In the present economic context in which the world finds itself, and which may come to assume even more significant proportions, many foreign nationals are looking for new opportunities. Portugal has been one of the natural destinations for this emigration, due to factors such as language, historical and family ties and the presence of a strong international community.

One of the visas that has attracted the most attention from foreigners is the visa for Entrepreneurial Immigrants Better known as the D2 visa, the visa for immigrant entrepreneurs is the option for those who intend to engage in investment activities in Portugal, through the establishment of a business activity in Portugal. The main objective of this visa is to raise external resources as a way to foster the Portuguese economy.
To apply for the D2 visa, it is necessary, among other assumptions, that a company be set up in Portugal. Portuguese law provides for different types of corporate arrangements. However, the limited liability company and the sole proprietorship have been the most used to obtain this visa. The first type of partnership involves a minimum of two partners, while the sole proprietorship consists of a single partner. In both types mentioned, the share capital is freely fixed in the social contract.

ASSOCIATED COSTS

Opening a company has some associated costs, which cannot be forgotten by those who intend to undertake in Portugal. After all, for a business to be productive it is necessary to take into account all the variants that surround it. Pay attention to the following costs:

• € 360.00 for opening the company;
• Request for a specific name for the company: € 75.00 in 10 working days, or € 150.00 in 24h (it is possible to choose a name from the pre-approved list and avoid this additional cost);
• € 250.00 (approximate amount) per month for expenses related to the accountant;
• Corporate Income Tax, also called IRC, with a 25% rate.
• Derrama (municipal tax), whose maximum limit is 1.5%.
• Value Added Tax (VAT), the amount of which varies according to the service provided. VAT can be 23%, 13% or 6%, depending on the essentiality of the product or service.

DOCUMENTATION REQUIRED FOR VISA APPLICATION

To submit a D2 visa application to a Portuguese Consulate, it is necessary to proceed with the elaboration of a business plan, identifying the objectives and the way the investment value will be used.
The other documents are:

1. Visa application form to live in Portugal;
2. Passport valid for more than 3 months the expected length of stay;
3. Two identical pictures;
4. Proof of means of subsistence;
5. Proof of accommodation;
6. Health insurance;;
7. Criminal Background Certificate (valid for 90 days);
8. Certified copy of the identity card;
9. Request that authorizes the consultation by the Foreigners and Borders Service (SEF) on the criminal history of Portugal;
10. Declaration by the applicant, identifying, for example, the reason for the visa application, the time he intends to live in Portugal and where he intends to live;
11. Declaration to be aware that you should not travel to Portugal without having a visa;
12. Declaration that it has carried out or intends to carry out an investment operation in Portugal, indicating its nature, value and duration and proof that it has carried out investment operations; or proof that you have financial means available to invest in Portugal.

After the submission of all documentation, the decision on granting the visa by the Consulate takes between 30 and 60 days.