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Applying for and obtaining a Portugal D2 Visa is a fantastic opportunity for those who want to settle, do business, and invest in a developed country in Europe. What are the benefits that this visa brings to you? What conditions must you meet to submit an application? How is the process of applying for this visa conducted? We will help you answer all these questions in the following article.
The Portugal D2 Visa, also known as the Entrepreneur Visa
Among the most sought-after visas, the Portugal D2 Visa (Portugal Entrepreneur Visa) is a gateway for entrepreneurs to realize their dreams of settling and doing business in Europe. The D2 Visa not only grants residency rights but also opens up numerous opportunities in international business.
The Portugal D2 Visa is one of the key policies of the government aimed at attracting foreign investment. By issuing this type of visa, the government aims to leverage external financial resources and expertise to develop the national economy.
Although not as popular as the D7 Visa and Golden Visa, this remains a potential pathway to achieving residency and citizenship in Portugal. This visa is valid for 4 months, during which the holder must come to Portugal, complete the residency permit procedures, establish a company, and start business operations.
When you have the Portugal D2 Visa, your entire family is also allowed to immigrate to Portugal with you. The condition for maintaining residency status is that you and your family must stay in Portugal for at least 6 months each year.
The advantages you receive when granted a Portugal D2 Visa
Currently, many people aspire to own a Portugal D2 Visa, and this is completely understandable because this type of visa brings many attractive benefits such as:
Portugal is renowned as a safe and livable country in Europe. Along with a temperate climate that is pleasant year-round, Portugal also impresses with top-quality healthcare and education services. Particularly, the cost of living here is assessed to be reasonable, suitable for many individuals.
The Portugal D2 Visa program provides a favorable opportunity to develop your business career. With a strong economy and a stable banking system, Portugal is an ideal environment for starting and operating a business. Moreover, registering to establish a company here is quite straightforward, allowing you to quickly commence business operations.
Portugal offers attractive tax reduction opportunities for individuals through the Non-Habitual Resident (NHR) program. As a non-habitual resident, you will not have to pay taxes on foreign income for 10 years. Income derived from Portugal will be taxed at a flat rate of 20%.
In addition, Portugal provides attractive tax optimization opportunities for businesses, especially those registered in Madeira or the Azores.
You are visa-exempt for stays in the Schengen area for up to 90 days in each 180-day period. Note that the time spent in Portugal does not count towards this limit.
Entrepreneurs may qualify for permanent residency or Portuguese citizenship after 5 years of residency and achieving A2 level Portuguese proficiency. Compared to other EU countries, this is a relatively easy requirement. For example, Greece requires a minimum of 7 years, while Italy and Spain require over 10 years to qualify for a passport.
The necessary conditions to be granted a Portugal D2 Visa
Foreign entrepreneurs wishing to obtain a Portugal D2 Visa must meet one of the following mandatory requirements:
Become an owner or shareholder of a company in Portugal.
Have been running a company abroad and intend to open a branch in Portugal.
Submit a complete business plan for a startup company in Portugal.
There are not many restrictions on choosing the business field, as long as it is profitable and creates jobs. However, the key condition is that you must prove that your business positively contributes to the economy and society of Portugal and that it has a solid financial foundation for sustainable development.
In addition, applicants wishing to apply for a Portugal D2 Visa must meet the following specific conditions:
Over 18 years old.
Have no criminal record.
Have rented or own at least one house in Portugal.
Have sufficient financial means to live in Portugal for at least 1 year.
Have purchased health insurance.
Those with a Portugal D2 Visa can sponsor their spouse, children, and parents to come to Portugal through family reunification. The mandatory requirement is to prove the financial dependency of the family members on the D2 visa holder. Additionally, the family must ensure suitable housing and financial self-sufficiency to live in Portugal.
List of necessary documents to apply for a Portugal D2 Visa
Your D2 Visa application must include the following documents:
A clearly outlined business action plan.
In the case of an established company, submit documents such as:
Business registration
Financial reports
Bank statements showing the balance of the company's bank account.
Contracts
Original and copy of your passport.
Bank statements showing you have sufficient funds to sustain your life in Portugal.
Documents verifying your residence and housing property in Portugal (including rental agreements, property purchase documents, proof of property ownership, etc.).
A criminal record certificate issued by the competent authorities in Vietnam.
Authorization for SEF to access criminal records in Portugal.
Health insurance.
3x5cm passport-sized photos.
In addition to the mentioned documents, you may be required to provide additional documents depending on the specific requirements of the Embassy. It is important to ensure that all personal information on the submitted documents is accurate and consistent, as any inconsistencies could lead to application rejection.
Detailed instructions on how to apply for a Portugal D2 Visa
The process of applying for a Portugal D2 Visa is quite straightforward. Follow these steps to complete the application:
Portugal welcomes investors with two market entry options: establishing a new company or acquiring an existing business. Regardless of the form, you must have a detailed business plan outlining the investment amount and demonstrating the economic benefits your project will bring to Portugal, such as generating profits, creating new jobs, and other positive contributions.
Ensure you have prepared all the essential documents mentioned in the "Documents required for Portugal D2 Visa application" section above.
You need to submit your Portugal D2 Visa application directly at the Portuguese Consulate in Vietnam. Typically, the processing and result notification time is 60 days from the date the complete application is received.
Once you have completed all necessary procedures to settle in Portugal as an entrepreneur, you will need to move to this country. Then, you need to schedule an appointment and submit your residence application to SEF (Portuguese Immigration and Borders Service). This must be done within 4 months from the date you receive your Portugal D2 Visa.
Receive your residence permit and proceed to immigrate to Portugal to start running your business. The mandatory requirement to maintain the permit is that you must stay in Portugal for at least 6 months each year.
If your family members also want to immigrate to Portugal, you should submit an additional residence application for them to reunite the family.
The fees associated with applying for a Portugal D2 Visa
The fees associated with applying for a Portugal D2 Visa
The application process includes several fees, with the investment cost being the largest and most decisive fee.
Another requirement is to prove your financial ability to cover living expenses in Portugal. Based on the current minimum wage of 705 Eur/month, you need to prove having at least 8,460 Eur for one year of living.
Additionally, owning a place of residence, either by renting or purchasing, is mandatory. However, there are no specific requirements regarding the rental or purchase price and its area. On average, renting an apartment in Portuguese cities costs 600-750 Eur.
You must also purchase a health insurance card in this country, which costs over 400 Eur.
The final fee you must pay is 90 Eur for the consulate fee and 160 Eur for the residence permit fee.
Overall, there is no fixed fee for the Portugal D2 Visa, as it is calculated based on each individual's application. It is estimated that the minimum amount you need to prepare is around 16,000 Euros.
Important notes to keep in mind when applying for the Portugal D2 Visa
Important notes to keep in mind when applying for the Portugal D2 Visa
Here are some important notes when you apply for the Portugal D2 Visa for the first time:
Before applying for a visa, ensure you understand the requirements and choose the appropriate visa type for your situation.
Ensure you have prepared all necessary documents according to the guidance from the Portuguese Embassy/Consulate.
Schedule an online appointment to submit the D2 visa application.
After paying the visa fee, receive and carefully keep the receipt.
Check the progress of your Portugal D2 Visa application on the Embassy/Consulate's website.
Carefully review your D2 visa after receiving it to ensure all information is accurate.
Thus, obtaining a Portugal D2 Visa provides you with the opportunity to work, travel within the EU, and potentially become a citizen of this country in 5 years. If you are seeking an opportunity to settle and develop your career in Europe, do not miss the fantastic opportunity from the Portugal Golden Visa by contacting us via the website https://quoctichthuhai.com/ immediately! With the best team and the best support services, we confidently assist you in obtaining this D2 visa quickly so you can start building your future in Portugal as soon as possible.
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