- Portugal D2 Visa: An Introduction For Bangladeshi Citizens
- Benefits of the Portugal D2 Visa For Citizens of Bangladesh
- Who Is Eligible To Get a Portugal D2 Visa: The Criteria
- Portugal D2 Visa From Bangladesh: All The Requirements
- The Application Process: How to Get a D2 Visa From Bangladesh
- What To Expect After The Application Is Submitted
- Portugal D2 Visa To Residency
- Portugal D2 Visa Leading to Portuguese Citizenship
- How Can Total Law Help
- Frequently Asked Questions
Portugal D2 Visa: An Introduction For Bangladeshi Citizens
As a Bangladeshi entrepreneur, you can apply for a Portugal D2 visa if you want to buy an already existing business, set up a branch of your business, or invest in a business. The Portugal D2 visa is also called the Immigrant Entrepreneur visa and Independent Entrepreneur visa.
It permits non-EU entrepreneurs to live and run their businesses in Portugal. You are required to present a comprehensive business plan before you are granted a D2 visa. This business plan must explain how your business will thrive and contribute to the economic growth of Portugal.
The Portugal D2 visa is designed by the government of Portugal to encourage service providers or independent professionals who are non-EU nationals to enter Portugal. Although you are not given a specific benchmark of investment amount to invest in Portugal, it is required that you prove you have enough money to start and run your business.
As a Bangladeshi entrepreneur, you will be opportune to partake in a growing business ecosystem that helps businesses to flourish. When you are issued the Portugal D2 visa, it can only be valid for 4 months.
You are required to switch your D2 visa to a residence permit upon your entry into Portugal. This residence permit will allow you to establish your business and work in Portugal. Your dependents are allowed to join you in Portugal on this visa, and you have the opportunity to remain in the country indefinitely if you have stayed for 5 years.
Portugal is one of the 5 safest countries in the world. Because of this, as a Bangladeshi entrepreneur, you will have little or no fear of running your business in such a country. The country has a relaxed environment and the friendliness of the Portuguese natives continues to encourage investors to enter the country.
Good Geographical Location
Portugal is a country in the southwest of the continent that shares a border with Spain and access to the Atlantic Ocean. Access to European economies is made possible by a well-developed rail network.
Portugal continues to have commercial and cultural relations with several nations, including Angola, Brazil, Cape Verde, China, and Mozambique. Since joining the European Union in 1986, it has abided by the principles of the free flow of people, capital, products, and services.
Non-Habitual Tax Programme (NHR) Benefits
If you have a Portugal D2 visa, as a Bangladeshi national, you may be eligible for Non-Habitual Resident (NHR) tax incentives. Entrepreneurs from Bangladesh who lawfully reside in Portugal and haven’t paid taxes there in the previous 5 years are eligible to apply for this tax programme.
This initiative offers Bangladesh business owners and other non-EU citizens favourable tax treatment for their rental revenue, income tax, pension income, etc. In light of this, once you establish tax residency in Portugal, you are given tax reductions on the income you make from overseas and are not taxed at ordinary rates.
You must provide housing evidence, such as proof of property purchase or a rental contract if you are a Non-habitual resident. Additionally, to keep your residency, you must spend up to 183 days a year in Portugal.
Who Is Eligible To Get a Portugal D2 Visa: The Criteria
As a Bangladeshi entrepreneur, you must meet the following eligibility criteria to apply for a Portugal D2 visa. You must:
- Own a house or rent an apartment in Portugal.
- Be 18 years old or above.
- Have a comprehensive business plan for a new business in Portugal.
- Have health insurance.
- Have no criminal record.
- Need to set up a branch of your business or have an already existing one in Portugal.
- Show that you have enough finances to stay in Portugal for at least 1 year.
- Want to buy shares or a business.
Passport and Photographs
Bangladeshi entrepreneurs are required to bring their international passports. Your international passport must be valid for about 6 months after your visa has expired. You are also required to provide 2 recent passport-size photographs.
Designation of a Tax Representative
Bangladeshi entrepreneurs and other non-EU nationals are required to select a tax representative from Portugal.
NIF and Portuguese Bank Account
Bangladeshi entrepreneurs are required to obtain a Tax Identification Number (Número de Identificação Fiscal or NIF). You will be issued the NIF by the Portuguese tax authorities. Your NIF will also be used to create a Portuguese bank account for you to help you carry out the financial transactions of your business.
Proof of Sufficient Funds
Bangladeshi entrepreneurs must prove that they have enough finances to cover the expenses of their businesses in Portugal. You are required to provide your bank statements showing that you have at least a 1 year savings which is up to the Portuguese minimum wage for 12 months (currently €9,120).
Travel Health Insurance
All Bangladeshi applicants for a D2 visa are required to have health insurance. This health insurance must be valid across the EU and Schengen zone.
It must cover all unplanned medical expenses that may come your way while you are in Portugal. Each of your family members coming to stay with you in Portugal must have individual health insurance.
Criminal Record Certificate
Bangladeshi entrepreneurs are required to get a Police Clearance Certificate (PCC) from a relevant Police Station in Bangladesh. If you are currently not in Bangladesh, your next of kin can apply for a PCC on your behalf at the nearest police station to your home address in Bangladesh.
Your PCC must prove that you have no criminal charges against you and that you are of good character in Bangladesh. Your PCC has to be issued within the last 3 months and should be given to you by a relevant authority of the country where you have resided in the last 1 year. It should convince the Portuguese authorities that you will not be a threat to peaceful coexistence in Portugal.
Proof of Accommodation
To apply for a Portugal D2 visa, you must prove that you have a place to stay when you enter Portugal. You are required to prove to the authorities that you will not be stranded in the country.
To prove this, you must present an invitation letter from a family member or a friend who currently resides in Portugal asking you to come and stay with them. Or you may provide a rental contract, hotel reservation, deeds to the property you own in the country, etc.
The following are the business documents you are required to provide:
Bangladeshi entrepreneurs must prove to the Portuguese authorities that they have enough finances to set up and run their businesses during their stay in Portugal. You are required to prove that your business has the potential to grow and contribute to the Portuguese economy.
This document declares that you are qualified to set up a company in Portugal. It must prove that you have sufficient finances as a business in Portugal. Also, if you already have a business you run in Portugal, this document must prove that.
In your application for a D2 visa as a Bangladeshi independent service provider, you are required to also submit a documented contract or proposal that describes the scope of your service.
Comprehensive Business Plan
Bangladeshi entrepreneurs must provide a well-detailed business plan when applying for a Portugal D2 visa. You need to show the plans of your business to the Portuguese authorities because the sole aim of creating the D2 visa is to bring in funds to help boost the country’s economy.
Your business plan must explain how your business will have a positive impact on various sectors of Portugal, such as technology, culture, economy, or science. This visa is ideal for you as a Bangladeshi entrepreneur because you are allowed to choose any type of business you would like to venture into.
The document bears the declaration of your investment in Portugal. It discloses the timing, type, and quantity of the investment you made recently or wish to make in Portugal.
Advertising job opportunities will help give you a better chance of having a successful application. Also, the scientific, social, economic, cultural, and technological significance of your investment is considered when assessing your D2 visa application.
As a Bangladeshi entrepreneur, you are required to have a share capital which is the very minimum initial investment necessary to guarantee that your business operates effectively, even when it is not making a profit. Although you are not given a benchmark of the amount to invest, you are expected to invest a share capital of about €5,000 when applying for a D2 visa.
Provide Your Required Documents
You must bring all the required documents for your Portugal D2 visa application. Your well-detailed business plan must be included in your file. Complete your Portugal D2 visa application form with accurate details to avoid a refusal.
Our friendly immigration advisers at Total Law can assist you in gathering all the required documents to make an outstanding application for your D2 visa. If you need expert guidance in navigating your Portugal D2 visa from Bangladesh, call us today on +44 (0)333 305 9375 or contact us online.
Get a NIF and Bank Account
As a Bangladeshi entrepreneur, you are required to have a NIF number and a Bank account. You will need to make financial transactions when you enter Portugal, and you must carry out all these transactions through your Portuguese bank account.
These business transactions include payment for shares, transferring funds to your business, rental payments, etc. Your NIF number will play a crucial role in helping to create your bank account in Portugal.
Submit Your Documents
Once you have obtained a NIF number and a Portuguese bank account, you may then secure a place to stay in Portugal. Thereafter, you must make an appointment and visit the Portugal embassy in New Delhi, India to submit your application. You must pay a consular fee of €90 on the day of your appointment.
Expect Visa Decision
Once you have submitted your documents and paid your consular fee at the appointment, you should expect a decision on your application. The processing time for your application might be up to 60 days. After the assessment of your application, you will be invited for an interview if your application is successful.
Get Your Visa
You will be issued your Portugal D2 visa if you pass your interview. Your D2 visa is typically valid for 120 days, and you must enter Portugal within this validity period.
Fix an Appointment
After receiving your D2 visa, you must schedule an appointment with the SEF. When you enter Portugal, you must visit the SEF to change your D2 visa to a residence permit if you wish to stay for more than 120 days in Portugal.
You are required to pay the SEF €155.50 for the application made for yourself and each of your family members who want to join you in Portugal. Upon a successful application, you will be issued a temporary residence permit that will be valid for 2 years. You will also have the option to extend it when it expires.
Do not worry if you are not sure of the starting point for your Portugal D2 visa, Total Law can help. Our experienced immigration advisers already know their way around the whole application process. All you need to do is to call us today on +44 (0)333 305 9375 or message us online so we can guide you.
What To Expect After The Application Is Submitted
As a Bangladeshi entrepreneur who wants to obtain a Portugal D2 visa. You should expect a decision on your D2 visa application in 60 days. When the Portuguese authorities approve your visa application, you will receive your passport along with your visa affixed to it.
Portugal D2 Visa To Residency
You can become a Portuguese resident through your Portugal D2 visa. When you enter Portugal on a D2 visa, you are required to visit the SEF office and change your visa to a temporary residence permit.
Remember that your D2 visa is only valid for 120 days, therefore, you must change it to a residence permit within this period to avoid deportation. After a successful application to change it to a temporary residence permit, you will be issued a card valid for 2 years which is extendable for an additional 3 years.
When you have stayed in Portugal for up to 5 years, you may apply for permanent residency, provided you have met all requirements.
Portugal D2 Visa Leading to Portuguese Citizenship
You can obtain Portuguese citizenship through your Portugal D2 visa. When you renew your temporary residence permit after its first 2 years validity period, and stay in Portugal for a total of 5 years, you may qualify for Portuguese citizenship.
To qualify for Portuguese citizenship, you are required to meet the Portugal D2 visa stay requirements. You must also meet other requirements, such as having ties to Portugal, having no criminal record, and having about an A2 level of proficiency in Portuguese, etc.
If you are a Bangladeshi entrepreneur, freelancer, or independent professional, you are required to present several documents to obtain a Portugal D2 visa. Your documents must be able to prove to the Portuguese authorities that you are qualified to be granted the visa.
You must have a comprehensive business plan that will help stake your claim of having a business venture that will significantly help boost the Portuguese economy. If you do not know how to navigate the process of obtaining a Portugal D2 visa freelance, Total Law can help.
Our professional experienced immigration advisers are always ready to render all the services and guidance needed to bring your business from Bangladesh to Portugal. We can help advise you on the best steps to take to comply with Portuguese immigration laws.
For more information about obtaining a Portugal D2 visa from Bangladesh, the fees involved, or any other means we can help you get your business to Portugal, to buy shares, or purchase an already existing business in the country. Call us today on +44 (0)333 305 9375 or contact us online.
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The amount of money typically required to obtain Portuguese residency is €250,000 through the Golden visa programme. But for a Portugal D2 visa, there is no specific amount of investment to make to obtain residency in Portugal.
It is easy to obtain a Portugal D2 visa as the process of obtaining your visa typically takes about 2 to 3 months. All you need to do is meet the eligibility criteria and provide all the required documents including a well-written business plan. Besides that, having expert guidance from immigration advisers at Total Law will give you a great chance of having a successful application.
Yes, you can apply for citizenship on your Portugal D2 visa. You must first stay in Portugal for up to 5 years and meet other requirements stated in Portugal immigration law to qualify and apply for Portuguese citizenship.