This type of D2 residence visa is aimed at entrepreneurs who want to create a startup in Portugal, which may already exist in their country of origin.
The program can cover a maximum of 5 entrepreneurs (per project).
The Startup to be developed must, among other things, have an innovative character and a potential for international growth, for the creation of qualified employment and have the capacity to achieve, within five years, a turnover of more than € 325,000.00 /year and / or an asset value of more than € 325,000.00 /year.
The project must be registered in a business incubator and be accepted by IAPMEI.
Note: The company only has to be established during the incubation contract and must be at the end of it.
Step 1 – Approval by IAPMEI
After the Startup is registered in a business incubator and the project is presented to IAPMEI, this entity must approve it.
Step 2 – Visa application
The residence visa must be requested at the Portuguese Consulate of the country of residence or citizenship.
The visa issued entitles the holder to 2 entries into Portugal and is valid for 120 days, during which time the holder must travel to Portugal.
Step 3 – Application for a residence permit
After entering Portugal, the Applicant will have to make an interview with the Portuguese Immigration and Borders Service (SEF), to collect biometric data (photograph, fingerprints and signature).
Step 4 – Residence card issuance
After the interview, the residence card will be sent to the Applicant’s address in Portugal.
Note: the estimated time to complete the whole process will depend on many factors, but on average it will be around 11-12 months between the time the application for the visa is made until the residence card is received.
The residence card is valid for 2 years. At the end of these 2 years, it is possible to renew it for an additional period of 3 years. At the end of the 5 years the applicant may choose to apply for a permanent residence permit or Portuguese nationality.
Lamares, Capela & Associados provides its services to national and international individuals and companies.
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