Business Visa

The D2 Visa, also knows as Business or Entrepreneur Visa is the best option for those wanting to develop a business in Portugal.

The visa process may seem complex but, believe me, with a good guidance your Portugal plans will become real.

What is the Business Visa?

The D2 Visa (also know as Business or Entrepreneur Visa) can grant you the authorisation to move to Portugal, so you’ll be able to develop a business there.

There are still some misconceptions related to this visa, as it can be related to the development of a business (that requires the creation of a corporate structure in Portugal) or the exercise of a self-employed profession (freelancing).

We will talk about the business route in this page, but keep in mind that, no matter if you intend to develop a business or work as a freelancer, there is a need to pave the way before applying for the visa.

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Developing a Business

If you plan to apply for the D2 Visa (business route) you will need assistance to develop some activities, such as:

Create your personal tax number (NIF)

Create your personal bank account

Create the Business Plan

Create your Portuguese company

Finding the professionals to manage your company

Create the company’s tax number (NIPC)

Create the company’s Social Security number (NISS)

Create the company’s bank account

Apply for the Registo Central do Beneficiário Efetivo

Brand registration

Additional activities

Yes, there is a lot to do. So why not counting on Viv Europe to make your life easier?

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Some Advantages

You don’t need to rely on documents before starting the process (as you would need to prove passive income for the D7 Visa or an Employment Contract for the D1 Visa).

All of the business structure will be created by Viv Europe so that you can apply and be granted the D2 Visa.

You will also be able to develop your business while in Portugal and, therefore, structure your personal and business income according to a tax planning strategy.

As long as your business is regular, you won’t have to worry about the Residence Permit renewal, that will take place 2 years after your receive your first one.

The Documents

Personal Documents

  • Passport valid for at least 3 months after the expiry date of the visa (that will be valid for 4 months)
  • Two identical photos, Passport type
  • Updated proof of residence

Specific Document

  • Business Plan (not mandatory, but highly recommended) 
  • Structured Portuguese company
  • Certificate of Incorporation
  • Personal and Company’s bank account

Means of Subsistence

  • Bank statements with the updated amount deposited in bank accounts and investments in the country of residence.
  • Bank statements with the updated amount deposited in a Portuguese bank account
  • Copy of the last Annual Income Tax and the delivery receipt.

Criminal Records

  • Criminal Record Certificate (Criminal Clearance Records) from the country of origin or the country where the applicant has resided for more than one year.
  • Declaration authorizing the consultation of the Portuguese Criminal Record.

Other Documents

  • International Travel Insurance covering all medical expenses including urgent medical assistance and repatriation
  • Proof of accommodation in Portugal
  • Visa application form
  • Proof of being in a regular situation when the applicant has a different nationality other than that of the country where the visa is being applied for
  • Letter of intent

Additional Documents

  • According to Viv Europe’s lawyers analysis.

The Benefits

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Process Timeline

1 day

Service Agreement

Sign the Service Agreement.

1 day

Up to 2 days

Documents Legal Diligence

Legal analysis of the Client’s documents.

Up to 2 days

From 1 to 2 weeks

Personal Tax Number (as NIF)

Create the personal tax number (NIF) at Finance.

From 1 to 2 weeks

From 1 to 2 weeks

Bank Account

Assistance with the opening of the Portuguese bank account and the transferring of funds.

From 1 to 2 weeks

From 1 to 2 weeks

Company Creation

Company creation process at Portugal Conservatory (IRN), along with the hiring of an accountant and the company’s address.

From 1 to 2 weeks

Up to 1 week

Gather company’s documents

Applying for the RCBE and obtaining the Permanent Certificate.

Up to 1 week

Up to 1 week

Company’s bank account

Assistance with the opening of the Company’s Portuguese bank account.

Up to 1 week

Up to 2 weeks

Business Plan

Drafting of the Business Plan (according to the business details).

Up to 2 weeks

1 day

Signature of Statements

Sign the Approval for the Searching of Criminal Records and additional statements.

1 day

From 3 days to 1 month

Local Criminal Records

Obtain the local Criminal Records Certificate and the Proof of Regularity (when it’s the case).

From 3 days to 1 month

1 day

Letter of Intent

Drafting of the Letter of Intent.

1 day

1 day

Travel Insurance

Hire the International Travel Insurance according to the Visa’s requirement.

1 day

Depends on the Document

Proof of Accommodation

Obtain the document that proves accommodation in Portugal (according to the Consulate rules).

Depends on the Document

1 day

Documents Legal Revision

Revision of all documents for the application.

1 day

1 day

Visa Application

Apply for the D7 Visa at the Portuguese Consulate.

1 day
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Why Viv Europe?

Some reasons:

Frequent Questions

Yes, before starting a business in Portugal you’ll need to apply for the D2 Visa.

It is also important to emphasize that the initial activities for the development of a business, such as the preparation of the business plan, the creation of a company and open a bank account, must be carried out before the visa application.

Therefore, you will need to have a representative in Portugal to manage these tasks before applying.

To learn about the D2 Visa we strongly suggest clicking here.

It’s hard to appoint what are the most relevant documents for the D2 Visa application.

Those mentioned below are certainly important and must be obtained before the application:

  • Business Plan
  • Portuguese company
  • Portuguese bank account
  • Partner’s NIF
  • Company’s NIF
  • Company’s NISS

These are some documents that will be requested for your application.

There are some obligations that the entrepreneur must keep in mind before starting a business in Portugal, some of them are:

  • Create a company
  • Create a bank account
  • Pay in the share capital
  • Hire an accountant
  • Pay Social Security as a manager
  • Register the company’s brand
  • Pay the Corporate Income Tax (IRC)
  • Pay employee charges

All of these costs can impact the business treasury, so be aware.

Creating a company is not an easy task.

A lot of company information is relevant and can influence the business and obligations of partners, such as:

  • The extent of partner liability
  • The required approvals to start the business
  • The obligations related to the company itself
  • The tax to be paid

Therefore, we strongly recommend the assistance of a lawyer to provide this service.

After creating the company, you cannot go back, so consider talking to a specialist not make avoidable mistakes at this stage.

Below you can find some information that needs to be addressed in the Social Pact for the creation of a company in Portugal:

  • Company’s name
  • Social capital value
  • Social capital shares
  • Company’s object
  • Partners obligations

The development of a business in a member country of the European Union can expand its marketing region to all the countries that make up this block.

Therefore, buying and selling products within EU countries is easy, as no bureaucracy or tax-related costs are added.

That’s why importing beer from Germany or cheese from Italy is so easy.

Certainly there are also some difficulties, such as the language barrier, but the willingness to overcome them depends on the partner.

That’s a popular question.

Let’s face it, the Business Visa isn’t the cheapest way to obtain the Portuguese Residence Permit.

Those who apply for this visa are not so concerned with the cost of the procedure, but with the chances of business success.

See below the approximate costs you’ll have to face if you want to go for this route:

  • Create a company in Portugal – 400€
  • Transfer funds to your Portuguese bank account – 8,000€
  • Hire an accountant – 200 to 250€/monthly
  • Pay company’s Social Security – 300€/monthly
  • Hire the assistance firm to obtain the D2 Visa – Variable
  • Rent the business address – Variable
  • Costs related to the development of the business – Variable
  • Employee costs – Variable
  • Public agencies fees – 400€
We can notice that there are many costs related to the development of the business, but depending on the way it is developed, together with the Residence Permit, the partner can receive its profits.