{"id":41179,"date":"2023-02-22T13:47:25","date_gmt":"2023-02-22T09:47:25","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=41179"},"modified":"2023-02-22T13:47:25","modified_gmt":"2023-02-22T09:47:25","slug":"the-portuguese-d2-visa-allowing-uae-entrepreneurs-to-expand-into-the-eu-seamlessly","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/the-portuguese-d2-visa-allowing-uae-entrepreneurs-to-expand-into-the-eu-seamlessly\/","title":{"rendered":"The Portuguese D2 Visa – Allowing UAE Entrepreneurs to Expand Into The EU Seamlessly"},"content":{"rendered":"

Portugal has a lot of different immigration options available, from its Residency by Investment route (the Golden Visa)<\/a>, its Passive Income option (the D7 visa)<\/a>, to its newly christened digital nomad visa. <\/span>\u00a0<\/span><\/p>\n

However, there is one option that is tailor-made for businesses that often goes unnoticed – the Portuguese D2 visa.<\/span>\u00a0<\/span><\/p>\n

Overview<\/strong><\/em><\/h3>\n

The D2 Visa is a temporary two-year residency permit available for self-employed people, freelancers, and independent services providers. It allows them and their families to reside, study, and work in Portugal.<\/span>\u00a0<\/span><\/p>\n

It\u2019s based on company formation, meaning a person will have to establish a company and actively manage it to maintain their residence. Alternatively, they can also invest in an existing Portuguese company on the condition they take up an active management role.<\/span>\u00a0<\/span><\/p>\n

The D2 visa has no minimum investment amount, but a person should have enough to register a company, make a sensible influx of capital to get it running, and enough money to support themselves for the duration of the visa.<\/span><\/p>\n

Find Out Six Mistakes That Can Delay Your Second Passport Application\u00a0<\/a><\/strong><\/em><\/p>\n

Registering a company in Portugal<\/a> can cost between \u20ac600-\u20ac1,800, depending on the company type and location. This includes registering the company in the Chamber of Commerce<\/a>, registering its official name, issuing a tax number, and opening a corporate bank account.\u00a0<\/span>\u00a0<\/span><\/p>\n

As for the company’s capital, the law requires different minimums depending on the type of company. A limited liability company or LDA, is the most popular company type, and it requires a capital share of no less than \u20ac5,000.<\/span><\/p>\n

\"Portugal

Portugal has a highly trained, tech-oriented workforce with a favourable average salary.<\/p><\/div>\n

In terms of maintenance funds, an applicant must show that they have sufficient cash to maintain themselves in Portugal<\/a> without recourse to public funds for the duration of the D2 Visa. As the visa is issued for a year, they will need to prove they have at least \u20ac9,120 for the applicant, another \u20ac4,560 for the spouse, and an additional \u20ac2,736 per child. This can be shown in a bank statement to at least cover a period of 12 months.<\/span><\/p>\n

Discover The 5 Reasons Why You Should Invest In European Residency<\/a><\/strong><\/em><\/p>\n

The D2 is renewed for three years depending on the business\u2019 activity and the income it derives, and if that income covers the maintenance fund requirement, then there is no need to show savings upon renewal. However, if the business does not yet make the required income amount, an applicant can simply show savings as proof of funds again.\u00a0<\/span>\u00a0<\/span><\/p>\n

The low investment threshold for the D2 Visa makes it an excellent option for those looking to expand their business into Portugal and, by default, the EU.<\/span><\/p>\n

The process is as follows:<\/span><\/p>\n