The nation is situated in the southern part of Europe, and foreign investors and business owners are welcome. But on several conditions, the opportunity will not be taken for granted.
Type of visa in Portugal
Here’s the list of the visas used in the country and who they are meant for:
D7 visa
It is used as a step to get the D2 visa, it is mostly for independent foreigners or noncitizens,
Startup visa
As the name implies, it is for new startups or yet-to-be-registered startup owners. You are required to have a well-organized business idea, proof of accommodation, and funds.
Golden visa
This is a visa that is gotten through investment opportunities, you invest nothing less than two hundred thousand Euros and get a residence permit.
D2 visa
The visa is valid for four months and it is particularly for big entrepreneurs or investors. To get this, buy a company in the country, and make an investment that will benefit the country, among others.
Business visa
To get a visa the confirmed registration for trade fairs, that is a letter that states your purpose of travel. Other credentials can be requested, so take them along.
Things to remember
Here are important things to always keep in mind before and even after immigration:
- Do not forget the credentials required for company registration.
- Do not take any steps without legal support.
- Do not submit incomplete documents, it can cause issues which can be prevented when you do the right things.
Factors to consider before investing or opening a business
Here are some basic factors to consider before you venture into business in the country to avoid regrets, they are:
Political stability
Before you choose to invest or start a business, make sure to read through the past political and government history. This will help you see if your investment will be safe because any issue and the investment can be gone.
Stable economy
In other words, economic stability, if the economy is not stable it will be risky to invest or begin a business. Also understand the economic requirements, like a certain percentage to be paid to the country, apart from taxes.
Location and climate
Does the location of the nation suit your type of investment and hope the climate or weather conditions will not affect your investment? No, Portugal has an attractive location with a favorable climate condition.
How to choose a sector or place to invest in Portugal
Capital appreciation
Does this particular sector tend to make a profit or loss? You have to be disciplined when it comes to opening a company or investing. No friendship goals but pure business.
Legal framework
The legal team has to meet your legal team and have a quality discussion. After the discussion, then it will be crystal clear if the proposals from both sides can hold water.
Tax implications
There are companies that when you invest in them the tax is shared to both parties and more. While some leave you to incur all the tax alone, it is vital to understand their tax payment policies and implications.
Documents required
A comprehensive list of the documents required from the migration:
- Proof of accommodation.
- Proof of access to funds.
- Health certificate.
- Passport.
- Criminal history.
- Company documents, if applicable.
- Investment document, if applicable.
Immigration procedures
Here are the procedures for business immigration:
Research
Make research on everything you need to know and every step you will be taking.
Apply for visa
Apply for the visa that suits your case, be it business or investment.
Wait for approval and set out
Wait for the approval of your visa, and then set out to the country.
Arrival
Upon arrival, settle in, and arrange the necessary things. Get ready for meetings.
Submission process
Getting ready for meetings means that you will need to see the authorities involved to vet your business documents and sign them.
Enjoy the sail
Enjoy the smooth sail of your business or invest, as you await the potential profits.
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