Portugal D Visa Guide: D2, D7 &D8 Visas for Business Owners, Retirees, And Remote Professionals

Portugal, a southwestern European country rich in history and vibrant culture, attracts millions of foreigners to the country due to its stunning natural diversity, perfect work environment, high innovation, affordable quality of life, and good infrastructure. The secure and stable country, Portugal, has become a home of over 1 million foreign residents in recent years. 

The foreign population makes up around 14-15% of Portugal’s whole population. Most of these individuals move to Portugal for work, lifestyle, and safety, which they can secure under the Portugal D Visas offered by the government. The D-type visa Portugal includes Portugal D7 Visa, D2 Visa, and D8 Visa for retirees, entrepreneurs, and remote workers, respectively.  

What is a Portugal D Visa and Who is It For?

Global successful entrepreneurs and business owners need worldwide access to attend business trips, exhibitions, and expand their business beyond borders. Portugal D visa type: D2 Visa is the best strategic choice for these individuals as it grants them visa-free access to the entire EU Schengen zone, including 27 countries, for 90 days within a 180-day period, providing them an opportunity to travel seamlessly and explore EU business markets. 

Portugal D Visa is a long-term residency visa designed for individuals, including businessmen, entrepreneurs, and remote workers, who want to manage their business from Portugal, spend their retirement life in the stunning country with beautiful landscapes, and do remote work while living with their family in Portugal. Moreover, apart from allowing family reunification, it also provides a pathway to permanent residency and citizenship. 

Portugal Business Immigration – D2 Visa Portugal

International travel is an essential part of a business owner’s travel routine. They need to travel for work purposes, which includes attending meetings and conferences. Visa rejections kill their business expansion, Portugal D2 visa appears as a relief for these individuals or entrepreneurs as they can travel to the EU Schengen zone without wasting their time on long visa processes. This allows them to build foreign connections and partnerships crucial for their business’ global recognition. 

What is the D2 Visa Portugal?

The government of Portugal designed the D2 Visa Portugal for businessmen and startup owners who need to establish their brands in Portugal, purchase an already established brand, or expand their business internationally. The main purpose of launching the visa was also to attract fresh global talent and new business ideas to the country. 

The D2 Visa holders get a temporary residency permit, valid for 4 months, allowing them to live and work in Portugal. The individuals, however, need to schedule their appointment with AIMA (Agency for Integration, Migration, and Asylum) to get the long-term residency permit. 

How Much Bank Balance Is Required for a Portugal D2 Visa?

The entrepreneurs or businessmen must demonstrate to the authorities their ability to work and stay in Portugal, which includes checks for financial stability, which ensures you must have living expenses for a one-year stay in Portugal. 

The requirements include a minimum wage, i.e., 870*12 = 10440 annually, for the applicants, but for additional family members’ sponsorship, such as spouse and dependent children, the applicant needs to add 50% and 30% of a one-year expense, respectively. 

Processing Time for Portugal D2 Visa

The processing time for a D2 Visa Portugal could be 6 to 12 months. 

Passive Income Residency – Portugal D7 Visa

Portugal D visa is designed for passive income earners (pensions, rentals, dividends) who can support themselves without earning in Portugal. These individuals can get Portuguese residency by meeting the minimum income requirements for the Portugal D7 visa. 

What is the Portugal D7 Visa?

The Portugal D7 Visa has two categories, including:

• Temporary Stay Visa: It is for a temporary stay for 1 year and can be renewed for up to 2 years. It allows multiple entry and exit to retirees in Portugal, but does not grant them the right to live in Portugal permanently. 

• Residency Visa: It is for individuals seeking long-term residency, and its validity is 2 years. The individuals can renew it for 3 years and can get Portuguese permanent residency.

Portugal D7 Visa Requirements for Pakistani Applicants

Pakistani applicants need to show income proof of living in Portugal that aligns with the Portuguese minimum wage standards. They must also be able to be accommodated in Portugal and have a clean criminal record. 

Remote Work Residency – Portugal D8 Visa

Many freelancers and remote workers seek residency in Portugal to live in the beautiful country with their family and manage their online work. The Portugal D8 visa is designed for these individuals, including non-EU/EEA/Swiss nationals, to allow them to reside in Portugal. 

What is the Portugal D8 Visa?

The Portugal D8 visa grants a minimum of 1 year residency rights to remote workers or digital nomads in Portugal. The major benefit they get from the D8 visa is that they can travel visa-free to all 29 European Schengen states. 

Conclusion: Choosing the Right Portugal D Visa

For global investors, it is very important that they select the correct Portugal D Visa according to their profile and purpose of residency. They must first understand each D-type visa of Portugal to choose efficiently what will work most for them, including the long-term benefits.