RESIDENCY FOR SELF EMPLOYED & IMMIGRANT ENTREPRENEUR
COMPANY FORMATION IN 3 DAYS
RESIDENCY APPLICATION IN 30 DAYS
D2 Visa for Portugal: Residence Visa for Immigrant Entrepreneurs
The D2 visa also called the Visa for Immigrant Entrepreneurs, gives resident status to immigrants who plan to involve themselves investment activities in Portugal. The legal basis for this type of visa can be found in article 60(2) of Law No. 23/2007 from July 4, and regulated by article 31(2)(3) of Regulation Decree No. 84/2007 from November 5. and Paragraph 2 of this article 89 was amended by Law no. 59/2017, pf07/21 and fourth amendment to the Aliens Act in force since 1st August’ 2917.
In basic terms, the investment must be made by way of a company that one wishes to establish in Portugal, in the scope of a well-defined business plan, which will be judged above all, on an investment level, for it’s prospective economic, social, scientific, technological, or cultural relevancy.
Why is Portugal for you?
Gateway to Europe
Working in Portugal gives you access to the worlds’ highest disposable income consumers. You can trade and work freely with other 27 European Union countries without any borders or restrictions. Portugal truly is a ‘Gateway to Europe’.
Low Cost of Labor
Although being an EU country, in Portugal you can get access to the cheap and skilled labor market. The minimum salary is 560 euros*. This is a reflection of the low cost of living in Portugal.
Low Corporate Tax
Income derived from real estate is subject to a tax rate of 10 percent. Some types of capital gains, such as those derived
from the transfer of shares, are, in some cases, tax exempt. The corporate tax rate in Portugal is 21%, It was lowered by 2% from 23% in 2015 as a part of tax reforms.
Portugal has a thriving economy with many great opportunities. The sectors that have picked up in last decade are food, hospitality, automotive, IT, chemical real estate and allied services, manufacturing and trading. Portuguese government offers incentives to start-ups and have laid down many business-friendly policies.
Portugal has completed 100% of its TEN-T Core Road Network. And the quality of the Portuguese road infrastructure is rated among the best in the European Union. Ratings are also positive as regards the quality of Portugal’sairport, port and railway infrastructure.
Safe & Secure
Compared to other EU countries, Portugal is relatively very safe. Portugal offers a safe conducive environment for expats to live and prosper. There is a very low crime rate and is rated very highly in terms of women and child safety.
Steps to Obtain Residency in Portugal
PRISMAAT makes it very simple for you and your family to obtain European Residency in 180 days or less
Securing NIF or Social Security Number
Documents required are an Application form; Copy of Representative’s Identification Document; Copy of interest party’s passport, authenticated by an official Portuguese consulate official.
Time of Wait: PRISMAAT can help you secure NIF no. in 1-2 working days.
Opening Bank Account & investment
Documents required are NIF (either proof of one or the actual issued document);Passport ; Other documents, to the bank’s discretion.
Time of Wait: With PRISMAAT’s relations with leading banking institutions, we can help you open an account 1-2 working days.
Company Formation in Portugal
Documents required are NIF (either proof of one or the actual issued document);Passport; Power of attorney;
Time of Wait: PRISMAAT’s team can help you form a company with 2 working days including draft resolution and articles.
Once your company is established and bank account is operational, our team of immigration lawyers draft your business and financial planbased on the information you provide about your business.
Time of Wait: This process usually takes 30-45 days from the date of company formation
Appointment at Immigration Office
The completed dossier is carefully prepared and submitted to make an appointment with the immigration authorities.
Time of Wait: This process usually takes 30-45 days from the date of dossier preparation
Representation at Immigration Office
On the date of appointment with immigration office, you have to be present in Portugal. The interview is straight forward and our lawyer will be present in the room.
Time of Wait: 30-45 days from the date of submission of dossier
Issue of Residency Card
Once the decision is made and is positive, you are invited to the immigration office for issuance of a 1 year residency card renewal every 2 years leading to a Portuguese passport in 5 years. Your bi-metrics are done on this day.
Time of Wait: 60-120 days from the date of submission of papers.
Note:This time may vary due to high volume of application in Portugal.
After your Portuguese Residency card is issued, your family (wife or husband and kids) can be re-united within 90 days. ODI can help you make the application and secure residency cards for your family.
Time of Wait: Usually within 10 working days from the date of application