Portugal D2 Entrepreneur Visa

Nadia Dardón

Immigration Content Writer

Last update 22 June, 2025

Community

Join thouthands of remoters!

Join the community

Portugal Rating from Citizen Remote

Overall 4.0

Internet Infrastructure 5.0

Country Stability 4.0

Cost of Living 4.0

Ease of Obtaining Visa 3.0

Taxes 4.0

Quick Visa Facts

Visa length 1 year

Possible to extend? Yes, renewable for 2-year periods.

Who can apply? Entrepreneurs, independent workers, investors, and freelancers planning to establish or manage a business in Portugal.

Minimum Income Requirements There’s no fixed minimum income, but applicants must demonstrate sufficient financial means to support themselves and their business activities.

Time for visa applications Typically 60 to 90 days from submission to decision.

Want to know if you can apply?

Complete a visa quiz and see if you qualify!

Start Visa Quiz

If you're an entrepreneur, freelancer, or independent service provider dreaming of building a life in sunny Portugal, the D2 Visa—also known as the Portugal Entrepreneur Visa—could be the opportunity you’ve been looking for. Designed to attract international talent and investment, this visa allows non-EU nationals to start a business or expand an existing one in Portugal. They gain residency in a country known for its high quality of life, rich culture, and growing startup ecosystem.

In this guide, we’ll walk you through everything you need to know about the Portugal D2 Visa—from who it’s for and how to qualify, to application steps, costs, and what life in Portugal is really like as a foreign entrepreneur.

Portugal D2 Visa Overview

The Portugal D2 Visa—commonly known as the Entrepreneur or Business Visa—was created to attract foreign entrepreneurs, independent professionals, and small business owners to invest in and contribute to the Portuguese economy. It came into effect as part of Portugal’s efforts to support economic development by encouraging international business activity and innovation, especially from outside the EU/EEA/Switzerland.

This visa is ideal for those who want to start a business, relocate an existing one, or offer independent services while enjoying the benefits of living in Portugal. It’s also one of the most accessible Portuguese residency options for freelancers and digital entrepreneurs with a solid business plan.

Note: The Portugal D2 Visa is different from the D8 Visa, which is Portugal’s official Digital Nomad Visa designed specifically for remote workers employed by non-Portuguese companies.

Who Is It For?

The D2 Visa is designed for non-EU/EEA/Swiss citizens who want to:

Start a new business in Portugal.
Relocate an existing business to Portugal.
Invest in a Portuguese company or sector.
Work as a self-employed freelancer or independent service provider.

Applicants must demonstrate the viability of their business or service, have a detailed plan, and prove they can financially support themselves while launching their venture.

What Does It Allow You to Do?

The D2 Visa allows you to:

Live and legally reside in Portugal.
Start and run a business or work as a freelancer.
Bring immediate family members through family reunification.
Travel freely within the Schengen Area.
Apply for permanent residency after 5 years.
Become eligible for Portuguese citizenship after 5 years (if other conditions are met)

The visa typically leads to a residence permit valid for 2 years, renewable for 3 more years. It's a gateway not only to entrepreneurship in Portugal but also to long-term European residency.

Portugal D2 Visa Requirements

To apply for the Portugal D2 Visa, you’ll need to prepare a combination of standard documents and specific evidence supporting your business or self-employment plans. Below is a breakdown of everything you’ll need to include in your application.

Completed national visa application form.
Valid passport (must be valid for at least 3 months after the intended stay)
Two passport-sized photos (recent and in color)
Proof of legal residency in the country where you’re applying (if not a citizen)
Criminal background check from your country of origin or residence.
Portuguese tax identification number (NIF)
Proof of accommodation in Portugal (rental agreement, invitation letter, or property deed)
Travel health insurance valid in Portugal and covering at least €30,000.
Cover letter explaining your motivation, business plan, and how your activity will benefit Portugal.
Payment of the visa application fee.

Proof of Financial Self-Sufficiency

Applicants must show they have enough financial resources to support themselves while launching or running their business. This can include:

Bank statements showing sufficient savings.
Proof of regular income (e.g., dividends, rental income, or freelance work)
A Portuguese bank account with a recommended balance of at least €5,000–€7,000, plus more if bringing dependents.

Viable Business Plan

One of the most important components of your D2 application is a detailed and realistic business plan that demonstrates:

The nature of your business.
Market research and competition analysis.
Estimated financials and sustainability.
Job creation or economic benefit to Portugal.
Your qualifications or experience relevant to the business.

The plan must be written in or translated into Portuguese and may be reviewed by business incubators or local chambers of commerce.

Proof of Business Activity or Incorporation (if applicable)

You’ll need to prove you’ve already started the business process in Portugal. This can include:

Company incorporation documents.
Proof of business registration with the Portuguese authorities.
Contracts with Portuguese clients or partners.
Letters of intent or interest from local collaborators.

Private Health Insurance

Before obtaining access to the Portuguese public health system (SNS), you must show proof of private health insurance that covers you in Portugal for the duration of your initial stay.

Travel insurance is not accepted; it must be long-term residency health insurance. You can find our recommendations for the best health insurance plans here.

How to Apply for the Portugal D2 Visa – Step-by-Step Instructions

Applying for the Portugal D2 Visa involves both preparation in your home country and follow-up steps once you arrive in Portugal. Here's a step-by-step overview to help you navigate the process smoothly:

Step 1: Gather Your Documents

Collect all the required documents, including your business plan, proof of funds, valid passport, Portuguese NIF (tax number), and proof of accommodation. Make sure everything is translated into Portuguese or English as required.

Step 2: Open a Portuguese Bank Account

Before applying, open a bank account in Portugal and deposit sufficient funds to show financial stability—typically at least €5,000–€7,000 for the primary applicant, plus more for dependents.

Step 3: Obtain a Portuguese Tax Number (NIF)

You’ll need a Portuguese NIF (Número de Identificação Fiscal), which you can get through a tax representative in Portugal or with the help of a legal advisor.

Step 4: Develop Your Business Plan

Create a well-documented, realistic business plan tailored to the Portuguese market. This is a core part of your D2 application and may be evaluated by local authorities or business incubators.

Step 5: Submit Your Application at the Consulate

Apply for the D2 Visa at the Portuguese consulate or embassy in your country of residence. Book an appointment in advance and bring all necessary documentation.

Step 6: Wait for Approval

Visa processing times vary but typically take 30–90 days. During this time, your documents and business plan will be reviewed for approval.

Step 7: Travel to Portugal

Once your D2 Visa is approved, you’ll receive a 4-month entry visa that allows you to enter Portugal and begin the residency process.

Step 8: Apply for Residency at SEF

After arriving in Portugal, schedule an appointment with SEF (Serviço de Estrangeiros e Fronteiras) to apply for your residence permit. Bring all original documents and proof of your arrival.

Step 9: Receive Your Residence Permit

If approved, you’ll receive a 2-year temporary residence permit, which is renewable for 3 years. After 5 years of legal residence, you may apply for permanent residency or Portuguese citizenship.

How Much Does the Portugal D2 Visa Cost?

The total cost of applying for the Portugal D2 Visa varies depending on whether you handle the process yourself or hire professional help. The visa application fee at a Portuguese consulate typically ranges from €90 to €120 (about $97–$130 USD), while the residence permit fee after arrival in Portugal is around €80 to €156 (approximately $87–$170 USD).

You will also need private health insurance, which generally costs between €300 and €500 per year (roughly $325–$540 USD). If you plan to register a company, expect to pay about €220 to €400 for official registration, plus an advisable startup capital of at least €5,000. Additional expenses like document translations, notarizations, and apostille certifications usually range from €200 to €500.

If you choose to work with a legal or immigration consultant, professional fees can range from €1,000 to €5,000 or more. Altogether, a self-managed D2 Visa application will likely cost between €6,000 and €7,500 (around $6,500–$8,100 USD), while a professionally assisted process may rise to €8,000–€12,000+ (approximately $8,600–$13,000+ USD).

Taxes for People With a Portugal D2 Visa

If you hold a Portugal D2 Visa and reside in the country, you are generally considered a tax resident if you spend more than 183 days in Portugal within a 12-month period or have a habitual residence there. As a tax resident, you must declare your worldwide income to the Portuguese tax authorities.

Portugal offers a favorable tax regime for new residents, including the Non-Habitual Resident (NHR) status, which can provide significant tax benefits for up to 10 years. Under NHR, certain foreign income may be exempt or taxed at reduced rates, which is particularly attractive for entrepreneurs and investors.

It’s important to keep accurate financial records and consult with a local tax advisor to ensure compliance with Portuguese tax laws and optimize your tax situation while living and working in Portugal under the D2 Visa.

Living in Portugal with the D2 Visa

Living in Portugal with a D2 Visa opens the door to a vibrant lifestyle rich in culture, history, and natural beauty. Whether you’re setting up a startup, freelancing, or investing in a business, Portugal offers an affordable cost of living compared to many Western European countries, along with a warm climate and welcoming communities. From the stunning coastline of the Algarve to the historic streets of Lisbon and Porto, you can enjoy a high quality of life with excellent healthcare, modern infrastructure, and plenty of opportunities for work-life balance.

The D2 Visa also grants you the freedom to travel within the Schengen Area without additional visas, making Portugal an ideal base for exploring Europe. Beyond the practical benefits, you’ll find a diverse, multicultural environment where innovation and entrepreneurship are encouraged. The country’s supportive business ecosystem and growing digital nomad scene mean you’ll never be short of networking opportunities, coworking spaces, or local events tailored to startups and creatives alike.

Best Cities to Live in Portugal

Choosing the right city can make all the difference when living in Portugal on a D2 Visa. Whether you prefer vibrant urban life, coastal charm, or historic beauty, Portugal offers a variety of cities perfectly suited for entrepreneurs and investors.

Lisbon

Portugal’s capital and largest city, Lisbon combines a dynamic business environment with a rich cultural scene. With a thriving startup ecosystem, numerous coworking spaces, and excellent international connections, Lisbon is ideal for D2 Visa holders looking to launch or grow their business. The city’s beautiful historic neighborhoods, vibrant nightlife, and stunning river views make it an inspiring place to live and work.

Porto

Portugal’s second-largest city, Porto, offers a more relaxed pace while still providing excellent opportunities for business and innovation. Known for its picturesque riverside, charming old town, and renowned wine industry, Porto blends tradition with modernity. The lower cost of living compared to Lisbon and a growing tech community make it attractive for entrepreneurs seeking quality of life without compromising professional growth.

Faro

Located in the Algarve region, Faro is perfect for those who want to combine business with a laid-back coastal lifestyle. Known for its sunny weather, beautiful beaches, and outdoor activities, Faro attracts entrepreneurs who value work-life balance. While smaller than Lisbon and Porto, Faro has a welcoming community and an emerging business scene, making it an appealing choice for D2 Visa holders looking for tranquility alongside opportunity.

Cost of Living

The official currency of Portugal is the Euro. €1 EUR = $1.08 USD.

The average net monthly salary in Portugal is around €1,100, which equates to approximately $1,190 USD.

Here’s a rundown of what you should expect to pay in different cities:

Lisbon

Rent (1 bedroom in city center) – €1,200 per month
Rent (3 bedrooms outside city center) – €1,800 per month
Basic Utilities (electricity, heating, cooling, water, garbage) – €130 per month
Wi-Fi – €30 per month
Public Transport (one-way ticket) – €1.50
Groceries (2 people) – €350–€450 per month

Porto

Rent (1 bedroom in city center) – €900 per month
Rent (3 bedrooms outside city center) – €1,400 per month
Basic Utilities – €110 per month
Wi-Fi – €30 per month
Public Transport (one-way ticket) – €1.20
Groceries (2 people) – €300–€400 per month

Faro

Rent (1 bedroom in city center) – €700 per month
Rent (3 bedrooms outside city center) – €1,100 per month
Basic Utilities – €100 per month
Wi-Fi – €25 per month
Public Transport (one-way ticket) – €1.50
Groceries (2 people) – €280–€380 per month

FAQs

What is the Portugal D2 Visa?

The Portugal D2 Visa is a residence permit designed for entrepreneurs, investors, and freelancers who want to start or manage a business in Portugal.

How long does it take to get the D2 Visa?

Processing times typically range from 60 to 90 days, depending on the Portuguese consulate and the completeness of your application.

Can I bring my family with me on the D2 Visa?

Yes, the D2 Visa allows for family reunification, meaning you can include your spouse and dependent children in your application.

Do I need to have a company already to apply for the D2 Visa?

No, you don’t need to have a company established beforehand, but you must present a viable business plan and show your intention to start or invest in a business in Portugal.

Is health insurance mandatory for the D2 Visa?

Yes, private health insurance covering your stay in Portugal is a mandatory requirement when applying for the D2 Visa.

Can I travel freely within Europe with the D2 Visa?

Yes, the D2 Visa grants you residence in Portugal and allows visa-free travel within the Schengen Area for up to 90 days in any 180-day period.

Can I get help applying for the Portugal D2 Visa?

If you need help applying for a visa, you can talk to Citizen Remote. Get specific advice from one of our experts, or outsource the entire application to our team.

Author