visa category, you must show that you meet all requirements. There are not many, though, for business owners hoping to obtain a D2 Visa. For example, you will be expected to start businesses in any industry, but Portuguese business incubators will not need to approve your plans.
What You Need to Know About Portugal D2 Visa
Portugal’s D2 visa serves as a residency permit created for foreign citizens and entrepreneurs. You can apply for a D2 Visa if you consider yourself an entrepreneur and want to establish your independent professional activity in Portugal. Additionally, if you have been employed as a service provider by a Portuguese company or service provider, you may qualify for this sort of visa.
For example, Portugal’s Golden Visa option is not the same as Portugal D2. Their processes operate differently, and they draw in different kinds of investors. In the end, the objective is to draw in foreign investment to the Portuguese economy in return for Portuguese residency.
The D2 Visa stays effective for a two-year period. After this period, applicants can extend it for three more years. D2 Visa owners become eligible to apply for Portuguese citizenship or permanent resident status once they’ve lived in the country for a five-year period.
With an entrepreneur visa (D2 Visa), main applicant’s family can also relocate to Portugal and obtain a residence permit, which means D2 Visa allows family reunion. To maintain residency, family members must also remain in Portugal for more than six months out of the year.
D2 Visa Benefits
For independent professionals and entrepreneurs looking to establish themselves in Portugal, the D2 Visa provides a number of significant advantages. It provides the freedom to live and work in Portugal, whether as an independent professional or by establishing a firm.
Visa holders also have unfettered mobility and free admission inside the Schengen Area, which makes traveling between several European nations easy. Possessing travel rights comparable to those of EU members is another important benefit, which greatly facilitates mobility throughout the region.
Visa Free Travel in Schengen Countries
Once you receive a Portugal D2 Visa, you gain the ability to travel within Portugal and to any of the 26 Schengen nations. You only need to present your immigrant entrepreneur (D2) Visa to enter those other nations.
You might be able to travel around Europe as an entrepreneur in order to expand your network and make business contacts. Thus, this visa turns into the ideal means of expanding your prospects in European nations.
Family Perks
You can travel both inside Portugal and to any of the 26 Schengen countries after obtaining a Portugal D2 Visa. To enter those other countries, you simply need to show your immigrant entrepreneur (D2) visa.
As a business owner, you might be able to travel across Europe to grow your professional connections and build business relationships. As a result, this visa becomes the best way to increase your chances in European countries.
Requirements to Obtain Portugal Entrepreneur visa
The primary prerequisite for eligibility is that you must be a foreign national or an entrepreneur seeking to start a professional, autonomous business in Portugal.
Many professionals and businesspeople who want to establish themselves in Portugal can apply for the Portugal D2 Visa. Entrepreneurs, independent contractors, start-ups, investors, shareholders, business partners, directors, and shareholder partners are among the qualified candidates.
Based on their business endeavors, a variety of other professionals might also be eligible. Crucially, this visa is intended exclusively for non-EU nationals who want to work, invest, or launch a business in Portugal.
It’s worth remembering that this visa doesn’t include the entrepreneur’s family members. This means the entrepreneur’s spouse, children, and parents must apply for a temporary Portugal resident visa through family reunification. However, parents and children above the age of 18 must show that they are financially reliant on the primary applicant, who is in possession of a D2 Visa.
Additionally, spouses of D2 visa holders must be legally wed or in a state-approved civil partnership. This includes agreements between two people who live together, such as civil unions.
The business owner would want a bigger bank account balance if they choose to relocate to Portugal with their family. For example, each adult family member would need €4,560 and each child would need €2,736, in addition to the €9,120 already required.