How to get a Portugal startup visa? This article is about the Portugal D2 visa otherwise known as the entrepreneur visa. Our lawyerssay that you will still be eligible for the visa with acrime on your record,as long asits one thatspunishable by less than one year of imprisonment in Portugal. After requesting a D-2 visa at the Portuguese consulate, the expected time for obtaining a visa is 60-90 days. (May 2023 Update), Easiest Countries for Americans To Move To, Currencies Direct Review (May 2023): Pros, Cons, Rates & Safety, Best Business Bank Accounts for Digital Nomads, Best UK Bank Accounts for Brits in Europe, How to Transfer Large Amounts of Money Abroad. The Portugal D2 Visa is an enticing prospect for individuals with entrepreneurial aspirations who are planning to establish a new venture in Portugal or are eager to extend their existing business to the country. You can even open a Portuguese branch of an existing international company. Visa application. We assist customers in estimating their prospects of receiving a visa, preparing clients for Visa interviews and providing feedback, and designing a unique immigration strategy plan for each client individually. This category only includes cookies that ensures basic functionalities and security features of the website. The essay is not a compulsory requirement, but a well-written motivation letter can positively impact the response.. We can be your representative and get a NIF for you. Thank you! The power of attorney must be certified by the Portuguese Consulate in your country. Relocating to the second capital of Portugal doesnt have to be an uphill task. To apply for the D2 visa, it is necessary, among other assumptions, that a company be set up in Portugal. Some platforms charge a commission, but the contract could be terminated at any time if you do not plan to live in rented housing. There are two different types of D2 visa. View our, The NIF (Nmero de Identificao Fiscal). After all, for a business to be productive it is necessary to take into account all the variants that surround it. Given the technicalities and bureaucracy in Portugal, you may opt for assistance from our team of professionals at Viv Europe. How Many Citizenships Can You Have? In 2022, the value corresponds to 211.50 per child. The Portugal D2 visa allows you to achieve this, making it another excellentchoicefor those with citizenship as their mainobjective. already set up a company operating in Portuguese territory; or GENERAL REGIME l STARTUP VISA l INVESTMENT l FAMILY REUNIFICATION l OTHERS. After completing the relevant documents, the company registration takes one to two working days. Becoming a Portuguese citizendoesntprevent you from having NHR status. What happens if you overstay your visa? Discover how! It depends on several factors. Through our streamlined approach, Pelican Migration Consultants provides our candidates with a high possibility of success. It is designed for individuals who have a job offer or are self-employed in Portugal, or for students who want to work part-time while studying in the country. Once the applicant has successfully got his/her visa, the applicants family can be sponsored through a family reunification visa. Yes, if you work or do business in Portugal, after 90 days you will receive social benefits as the legitimate president of Portugal. The D2 Visa Program, on the other hand, allows you to launch a technology-focused firm. Tax liabilities related to the company's activities for total VAT in Portugal range from 4% to 23%. Options include Tranquilidade and Fidelidade, among others. In light of that, the D2 is also known as the Entrepreneur Visa. Costs associated with a Portugal D2 visa. But do bear in mind that this amount will barely cover your monthly rent in apopularcity like Lisbon,Portoor Funchal. I have suggested my friends to go ahead with pelican. 6. Portuguese Tax Number (NIF) Opened activity at the Tax Authorities. Youllalso need to show evidence of having sufficient financial means to set upand runthe company. Due to the nature of this visa, some digital nomads faced difficulties getting accepted for the D7 Visa application. 90. You can stay in Portugal for a minimum of just seven days a year to maintain your residency status. However, for a residency permit, you will need to get Portuguese insurance with a minimum coverage of 50K in case of hospitalization. Learning a new language is fun but tough. Yes, you can be legally employed in any company in Portugal with your current status. The visa is valid for 4 months. Real estate requires more considerable investments. Who can apply for the Portugal D2 Visa? (visa challenges and solutions), Exceptionally talented or exceptionally promising? But Golden Visaholdershave more flexibility than other visa options, in terms of physical stayrequirements. But the D2 visa lookedmorepromising. Discover the best neighborhoods of Porto. In case your application is denied, theres no refund of the visa fee. This includes 50% of the minimum annual income for your spouse (380 * 12) and 30% of the minimum yearly income for each minor child (0.3 * 760 * 12). A D2 visa is applicable for the individuals willing to open or contribute to investment activity in Portugal. The Portugal Digital Nomad Visa allows you to do just that. Youll also need proof of having suitable accommodation in Portugal. However, these are the documents necessary for Portuguese citizenship through naturalization: Passport; This is the minimum amount required to show your living expenses for the year ahead. This includes explaining the company's location in Portugal and what it will contribute to the country., You should also show evidence of local contracts and invoices or at least demonstrate an intention to work with local clients.. Weve covered the eligibility requirements, the process, plus weve evaluated the D2 visa as a pathway to Portuguese citizenship. Visa Exemption The Portugal D7 Visa allows you to enter Portugal and the Schengen area (26 EU countries). The D2 visa itself is valid only for 4 months. VISA D2 - Residence Visa for a Sole Trader or an - The Portugal News This must be submitted within 3 working days of being requested. There is a need to demonstrate the availability of 30% of the minimum wage for each child. Like Portugals other visa pathways, the Portugal D2 visa is aimed at third country nationals from outside the EU/EEA or Switzerland. You can alternatively complete this criterion by providing a diploma or certificate from a language school demonstrating your proficiency in the language. Microsoft Word - Ficha D2_VCP_3.02.2020 Author: DouglasF Created Date: 3/5/2020 6:17:29 PM . Your D visa will be valid for 120 days and will allow you to enter the EU twice during that time frame. A lot depends on the timing of receiving confirmation from the SEF (Immigration Service). Other documents may be needed depending on the applicants situation. PDF EMBAIXADA DE PORTUGAL - VFS Global Proof of means of subsistence (as set out above) (this requires original personal bank statements from the last 6 months); Registration of a residence permit in Portugal 84, Payment for services of immigration specialists from 2200. An Expat Reflection, The 15 cheapest cities to live in Portugal with quality of life, Living in the Azores: An expat guide to the Portuguese islands, Buying a car in Portugal: Prices, taxes, and tips for first-timers, Portugal or Spain? The main criterion to obtain this visa is proof of a monthly income that equals four times Portugals minimum wage. The D2 visa will be valid for 4 months. Furthermore, our experts are licensed and have a thorough understanding of the Portuguese immigration procedure. Can I start a business on a UK student visa? You must spend at least six months in a row or eight months out of one year in Portugal. Derrama (municipal tax), whose maximum limit is 1.5%. If the Portuguese Consulate refused me a D-2 visa, what can I do? The Portuguese authorities do not set a specific investment amount for a D-2 visa, and it always depends on your plan/project of an enterprise/business in Portugal. 1) The first stage happens at the Portuguese Embassy or Consulate in your home country. In the present economic context in which the world finds itself, and which may come to assume even more significant proportions, many foreign nationals are looking for new opportunities. The D7 Passive Income Visa differs from the D2 Business Visa and the new visa for digital nomads. It is mandatory to procure user consent prior to running these cookies on your website. Next, the applicant can move to formalize the contract with one of the incubators who showed interest earlier. START HERE Portugal Digital Nomad Visa: Should I get a D2 or D7 visa? If you become a tax resident on January 1, 2021,youllhave until March 31,2022to apply a much longer timeframe. Asyoureincorporating a company in Portugal,youllneed to pay corporation tax every year, along with social security contributions. Applying for ILR on the Global Talent route (SET-O form tips). When many people are applying, it cantake a long time to get an appointment. Minor Outlying IslandsUgandaUkraineUnited Arab EmiratesUruguayUzbekistanVanuatuVenezuelaVietnamWallis and FutunaWestern SaharaYemenZambiaZimbabwePrefer not to reveal, Current SavingsAED 10K - AED 20KAED 20K - AED 30KAED 30K - AED 40KAED 40K - AED 50KAED 50K +, Salary RangeLess than AED 3000AED 3000 - AED 10,000AED 10,000 - AED 20,000Greater than AED 20,000. To be eligible for the D2 Visa, you must show proof of having established a company operating within Portuguese territory or that you have the financial means to set up a business in Portugal. The employee category is completely different from the D-2 visa category. Whether you are a self-employed consultant, digital nomad, online entrepreneur, affiliate marketer or technology worker, the Portugal D2 Visa offers a fast, simple path to obtaining Portuguese residency and eventual citizenship for you and your family. 5. You can circulate freely without a visa. Criminal record checkfrom previous countries of residency. However, if your job needs you to go outside of Portugal, there is a certain degree of leeway. If you become tax resident on December 1, 2020,youllhave until March 31,2021tosubmityour NHR application. Many people get caught out and miss the NHR deadline. When in Portugal, you will need to collect the same documents as if you were to apply for the D3 Visa in order to receive your Portuguese Residence Permit. Its open to both EU and non-EU citizens. Additionally, getting a residence visa with a different option the Passive Income Visa (D7 Visa) is also possible. Letstake a lookat what each one involves. A contract for the lease or sale of an apartment in Portugal. Can I become a partner of an existing company/business in Portugal? The request for a Residence Visa to exercise an independent professional activity or to become an immigrant investor (visa D2) is normally issued to the applicant in his country of residence through the Portuguese Embassy or Consulate. The Portugal HQA visa is a hybrid investor-entrepreneur residency pathway that matches entrepreneurial investors with Portuguese universities to create and develop a research-driven start up. Many people ask us if previous criminal convictions canjeopardizethe application. Praa da Justia, n. 168 - So Victor, 4715-125 - Braga - Portugal, designed for remote workers and freelancers, FAQ on Working as a Freelancer in Portugal, new visa for freelancers and digital nomads, Facebook Group All About Portugal For Expats, How To Choose A City To Live In Portugal? What are the benefitsof the Portugal D2 visa? Butyoullneed to be a Portugal tax resident to get NHR status. 1. If you apply for a D2 visa, your family can apply simultaneously for accompanying visas, but you will need to show more funds., Step 1. living l investing l working l studying l other types of residence. However, digital nomads also have the option to move to Portugal with the Business Visa (D2 Visa), and there are several perks to that. To get one, an applicant must open a new company there or buy an already working business or its share. those who want to start a business in Portugal, already have a business in Portugal, but have not yet applied for the visa, have enough social capital to sustain running a business, have a solid and well-structured business and financial plan for your venture, have proof of experience in the proposed business area and a solid background for your business proposal. We understand that this might be a little confusing; heres a video that might help you understand better: Similar to what we just mentioned above, the process depends on various things. What social security taxes will I have for employees, managers and shareholders of the company? Portuguese resident permits are provided for one year under the D2 visa, following which the permission is renewed every two years. Where is the QR code for the ID Check app for my UK visa application, Positioning yourself for a settlement visa after graduation, Global Talent teams vs innovator visa teams? The types of passive incomes as per law are: By reading our FAQ, you can check out more information on the D7 Visa as a Portugal Digital Nomad Visa. This visa is valid for four months. For a D visa, providing a long-term lease agreement is essential. Visa application form to live in Portugal; Passport valid for more than 3 months the expected length of stay; Criminal Background Certificate (valid for 90 days); Request that authorizes the consultation by the Foreigners and Borders Service (SEF) on the criminal history of Portugal; Declaration by the applicant, identifying, for example, the reason for the visa application, the time he intends to live in Portugal and where he intends to live; Declaration to be aware that you should not travel to Portugal without having a visa; Declaration that it has carried out or intends to carry out an investment operation in Portugal, indicating its nature, value and duration and proof that it has carried out investment operations; or proof that you have financial means available to invest in Portugal. A Portuguese bank account will suffice if you're opening a self-employed business. You can open a company in Portugal on the basis of a power of attorney delegated to a Portuguese representative/lawyer/consultant or to any individual residing in Portugal. Following the acceptance of the application for a residence permit in Portugal, the applicant is granted a Freelancer's Visa D2. For a D visa, it is sufficient to obtain standard travel insurance for 120 days (the length of the visa). Neither the Golden Visanorthe D7 fitted his situation. No, it is not at all an obligation to invest in a project before obtaining a visa. Those on the D2 are allowed to seek permanent residency after 5 years of residence in Portugal (renewable every 10 years). In contrast, EU citizens can move to Portugal freely without a visa, under EU freedom of movement rights. The first type of partnership involves a minimum of two partners, while the sole proprietorship consists of a single partner. Keep in mind that some of these aforementioned documents must be obtained before the application, such as the NIF Number. It might be anything from a caf, restaurant, or guest house to a technology firm or an import-export company. Valid travel insurance, allowing medical coverage, including medical emergencies and repatriation (coverage needs to be valued at no less than 30,000); The Official Website of Portuguese Immigration - Portal Servio de Two up-to-date passport photos of acceptable quality. Portugal Golden Visa Residency By Investment, Recognition and Enforcement of Foreign Decisions, Purchase and Sale of Real Estate in Portugal, Registration of Marriages and of the Deceased. Here are the conditional requirements for you to get a D2 visa Portugal: You can apply for an Immigrant Entrepreneurship Visa if you want to invest in any business in Portugal. The main applicant must have a minimum salary of 100% of the annual . If the decision by the IAPMEI is unfavorable, the applicant has up to 10 days to appeal the decision after which the IAPMEIs decision will be considered final. In fact, this visa gives access to obtaining a residence permit on the territory of Portugal to carry out entrepreneurial activities. However, if youre someone with a stable stream of passive income looking to freelance in Portugal, the D7 works well. Like our page on Facebook and be informed about Portugal. 2) The second stage is with the immigration authorities (SEF) within Portugal. The entrepreneur visa Portugal application fee for dependents is 1,000-2,500. We can assist you in planning and managing your immigration to Portugal so that you can live a happy and prosperous life in the nation of your dreams. Global Talent visa do you have the right experience? Applying for Residence in Portugal. Because immigration rules and laws are always changing and difficult to comprehend and follow, it is recommended to contact Portugal Immigration Consultants who can help and guide you through the procedure. There are numerous benefits of freelancing in Portugal; lets take a look at the most common ones: Before we get into the differences between each and conclude which one to obtain, lets highlight the required documents. Compare which country is better for expats to live in. There are many certified incubators in Portugal. In this article weve taken a deep dive into the Portugal D2 Visa, otherwise known as the Entrepreneur Visa. However, you cannot open an account online without a power of attorney for another person. For 2022, this amount is 705 euros x 12 months. The following documents are required for the D2 visa Portugal: Application form: the filled in document, signed by the applicant; only digital forms are taken into account; Photographs: 2 photographs are required, one of which is included/pasted in the application form; A digital nomad uses the vast advantages of digital telecommunications to travel the world while working remotely. Filed Under: Portugal Tagged With: immigrate to, startup visa. How to Get Portuguese Citizenship - Portugal.com Because the primary goal of this visa is to generate foreign resources to aid the development of the Portuguese economy, you must have a good business strategy. The Portuguese consulate decides the fate of your visa application, and they may not accept it. For the new visa designed specifically for digital nomads and freelancers, you will be required to submit the following documents: This might seem slightly detailed; Remember, the visa youll receive at the end of it makes everything worth it. Additionally, you must have sufficient funds to support yourself and any dependents. online and remotely, We help you immigrate without fear or mistakes, What type of health insurance to choose in Portugal, Choose the best way to move with our services, We select attorneys and consultants with the best experience and cases. temporary and permanent residence permit l eu blue card l data amendment. Passport or additional travel document valid for at least 3 months after the duration of the stay; document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Avenida Dr. Cndido Madureira, 70 2. (ADVANCED TIPS plus switching from the innovator visa or skilled worker visa), You dont have any dependents (NHS Health Surcharge). A 45-minute in-depth conversation is a great opportunity to take a powerful step forward on your relocation. In the first case, you must appoint yourself as a director and pay a salary and social security, making it a more expensive option. If you work remotely to deliver services to clients outside of Portugal, then the D7 passive income visa could also be a goodoptionfor you. The D2 Visa, also known as the Immigrant Entrepreneur Visa for Portugal, is a type of visa for those outside the EU and Schengen Area who would like to open an investing activity in Portugal. These numbers keep increasing every year. Proof that you are residing legally in the country from which you are applying; Let us analyze your profile and contact you if your profile is eligible. Where can I apply for a D-2 visa in Portugal? You can circulate freely without a visa. The consulate will paste the visa into your passport with the date of application in Portugal. Ensure that all documents are translated and certified and that required official documents have been apostilled. Gather information on your source of income, bank statements, and taxes paid for at least three months before the application to demonstrate your commitment to the consulate., Step 2. Hence many use this opportunity to expand their businesses worldwide without keeping an inventory in every location. Or you can get it online if you are in another country. After all, its important to get this right the first chance you get. For family applications, you also need to provide your marriage and children's birth certificates, which must be apostilled, translated into Portuguese, and certified by a notary. You can start a sole proprietorship (by registering "atividade") or a company in Portugal and apply for a visa as an entrepreneur or director. Step 1. Two up-to-date passport photos; Up-to-date info on the most popular destinations for relocation and immigration, A pathway to permanent residence and citizenship for those who wish to start (or transfer) a business, or have already invested in a business, in Portugal, Fairly complicated, lawyer assistance is advised, No major investment is required, as long as you have a solid plan and enough social capital, We answer your questions about the D2 visa. The Portugal D-2 visa falls under the residence category, which is considered as a long-term visa for, meaning it lasts for more than 90 days, 120 days to be exact, this visa is available. Like all other visas, youll need specific documents to reside as a digital nomad, which well highlight below. The NIF process takes 3 to 10 business days and costs from 89 to 120, depending on the type of service. Pelican Migration Consultants may assist you in identifying portions of your plans and documentation that may be questioned by the Portuguese Embassy or Consulate when they conduct a thorough check of your application and paperwork. English Interested in working remotely while living in your dream country? If you do not have a visit scheduled by the consulate you will need to make an appointment yourself. So, if youre ready to go forward, why not get in touch with us right now for a one-on-one consultation? Portugal has many digital nomad-friendly cities, but Lisbon and the Algarve have topped the list. Is living in Algarves beach paradise a dream come for you? Is it possible to use medical services, education, benefits in public institutions? There is also a new type of visa that allows foreign citizens to travel to Portugal in order to look for work. Submit the documents to the Portuguese diplomatic representation in the country of residence. A bank statement. Werecommend that D2 applicantsdemonstrate a minimum of 1,000 per month for one person, which is a more realistic level. Two main options for business for D2 Visa. Once application has been made, the deadline for the decision is usually 60 days, starting from the day of . Itsimportant tomaintainyour residency status for the entire five years. Are you eligible for D2 Visa? This does not include your investment budget for the company/project. 2 colour photographs of 3x4 cm. So, how can a digital nomad apply for a Business Visa? Some embassies do not provide these pre-appointments with SEF., Step 3. For each family member, including minors, you must fill out an application form online at link or VFS Global. Each type of visa fee is different, depending on the duration of the stay and your purpose. CERTIFICATE AND RESIDENCE CARD. The Portugal D2 Visa: A Residency Visa for Entrepreneurs The D2 visa essentially grants you the travel rights of all European Union citizens. 7 tips for your Personal Statement for the UK Global Talent visa, Non EU family members of EU citizens in the UK after Brexit. Your children on the innovator visa and global talent visa: what if they turn 18 before you get a decision on the visa application? if the company is not yet open, you must provide proof that you have sufficient financial resources in Portugal to open a business. This is a good fit for those who either want to open an entirely new business, or open a Portuguese branch of an existing business. The necessity of having your papers and business plan match in context and not include any negative or ineffective elements cannot be overstated. If you fail to submit the correct documents, the process might take longer than 3 to 4 months. 2300-531 Tomar, Portugal SEF Application in Portugal.Upon arrival in Portugal, apply at the SEF. Yes, you can own 100% of the company's share without the participation of a local representative or an individual in Portugal. The incubation period is usually 40 days. Unlike the start-up Visa, which is intended for technology or startup-type firms, the D2 Visa has no restrictions on the sort of business you can start in Portugal. VAT can be 23%, 13% or 6%, depending on the essentiality of the product or service. You can edit the form if necessary before submitting., 3) Application Form: Fill out the application form using Latin letters. For the United States, the fee for both the D2 and the D7 Visa is 90, according to VFS Global. Who is eligible for a Portuguese D-2 visa? PortugalsNHR(non-habitual residency) is a special tax status primarily designed for those with income from outside of Portugal. Obtain business registration, invoices, and tax documents. Proof of means of subsistence. The program, also known as the Portugal Residence Permit for Entrepreneurial Immigrants or the Portugal Entrepreneur Visa, is quickly becoming popular among non-EEA business people looking to live in Portugal. Request for a specific name for the company: 75.00 in 10 working days, or 150.00 in 24h (it is possible to choose a name from the pre-approved list and avoid this additional cost); 250.00 (approximate amount) per month for expenses related to the accountant; Corporate Income Tax, also called IRC, with a 25% rate. However, it is important to demonstrate to the consulate a clear plan of your project and a financial/investment plan. It may happen, the D2 visa validity expires before the residence permit is issued. It is, nevertheless, recommended that you start your new firm with a minimum of 5,000 to increase the credibility and profitability of your suggested business plan. 4) Select Consular Office: In the "Consular Office" section, select the line for the Portuguese Embassy in your city/country. 1) Register to apply by entering your personal information and attaching the required documents., 2) Upon completion, a PDF file containing the application form will be sent to your email. 3. Portugal Golden Visa Changes 2023 [Updated April 29], Golden Visa Investment Funds Route (500K), Golden Visa Hotel Projects Route (280K-350K), Cultural Production Golden Visa: From Just 200K, HQA Investor Visa for Research-Driven Startups (175K), 11 Reasons to Move to Portugal From the US.
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