D2 Visa Portugal Entrepreneurs

D2 Visa Portugal -Entrepreneurs

Residence Permit for self-employed Workers

The D2 visa also called the Visa for Immigrant Entrepreneurs, gives resident status to immigrants who plans to involve themselves into investment activities in Portugal. The legal basis for this ‘D’ type 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, you have to establish and invest in your company in Portugal, pay social security, have at least a minimum salary, own no debts and no criminal records, in the scope of a well-defined business plan, which will be analysed by the authorities, on an investment level, for it’s prospective economic, social, scientific, technological, or cultural relevancy.

HOW CAN WE HELP

PRISCO’s legal team can assist you to start a company and get all your residency affairs in order, providing a one-stop shop for all your needs in connection with your relocation to Portugal.

Our aim is to provide you with a smooth landing in Portugal, based on your requirements,  providing  guidance, information and assistance to investors and those looking to relocate to Portugal, successfully acquiring visas for families and individuals.

COMPANY FORMATION

Public and private limited liability companies can be easily set up in Portugal, following these steps:

• Verify the business name and make a reservation with the Portuguese Trade Register.
• Appoint a legal representative for your company in Portugal.
• Draft the Articles of Association with information about the owners, business activities, etc.
• Open a bank account for depositing the share capital of a minimum EUR 1,00.
• Apply for licenses and permits in accordance with the company’s activities.
• Register for tax purposes and social contributions in Portugal.
• Appoint an official accountant (mandatory).

Documentation required:

All documents must be in English (or translated into English by a certified translator)

The entire process and timeline are divided in the following 7 steps:

1) Signing our services agreement, payment of retainer fee, and submission of personal information package.

• Proof of address (translated into English by a certified translator),
• Passport valid for more than 6 months beyond the planned departure date,
• Criminal records certificate, issued less than three months from the time of submission (from the country of origin or where the applicant lives or has lived for more than a year), authenticated by the respective Ministry of Foreign Affairs.

In case you are not able to come to Portugal to begin your process, we can incorporate your company and apply for the personal documentation by power of attorney, it will take up to 3 days to be issued and fully incorporated.

2) Appointing our lawyer as legal representative, signing our Power of Attorney to obtain your TAX number – NIF.

3) Drafting the articles of association with the information about the owners, business activities, registration of a commercial company name, incorporation of the company, virtual office registration, opening a private and corporate bank account, registration with the NISS (VAT/Tax), minutes book, and registration of starting activity.

4) Obtaining the documentation response from the government bodies. (This wait period could take up-to 15 days, it is subject to government processing times and is not under our purview.)

5) Our dedicated lawyer will create an online immigration account at S.A.P.A., and submit all the required files.

** You must be already in Portugal for this step and must remain in Portugal until step 7 is completed.

6) Awaiting immigration office validate your residence permit application request. Once confirmed, the immigration office will send you an email confirming your request . We need to choose the nearest available location, date and time for your appointment.

7) On the appointment date you need to show all requirements file. We will obtain recent copies of all documents in order to present to the immigration office. The officer will collect your biometrical data and make a digital photo. After the interview you will receive a protocol number and a declaration that you have to wait a decision within 60 days. They will mailing your Residence Permit Card to your home address. Time may vary, subject to government processing times.

Total entire process time from obtaining the D2 Visa, personal documentation, company formation and residence permit application is around 8 to 12 months, vary case by case, subject to government processing times.

Family Reunification

As soon as you receive your residence permit, permanent or temporary, you also need to provide documentation of sufficient funds to support your family and you will also be responsible for providing accommodation for your family members.

AoZ Serwis Plus can also help you to make the family reunification and secure residency cards for your family.