PORTUGAL D2 STARTUP VISA

This is a unique opportunity for non-EU entrepreneurs, freelancers, and independent service providers who wish to establish their businesses in Portugal to do so with the Portugal D2 Startup Visa. As a result of the granting of this visa, the Portuguese economy will be able to attract foreign resources and investment, contributing to its growth.

ELIGIBILITY REQUIREMENTS

The following requirements must be met in order for an applicant to be eligible for the Portugal D2 Visa:

• Non-EU, non-EEA, non-Swiss citizens are eligible to apply.
• In order to succeed in Portugal, you must have a solid business plan that shows the potential for economic growth as well as the creation of jobs.
• The business should be able to demonstrate that it has the financial resources to support the business. A Portuguese bank can offer a loan in the form of a personal loan or a loan from personal savings.
• The applicant must provide evidence that he or she has sufficient funds to support themselves as well as any members of their family. In general, the amount recommended is at least €5,000 for the business, plus €9,870 per year for the main applicant, €4,935 for a spouse, and €2,962 for each dependent child under the age of 18 years old.

APPLICATION PROCESS

1. Prepare a Business Plan: You need to develop a comprehensive business plan that outlines your business idea, your market analysis, your financial projections, as well as the social, economic, and cultural impact of your business in Portugal.
2. Gather Financial Proof: Gather evidence that you have the means to repay your loan, such as bank statements or letters from a lender approving the loan.
3. Submit Application: You will need to apply for the D2 Visa at the Portuguese consulate or embassy in your home country where you live. If you have a business plan, financial proof, and any other documents that you need, please include them.
4. Obtain Residence Permit: Once your visa has been approved, you need to travel to Portugal and apply for a residence permit. In the beginning, the permit is valid for two years and can be renewed for a further three years, provided that your professional activities remain continuous.

BENEFITS OF THE PORTUGAL D2 VISA

• Visa-Free Travel: With visa-free travel within the Schengen Area, you’ll be able to explore and expand your business across Europe with no restrictions whatsoever.
• Pathway to Residency and Citizenship: After five years of legal residency in Portugal, you will be able to apply for permanent residency or citizenship in Portugal.
• Family Reunification: It is possible for your family members to join you in Portugal and they will be granted the same residency rights as you.
• Tax Advantages: You can take advantage of the NHR tax regime, which offers tax exemptions and reduced rates on certain incomes to Non-Habitual Resident (NHR) individuals.
• High Quality of Life: There’s no better place to experience Portugal’s rich culture, stunning landscapes, and vibrant entrepreneurial community than in Portugal.

WHY CHOOSE PORTUGAL?

An attractive environment for entrepreneurs can be found in Portugal, which offers a supportive business ecosystem, access to the European market, and a high level of quality of life to its residents. In Portugal, you have the opportunity to take advantage of a dynamic economy, enjoy favorable tax laws, and enjoy a vibrant lifestyle in one of the most beautiful countries in the world.