D2 Business Visa

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Portugal D2 Entrepreneur Visa

The high standard of living, safety, lower cost of living, pleasant climate, well-educated workforce, lower labor costs, and lower corporate tax rate compared to many other EU countries have made Portugal an attractive destination for people who wish to launch their business or start-up or want to travel and trade more easily within the EU market. Portugal is also an ideal location for digital or technology-focused businesses due to its world-class infrastructure.
The D2 or the Immigrant Entrepreneur Visa is for entrepreneurs, freelancers, and independent service providers from outside of the EU and Schengen Area who wish to start (or transfer) a business or startup, or have already invested in a business, in Portugal. If your application is approved, you will be granted residency in Portugal. This will entitle you to live and work in Portugal. It also allows you to travel (but not to relocate) within the Schengen area for work or leisure.
The D2 has several advantages as compared to other European entrepreneurship visas. Unlike the Golden Visa, there are no minimum amount requirements. Although, most immigration firms would advise you to invest at least €5,000 worth of capital to demonstrate the credibility and viability of your proposed business plan. The more money you put into your company, the better your chances of getting a visa. Although this is not a free investment, it is a reasonable amount for many entrepreneurs. The D2 visa is directed at small and medium-sized businesses. Since the main objective of this visa is to raise external resources to help the Portuguese economy develop, you must have a solid business plan.

Who Is Qualified to Apply?

The D2 Visa is open to non-EU/EEA/Switzerland citizens who:

  • either want to start a business in Portugal
  • or already have a business running in Portugal, but have not yet applied for the vis

Requirements for the D2 Visa

You must meet all requirements that are set by the Portuguese Government. Your application will be thoroughly and carefully reviewed by experts.

So, you must have:

  • a solid, well-structured Business Plan
  • a viable business
  • sufficient capital (Social Capital)
  • solid business reasoning for the creation of the business
  • proof of the financial resources to support the setup and growth of the business
  • proof of experience and connections of business managers in the proposed business area

You must have a solid background for your business proposal. It is not uncommon for visa applications to be refused.

 You do not need to speak Portuguese to get the visa, but it is a good idea to learn if you plan to do business with Portuguese companies or people.

Application Process for the D2 Visa

First, create your business plan and gather all necessary documents. Then, you must contact the Portuguese Embassy or Consulate in your home country and submit a D2 Visa application.

To support your application, you will need the following documents:

  • visa application form
  • passport (minimum 3 months validity for the duration of the stay)
  • 2 updated good quality passport photos
  • valid travel insurance, with sufficient medical coverage that includes emergency medical assistance and repatriation
  • if you are not a citizen in the country where you are residing, you must provide evidence that your situation is legalized.
  • criminal record certificate for you and your dependents aged 16 or over, issued in the last 3 months