Non-EU/EEA/Swiss entrepreneurs, freelancers, and independent services providers can apply for a Portugal D2 Visa. Did you find this information useful? NHR status, valid for ten years, offers benefits like a tax exemption on almost all foreign source income and a 20 percent flat rate for certain Portuguese source incomes (from specific professions and self-employment). Join Us for This Webinar on the Portugal Golden Visa Changes 2022! An entrepreneur's spouse, children and parents can obtain Portugal temporary residence permits based onfamily reunification. Hello! If you're seeking a new business venture or relocating your existing one to Portugal, the Portugal D2 Visa may be your ticket to permanent residency and citizenship in the country. However, please keep in mind that as a NHR resident, you will not be exempt from paying the standard Corporate Tax (IRC) in Portugal. Theareas have an autonomous status and are less economically developed than Lisbon and Porto, so their governments attract investment withincentives. Theres slightly less setup involved here than there is for entrepreneurs. How to Move to Portugal: The Ultimate Guide for Americans, Order online and receive your NIF directly to your mailbox. Interested in getting a D2 Visa? Three types ofcompanies prefer registration inMadeira: If inthemain territory ofPortugal, thecorporate tax is 21%, then inMadeira, therate is 5%. You will also need to show that you have enough money to sustain yourself. Take into consideration that during this period, cant leave the country at the risk of being deported from EU area. The D2 Visa provides a pathway to permanent residency in Portugal. Thats enough in order for you to be considered a legal citizen in Portugal. Portugal does nottax income or pension benefits if thetaxes are paid inthecountry oforigin. Residential Address The process might take a while since its necessary to validate your business idea/concept. A1 & A2 From Mia Language Academy Portuguese, courses that cover A2 European Portuguese, Dealing with Noisy Houses & Apartments in Portugal, Moving to Portugal from the UK After Brexit, A NIF number (tip: you can get this and a Portuguese bank account through companies like. 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 TheD2 visa is valid forfour months; duringthis time, its holder arrives inPortugal and submits documents foraresidence permit totheSEF migration service. Income is considered rent, dividends or payment froman employment contract outside Portugal. Family members can live, work and study in Portugal. Within four months afterits issuance, theentrepreneur applies toSEF. - Passport Who can get Portugal residence permits with a D2 business visa holder? Afterfive years ofliving inthecountry, they can apply forpermanent residence or citizenship. Its up to you, Im just throwing some ideas out there. Unlike the startup visa, there are no limitations on the type of business: you could launch something in the hospitality or tech sector, for example. You should correct this. Some of these benefits include the freedom to bring your family to Portugal and the ability to apply for permanent residency and even citizenship. To see this page as it is meant to appear, please enable your Javascript! What are the Benefits of the Portugal D2 Visa? Hi! Best Regards. However, this does not apply to corporate tax. Family: You will renew your residency until the 5-year mark when you can apply for permanent residency. I recommend you contact a financial advisor or lawyer in Portugal as they will know how to move forward. Callan Richardson Guided through a D2 visa obtainment process Contents What is the Portugal D2 visa? Thefees foraccepting theapplication and issuing thecard are 156 per person. Portugal.com is an independently owned and operated tourism portal about Portugal. holdings fortheprovision ofconsulting and other professional services attheinternational level; shipping, registration ofyachts, and oil platforms; placement ofwarehouse and industrial premises. Our content is DMCA propected, and it can't be reproduced on other websites without our authorisation. All our articles are written by expats that live (or lived) in Portugal. We can help you get your NIF and satisfy the mandatory tax representative requirements. Arriving to Portugal This visa requires a work contract with a salary of at least 1.5 times the average gross national wage. Favourable geographical position. 3. What are thebenefits ofaD2 visa toPortugal? Afterapproval, theapplicant receives thepassport withapasted visa. 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). Here are the benefits of this tax regime: HOWEVER, this will apply to you as a resident, but not a registered company and you will have to pay the regular corporate tax (IRC) in Portugal. 22 Jul D2 visa or Immigrant Entrepreneur visa for Portugal is becoming famous day by day in non-EU countries. 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. Additionally, it is important to note that you will need to cover the Social Security Tax (TSU) for your employees. Acertificate ofnocriminal records withan apostille. Adeveloped railway network provides access toEuropean economies. This includes the D2, D7, Golden Visa, etc. Temporary stay visas are valid during the entire stay and allow for multiple entries. The first and main requirement is this: can you set up a business or freelance activity that will support you, and any dependents, in Portugal? Themain organisational and legal forms are LDA, an analogue ofalimited liability company, and SA, apublic company forentrepreneurs withlarge capital. Without theNHR status, income tax is levied progressively from14.5 to48%. You could need to bring proof of residence (like a rental contract), tax number, etc. This visa is versatile and can be used for various types of businesses, ranging from small cafes to large real estate agencies. Portugal recognises second citizenship. - Valid medical insurance. Moreover, it allows holders to bring family members and enjoy the benefits of Portugals Non-Habitual Residency (NHR) tax regime, which can provide significant tax advantages. It's perfect for those that want to move to Portugal, but still want to be able to travel (other visas require you to spend 8+ months of the year in Portugal). Would you like to write for us? 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. This is at no additional cost to you and it does not affect our editorial standards in any way. Despite common misconceptions, prior criminal records do not automatically disqualify you from visa eligibility, depending on the nature and severity of the offense. Find out more about the Portugal Citizenship here. Forexample, acivil union, "pareja de hecho", is registered inSpain. After six years of legal residency, you can apply for Portuguese citizenship, which requires an A2 Portuguese language certificate, proof of a Portuguese bank account, and a clean criminal record. To be eligible, you cannot have been taxed in Portugal during the five years before the application. The independent service provider, namely someone who provides services to Portuguese or international clients, is another category of people that can apply for the D2. The main applicant must have a minimum salary of 100% of the annual . The D2 Visa is a type of Portuguese residency visa. ThePortugal D2 visa processing time is up to60 days. Did you enjoy this article? A professional will look at your profit and frequency of trade to determine if this is the case. - Personal and company NIF (Tax Identification Number) The Portugal Digital Nomad Visa allows you to do just that. An entrepreneur withaD2 visa can move toPortugal and get aresidence permit. We recommend contacting an immigration lawyer to help you out. We use cookies to ensure that we give you the best experience on our website. Independent service providers must submit a written contract or proposal detailing the provision of their services as part of their application. This could include creating jobs or addressing an unmet need in the Portuguese market. Alongside a detailed business plan, you must demonstrate proof of means of subsistence. Usually, this implies having enough savings for at least 12 months, equivalent to the Portuguese minimum wage. This visa grants you the same travel rights as any EU citizen. The requirements to be eligible for a D7 Visa in Portugal are pretty straightforward. There are several steps youll need to complete until you finally get your visa. UK entrepreneurs who can longer access the European market are in luck with the Portugal D2 Visa. - Henry Fielding, Requirements for Obtaining a D2 Visa in Portugal, Advantages of Portugal's D2 Visa Explored. To see this page as it is meant to appear, please enable your Javascript! The tax identification number and the bank account in Portugal are essential documents demonstrating your commitment to establishing and maintaining financial ties in the country, supporting your business endeavors, and overall integration into Portuguese society. Registration of a residence permit in Portugal 84. Instead, it focuses on business investment and having a viable business idea. Permission tocheck criminal records inPortugal. It can help those who want to invest in a business or a company in Portugal to brighten up their future. Submitting your application All rights reserved. How toget Portugal residency byrefundable investments. This is lal Muhammad from Pakistan and I have small business here in Pakistan You will pay zero capital gains tax and income tax, as well as no VAT on crypto when exchanging it to fiat currency. You can apply for permanent residence after 5 years and citizenship after 5 years, effectively gaining back the rights lost after Brexit. Portugal is located inthesouthwest ofthecontinent, withaccess totheAtlantic Ocean and theborder withSpain. As you probably know, the Social Capital of a company is a solid indicator of the amount of money the founders of a company invest in the said company. 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. This is perfect for entrepreneurs who want to travel through Europe to network and build corporate connections. If the D2 Visa holder stays in Portugal for five years to maintain residency, they can qualify for permanent residence. Registration ofacompany inPortugal takes 24 hours. Sometimes the guide is automatically placed into the spam folder instead of your inbox. 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. 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. 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. This field is for validation purposes and should be left unchanged. In this sense the employee pays 11% and the employer pays 23.75%. While in countries like the US, anyone who sells cryptocurrency must pay a capital gains tax of up to 37%, this is nonexistent in Portugal. Get a fee concession for School going Children. We use cookies to ensure that we give you the best experience on our website. You must submit a well-structured and detailed plan that will undergo a thorough evaluation based on its social, economic, and cultural impact. If youre considering moving to Portugal with the D2 Visa, you might find the following blog posts useful for further reading: The Portugal D2 Visa is an excellent opportunity for entrepreneurs and self-employed professionals looking to establish themselves in Portugal. The more determined and reliable you are, the best are your odds of being accepted as an Immigrant Entrepreneur. You can rent or purchase, the decision is entirely yours. SA (Sociedade Annima) is thestandard format forcompanies withan authorised capital of50,000 or more. 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. The Portugal D2 Visa is less known than the D7 Visa and the Golden Visa but can be a viable route to permanent residency and citizenship for those looking to work for themselves in Portugal. It is recommended to choose a reputable bank and meet their specific requirements for account opening. A good milestone to aim for is the A2 level of Portuguese. Getnifportugal is not a bank, accountant, tax/investment advisor, or law firm. The plan should clearly show how your business will not only thrive but contribute to the growth of the Portuguese economy. You must provide evidence of having sufficient financial resources to sustain yourself and your family for a year, regardless of your business income. 5. For a spouse, you must add 50% to this (4,230) and for a dependent child, you must add 30% to this (2,538). This could be in the form of a rental contract, property deeds, or an invitation letter from a friend or relative who is a legal resident of Portugal. Upon arrival in Portugal, you should schedule your SEF appointment as quickly as possible. Below youll find some information about another type of Entrepreneur Visa for Portugal, the Portugal Start-up Visa. All three types ofvisas allow theaddition offamily members: aspouse, children and parents. 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. Managers and employees ofcompanies speak English, French and Spanish, which facilitates thedevelopment ofinternational relations inthecountry. The share capital represents the initial minimum investment amount required to ensure the functioning of the company, even in situations where it may not be generating profits. You are required to provide evidence of having established a company operating within Portuguese territory or possessing sufficient financial resources in Portugal and submit documents that demonstrate your capability to establish a company in the country.