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What are the requirements for obtaining a visa to start a business in Portugal?

If you're looking to start a business in Portugal, you'll need to apply for the D2 Residence Visa, which is designed for entrepreneurs and independent workers. The primary requirement is proof of your business plan and the financial capability to support your venture. Typically, this means demonstrating sufficient investment funds and a detailed outline of your business operations. If you plan to purchase a rental property as part of your business, ownership or rental agreements must be included in your application. You’ll also need to provide a valid passport, health insurance, and a clean criminal record from your home country. The application must be submitted in person at your local Portuguese consulate or VFS Global service centre, where a thorough review of your documents will take place. Once approved, you’ll receive a temporary visa, allowing you to enter Portugal, after which you must schedule a meeting with SEF for your residency permit. The Portuguese government encourages entrepreneurship, offering several resources and support programmes to help you establish and grow your business successfully. Portugal’s vibrant economy and strategic location make it an excellent place to expand your business opportunities. Take the first step today by preparing your application and exploring the potential of starting your business in Portugal. Contact us for advice and assistance throughout the application process!

Monday, 11 December 2023 - Fiscal
What are the requirements for obtaining a visa to start a business in Portugal?

As the very successful ‘Golden Visa’ for Non-Europeans to achieve residency in Portugal came to an end this year, only ‘Golden Visas’ for investments and companies are still possible. Please ask for further information.

We introduce to you, this quick and easy guideline to entering Portugal and the options to stay.

 

You are a Non-Resident in Portugal:

 A Temporary Stay Visa is used for stays of over 90 days and up to 1 year, with multiple entrances allowed into Portugal.

A Residence Visa is for applicants that wish to stay in Portugal for more than 1 year. The applicant will initially be granted a visa valid for 120 days with up to two entrances into Portugal, followed by an appointment with SEF (Portuguese Immigration and Border Agency) in Portugal, to acquire a Residence Permit.

The Visa application must be submitted in person at the Consulate/VFS Global Services that serves the applicant´s legal area of residence.

 

Here are a few of the more popular categories listed below and some of the main qualifying criteria:

1. RESIDENCE VISA FOR SUBORDINATE WORK ACTIVITY - D1 is suitable for employees (the client needs to have a working contract or a promise of working contract with a company).

2. RESIDENCE VISA FOR INDEPENDENT WORK ACTIVITY OR MIGRANT ENTREPRENEUR - D2 is suitable for entrepreneurs, freelancers or independent service providers, entrepreneurs who want to start a business in Portugal, or who have a business in their own country and want to open a branch in Portugal. (Non Europeans could obtain a visa if they buy a rental property and reside there and work on an employment contract as they run a business. This can also apply to hotels and guesthouses, but requires an official rental licence).

3. RESIDENCE VISA FOR TEACHING PURPOSES, HIGHLY QUALIFIED AND CULTURAL ACTIVITY - D3 is suitable for highly qualified activities, such as research.

4. RESIDENCE VISA FOR RESEARCH, STUDY, STUDENT EXCHANGE, INTERNSHIPS, VOLUNTEER WORK - D4 and D5

5. RESIDENCE VISA FOR FAMILY REUNIFICATION - D6 is for family reunification, for those who already live in Portugal and want to bring their family. This is applied for in person at a SEF office by the resident of Portugal on behalf of their family member/s.

6.  RESIDENCE VISA FOR FIXED RESIDENCY FOR RETIREMENT PURPOSES, FOR PEOPLE LIVING OUT FROM PERSONAL REVENUE, FOR RELIGIOUS PURPOSES -D7 is the visa for retired people, or those who live off their own passive income.  You need to prove a passive income of the current minimum wage in Portugal for the first applicant and 50 % of that amount for a partner or parents plus 30 % for each child. The income can come from rentals, retirement, dividends, or investment. You also need either a rental contract or own a property in Portugal that you intend to reside in. After the first period of 120 days an applicant can obtain a residence permit for 1 year which can be renewed every 2 years. After 5 years it is possible to apply for permanent residency. You can travel throughout the Schengen territories. This program has relevant minimum stay requirements (more detailed information can be obtained from the SEF/VFS Global website).

7. RESIDENCE VISA FOR THE EXERCISE OF A PROFESSIONAL ACTIVITY DONE REMOTELY - “DIGITAL NOMADS” - D8 can be temporary or a residence visa, suitable for professionals who work remotely on their own account or for others in a foreign country and do not need a physical office.  Its main requirement is to have a monthly income of approx. € 3,040.

 

Sources: Portugal immigration guide: visas and residency permits | Expatica

Extending Stay/Visa – Website of Portuguese Immigration (sef.pt) / https://www.msn.com/en-xl/news/other/goodbye-sef-hello-aima-find-out-what-changes-in-this-guide/ar-AA1kLTBV

VFS Global handles applications from submittance of applications, processing and issuing of the visa for all countries. Important for the initial temporary visa which is called a stage 1 visa, SEF/AIMA only handles stage 2 visas after the person has arrived in Portugal on their stage 1 visa – followed by SEF/AIMA for the stage 2 visa, but there are also some exceptions.   www.vfsglobal.com     

Immigration office SEF / AIMA   https://imigrante.sef.pt/  

Who needs a visa - General information - Short Stay Visas (Schengen) - Visa (mne.gov.pt)

Schengen Visa: Requirements and Eligible Schengen Countries (etiasvisa.com)

 

We can recommend law companies and accountants to support you with all important information about the VISA POSSIBILITIES in Portugal.

 

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