Overview
The D2 visa is a temporary two-year residency permit available for self-employed people, freelancers, and independent services providers. It allows them and their families to reside, study, and work in Portugal.
It’s based on company formation, meaning a person will have to establish a company and actively manage it to maintain their residence. Alternatively, they can also invest in an existing Portuguese company on the condition they take up an active management role.
The D2 visa has no minimum investment amount, but a person should have enough to register a company, make a sensible influx of capital to get it running, and enough money to support themselves for the duration of the visa.
Benefits
Free Circulation
Permanent free entry and circulation in the Schengen space, comprising 26 European countries.
Live in Portugal
Freedom to live in Portugal and, if so wished, to have a professional activity in the country.
Tax benefits
Option to become a non-habitual resident of Portugal for tax purpose (little or no tax for 10 years)
Resident rights
Access to other Portugal resident’s rights such as education, health care, social security and living in world 5th safest country.
Freedom
Live, work, study in Portugal.
Who is Eligible
- Non-EU Citizen
- You need to have solid business plan in hand with previous experience.
- Social media and bank accounts to justify your experience.
- If new establishment need to have out of the box idea and means to make them happen.
- You possess clean criminal record
- You are able to spend a minimum 6 months / 183 days every year in Portugal to be tax resident.
- Declaration of investment
- Company setup.
- Business plan financial capacity.
- Personal financial means.
- Share Capital.
- Health insurance.
- Service contract if any.
Key Points.
- Feasibility and scalability of the business.
- Who is financing the business (foreign financing is preferred).
- Why Portugal is the destination of choice.
- An expansion plans.
- Added economic value. This is the most important part, as it will highlight how the business will benefit the Portuguese economy and can be done by showing one or more of the following:
- How many jobs for locals will the business create?
- Export activity of the business.
- How the business will attract new businesses to Portugal.
- Whether the business will serve an underdeveloped region.
- If the business will increase R&D or innovation.
- If the business or the business owner brings specialized knowledge to the Portuguese market.
- Whether the business will introduce a new product or service into the Portuguese market.
Process
Step 1
Forest Gate will do the initial due diligence of your documents and plan of action.
Step 2
Forest Gate will obtain a Portugal Tax payer identification number (NIF)
Step 3
Open a bank account in Portugal and transfer the funds, Forest Gate guidance with the law firm is available on every step.
Step 4
Recommended € 12,000 + € 6,000 for spouse + € 3,600 per child
Step 5
Secure a long-term accommodation in the country by either buying or renting.
Step 6
Apply for D2 visa in the home country.
Step 7
Receive D2 visa within 2-3 months
Step 8
Relocate to Portugal and book an appointment with SEF for biometric.
Step 9
Submit a residence permit application at SEF
Step 10
Attend SEF interview
Step 11
Obtain your residence permit