Portugal Golden Visa Changes 2023 [Updated April 29], Golden Visa Investment Funds Route (500K), Golden Visa Hotel Projects Route (280K-350K), Cultural Production Golden Visa: From Just 200K, HQA Investor Visa for Research-Driven Startups (175K), 11 Reasons to Move to Portugal From the US. We recommend this option if you still need to meet the criteria for a D7 visa (permanent income) or Digital Nomad (remote work income over 3040 per month). If you have a criminal record, it is recommended that you seek the advice of a lawyer. At the end of 5 years, the applicant will be eligible for permanent residence or Portuguese citizenship. The request for a Residence Visa to exercise an independent professional activity or to become an immigrant investor (visa D2) is normally issued to the applicant in his country of residence through the Portuguese Embassy or Consulate. Pay attention to the following costs: To submit a D2 visa application to a Portuguese Consulate, it is necessary to proceed with the elaboration of a business plan, identifying the objectives and the way the investment value will be used. The biggest advantage for digital nomads is that they have the freedom to work in any industry they wish. Can a D-2 visa holder work in other European/Schengen countries? Unlike the Golden Visa, youwontneedtomake aheftyinvestment in Portugal to get the D2 visa. The Portugal D2 visa is designed for people who want to open a new business in Portugal, set up a Portuguese branch of an existing business, or move to Portugal to run a business that's already here. ; Do not pay social security for the first year (starting from the second year, pay only 21.4% of profit per month); Pay taxes under the simplified regime at a reduced rate of 20% (it is essential to register for NHR in time); You don't have to have an accountant, but it's advisable to have one-Work without VAT (IVA here is 23%), if your annual income does not exceed 12,500 ; Specify any bank account with a European IBAN during registration, although it is recommended to change it to a Portuguese account later; You need to have a VAT representative in Portugal to start a company; Pay all taxes and social security (33.74% of monthly income per person, including yourself); Hire a certified Portuguese accountant (costs around 150 per month); Open a corporate bank account in addition to a personal account; Bonus: Most personal expenses can be written off as company expenses (e.g., food, gasoline, air tickets, etc.). The NIF process takes 3 to 10 business days and costs from 89 to 120, depending on the type of service. A residence permit is usually valid for 1 year after which it can be extended twice for 2-years each. Ifyoureon the D2independent serviceproviderrouteanddelivering a high value activity,itscertainlyworth applying for NHR. The residence card is ready.On average, you can wait 2-3 weeks for the arrival of your ID card. I have a prepared a note containing the actual rules and law governing the D2 visa. The main criterion to obtain this visa is proof of a monthly income that equals four times Portugals minimum wage. There is no minimum investment required for the D2 visa. The Portugal Start-Up Visa is also known as the D2 visa. ABU DHABI PORTUGAL CHECKLIST RESIDENCY VISA (D TYPE) D2 Independent Professional Activity or Migrants Entrepreneurs Remarks Applicant's Signature: Date: _Submission Officer: October 2019, Ver0.1 First, determine how documents should be submitted in your country - directly at the consulate or through the VFS Global visa center. Starting a company or becoming self-employed is required. The NIF is a Portuguese tax number and the first thing you should get if you plan to immigrate to Portugal. Is it possible to use medical services, education, benefits in public institutions? Are you eligible for D2 Visa? The same rule applies if you become residentin Portugal withthe D7 visa. Proof of address outside of Portugal, from your "home country" (a bank statement will do). After completing the relevant documents, the company registration takes one to two working days. There is a need to demonstrate the availability of 30% of the minimum wage for each child. We assist customers in estimating their prospects of receiving a visa, preparing clients for Visa interviews and providing feedback, and designing a unique immigration strategy plan for each client individually. Discover the best neighborhoods of Porto. The D2 Visa, also known as the Immigrant Entrepreneur Visa for Portugal, is a type of visa for those outside the EU and Schengen Area who would like to open an investing activity in Portugal. The D7 Passive Income Visa differs from the D2 Business Visa and the new visa for digital nomads. Something went wrong while submitting the form. You can edit the form if necessary before submitting., 3) Application Form: Fill out the application form using Latin letters. Getting Portuguese citizenship also requiresyou to havea minimal commandof the language. Additionally, you must have sufficient funds to support yourself and any dependents. The essay is not a compulsory requirement, but a well-written motivation letter can positively impact the response.. By Aisha / September 15, 2022 Obtaining a Portugal digital nomad visa is becoming increasingly easier, especially in the age of advanced remote working. You're almost there!, Step 4. The IAPMEI will render a decision on the application in about 30 working days. Promise or a Service Agreement. This is given the fact that all rules are met, and youve compiled each of the correct documents properly. How much taxes do I have to pay after setting up a company in Portugal? Here at Digital migr,we get a lot of enquiries about PortugalsD7passive income visaandGoldenVisa. Portugals minimum salary is roughly 7,200; however, it varies from year to year. View our, The NIF (Nmero de Identificao Fiscal). Youll also need proof of having suitable accommodation in Portugal. D2 visa holders and their dependents can live and work in Portugal and fast-track their application for a residence permit. Ithas fewer requirements compared to the entrepreneur route. You don't have to pay anyone to do it if you're already in Portugal, as it's not a complicated process. However, digital nomads also have the option to move to Portugal with the Business Visa (D2 Visa), and there are several perks to that. D2 is a business visa. Obtaining the Certificate: Request the certificate in paper format from your country, then obtain an apostille, translate it into Portuguese, and have it notarized by a notary. The D2 visa essentially grants you the travel rights of all European Union citizens. The D2 resident visa in Portugal is a visa for entrepreneurs who prepare to invest in the Portuguese economy by managing a company on the territory of Portugal. It is mandatory to procure user consent prior to running these cookies on your website. Can I open a company without a personal presence in Portugal? As a Portuguese resident, you can travel visa-free to 26 other EU countries for business or pleasure. 2300-531 Tomar, Portugal 7. We can be your representative and get a NIF for you. You can circulate freely without a visa. sef contact centre 8 a.m. to 8 p.m. contacts. You can find more specific information on the VFS Global website and locate a Visa Application Centre near you. At a time when you can work from anywhere, more countries are opening their visas to those who are self-employed, those who work as freelancers, and entrepreneurs. Global Talent endorsements, Finally! (ADVANCED TIPS plus switching from the innovator visa or skilled worker visa), You dont have any dependents (NHS Health Surcharge). Butyoullneed to be a Portugal tax resident to get NHR status. It might be anything from a caf, restaurant, or guest house to a technology firm or an import-export company. The documents necessary will depend on your path to citizenship and will differ if you choose to go the visa route. Global Entrepreneur Programme: start up visa and innovator visa. Declaration issued by the Agency for Competition and Innovation (IAPMEI) proving that the applicant has an incubation contract with a recognized incubator. 1 1 Visa applications completely filled and duly signed by applicant 2 A recent color photograph (2X2) must accompany the application form 3 Certified copies of passport or official travel document valid for at least 3 months beyond date of intended stay in Portugal. The first type of partnership involves a minimum of two partners, while the sole proprietorship consists of a single partner. A bank statement. You also have the option to opt-out of these cookies. Yes, you can apply for all D visa categories with your family. However, you must present proof of income. 5 Tips for International Students To Identify A Fake University In The USA, Indian Students Studying Abroad The Latest Statistics, The applicant must be over the age of 18 years, The applicant must not belong to any of the Schengen countries, The applicant must not have been a Schengen regular resident in the recent few years, The applicant must prove the ability to maintain at least 5,147 in their bank account for the past one year. Find out more about the D2 Residency Program below, or contact us now for more information. 2) The second stage is with the immigration authorities (SEF) within Portugal. If you match the requirements, getting a visa takes roughly 180 days on average, with a decision usually arriving within 60 days of completing your application. We have already helped hundreds of immigrants to obtain resident visas. The most important thing is to arrive while your visa is still valid. Pelican migration consultants with years of expertise can assist you in making your journey easier to navigate, Regardless of where you now reside in the country or region. Proof of income for the past three months; Contract of employment (or proof of self-employment). Create your company strategy first, then gather all of the essential paperwork. 1) Register to apply by entering your personal information and attaching the required documents., 2) Upon completion, a PDF file containing the application form will be sent to your email. However, if youre someone with a stable stream of passive income looking to freelance in Portugal, the D7 works well. If the decision by the IAPMEI is unfavorable, the applicant has up to 10 days to appeal the decision after which the IAPMEIs decision will be considered final. What is the success rate for the UK innovator visa? Unlike the start-up Visa, which is intended for technology or startup-type firms, the D2 Visa has no restrictions on the sort of business you can start in Portugal. Opening a company has some associated costs, which cannot be forgotten by those who intend to undertake in Portugal. Get in touch to turn your dream into reality now! It depends on several factors. Buy or Rent property Real Estate Agents in Portugal Our major purpose at Pelican Migration Consultants is to provide you with all of the knowledge you need to make the best possible decisions. 712, Mooca A D2 visa is applicable for the individuals willing to open or contribute to investment activity in Portugal. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The Portugal D2 offers both a road to Portuguese citizenship and a way of life in Portugal. Portugal has been one of the natural destinations for this emigration, due to factors such as language, historical and family ties and the presence of a strong international community. 2. You can apply for this visa only at the Portuguese Consulate in your country or the country of your residence. The program, also known as the Portugal Residence Permit for Entrepreneurial Immigrants or the Portugal Entrepreneur Visa, is quickly becoming popular among non-EEA business people looking to live in Portugal. Some of the most popular banks in Portugal are: Read more about how to open a bank account here., What's better: company or self-employment?. To start the application process, the applicant must register himself/herself on the IAPMEI website and upload the following documents to their profile: This will be shared with all the incubators. The Portugal D2 Visa is one of Europes most basic entrepreneurial residence schemes. You can circulate freely without a visa. The answer here is subjective to your kind of lifestyle. An attractive method is an example of an arrow and two signs. Visa application form (minimum 3 months validity for the duration of the stay) Two up-to-date passport photos of acceptable quality. Brazil That meansyoullget preferential tax treatment on most sources of income, all the way to Portuguese citizenship and beyond. Passport or additional travel document valid for at least 3 months after the duration of the stay; 4) Select Consular Office: In the "Consular Office" section, select the line for the Portuguese Embassy in your city/country. Hence many use this opportunity to expand their businesses worldwide without keeping an inventory in every location. Additionally, getting a residence visa with a different option the Passive Income Visa (D7 Visa) is also possible. Evidence of a means of sustenance This usually entails a full-time yearly pay, plus half of that for your spouse and 2,160 for your children. Letstake a lookat what each one involves. Oops! Thatscurrently 740per month. No, a D-2 visa is issued only at the Portuguese consulate in your country or the country of your residence. These are some standard documents and conditions for applying for a residence visa. You must spend at least six months in a row or eight months out of one year in Portugal. The main applicant must have a minimum salary of 100% of the annual . Whats more, the HQA is a low-risk investment, because your whole investment is refundable if your visa application fails. 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. Once the visa is granted, you will be scheduled to visit the SEF. can be your representative and get a NIF for you. The D2 visa itself is valid only for 4 months. Theres nothing harder than picking your forever home among the top 10 best places to retire in Europe. However, you still need to demonstrate the value of your business to Portugal by securing contracts or agreements with local companies. There are two different types of D2 visa. 7 tips for your Personal Statement for the UK Global Talent visa, Non EU family members of EU citizens in the UK after Brexit. Compare which country is better for expats to live in. This visa is valid for four months. To retain your residency and be eligible for permanent residency, you must spend at least six months in Portugal continuously (or eight months with interruptions). One of the visas that has attracted the most attention from foreigners is the visa for Entrepreneurial Immigrants Better known as the D2 visa, the visa for immigrant entrepreneurs is the option for those who intend to engage in investment activities in Portugal, through the establishment of a business activity in Portugal. To advance further with the application, at least one incubator must show interest in the project. For D2 visa, you need to write about your Portuguese business, prove that you can generate income, demonstrate how the company will bring value to Portugal, and show that you have sufficient funds to support yourself. The Portugal Digital Nomad Visa has gained rapid popularity after Lisbon was ranked as the #1 city for digital nomads. For this, you can use a rental contract, deeds to the property, oraletter from a friend or relative who is already a legal resident of Portugal,invitingyou to stay with them. How long is the life in the uk test valid for? But from July 2022 this is no longer needed, but it can still make the process of obtaining the NIF easier. 3. Is it possible to enter Portugal on a tourist visa and start applying for a D2 on the spot? When applying for a residence permit at the SEF office, you may indicate that you will personally retrieve it, which will incur an additional cost of 25.. Relocating to the second capital of Portugal doesnt have to be an uphill task. This visa allows the applicant to obtain permission to stay and work in the country. However, if your job needs you to go outside of Portugal, there is a certain degree of leeway. (its not necessary game over), Apply before its too late! These factors include but are not limited to, the validity of your documents, proof of exact income, and contract compliance. The Portugal D2 Visa, also known as the Entrepreneur Visa, is aimed at providing residence authorization to non-EU entrepreneurs, freelancers and independent workers. Keep reading to know how they can solve this problem now! If I open a company in Portugal, can I hire and call employees from another country? Some platforms charge a commission, but the contract could be terminated at any time if you do not plan to live in rented housing. D2 Visa D7 Visa Portuguese Citizenship Application REAL ESTATE LAW Corporate Law TAX LAW Labor Law FAMILY LAW Specialization Services Non Habitual Resident Incorporation of Portuguese Company Driver's License Exchange Recognition and Enforcement of Foreign Decisions General Property and Personal Taxes Purchase and Sale of Real Estate in Portugal Both are excellent routes into Portugal andwill allow you to gaineventual Portuguese citizenship. Samantha North has emigrated several times, most recently to Portugal in a quest to regain EU citizenship after Brexit. Following the acceptance of the application for a residence permit in Portugal, the applicant is granted a Freelancer's Visa D2. The entrepreneur visa Portugal application fee for dependents is 1,000-2,500. NHRalso offers preferential tax treatment for those with income sourced from within Portugal,providedtheir area of work is included on Portugals list of high added value activities. The original passport must be submitted once the visa is approved 4 There is a new visa that is specifically designed for remote workers and freelancers who want to live in Portugal. The specific offense and the time since the conviction may impact the decision regarding your visa. D2 Visa How To Get A Portugal Startup Visa, Everything You Should Know About The European Travel Information And Authorization System Or ETIAS, Everything You Ever Wanted To Know About Schengen Visa, Thailand Smart Visa -The Visa You Need to Set Up a Business in Thailand, Live And Work In The UK Using The UK-India Young Professionals Scheme, How To Apply For Australias Global Talent Visa Program, 5 Employment-Based Immigrant Visa Preference Categories For The American Green Card, 9 Countries Indians Can Easily Get Permanent Residency, OCI Card For Infants - How To Apply For An Childs OCI Card, Top 10 Countries Where You Can Immigrate and Settle Easily. When in Portugal, you will need to collect the same documents as if you were to apply for the D3 Visa in order to receive your Portuguese Residence Permit. However, depending on your specific situation and other discretionary matters of the immigration office, it may take longer. Information can be found here. But do bear in mind that this amount will barely cover your monthly rent in apopularcity like Lisbon,Portoor Funchal. Highly recommended !! How to import a car to Portugal: Is it worth it? Temporary stay visas allow entry and stay in Portugal for less than a year. Your submission has been received! Lets guide you! Visa curtailed example timeframe its not necessarily 60 days! Once the applicant has successfully got his/her visa, the applicants family can be sponsored through a family reunification visa. We also use third-party cookies that help us analyze and understand how you use this website. However, these are the documents necessary for Portuguese citizenship through naturalization: Passport; The main objective of this visa is to raise external resources as a way to foster the Portuguese economy. Visa Exemption The Portugal D7 Visa allows you to enter Portugal and the Schengen area (26 EU countries). Co founders: which UK visa route is best? Hence, the applicant will need to travel to Portugal within the time frame and start the process of applying for a residence permit. Praa da Justia, n. 168 - So Victor, 4715-125 - Braga - Portugal, designed for remote workers and freelancers, FAQ on Working as a Freelancer in Portugal, new visa for freelancers and digital nomads, Facebook Group All About Portugal For Expats, How To Choose A City To Live In Portugal? temporary and permanent residence permit l eu blue card l data amendment. Viv Europe will assist you in all activities related to your moving to Portugal. In 2022, the value corresponds to 211.50 per child. Step 2. The D2 Visa Program, on the other hand, allows you to launch a technology-focused firm. Request more information here. Tax Filing In Germany For International Students Do All International Students Need To File Tax? Thatincomecould comeeither from a locally incorporated company (for the entrepreneur route) or from contracts with clients (for theindependent service providerroute). 1. With so many visa options, which one should you go with? Family Perks The Portugal D7 Visa allows you to request family reunification once you have your visa. However, it is important to demonstrate to the consulate a clear plan of your project and a financial/investment plan. In light of that, the D2 is also known as the Entrepreneur Visa. You may choose to try again later with the proper documents and timing. Your Portugal D2 Visa and residence application can be processed in as little as 4 to 5 months. If you work remotely to deliver services to clients outside of Portugal, then the D7 passive income visa could also be a goodoptionfor you. Minor Outlying IslandsUgandaUkraineUnited Arab EmiratesUruguayUzbekistanVanuatuVenezuelaVietnamWallis and FutunaWestern SaharaYemenZambiaZimbabwePrefer not to reveal, Current SavingsAED 10K - AED 20KAED 20K - AED 30KAED 30K - AED 40KAED 40K - AED 50KAED 50K +, Salary RangeLess than AED 3000AED 3000 - AED 10,000AED 10,000 - AED 20,000Greater than AED 20,000. Hiring an agent is not obligatory, but a professional may help ease the search and communication with the landlord. Entrepreneurs who want to open a company in Portugal; You must submit proof of income for the past three months, your tax residency documents, and a contract of employment or proof of self-employment along with your application. CERTIFICATE AND RESIDENCE CARD. You can apply to bring your family to Portugal based on family reunification if you can show marital and blood relations, as well as the resources to accommodate and maintain your spouse and dependent children. Did you know digital nomads also relocate to Portugal with their entire families?