The D2 is a short-term visa for skilled professionals and entrepreneurs, created by the Portuguese government to incentivise new business owners to move operations to the Portuguese economy. The D2 allows non-EU/EAA/Swiss citizens to obtain residency in Portugal and Madeira, once they have demonstrated their commitment to growing a business in Portuguese territory.
Lesser known than the D7 or Golden Visa, the D2 is a viable option for individuals looking to start a business or move their existing operations to Portugal and take advantage of the benefits that EU residents receive in the Schengen Economic Area.
Increasingly popular with UK Nationals no longer able to access the EU Market, the D2 Visa is growing in popularity with Brits, serving as a passageway to obtaining Portuguese citizenship and allowing them to take back their rights lost after Brexit.
Freelancers, entrepreneurs, and independent service providers who can prove that they have set up a company operating in Portuguese territory or can show that they have the financial resources to start a company in Portugal and Madeira could be eligible for the D2 Visa. There is no official minimum amount of capital required for a D2 visa, but it is recommended that you have at least €5,000 or can demonstrate proof of a start-up loan from a Portuguese Bank.
What are the requirements to qualify for a D2 Visa?
To apply for the D2, you must demonstrate sufficient means to start a business in Portugal, including, but not limited to:
- Viable business idea
- Well-structured Business Plan
- Sufficient capital
- Strong reasoning for the creation of the business
- Proof of the financial resources to support the setup and growth of the business
- Proof of experience in the proposed business area
Alongside your business plan, you must also provide the following documentation:
- Portuguese Company Certificate
- Portuguese Business bank account with capital transfer
- Personal Tax Number and Company Tax Number (NIF)
- Social Security Number
- Employment Contracts
- 3 months of Social Security Contributions
- Proof of accommodation/rental agreement valid for 12 months
Madeira Company specialises in the incorporation and registration of new businesses and companies in Madeira and Portugal. We have an experienced team ready to assist you with all aspects of company formation. Whether you choose a Public (S.A) or Limited (LDA) company, our team offer thorough guidance and expert support with name registration and approval, certificate of incorporation, fiscal number, and opening a company bank account.
Our dedicated team offers advice on compliance with local taxation requirements, and assistance in tax refunds and tax litigation. Madeira Company works with you to mitigate your tax risks and improve the efficiency of your local and international operations in Madeira. Our in-house team of experienced tax professionals are ready to assist with Personal Income Tax, Non-Habitual Residency and Fiscal Representation.
Madeira-based Bookkeeping and accounting services, including VAT, Profit Tax returns and the preparation of financial statements. Our expert team can discuss the level of support required for your business. We will assist you with VAT and tax returns to your local authority, periodic and annual reporting as well as your End of Year accounting. Contact us today to find out how our team of experienced accountants can help you and your business.