WHY PORTUGAL

Portugal is a southern European country on the Iberian Peninsula, bordering Spain. Its location on the Atlantic Ocean has influenced many aspects of its culture: salt cod and grilled sardines are national dishes, the Algarve’s beaches are a major destination, and much of the nation’s architecture dates to the 1500s–1800s when Portugal had a powerful maritime empire

PORTUGAL D2 VISA

Portugal’s D-2 visa is one of the advantages for business entrepreneurs, freelancers, and independent professionals who are willing to establish their future business in Portugal and the Schengen area.

Definition of D-2 visa of Portugal

In general, Portugal has two categories of visas, that’s all short-term and long-term visas. The D2 visa is under the category of a long-term visa program in Portugal. That is also known as the entrepreneur visa, independent professional, and start-up visa of Portugal.

Who is eligible for the Portuguese D2 visa Program-:

• D2 Visa for entrepreneurs
• D2 Visa for independent professional
• D2 Visa for start-ups
• D2 Visa for investors
• D2 Visa for company owner, shareholder, partner, and the board of directors.
• D2 Visa for branch owners and share-holder partners and directors.

How to obtain a Portuguese D2 (immigrant entrepreneurs) Visa-:

Concerning obtaining Portuguese D2, the visa should have a motivated and reliable business plan and in-depth research about future business in Portugal and the country. Should demonstrate a strong relationship and study with the Portuguese territory and business community of Portugal. Also, you should be registered with the appropriate authorities before starting your project in Portugal. Business capital is one of the critical marks of your interest, and an investor should have sufficient budget and money to start a commercial activity/company in Portugal.

Step-by-step procedure to obtain a D2 visa in Portugal-:

Step 1 – research and connect with the Portuguese business community.

Step 2 – Formation / establish a branch office in Portugal.

Step 3 – obtain all needful licenses and permits.

Step 4 – Open a business account of the company in any financial institute in Portugal.

Step 5 – hire an accountant/manager for the operation of the business in Portuguese territory.

Step 6 – start paying taxes and social contributions to employee/shareholder partners of the company.

Step 7 – Transfer your business capital to a Portuguese company bank account for at least 50% of the investment.

Step 8 – Fill out your application form for a D2 visa, which is available on the Portuguese consulate website of your residence country (duly completed and signed).

Step 9 – Prepare your solid business plan and cover letter along with the mentioned documents.

• Portuguese company Certificate along with MOU
• Portuguese bank account statement with a capital
• Submit your tax number and company tax number
• Submit your social security and company social security number.
• Submit your manager and accountant business/employment contracts
• Submit your and your employee’s social contribution receipts for the last three months
• Submit your accommodation proof of Portugal

Step – 10 Besides documents from your home/residence country.

• Your present business/employment proof of your residence/home country
• Tax and income proof of your present country
• Proof of your experience and education in the present and future business
• Passport along with previous travel history data.
• Your personal and business bank statements of your residence country
• Your fixed deposit and investment assets detail information along with proof attached
• Resolution from your current employer/ business partner decides to start a new branch or a new company in Portuguese territory.
• Proof of legal residence of your resident country for the appropriate authority (long-stay visa and residence or work permit).
• Flight reservation of air ticket
• Travel medical insurance
• Applicant presents residency country Criminal record certificate issued by the competent authority.

Step 11 – May the Portuguese consulate ask for additional documents or call for an interview.

Step 12 – Portuguese consulate transfer your visa application to the competent authority SEF in Portugal for your D2 visa application’s final decision will take nearly 2-3 months.

Step 13 – final visa decision made by the SEF Portuguese immigration authority delivered to the consulate in your country different consulates will grant your application a visa or judgment.

Step 14 – after the success of the D2 visa (validity of 120 days) under article 60, on landing in Portugal, you have to book an appointment with SEF for the biometrics and further receive a residence card (valid for two years) under article 89.1.

 For further details call our experts. 

Portugal is open to entrepreneurs.

Portugal is one of the best choices for residence and investment in Europe. Several factors have been involved in improving the position of this country among other options. Factors such as:

1. high security;
2. modern infrastructure;
3. strategic position in the European Union;
4. low-income tax;
5. high general health;
6. The standard and modern system of higher education;
7. overall high standards of living

Who is eligible to apply for Portugal D2?

The D2 Visa is open to non-EU/EEA/Switzerland citizens who:

• either want to start a business in Portugal
• or already have a business running in Portugal, but have not yet applied for the visa

If you’re planning to check your eligibility in further more details and see your chances and choices 

for applying, contact Galaxy Travels so you can learn more about the details and set appointments for your Services.

To support your application, you will need the following documents:

• visa application form
• passport (minimum 3 months validity for the duration of the stay)
• 2 updated good-quality passport photos
• valid travel insurance, with sufficient medical coverage that includes emergency medical assistance and repatriation
• if you are not a citizen in the country where you are residing, you must provide evidence that your situation is legal.
• criminal record certificate for you and your dependents aged 16 or over, issued in the last 3 months
• proof of means of subsistence. This normally means a minimum full wage annual value, plus half of that amount for your spouse and €2,160 for children. The minimum wage in Portugal is around €7,200, cut this changes every year.

Getting your visa takes about 180 days on average, assuming you meet the requirements, with a decision typically received within 60 days of submitting your application. However, it may take longer, depending on your particular case and country of origin.

Galaxy Travels with years of professional experience can help you make your path easier to go through no matter which specific country or region you currently live in.

Family Members and Dependents

You can apply for a Family Reunification Visa to bring your spouse, your children, and your parents (considered dependents) to Portugal after receiving your residency card of the D-2 visa. You must demonstrate that you not only have the financial resources to support yourself, but also each family member. However, the amount for spouses and children is not as high as the amount for supporting yourself.

Frequently asked questions about D-2 Visa application          

How is one eligible for a Portuguese D-2 visa

That visa is meant for new business start-ups, independent professionals, immigrant entrepreneurs, company owners, shareholders, partners, and boards of directors. They can apply for a Portuguese D-2 Visa, a so-called residence long-term visa.

What is the meaning of the Portuguese D-2 Visa?

This visa falls under the residence category, which is considered as a long-term visa for more than 90 days.

Where I can apply for a D-2 visa in Portugal?

Request to Portuguese consulate at your home / resident country

What is the minimum investment for a D-2 visa?

There is no prescribed investment amount by the Portuguese authorities for a D-2 visa, and it always depends on your plan/project in Portugal.

Can I apply along with my family?

No. D-2 Visa is primary for business owners or partner shareholders. A family application is considered under family re-unification, entirely a different visa category, which is possible only after the successful residency card of the D-2 visa holder.

Is it an obligation to open a company in Portugal for applying/obtaining a D-2 visa?

It is not obligatory if you have independent professional skills like IT specialisation, doctors, plumber, carpenter, technicians, or other freelancer credibility and certifications along with substantial experience in your independent activities may request without opening a company for D-2 visa.

How I open a company without a presence in Portugal

You can open a company in Portugal basis on legal power of attorney delegated to a Portuguese representative/lawyer/consultant or any physical person residing in Portugal. A power of attorney should be an attested ministry of a foreign affair or Portuguese consulate in your home country.

I am a Danish national; if I start a business/company in Portugal, can I invite my 40-year brother basis on a D-2 visa.

Yes, under partnership in your business/company subject to the company’s active shareholder can request for business / professional visa for Portugal.

Do I need to invest in Portugal before submission the D-2 visa application to the Portuguese consulate?

No, it is not an obligation to invest in Portugal before obtaining a successful visa. Still, it is also essential to demonstrate your plan and budget of investment to the embassy.

How much time do I need to wait for obtaining a D-2 visa?

After requested a D-2 visa at the Portuguese consulate expected time 60-90 days. Still depend on the duration of time confirmation by the SEF (Foreigners and Borders Service)

How much is the duration of a D-2 visa?

The validity of the D-2 visa so-called long-term visa of 120 days. Further on landing, you should present your access at SEF (Foreigners and Borders Service) for biometric concerning obtaining a residence card under article 89.1, which is valid for two years.

What are the minimum requirements of capital has shown in my bank?

The minimum requirement for the maintenance (necessary living expenses) around € 665 x 12 months apart from the investment budget.

If I am holding a D-2 visa, can I explore other legal work in Portugal?

Yes, you can do multiple legal works along with the present status in Portugal.

If I open a company in Portugal, can I call my employees from another country?

The employee category is entirely different from the d-2 visa. In this case, you need to take prior permission from a competent Portuguese authority.

How much tax do I need to pay after establishing a company in Portugal?

The tax obligations based on the company activities in general VAT in Portugal are between 4% and 23%. Also, corporate tax in Portugal paid yearly, i.e., between 20%-25%

How much social security obligation for the employees or manager, shareholder partner and board of director.

The social security obligation only for the active employee, manager, shareholder partner and board of director is 11% (from employee salary) and 23.75% (from the company contribution)

Can D-2 visa holder can work in other European / Schengen countries.

After obtaining a D-2 visa/residence card from Portugal, you have free business movement in the Schengen zone for up to 90 days. Under the single tax system.

What is the minimum stay requirement inside Portuguese territory after obtaining the D-2 /residency card of Portugal?

The person must stay inside Portugal for six consecutive months or un-sequential eight months. A person has to inform SEF before leaving Portuguese territory.

Can a person avail medical, education, benefits with the state government institutes?

Yes, if you are working / business in Portugal for more than 90 days, you will gain social benefits as a Portugal’s legal resident.

Can I own a 100% share of the company without any other local representative / physical person?

Yes, you can own a 100% share of the company without any local representative or physical person in Portugal.

Can I become a partner of\ existing company/business in Portugal?

Yes, you can own a share of existing business and company in Portugal.

How much time consuming to open a company/branch office in Portugal?

After establishing appropriate documents, company formation, possible on the spot or online, will take one working day.

In case my D-2 visa refused by the consulate of Portugal, what I can do?

You have appeal/review rights on your application subject to the justification of refusal on your application.