D2 Visa in Portugal
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18 Jan 2022
Service Details
D2 Visa
This service is available across Portugal
Who Is This Service For?
- The D2 Visa in Portugal, designed for entrepreneurs and independent professionals, is the ideal process for non-EU/EEA/Switzerland citizens to establish and run their business in Portugal
- This visa caters to those looking to launch new ventures or expand existing ones and is applicable to self-employed individuals with a viable business plan or a job proposal in Portugal
Requirements
- Obtain a Portuguese tax number (NIF) and open a business bank account in Portugal
- For entrepreneurs: Set up a Portuguese limited company (LDA), hire a Portuguese accountant, present a detailed business plan, and show sufficient financial resources
- For independent service providers: Less stringent, no need to form a company but must demonstrate expertise and client contracts
- Proof of accommodation, health insurance, and sufficient financial means for at least one year
Procedure: Our Approach
- The procedure begins with an initial consultation to understand your business plan and objectives in Portugal.
- Guidance on drafting a comprehensive business plan showcasing economic viability and societal contribution
- Assistance in obtaining NIF and setting up banking arrangements
- Subsequent steps involve preparing and submitting your D2 visa application, which includes compiling necessary documents, such as:
- Proof of investment,
- Viable business plan, and
- Compliance with the Portuguese immigration authorities’ requirements.
- Throughout the process, continuous legal support is provided to navigate through any challenges or queries that may arise.
Benefits - Why Choose Our Service
- Engaging with our service provides you with the advantage of leveraging experienced, English-speaking lawyers who are well-versed in Portugal’s immigration laws.
- Not only does this facilitate smoother communication, but it also ensures that your application is compiled and submitted with utmost precision and expertise.
- Our professionals are adept at mitigating potential legal hurdles, thereby enhancing the likelihood of your application’s success.
Key Features of this Service
- An initial discussion with lawyers highly experienced in making successful applications for residency visas based on an innovative business start-up
- A business plan or application for a D2 visa is prepared, and all other documents required for a successful application are assembled under the guidance of your lawyer
- Assistance and advice on the documentation required and completing the to ensure the application(s) is/are approved
- Assistance upon arrival with obtaining foreign residency cards
- Advice and assistance on setting-up the business, registration with the Portuguese commercial registry, tax and social security agencies.
- Employment law services to ensure that employee contracts and conditions are dealt with in a manner consistent with Portuguese health and safety and employment law
- Ongoing tax, accounting and payroll services to help with the compliance aspects of your business are also available upon request
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your professional.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Other services You might need!
Who Is This Service For?
If you are an expatriate and you have a pension pot which is worth over £70,000 you may be able to release it from the restrictive UK system and it’s ever changing rules entirely. If your pension value is between £30,000 and £70,000 we now have exclusive access to cost effective products that could mean a transfer is beneficial.
Benefits include: Leave ALL unused pension funds to your beneficiaries free of UK IHT (Inheritance Tax); Much greater investment freedom; Tax free lump sum of up to 30%; Take income from your pension in a much more tax efficient way.
What Does This Service Consist Of?
- Initial discussion to discuss existing pensions
- Request of information from existing pension providers
- Free Report and recommendation sent via email including a brochure for the QROPS provider
- Follow up discussion to explain the detail and answer any initial questions
- Apply for the QROPS and complete necessary paperwork and ID requirements
- Ongoing support and wealth management
Who Is This Service For?
Imagine that you are retiring tomorrow? How much money would you like to or need to write yourself a cheque for to ensure that you will have enough in the bank to last you, your spouse and possibly even your family for one year in retirement? One of the most fundamental issues for you to think about when deciding on your financial planning options is to make sure that you are preparing for your retirement sufficiently and appropriately. Many expatriates do not get ahead in the retirement race by saving hard as they are scared of this approach encroaching on their standard of living today. However, with careful planning it is easy to get ahead without hindering your current lifestyle.
What Does This Service Consist Of?
- Initial discussion to determine your retirement goals and current circumstances
- Free Report and recommendation sent via email
- This will include a step by step guide as to the best course of action
- Follow up discussion to explain the detail and answer any initial questions
- Ongoing support and wealth management
Who Is This Service For?
We know it is very easy to fall in to the ‘live for today’ mindset and not plan for the future when you’re living overseas.
Thus, we have devised this simple, step by step report to show you how to take your financial future seriously, and avoid being one of those expatriates who return home with nothing more than a mass of photos and memories - and perhaps even debt!
Benefits - Why Choose Our Service
- Initial discussion to determine your investment goals and current circumstances
- Free Report and recommendation sent via email, including a brochure for the recommended provider
- Follow-up discussion to explain the detail and answer any initial questions
- Apply for the investment and complete necessary paperwork and ID requirements
- Ongoing support and wealth management
Who Is This Service For?
Your previous financial adviser in your country of origin may not be able to introduce you to the potential tax saving and financially enhancing opportunities available in your new country of residence.
Furthermore, only suitably qualified financial advisors are able to understand your unique expatriate status, how that relates to any tax saving potential in the nation in which you are residing, and how you need to structure your affairs appropriately in case you should ever want to repatriate or relocate elsewhere.
Planned correctly, a move to another country, including back to the UK, can have some very special future tax advantages.
What Does This Service Consist Of?
- Initial discussion to determine your tax liability and current circumstances
- Free Report and recommendation sent via email including advice on how to minimise succession taxes
- Follow-up discussion to explain the detail and answer any initial questions
- Ongoing support and wealth management
Holiday Home Mortgages
Holiday home mortgages are generally for non-resident property buyers who do not live in Portugal. The maximum borrowing amount is up to 70% of the property purchase price (or valuation if lower). Lenders offer fixed, variable and, in some cases, mixed rates.
For variable rate mortgages, the rates are based on the annual Euribor reference rate with a percentage margin added to this, for example, annual Euribor + 2%.
We will help you negotiate the very best mortgage conditions available in the market at any given time.
Primary Residence Mortgages
Primary residence mortgages are for those where the property in Portugal will be their main residence and they already pay their income tax here, or in exceptional cases are about to start paying taxes here.
For this type of mortgage, it is possible to secure mortgages up to 80% of the property purchase price.
Your English-speaking mortgage broker will help you to overcome the administrative difficulties often encountered when obtaining a mortgage in a country different to the one where your earnings originate.
Why choose Advocate Abroad?
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