If your intention is to open a company in Portugal, it's possible to apply for a specific visa for this type of situation, it is the so-called D2 visa. This type of visa is one of the most wanted at the moment as it grants the applicant the right to reside and work in Portugal. We call this type of visa as Entrepreneur Visa and we'll talk more about it below.

As the name already suggest, this type of visa will request you to have a company, or at least an idea of a company, in Portugal. At the first moment the idea of opening a new company might be scary, however, open a company in Portugal is not so complicated (if you have a good advisor) and not so expensive if compared to other countries. Moreover, Portugal has a constantly growing consumer market (given the number of immigrants and visitants arriving in the country every day) and also can be a good entry opportunity for others EU countries.

Who can apply for the Entrepreneur Visa?

The best answer is: anyone. Any foreign person who has the willing to move to Portugal and the interest in open a company at the country, can be a good applicant. The Entrepreneur Visa will not demand a previous company in home country or a stablished income of the applicant, the only previous criteria for the applicant will be the previous professional experience.

The Entrepreneur Visa is used for whom don't have the stablished income requested by the D7 Visa, for example. Also, it is not an expensive visa as the Golden Visa. That's why the Entrepreneur can be a good option for those want to be in Portugal to live and work.

What are the requirements to apply for the Entrepreneur Visa?

Portuguese embassies want to see the relevance of your business to Portugal. So, the Business Plan will be the most important document for your application. At the Business Plan you'll have to show the relevance of your company, your target audience, the profit expectation, location, SWOT analysis, the relevance of your professional experience for this new business in Portugal, and whatever else considered relevant.

Accordingly with our experience, Entrepreneur visa's requests with all the new company documentation available are stronger. The company regime can be the "Unipessoal", so just one partner is allowed or can be "LDA" type, with more than one partner. Each partner has the right to apply for the Entrepreneur Visa.

Does Entrepreneur Visa require a high investment?

Different as many people thinks, the Entrepreneur Visa doesn't require a high investment, furthermore when compare with the investments involved at the Golden Visa, for example. Also, for apply to the Entrepreneur Visa the embassy does not require a minimum company share capital, you'll only have to demonstrate that your business is real and can be executed with the share capital chosen by you. The investments will involve:

• Open the company (with mandatory advisory of a lawyer)

• Hire the mandatory advisors (accountant is mandatory)

• Pay the mandatory fees (to open the company, to social security and tax authority registration)

Over than that, you'll have to provide all the default personal documents required for all other visas.

To learn more about the Entrepreneur Visa, to know if this type of visa is the most suitable for your investor profile and to make your visa process smoothly, Change Consulting's experts can help you and your family in this journey. You can contact us here.