THINC’s advisory team in Dubai guarantees quality solutions by an experienced team of advocates & business advisors.
THE PORTUGAL D2 ENTREPRENEUR VISA PROGRAM
Portugal is ranked among the top 10 safest countries in the world. It is therefore not surprising that the D2 Visa Program is gaining popularity among foreign entrepreneurs seeking safety and stability for their families. In addition, Portugal offers a relatively low corporate tax rate of 21% on net profit and simplified tax codes, making it a very attractive place in which to establish and grow a European business. Income derived from property is taxed at only 10%.
What is the D2 Visa?
The D2 Visa is one of the most straightforward entrepreneurial residency programs in Europe. It is also known as the Immigrant Entrepreneur Visa and it is for entrepreneurs, freelancers, and independent service providers from outside the EU and Schengen Area who wish to start or transfer their business in Portugal. One can therefore set-up a more conventional business (e.g. a restaurant or tourism & travel agency) or a Portuguese branch of their existing foreign business.
From all the residency programs for Portugal, this is the one more straight forward with the minimum investment, more or less 10% of the other programs values or figures. It also gives your flexibility thereafter to scale up your business and presence if you wish to spend more time and do more busines or acquire assets in Portugal.
Who is qualified to apply?
In order to be establish eligibility for applying for the D2 visa, you will need to meet the following requirements:
- Incorporate a Portuguese company and to register it before the Tax Authorities and the Social Security;
- Have a contract for working as self-employed in Portugal; or
- Develop an entrepreneurial project, including the creation of an innovative grassroots company integrated in a certified incubator.
Benefits of the D2 Visa
No Significant Investment:
A key benefit of the D2 visa is that it does not require a minimum investment. We do advise that you capitalize your new business with a minimum that reflects the credibility and viability of the proposed business plan. Our team will advise you on this, as relevant.
No Language Requirement:
Speaking Portuguese is not a requirement in order to apply for the D2 Visa. For applying for citizenship, however, it is a requirement to pass a basic Portuguese proficiency test (A2 Level). This can be replaced by submitting a language school diploma or certificate proving proficiency in the language.
3. Fast Application Process:
The D2 Visa and residency application can be completed in just 4 to 6 months.
4. Visa-Free EU Travel:
Portugal is a European Union member state and grants visa-free entry to all EU/EFTA citizens, as well as certain family members and relatives even if they are not from the EU themselves.
Subject to being able to prove marital, blood ties and the means to accommodate and support your spouse and/or dependent children, you can apply to bring your family to Portugal on the basis of family reunification.
The THINC Team
The team working on your D2 application consist of Portuguese experts on this matter including:
- Corporate lawyer
- Immigration lawyers
- Senior accountant – Revisor Oficial de Contas ( ROC)
- Tax advisor (PhD)
For any questions
Please contact us at firstname.lastname@example.org if you wish to know more or have any questions regarding the eligibility, application process and benefits of obtaining the D2 Portugal Visa.