Portugal, a captivating southwestern European country, provides an alluring business climate. Renowned for its vibrant history, vibrant culture, and breathtaking landscapes, Portugal offers numerous advantages that make it the perfect setting for entrepreneurs looking for business ventures. One of the advantages of conducting business in Portugal lies in its strategic geographical positioning as a crossroad between Europe, Africa, and South America.
Furthermore, Portugal features a highly qualified workforce with multiple languages spoken fluently and an advanced infrastructure supporting an active business ecosystem. Portugal stands out for its business-friendly policies, competitive tax incentives, and vibrant startup scene that draw investors and innovators. Boasting beautiful natural settings and favorable business conditions enable companies to grow globally while benefiting from Portugal’s many attractions for business expansion and success.
The D2 Visa for Portugal
A D2 visa is one type of visa provided by Portugal that permits non-EU citizens to reside and work within the country to start a new business or buy into an existing business. This visa has been specifically developed by entrepreneurs and business owners looking to contribute to the Portuguese economy and help its development.
To qualify for the D2 visa, applicants need to present a complete business plan outlining the investment they plan to make in Portugal and demonstrating the viability and longevity of their business plan. It is also necessary to prove that they are financially able to provide for themselves as well as any relatives who accompany them while they are traveling to Portugal.
The D2 visa is initially granted for one year. Then, it may be renewed for as long as two years each, but with a maximum period of 5 years. In the five years following the issuance of a D2 visa, applicants could qualify to apply to become permanent residents of Portugal or Portuguese citizenship if they meet the criteria for eligibility.
The more than ten years of expertise as immigration lawyers for foreign countries, and advisors, say that the typical processing time is usually 3-4 months; however, it can be extended to 6 months due to unforeseeable situations.
What’s Keeping You from Brightening Up Your Future ?
Entrepreneurs and business owners are eligible for the D2 visa. Those who qualify for a Portugal Entrepreneur Visa can:
Expand their business in Portugal
Apply for permanent residency in Portugal for themselves and their families
Travel to 180+ countries visa free including USA, UK, Canada and more.
Requirements
The government of Portugal is keen to accept foreign entrepreneurs who contribute to the country’s economy. However, to be eligible for a visa, the applicant must have the following:
Business plan
Applicants must demonstrate that they have sufficient financial means to support themselves and their family members while living in Portugal. This includes providing proof of income, bank statements, and other financial documentation.
Health insurance
Applicants must provide a clean criminal record certificate
Portugal is one of the best places in Europe to live and invest. Several factors have contributed to this country’s improved position among other options. Factors such as: • High security • Modern infrastructure • Strategic position in the European Union • Low income tax • High general health • Modern higher education system • Overall high living standards
