Portugal
Portugal offers attractive tax regimes and residence permits to people who wish to invest or simply to relocate permanently. Portugal has attractive tax policies for these who plan to live and work indefinitely, as well as attractive residence and employment permits for investors and others. Portugal ranked third among all countries worldwide with an economical health system, according to the World Health Organization, which had Portugal at number twelve with the world’s best accessibility. On average, the cost of living in Portugal is considerably less than in various other countries in Europe.
What is the D2 Visa?
The D2 Visa is a gateway to Residence in Portugal through one of these.
Three entrepreneurial types of investment:
- Business Investment in Portugal
- Set up a Business in Portugal.
- Freelancer Work in Portugal.
D2 Visa Validity
- The D2 Visa is a temporary Residence Permit valid for a period of 2 years, renewed for periods of 3 years.
- This permit obliges to a minimum stay of 6 months a year, plus 2 months in each period of its validity (provided that applicants do not leave the country for more than 6 consecutive months). However, longer absences are allowed if due to professional, cultural, or personal reasons.
- After a minimum period of 5 years, the applicant may apply for a Permanent Residence Permit, which requires basic knowledge of the Portuguese language, a Portuguese address, and a clean criminal record, or apply for Portuguese citizenship, with the same requirements as the former with an additional demonstration of existing connections and ties within the Portuguese Community.
Portugal D2 Visa Requirements
- Deciding to invest a certain amount of money even though the law does not stipulate a amount. Choosing to open a store, restaurant, or other significant venture as an introduction to investments is in your best interest.
- The cost of incorporating a company will include monthly expenses, such as social security, accounting, work insurance(s), taxes, and other costs relevant to the location of business.
- *When renewing, the applicant will have to prove to have invested or done something professional in Portugal.
- Applicant must provide documentation showing that they have a Portuguese address, such as by getting, renting, or borrowing a home, or by an invitation letter, written by a citizen with legal residence in Portugal, stating that they will provide housing for the applicant.
Three Entrepreneurial types Of Investment
- Investing in a Business in Portugal
- Applicants must prove one of the following:
- To make an investment operation in Portugal, or.
- To have financial resources available in Portugal (including financing obtained from a financial institution in Portugal). More importantly, the financing must demonstrate its intent to be used to invest in operations in Portuguese territory.; or
- To have developed an entrepreneurial project, including the creation of an innovative base company, integrated in a certified incubator under the terms defined by order of the Government members responsible for the areas of internal administration and the economy.
- Working as a Freelancer in Portugal
- Applicants must prove one of the two:
- To have signed a services contract to operate a liberal profession, and a statement from the professional organization, with evidence of its registration (whenever applicable); or
- To have been registered before the Tax Authorities as a self-employed.
- *At renewals they must prove that they are performing a professional activity either through a services contract or green receipts.
- Building a Company in Portugal
- Applicants must prove the following:
- Applicant must establish a company in Portuguese territory, proof is required.
- Applicant must register the company at Social Security and Tax Authorities, proof is required.
*At renewals they must show proof of company activity (payments received, invoices, etc.)
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