Portugal Digital Nomad Visa: Should I get a D2 or D7 visa? Theapplicant rents or buys housing inany region ofPortugal, and theproperty's value is notessential. 3. There is no threshold for business investment. The UK, USA, and many more countries have a DTA with Portugal where this is the case. Get practical guide. Do you have any doubts about the content or wish for more information about a certain topic? If you trade crypto as your primary income source, as your main profession, you will also need to pay this tax. 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. However, please keep in mind that as a NHR resident, you will not be exempt from paying the standard Corporate Tax (IRC) in Portugal. - Passport I wanna apply the D2 for Portugal. 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. Involves atleast five shareholders. 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. This visa type offers a unique investor-entrepreneur residency pathway, partnering entrepreneurial investors with Portuguese universities to develop a research-driven startup. Hello, I am renting in Morocco, how do I get a d2 visa, and thank you. Its also necessary to demonstrate sufficient financial means to launch and manage the company, including paying annual corporation tax and social security contributions. Permission tocheck criminal records inPortugal. It's a Schengen visa that allows you to travel to the Schengen zone countries (27) freely. Because of this, the D2 shouldnt be seen as an easy way to move to Portugal for those that dont have another route such as a pension or job offer. Option for Citizenship: The main applicant must have a minimum salary of 100% of the annual . 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. Subscribe to our newsletter to get some advice that only people who live there know. The D2 Visa offers the chance to establish and run a business in Portugal, a country with a stable economy and a high standard of living. Path to Permanent Residency: The D7 Visa is a popular choice for retirees or remote workers, while the D2 Visa targets active business professionals. How to Move to Portugal: The Ultimate Guide for Americans, Order online and receive your NIF directly to your mailbox. This amount increases by an additional 50% for a spouse and 30% for a dependent child. EU/EFTA nationals do not need this visa to travel to Portugal for less than 90 days, as well as those from the 61 countries with visa-free travel agreements. The Portugal D2 Visa allows you to enter Portugal and the Schengen area (26 EU countries). 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. 5. The D2 visa essentially grants you the travel rights of all European Union citizens. It is vital to maintain your residency status for the entire five years. 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. Visa D2 Portugal: The Ultimate Guide For The Immigrant Entrepreneur Visa. Join Us for This Webinar on the Portugal Golden Visa Changes 2022! Temporary stay visas are valid during the entire stay and allow for multiple entries. - Two identical passport size photos All rights reserved. The main difference is that in order for you to get a Start-up Visa is that you have to have your project accepted by the Agency for Competition and Innovation (IAPMEI). You typically need a clean criminal record certificate from any country where youve resided for over a year. After 5 years, you can become a permanent resident of Portugal and after 6 years you can become a Portuguese citizen. After five years of residency, it also offers a pathway to Portuguese and EU citizenship. Find your home in Portugal in order to have a residential address. 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. You will receive the guide as a PDF file at the email address provided within 5 minutes after sending us the form. Will it provide enough money for you to comfortably live or will it raise concerns that you will need support from the Portuguese state? This is one of the most important things you have to nail in order to maximize your chances of getting your Visa. One must buy an existing company or register a new one to get a Portugal D2 Visa. PDF, 12 pages, 392 kb. Visa-Free Travel: Flexible lease (from one week to one+ year) Largest coliving booking platform Lowest price guarantee Free cancellation (within 24 hours after booking) Advanced search Verified guests and hosts If you are a bit more flexible on location, here are some super unique digital nomad coliving spaces in Europe The Portugal D2 Visa is an enticing prospect for individuals with entrepreneurial aspirations who are planning to establish a new venture in Portugal or are eager to extend their existing business to the country. The main applicant must have a minimum salary of 100% of the annual minimum salary, which is 9,120. The Portugal D2 Visa: A Residency Visa for Entrepreneurs 5. If you continue to use this site we will assume that you are happy with it. It is a residency visa that can be the first step toward obtaining a Portuguese residency permit. benefits and requirements Contents What is a Portugal D2 Visa? The plan should clearly show how your business will not only thrive but contribute to the growth of the Portuguese economy. Instead, you must get a NIF, open a bank account in Portugal, provide proof of relevant experience or qualifications, and demonstrate that you have a contract with one or more clients. If thecompany has notyet been opened, astatement fromtheBank ofPortugal ontheavailability ofmoney toopen acompany. High qualifications and contract withan employer inPortugal, Opening an innovative startup based onaPortuguese business incubator, Monthly salary inPortugal ofatleast 1,452. Within four months afterits issuance, theentrepreneur applies toSEF. You dont need to create a Portuguese company or hire an accountant. 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. After5 years inthestatus ofaresident, foreigners apply forpermanent residence or citizenship. D2 Visa - The Entrepreneur Visa - Work Visas - Portugal - Mondaq Official D2 Visa form. The whole process of obtaining Portugal citizenship after acquiring a residence permit by investment, a D7 or D2 visa, takes about 6 years and either a minimum initial contribution of 250,000 or 8,460 of minimum annual permanent income for the main applicant. Did you find this information useful? Portugal is located inthesouthwest ofthecontinent, withaccess totheAtlantic Ocean and theborder withSpain. Some content may be promotional and/or have affiliate relationships where Portugal.com earns revenue promoting the content. If thecompany is already open, founding documents and financial statements. 4. Information technology, IT is one ofthemost popular industries among investors. Crypto traders used Portugal's D2 visa tomove tothecountry and join thebenefits ofthelack ofcrypto regulations. To see this page as it is meant to appear, please enable your Javascript! The D2 visa essentially grants you the travel rights of all European Union citizens. [More Info]. D2 Visa - Visa for Entrepreneurial Emigrants - Almeida, Dias & Associados You need to provide evidence that you have the necessary financial capacity to support and sustain your company throughout the duration of your intended stay in the country. It depends on a number of things but your spouse/partner, children under your charge, dependent parents, and minor siblings are some of those who also get D2 Visa for Portugal after you. The2023 State Budget featured ashort section addressing thetaxation ofcryptocurrencies, which todate have been untouched bythePortuguese tax authorities, given that digital assets were notrecognised as legal tender. Who can get Portugal residence permits withaD2 business visa holder? To kick-start the visa application process, the following steps should be taken: The application process for the Portugal D2 Visa takes place in two distinct stages. Retirement incentives. Receive the latest news, travel information, stories, offers and more! Hi how are you The D2 Visa: Portugal's Residency Visa for Entrepreneurs & Independent Registration ofacompany inPortugal takes 24 hours. Portugal is a crypto tax haven, one of the last ones in Europe. In fact, by applying to the Portugal start-up visa, you may also apply to be incubated in one of the accredited incubators. Additionally, the creation of job opportunities in Portugal will significantly contribute to the strength of your application. But in our point of view, the D2 Visa is one of the best ways to get yourself in Portugal and pursue your dream. Additionally, a spouse requires an additional 50 percent of this amount (5,320.00), and an additional 30 percent (3,192.00) must be added for each dependent child. Managers and employees ofcompanies speak English, French and Spanish, which facilitates thedevelopment ofinternational relations inthecountry. Residency visas allow two entries and is valid for a period of 4 months . We can help you get your NIF and satisfy the mandatory tax representative requirements. Your IP: Almost all services are free in the SNS, but you might still need to pay for specific exams, no more than 5 to 20. It also offers the standard benefits of residency that everyone wants: ability to apply for Portuguese citizenship after 5+ years, access to the Portuguese health system, easier travel within the Schengen Area, and family reunification. Fast Application Process: The D2 Visa and residency application can be completed in just 4 to 6 months. And remember, the process can take some time, so start early and be patient. 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. - Valid medical insurance. Below we will explain each step and the requirements you must keep in mind. How toget Portugal residency byrefundable investments. This is because crypto is viewed as a form of payment, rather than an asset. Ontheappointed day, theapplicant submits documents foravisa and pays aconsular fee of90. Often referred to as the Entrepreneur Visa, the Portugal D2 Visa is intended for non-European Union and non-European Economic Area citizens. - Bank Account in Portugal with share capital duly received Get a fee concession for School going Children. Hello! Submitting the application online via the. This includes employment and self-employment income from activities of scientific, artistic, or technical character performed in Portugal. Portugal D2 Visa | Portugal PR and Passport - mygoldenpass Tax Benefits through Non-Habitual Tax Regime: Submitting your application But dont stress if you get your appointment after 6 months, for example. Residential and commercial premises are used forpersonal purposes or rented out. For a spouse, you must add 50% to this (4,230) and for a dependent child, you must add 30% to this (2,538). Free medical. 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. 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. Getnifportugal Links to external websites do not constitute an endorsement. This is one of the many types of Portugal Visa you may apply for in order to get your residence permit, live in Portugal and benefit from all the advantages that may bring you. And, because youre opening a company, youll probably need an accountant as well. Best Regards. Portugal D2 Visa - Pearls of Portugal - The best of Portugal on one site Your D2 Visa is only valid for 120 days, but if you carry proof that you have booked this appointment, you are good to go. already set up a company operating in Portuguese territory; or This tax regime allows you to transfer your tax residency to the country. This means that we have passed the strict Due Diligence checks carried out by the governments involved and received licenses from the governments of countries offering investment programs.