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dubaiUnited Arab Emirates, April 22, 2023 /PRNewswire/ — There are many different immigration options in Portugal, from residency by investment (Golden Visa), passive income options (D7 visa) to the newly named Digital Nomad Visa.
However, there is an option tailored for businesses that are often overlooked – the Portuguese D2 visa.
overview
The D2 visa is a two-year temporary residence permit for self-employed persons, freelancers and independent service providers.It allows them and their families to live, study and work Portugal.
It is based on company formation, which means that a person must establish a company and actively manage it in order to maintain a domicile. Alternatively, they can also invest in existing Portuguese companies on condition that they assume an active management role.
There is no minimum investment amount for the D2 visa, but one should have enough money to register a business, a reasonable infusion of capital to get it going, and enough money to support themselves for the duration of the visa.
registered company in Portugal Fees may vary between EUR 600 and EUR 1,800, depending on company type and location. This includes registering the company with the chamber of commerce, registering the official name, issuing a tax number and opening a company bank account.
As for the capital of the company, the law requires different minimums depending on the type of company. A limited liability company or LDA is the most popular type of company and requires a share capital of not less than EUR 5,000.
In terms of maintenance funds, applicants must demonstrate that they have sufficient cash to support themselves Portugal No recourse to public funding during the validity of the D2 visa. Since the visa is issued for one year, they need to prove that the applicant has at least €9,120, the spouse has €4,560 and each child has €2,736. This can be shown on bank statements covering at least a 12-month period.
D2 is renewed for three years, depending on the activity of the business and the income it receives, which does not need to show savings at the time of renewal, provided that income meets the maintenance fund requirements. However, if the business has not yet reached the required revenue amount, the applicant will only need to show savings again as proof of funds.
The low investment threshold of the D2 visa makes it an ideal choice for those looking to expand their business into Portugal And, by default, the European Union.
The process is as follows:
- register a business Portugal.
- Open a bank account.
- Gather relevant documents, fill out the application form, and draft a business plan.
- Submit the application and business plan to the local Portuguese embassy.
- Once approved, applicants will be issued a 4-month visa on arrival and travel to Portugal receive their residence permit.
- The visa is renewable as long as the business remains active.
Drafting a business plan for an immigration program is slightly different than a traditional plan, and a qualified immigration firm can handle this for you. The most important things to consider when drafting a business plan for immigration purposes are as follows:
- Business viability and scalability.
- Who is financing the business (foreign financing preferred).
- Why Portugal is the chosen destination.
- an expansion plan.
- additional economic value. This is the most important part as it will highlight how the business will benefit the Portuguese economy and this can be done by demonstrating one or more of the following:
- How many jobs will the business create for local people?
- export activities of enterprises.
- How businesses will attract new businesses Portugal.
- Whether the business will serve less developed areas.
- If the enterprise will increase research and development or innovation.
- If a business or business owner brings expertise to the Portuguese market.
- Whether the business will introduce new products or services to the Portuguese market.
Meeting at least one of the economic value added criteria will go a long way towards getting an applicant approved.
Once approved, applicants only need to emphasize the continuity of the business and their role in it to renew the visa.However, to do so, they must reside for at least six months per year Portugal. After five years of continuous residence, they can apply for permanent residence or citizenship, and their status will no longer be linked to their business.
a good choice dubai entrepreneur
Small and Medium Enterprises (SME) Composition 94% All businesses within dubai; they also constitute a striking 97% all businesses of Portugal and is responsible for about 58% of turnover and 82% of investment.
both dubai and Portugal Provides government financial support to SMEs through its National SME Schemewhile the latter directly through its government.
Trade between the UAE and the EU is also a bright spot for entrepreneurs, with the trade balance between the two economic giants averaging close to $53 billion In the past few years.
As an entry point into the EU, D2 offers an excellent financial advantage as average operating costs are in Portugal lower than other EU countries.In fact, it is 38% Below the French market, this saves even more money.
Low operating costs also allow dubai Entrepreneurs move some of their business to Portugalas the average wage of highly skilled workers dubai (71,743 euros per year) is much higher than Portugal (39,200 euros per year), almost 46% higher, to provide more context.
UAE and Portugal already have one Double Taxation Agreemententrepreneurs can arrange taxes in the most favorable way, saving money for the company.
Learn more about D2 or other immigration routes Portugalvisit www.savoryandpartners.com or email [email protected].
Savory & Partners is an accredited multi-government agency providing citizenship by investment services in more than 20 jurisdictions, including Europe and was the first company to receive all five authorized agency licenses from the U.S. government caribbean islands. To date, it has processed second passports for more than 4,000 citizens with a 100% success rate.
touch:
For more information please email to [email protected]. You can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
SourceSavory & Partners
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