The D2 Visa, also commonly known as the Entrepreneur Visa, grants permission from Portugal for citizens of non-EU/EEA/Swiss countries to start a business in Portugal, develop entrepreneurial activities, or invest in Portugal. It was designed to promote foreign investment and attract freelancers, entrepreneurs, and independent professionals who can contribute to the Portuguese economy.

This guide provides an in-depth analysis of the D2 Visa, including its purpose, eligibility, application process, benefits, and required documentation.

D2 Visa Overview

The D2 Visa is a residence visa for foreign investors, entrepreneurs, and independent professionals who create economic activity, generate employment opportunities, and introduce innovation in Portugal. It is intended for:

• Individuals planning to establish a new business in Portugal.


• Business owners or shareholders looking to expand their existing businesses into Portugal.


• Freelancers and independent professionals who want to work in Portugal.

D2 Visa Eligibility Requirements

Applicants must meet specific conditions based on their category (entrepreneur, business owner, or freelancer). Generally, the following requirements apply to all applicants:

Business Plan

A detailed business plan is crucial for the application. It should include:

• Business model


• Economic viability


• Contributions to the Portuguese economy, such as job creation, innovation, or impact on the local market

Capital Investment

Applicants must demonstrate adequate capital investment to fund their business. There is no minimum threshold, but the capital should be sufficient to execute the proposed business plan. Funding can come from personal savings, investment capital, or third-party financing.

Proof of Means of Subsistence

Entrepreneurs must show proof of financial sustainability for themselves and any dependents. This can be demonstrated through:

• Bank statements


• Income proof


• Contracts or business revenue sources

Contribution to the Portuguese Economy

Applicants should highlight how their business will positively impact the economy. This may involve job creation, innovation, or fulfilling a market need (especially relevant for the Start-Up Visa).

D2 Visa Application Process

Applying for the D2 Visa involves multiple steps, both in the applicant’s home country and in Portugal:

1. Application Submission

Applicants must submit their application to the Portuguese Consulate in their country of residence. The application typically includes:

• Completed visa application form


• Business plan


• Proof of financial means


• Proof of accommodation in Portugal


• Other relevant supporting documents

2. AIMA Approval

The Agency for Migration, Integration, and Asylum (AIMA) in Portugal will assess the business plan, the applicant’s financial stability, and the economic contribution of their business.

3. Temporary Residency Permit

Upon visa approval, the applicant can enter Portugal and apply for a Temporary Residency Permit at AIMA. This permit is valid for two years and can be renewed if the business remains active and viable.

4. Renewal and Permanent Residency

D2 Visa holders can apply for permanent residency after five years of maintaining a valid residency permit. Additionally, they can apply for Portuguese citizenship after five years, provided they meet legal and language proficiency requirements.

D2 Visa Required Documents

Applicants must submit the following documents during the application process:

• Valid passport


• Business plan (including investment details, job creation strategy, and market research)


• Proof of financial means (bank statements, savings, investment funds)


• Proof of accommodation in Portugal (rental agreement or property deed)


• Business registration documents (if applicable)


• Professional qualifications and experience (for freelancers and independent professionals)


• Health insurance coverage for Portugal


• Criminal record certificate from the applicant’s home country

Frequently Asked Questions (FAQs)

1. What is the processing time for the D2 Visa?

Processing times vary, but it generally takes between 3 to 6 months for approval.

2. Is there a minimum investment requirement?

No fixed minimum investment amount is required, but applicants must demonstrate sufficient funds to establish and sustain their business.

3. Can family members accompany the applicant?

Yes, the D2 Visa allows family reunification, meaning spouses and dependents can join the applicant in Portugal.

4. Do I need to reside in Portugal full-time?

D2 Visa holders must reside in Portugal for at least six consecutive months per year to maintain their residency status.

5. Can I work in Portugal apart from my business?

D2 Visa holders are primarily expected to operate their business but may take on additional work as long as it aligns with Portuguese immigration laws.

6. What are the tax implications for D2 Visa holders?

D2 Visa holders may qualify for Portugal’s Non-Habitual Resident (NHR) tax regime, offering significant tax benefits for ten years.

Conclusion

The Portuguese D2 Visa is an excellent opportunity for entrepreneurs, freelancers, and business owners seeking to establish or expand their businesses in Portugal. With no fixed investment threshold and a clear pathway to residency and citizenship, it offers a flexible and accessible route to living and working in Portugal.

If you are considering applying for the D2 Visa, ensure that you meet all eligibility requirements and prepare a strong business plan to maximize your chances of approval. With careful planning, the D2 Visa can be your gateway to success in Portugal.