Permission to bring family members through family reunification. Companies pay 23.75% TSU for each monthly wage, while an extra 11% comes directly from the employees salary. What are the benefits of the Portugal D2 visa? English Interested in working remotely while living in your dream country? The plan should clearly show how your business will not only thrive but contribute to the growth of the Portuguese economy. This tax regime allows you to transfer your tax residency to the country. Afterapproval, theentrepreneur receives aresidence permit card inPortugal fortwo years withthepossibility ofan extension. To apply for a D2 Visa, you must obtain a tax identification number (Nmero de Identificao Fiscal or NIF) from the Portuguese tax authorities. Family members can live, work and study in Portugal. Family: The Portuguese government started this visa in order to raise external resources and investments to grow the Portuguese economy. How long will it take for the guide to be sent?? Your IP: The D2 Visa Portugal offers several benefits. Forexample, you can refer tocreating jobs inaregion withahigh percentage ofunemployment among locals. This means that we have passed the strict Due Diligence checks carried out by the governments involved and received licenses from the governments of countries offering investment programs. It's acontractual relationship betweentwo people living together. Upon successful completion of your SEF appointment, you will receive your D2 visa and a valid Portuguese residence permit. Afterapproval, theapplicant receives thepassport withapasted visa. Path to Permanent Residency: Companies enjoy benefits if they operate inthefree economic zone inMadeira. And, because youre opening a company, youll probably need an accountant as well. Feel free to leave a comment below. Do you have any doubts about the content or wish for more information about a certain topic? Navigating the D2 Visa Process in Portugal: Requirements, Steps, and Expert Advice, "Portugal is not a place to be born, but a place to be reborn." Download the guide and discover the requirements for obtaining the visa and its benefits. Portugal recognises second citizenship. About Us The Law Firm The Partners Areas of Practice Sports Law Immigration Law Portugal Golden Visa - Residency By Investment D2 Visa D7 Visa Portuguese Citizenship Application REAL ESTATE LAW Corporate Law TAX LAW Labor Law FAMILY LAW With a Portugal Golden Visa, Portugal D7 Visa, and Portugal D2 Visa, you can become a non-habitual resident (NHR) and enjoy the incentives of this fiscal regime. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Can I get to the USA or the EU with a third-country passport? Crypto traders used Portugal's D2 visa tomove tothecountry and join thebenefits ofthelack ofcrypto regulations. This is one of the many types of Portugal Visa you may apply for in order to get your residence permit, live in Portugal and benefit from all the advantages that may bring you. The Portugal Digital Nomad Visa allows you to do just that. In case you already own a company in Portugal and now you are interested in living in Portugal and making Portugal your primary residence, you can do so. In Portugal, small companies typically have an average social capital of 5,000, a reference value to consider when submitting your application. They must buy alocal company or its shares or create abranch ofan existing legal entity. In short, some of your priorities should focus on: As said previously, it is really important to show the Portuguese government that your business is viable. Interested in getting a D2 Visa? You should correct this. I am from Pakistan and have been living and running an international trading company in China since 2016. It has been amember oftheEuropean Union since1986; it adheres totherules ofthefree movement ofgoods, capital, services and labour. Within four months afterits issuance, theentrepreneur applies toSEF. 3. [More Info]. After successful immigration through D2 Visa, the applicant may enjoy the following benefits at Portugal. This visa only applies to non-EU/EEA/Swiss citizens who wish to start a business or relocate their existing business to Portugal. For example, for a 2,000 monthly salary, the company would pay 475 per month for social security while the employee would pay 220. Renovated apartments inthehistoric centre ofvora, Aspecial tax regime forNon-habitual Residents (NHRs), An entrepreneur withaD2 visa can move toPortugal, TheD2 visa is suitable forforeign entrepreneurs, Portugal D2 visa processing usually takes 23 months. BENEFITS of the D2 Visa The right to establish a business or work as an independent professional and live in Portugal Free entry and circulation within the Schengen Area of 26 European countries without a Visa The possibility of family reunification (with direct relatives) in Portugal Even if the only available dates exceed your visa duration, as long as you have secured an appointment, your legal status in Portugal remains intact beyond the four-month visa period. You will pay zero capital gains tax and income tax, as well as no VAT on crypto when exchanging it to fiat currency. It might also be interesting to know the kind of jobs available for foreigners in Portugal. Theareas have an autonomous status and are less economically developed than Lisbon and Porto, so their governments attract investment withincentives. While the Golden Visa requires a higher financial commitment than the D2 or the Highly Qualified Activity Visa, it also has a lower residency requirement of just seven days in the first year and 14 days in subsequent two-year periods. - Employment contract Who can apply to the D2 Visa Entrepreneurs who want to open a business in Portugal. Theapplicant chooses an option fromthree investment groups: real estate, business, science, and culture. WithaPortuguese passport, you can visit 187 countries without visas and live inPortugal or another EU country. Having a bank account with a bank in Portugal will enable you to receive funds, make payments, and handle financial transactions related to your business and personal expenses during your stay in Portugal. If you are an entrepreneur, thinking about living in Portugal and growing your idea by building a business, the D2 Visa may be your way in. Hello! Bring your family: Acontract forthelease or sale ofan apartment inPortugal. Securing long-term accommodation in the country through either purchasing or renting a property for a recommended minimum duration of one year, even if an early termination clause is included. Visa processing approx. Almost all services are free in the SNS, but you might still need to pay for specific exams, no more than 5 to 20. Here is a step-by-step guide to the application process. As well as meeting this requirement, some of the more specific application requirements include: You do not need to speak Portuguese in order to be accepted for the visa, although its obviously recommended that you learn especially if you plan to do business with Portuguese companies or with Portuguese customers. Access to an ecosystem of startups and competitive companies; Highly qualified employees (for an affordable cost); Long waiting time until you get your residency (and become 100% legal). The most difficult part will be choosing the reasons you will be presenting, trust us. Therefore, a couple with one child would require around 16,500 per year to meet the eligibility criteria. This website is using a security service to protect itself from online attacks. Applicants confirm compliance withtheposition withadiploma ofvocational education. They must buy a local company or its shares or create a branch of an existing legal entity. In order for you to be able to live in Portugal legally, you have to fulfill two processes: Dont worry, we will explain both points. Each source ofincome and country oforigin is considered toqualify fortax exemption. One must buy an existing company or register a new one to get a Portugal D2 Visa. Once you get your appointment, make sure you bring all information and documents related to your application for residency. 2023 Update: Portugal's Golden Visa Coming to an End Aforeigner confirms housing availability inPortugal throughalease or sale agreement toobtain aresidence permit. Thats enough in order for you to be considered a legal citizen in Portugal. All rights reserved. - Portuguese company certificate If youve already started other businesses, or are opening a branch of an existing business, this may be easier to demonstrate you dont have to start a completely new business in Portugal. The standard IRC rate on the Portuguese mainland is 21%, but small to medium-sized companies can enjoy a lower rate of 17% on the first 25,000 of taxable profit. But dont stress if you get your appointment after 6 months, for example. From maternity care to psychiatric care, the SNS provides a wide range of services. TheD2 visa suits foreign entrepreneurs who plan todo business inPortugal. We recommend contacting an immigration lawyer to help you out. Best Regards. Therefore, a couple with one child would need approximately 19,152.00 per year to meet the financial requirements for the D2 Visa. Benefits of obtaining a D2 visa. You will receive the guide as a PDF file at the email address provided within 5 minutes after sending us the form. From traveling through the Schengen area and being able to reside and work in any EU country, the D2 Visa will make your post-Brexit life much easier. Still, you will pay the same income tax as ordinary tax residents for other types of domestic income. You can apply for family reunification once you have obtained the D2 Visa, granting your family members the same residency rights as you. ThePortugal D2 visa processing time is up to60 days. This means you have to find the Portuguese embassy or consulate in your country, make an appointment and then make your case. If you continue to use this site we will assume that you are happy with it. It allows you topay income tax inPortugal ataflat rate of20%. Thestandard set ofdocuments foraD2 visa toPortugal includes thefollowing: 1. - Valid medical insurance. Additionally, the creation of job opportunities in Portugal will significantly contribute to the strength of your application. The more you allocate to your company, the better your chances of receiving the Visa. Rather than just focusing on the cost of living and climate, essentially why the country would be positive for you, also focus on how your company will impact Portugal and satisfy the needs of the population. Applicants must also produce a solid business plan that will be reviewed for its social, economic, and cultural impact. This means that a partner, children under 18, dependent children over 18 that are studying, parents, and minor siblings. It allows you topay income tax inPortugal ataflat rate of20%. Children aged 18 to26 confirm their financial dependence ontheapplicant and study full-time atauniversity. Subscribe to our newsletter to get some advice that only people who live there know. This is lal Muhammad from Pakistan and I have small business here in Pakistan Some content may be promotional and/or have affiliate relationships where Portugal.com earns revenue promoting the content. Free medical. It is a pathway to Portuguese citizenship after five years. You should ensure you have at least six months of health insurance, covering your initial four-month Portugal D2 Visa and the waiting period for registering as a resident with SEF (Portuguese Immigration and Borders Service). So if you have plans to open a shop, cafe, or modelling agency, or work as an independent contractor, this could be your ticket to a great new life in Portugal. Submitting the application online via the. 2. From getting permanent residence to tax incentives, family reunification grants all the same rights to your family. Information technology, IT is one ofthemost popular industries among investors. Residential and commercial premises are used forpersonal purposes or rented out. When evaluating your visa application, factors such as the investments economic, social, scientific, technological, or cultural significance will be considered. The process might take a while since its necessary to validate your business idea/concept. While many people have heard of Portugals D7 or golden visa, Portugals D2 visa is less well known. Take into consideration that during this period, cant leave the country at the risk of being deported from EU area. Passport or additional travel document valid for 3 months after the duration of the stay; Two passport photos, up-to-date and with enough quality to identify the applicant; Valid travel insurance, allowing medical coverage, including medical emergencies and repatriation; Proof of being in a regular situation when from a different nationality than that of the country where the visa is being applied for; Request for criminal record inquiry by the Immigration and Border Services (SEF); Criminal record certificate from the country of origin or the country where the applicant is residing for over a year (children under the age of 16 are exempt from producing a criminal record); Proof of means of subsistence as stipulated by law; Proof of subsistence means can be made through a statement of responsibility, signed by a Portuguese national or by a foreign national legally resident in Portugal. Simply apply online, and well connect you with a Portuguese bank account. It can get quite tricky to determine whether this is the case so be sure to contact a tax advisor in Portugal. Thespouses must be officially married or inacivil partnership recognised bythestate. The start-up visa is targeted at those who have a business idea, but the business is still at a very early stage. It can help those who want to invest in a business or a company in Portugal to brighten up their future. 4. Our content is DMCA propected, and it can't be reproduced on other websites without our authorisation. What are thebenefits ofaD2 visa toPortugal? Celebrating the Carnation Revolution With an Eye to the Future, Where to stay in Viseu: 5 Best Hotels in Viseu, SEF inspectors cancel airport strikes in Lisbon, Porto, Faro and Madeira, Third day of Maddie search in Algarve dam could be the last. 5. To see this page as it is meant to appear, please enable your Javascript! The2023 State Budget featured ashort section addressing thetaxation ofcryptocurrencies, which todate have been untouched bythePortuguese tax authorities, given that digital assets were notrecognised as legal tender. The Portugal D2 Visa: A Residency Visa for Entrepreneurs. Another consideration could be the golden visa which does have one or two routes for entrepreneurs. Upon receiving your D2 temporary visa, travel to Portugal and schedule an in-person appointment with SEF (the Foreigners and Borders Service) within the 6-month timeframe. Initially, youll submit the majority of your documents, including your business plan, to the Portuguese Embassy or Portuguese Consulate in your home country. Know all the requirements and benefits. Afterfive years ofliving inthecountry, they can apply forpermanent residence or citizenship. Acertificate ofnocriminal records withan apostille. Interested? Essential requirements include getting a NIF (Portuguese tax number), setting up a business bank account with a Portuguese bank, establishing a Portuguese limited company (LDA), and employing an accountant well-versed in the Portuguese tax system. Buying aproperty inPortugal is among the7 investment options and is most often chosen byapplicants. Performance & security by Cloudflare. To see this page as it is meant to appear, please enable your Javascript! Who can get Portugal residence permits withaD2 business visa holder? You would instead pay taxes in your country of origin. Shortly said, yes. 5. In other words, if you want to enter the EU labor market as an entrepreneur or businessman, this visa stream could help to do so. Often referred to as the Entrepreneur Visa, the Portugal D2 Visa is intended for non-European Union and non-European Economic Area citizens. The three main ones are that: You cannot have been taxed in Portugal during the five years before the application. What are the Benefits of the Portugal D2 Visa? This special status offers preferential tax treatment for those with income generated within Portugal, provided their work is on Portugals list of high-value activities. If your services are delivered remotely to clients outside Portugal, the D7 Passive Income Visa or the Digital Nomad Visa could also be viable options. Something else? Its also necessary to demonstrate sufficient financial means to launch and manage the company, including paying annual corporation tax and social security contributions. What we mean by that is that you need to prove that your business can thrive in the field you are aiming for. Whether you're starting a new business or investing in an existing one, the D2 Visa offers a lesser-known but viable route to permanent residency and citizenship for those pursuing self-employment in Portugal. 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. Forexample, acivil union, "pareja de hecho", is registered inSpain. To do so, you need to learn Portuguese and obtain an A2 Portuguese language certificate, have a clean criminal record, and provide documents such as proof of a Portuguese bank account. Afterfive years ofliving inthecountry, they can apply forpermanent residence or citizenship. It is required for various financial and administrative transactions in the country. Preparing a Business Plan Immigrant Invest is a licensed agent for citizenship and residence by investment programs. Theres no restriction on what that business could be. Eligibility Requirements The Portugal D2 visa has several requirements you must meet. You can become a Portuguese citizen after 5 years of legal residency. - Henry Fielding, Requirements for Obtaining a D2 Visa in Portugal, Advantages of Portugal's D2 Visa Explored. After the consulate approves the D2 visa, the applicant can move to Portugal and apply for the final D2 visa at the SEF office. Thefees foraccepting theapplication and issuing thecard are 156 per person. Who can get Portugal residence permits with a D2 business visa holder? The Portugal D2 Visa allows entrepreneurs, freelancers, and independent service providers to reside in Portugal. Contact us today to schedule a consultation and get started on your journey to Portuguese residency and citizenship! If successful, you will be issued a four-month Portugal D2 Visa to travel to Portugal to apply for residency. You will likely need to provide your identification documents, address proof, and tax identification number (NIF) to complete the account opening process. One must buy an existing company or register a new one to get a Portugal D2 Visa. Good Day! Benefits of the D2 Visa and Residency Program NO SIGNIFICANT INVESTMENT: A key benefit of the program is that unlike the Golden Visa, you aren't required to make a minimum investment of 350,000. WithaPortuguese passport, you can visit 187 countries without visas and live inPortugal or another EU country. There is also a new type of visa that allows foreign citizens to travel to Portugal in order to look for work. Foreign interest, dividends, rents, and property capital gains can be exempted from taxation. Ive already running a business in the field of Grain market. OK Payment for services of immigration specialists from 2200. To be eligible, you cannot have been taxed in Portugal during the five years before the application. You can also choose to invest in an existing business in Portugal. As the main applicant, you are required to possess at least 100 percent of the minimum annual salary, which is currently 10,640.00. Sometimes the guide is automatically placed into the spam folder instead of your inbox. Find out more about the NHR here. To kick-start the visa application process, the following steps should be taken: The application process for the Portugal D2 Visa takes place in two distinct stages. Passport valid for at least 3 months after the duration of the stay; . Opening your business in Portugal Getnifportugal 2023. This visa requires a work contract with a salary of at least 1.5 times the average gross national wage. Tax-free income. However, like any immigration process, it requires careful planning and preparation. If your pension income is taxed in Portugal, it will be at a flat rate of 10%, including retirement savings and insurance. The D2 Visa is aimed at entrepreneurs and those intending to start a business in Portugal, whereas the D7 Visa, or the Passive Income Visa, is intended for individuals who have a regular income from sources such as pensions, rental income, or dividends. Atthesame time, children over 18 and parents confirm financial dependence onthemain applicant. Hello, I am renting in Morocco, how do I get a d2 visa, and thank you. On the other hand, if you are an entrepreneur that wishes to have a nice, peaceful life in Portugal, this is one of the ways. Your D2 Visa is available for 4 months. All our articles are written by expats that live (or lived) in Portugal. Themain organisational and legal forms are LDA, an analogue ofalimited liability company, and SA, apublic company forentrepreneurs withlarge capital. Did you find this information useful? TheD2 visa is suitable forforeign entrepreneurs who buy alocal company, share init, or create abranch ofan existing legal entity. No minimum investment threshold is defined for the D2 Visa. Instead, you must get a NIF, open a bank account in Portugal, provide proof of relevant experience or qualifications, and demonstrate that you have a contract with one or more clients. You can also choose to purchase private insurance and access the private system. This option is ideal for those wishing to either start a new business or extend an existing one into Portugal. - Criminal Record certificate The D2 visa offers fantastic benefits, which is why many people apply for it. ThePortuguese business community is open toforeign investors and entrepreneurs. 90. The main benefit of the golden visa is that it only requires you to spend an average of 7 days per year in Portugal. It is vital to maintain your residency status for the entire five years. Concerning the D2 Visa for Portugal, there are no minimum requirements for the Social Capital. Therules forobtaining aD2 visa contain fewer requirements fortheactivities ofan entrepreneur than startup visas: you do notneed toselect aspecific industry and receive approval fromabusiness incubator. The Portugal D2 Visa allows you to enter Portugal and the Schengen area (26 EU countries). if the company is not yet open, you must provide proof that you have sufficient financial resources in Portugal to open a business. Visa-Free Travel: Recommend it to your best friend, your mom, the stranger you met at Starbucksor maybe even your arch-enemy? A good milestone to aim for is the A2 level of Portuguese. APortugal Startup Visa is issued foropening an innovative startup based onabusiness incubator. Adeveloped railway network provides access toEuropean economies. It is recommended to choose a reputable bank and meet their specific requirements for account opening. It's away tomove toPortugal withthewhole team, even if theapplicant only has abusiness idea. Find your home in Portugal in order to have a residential address. You must provide evidence of having sufficient financial resources to sustain yourself and your family for a year, regardless of your business income.
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