Unlocking Opportunities:
The Advantages of Obtaining a Visa D2 in Portugal
The most important benefits of obtaining a D2 visa in Portugal
- Freedom of Movement in the Schengen AreaOne of the most significant advantages of the visa D2 is the freedom to travel within the Schengen area. This includes 26 European countries, allowing visa holders to explore new markets, attend business meetings, and build relationships across the continent. This mobility is invaluable for entrepreneurs looking to expand their business reach beyond Portugal's borders.
- Gateway to European BusinessObtaining a visa D2 in Portugal opens doors to one of Europe's most attractive markets for entrepreneurs and investors. The flexibility and stability of the Portuguese business environment present unparalleled opportunities for international businesspeople. With a growing economy and a government supportive of foreign investment, Portugal offers fertile ground for new ventures to flourish and expand their reach across Europe.
- Two-Year Residency with Renewal OptionsThe visa D2 grants a two-year residency permit in Portugal, with the possibility of renewal for additional periods. This extended timeframe provides entrepreneurs with the stability needed to establish and grow their businesses. The renewable nature of the visa allows for long-term planning and investment, crucial for the success of any new venture.
- Fast-Track Company EstablishmentPortugal offers streamlined procedures for company formation, enabling entrepreneurs to start their business operations relatively quickly and with somewhat minimal bureaucratic hurdles. This efficiency in the business setup process allows visa D2 holders to focus on growing their ventures rather than navigating complex administrative procedures.
- Family Reunification OpportunitiesThe visa D2 program extends to immediate family members, including spouses and children. This family reunification aspect provides personal stability for entrepreneurs, allowing them to settle in Portugal with their loved ones while pursuing their business goals.
- Possibility of obtaining Portuguese citizenshipAfter meeting the 5-year residency requirements, you can apply for permanent residency and then Portuguese citizenship, which gives you full citizenship rights within the European Union.
Steps Required to Obtain a Visa D2
To obtain a D2 Visa, there are several key stages to go through. these steps ensure that your application meets the legal and administrative requirements of the Portuguese authorities and help expedite the approval process:
Obtain a Personal Tax Identification Number
The first step is to obtain a personal tax identification number in Portugal, which is mandatory for any financial or commercial transaction.
Company Address
An official company address is essential for receiving official mail from government entities or even financial institutions such as banks.
Obtain a Trade Name Certificate
The next step is to apply for a trade name certificate, where you choose three different names to submit to the official authorities.
Establish a Limited Liability Company in Portugal
A limited liability company must be registered with the Portuguese commercial registry, and the appropriate legal structure for your business must be selected. In this phase, the activities to be carried out by the company are chosen.
Obtain a Company Tax Identification Number
To conduct any transaction in Portugal on behalf of the company, a company tax identification number must be obtained and activated, especially to open a bank account or even a payment gateway for the company in Portugal.
Open a Corporate Bank Account in Portugal
Opening a local bank account is essential to demonstrate financial solvency and deposit the required capital to establish the company and apply for an entrepreneur visa.
Prepare a Business Plan
A business plan outlining the company's objectives, the nature of the project, and how it will contribute to the local economy is required. It is recommended to prepare the plan professionally to meet acceptance standards.
Personal Address
At the stage of submitting the visa file to the consulate, a house rental contract in Portugal must be secured, and registered with government entities, and the related tax must be paid for one year.
Submit the Visa Application at the Portuguese Consulate
All required documents, such as the criminal record, proof of financial solvency, and housing contract, must be submitted to the Portuguese consulate in your country.
Obtain the Visa D2
After the embassy reviews the application, approval is granted, and a temporary visa is issued to enter Portugal, usually valid for four months.
Obtain a Temporary Residence Permit
After arriving in Portugal, an application is submitted to obtain a temporary residence permit from the Immigration Agency (AIMA), granting a residence of two years, renewable.
Permanent Residency and Citizenship
After five years of legal residency, you can apply for permanent residency and then Portuguese citizenship.
Key Considerations for Entrepreneurs Seeking a Visa D2 in Portugal
The visa D2 is intended for non-European entrepreneurs and investors who wish to establish a company or business project in Portugal. This includes business owners, freelancers, and investors with a clear business plan and a project capable of contributing economically.
Yes, the minimum investment is €5,000 as initial capital for the company, in addition to proving that you have at least €10,000 in your bank account to cover initial living expenses.
Yes, visa D2 holders can bring their immediate family members (spouse and children) through a family reunification visa, allowing them to legally reside in Portugal.
The visa D2 is primarily intended for establishing and managing a business, which allows you to work within your project. It is not a traditional work visa, but you can engage in business activities related to your company. If you wish to work outside your own company, that is also possible.
The visa D2 grants residence for two years, which can be renewed for an additional three years, provided that the company remains active and all legal requirements are met.
A valid passport with at least 6 months of validity. A valid residency permit (for some nationalities) with at least 6 months of validity.
Yes, this is possible. There are additional requirements, such as raising the capital to €10,000 in the company's bank account and requirements related to the company establishment phase.
Yes, we can legally close the company. The cost is approx. €550.
The chances of rejection are very low if all conditions are met and the capital is deposited in the company's bank account, however, the visa is subject to relevant authorities’ approval.
The entire process, from the date of submitting the application to receiving the visa for Portugal, takes between 4 to 6 months, depending on the workload of the Portuguese embassy in the country of application.
The company can engage in various fields depending on the activities listed in the incorporation contract, such as online services, import and export, and other activities.
The corporate tax rate on profits, after deducting all expenses, is 21%, regardless of the financial amounts involved.
Employee salaries (including the owner as the company manager), accounting expenses, advertising expenses, travel expenses within and outside Portugal related to business, and any expense paid for the project.
Personal tax starts at 13.25% on salary or any income from investments.
The monthly operating costs of running a company in Portugal include salaries, rent, and marketing, in addition to utility bills. Feel free to contact us at HFA Firm for more information!
The annual expenses for a company include taxes, accounting, and licensing fees. For more details, reach out to us at HFA, as we are here to provide support and answer all your inquiries!
Yes, it is possible.
€450.
After meeting residency requirements for five years, you can apply for permanent residency. Afterward, you may apply for Portuguese citizenship, provided you meet additional requirements such as basic Portuguese language proficiency and compliance with legal obligations.
You must stay in Portugal for at least four months in the first year. However, this period does not need to be consecutive and can be spread out across several stays.
Yes, but additional costs will apply. If you have further questions, don't hesitate to reach out to us. At HFA, we are here to provide full support and answer your inquiries!
Why HFA
Choose HFA as your trusted partner for establishing businesses in Saudi Arabia and benefit from our international experience in establishing companies and adhering to the highest standards. We deal directly with service providers from the state directly and do not deal with intermediaries. We have contracts in Saudi Arabia with the Ministry of Investment, contracts with “IFSA” and “Amer” in the United Arab Emirates, in addition to the federal government of the United States of America. To date, we have established more than 400 companies around the world during the past three years. The excellent customer support we provide makes us the preferred choice for entrepreneurs around the world. We provide customized solutions and personalized services for you and your company, and our proven track record of success and experience helps you take your business to the next level in the huge market of the Kingdom of Saudi Arabia.