D2 (ENTREPRENEUR) PORTUGAL VISA
Official Name: República
Population: 10 million (1 crore)
Residency Program launched in 2012
20,000 Residency Cards issued till now
Temperature: 17 °C Winter to
27 °C in Summer
5 Billion Euros raised till now under
the Residency Program
Portugal joined as EU member country since 1st 1986
Portugal became Schengen area member since 1995
BENEFITS OF D2 (ENTREPRENEUR) PORTUGAL VISA
-Ease of moving to a European country with the family
-Lifestyle Benefits (good weather and safety)
-No significant investment
-No language requirement
-Fast Application process (within 6 months only)
-Visa-free travel in Europe
-No minimum education qualification
-No IELTS exam required
-No maximum age limit
-Can cater to the world's largest single market which is the EU Market (28 Countries/500 Million customers/GDP of 16 Trillion Euros)
- Free movement of goods, people and services within the EU
-Option to apply for citizenship after stay of 5 years
-You may start a new business/ Open a branch of your existing business/ Shift your existing business
-Portugal is one of the world's top surf spots. It has a coastline that spans 800 kms.
-Portugal is the home to 15 UNESCO World Heritage sites.
-Portugal is the sixth European country to allow same sex marriage.
-Portugal's colonial empire spanned 600 years and stretched which are now 53 countries.
START YOUR BUSINESS IN PORTUGAL AND GET YOUR PORTUGUESE PASSPORT IN THE SIXTH YEAR
KEY PROGRAM REQUIREMENTS FOR D2 VISA
-Business plan: Viable and beneficial to the Portuguese economy and society.
-Portuguese company formation
-Nominal business capitalization
-Comprehensive health insurance
-Proof of adequate financial means
COMPANY FORMATION REQUIREMENTS
-Get a NIF number
-Have a business bank account
D2 MINIMUM STAY REQUIREMENTS
Year 1: 4 months
Year 2,3, 4 & 5: 6 months (consecutive) or 8 months (non-consecutive)
D2 RENEWAL REQUIREMENTS
-Proof running of the business
-File quarterly & annual VAT and Tax returns
APPLYING FOR PERMANENT RESIDENCY
-After 5 years of stay
-Renewed every 10 years
APPLYING FOR PORTUGUESE CITIZENSHIP
-After 5 years of stay
-After passing basic Portuguese Language Proficiency test (A2 level)
PERSONS ELIGIBLE TO APPLY
-Applicant-should over 18 years of age
-Spouse of the applicant
-Children under 18 years of age
-Children up to 25 years (dependent and studying)
-Parents of the Applicant/Spouse
-Be of outstanding character
-Have excellent health
-Hold no criminal record
-Valid Passport with at least two blank pages
-Police Clearance Certificate from the country of origin/country of residence
-Hold personal maintenance funds for the applicant and the family
-Hold funds to start the business in Portugal
-Comprehensive Health Insurance
Q : For how many days can I stay in Schengen?
A : 90 Days out of 180 days every year
Q : Will I need to have a visa to travel to any of the countries in the Schengen?
A : You may travel visa free and no registration is required for crossing borders.
Q : Do you need to reside in the country and know the language?
A : It is required for the applicant to stay a minimum of 180 days a year. Knowledge of language is not required, if staying as a resident
Q : In what cases can my application be rejected?
A : The application can be rejected in the following cases:
-By providing false information.
-Existence of outstanding conviction or criminal proceedings for serious criminal offences in any country of the world.
-If the applicant poses a potential threat to public order, national security or the reputation of Portugal or any other country.
Q : What happens in case of concealment of information or false data has been provided?
A : An applicant shall not pass the due diligence test and the application shall be rejected. An investor can be deprived of the citizenship, if the status was obtained by submitting false information, fraud or concealment of actual information.