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Maybe the startup visa is better for you ?

I think with a 100k in your bank you would be fine for a D7. I would put it in a Portuguese bank which can be opened remotely (for example Atlantico). You can also get a NIF online (just google it).

hazmog wrote:

I think with a 100k in your bank you would be fine for a D7. I would put it in a Portuguese bank which can be opened remotely (for example Atlantico). You can also get a NIF online (just google it).

But do they allow me to have my own business later on? or it's a no-work residency? cz it's a bit vague.

Hi Isa Al,

As you are a young person with the characteristics you have mentioned, the Golden Visa is not suitable for you. It seems to me that all other visas mentioned in this link are more appropriated:

/forum/viewtopic.php?id=914843
(Post #6)

- D3: if you work in a highly qualified activity and as a dependent worker
- D2: if you are a digital nomad / freelancer / Independent professional activity
- StartUp Visa: if you want to start a company.

In your case, I think it would be easier, to start with a D7 for 1 year, and then apply for a D2/D3/Startup visa.

Best regards.

____

D7: with this visa, if you don't want to work, you don't have to. After all, it is assumed that you will be living in the country from the income you already have. But those who do want to work, can work. You can convert the visa to another more suitable one, for example on a renewal after 1 year of stay.

D2/D3/startup visa: these visas require you to work, either in the company you have created or bought, or as a self-employed person. The visa assumes that you will obtain your monthly income from these activities and, therefore, to renew it, it will be necessary to prove these earnings from your business.

The D2/startup visa is made for those who have a more entrepreneur profile.
Who may benefit from it are people who work as freelancers (such as digital nomads, for example) or people who intend to open or buy a company in Portugal. For that, it is necessary to put together a business plan, which proves your entrepreneurial initiative.

____

In all these visas it is possible to bring your dependent relatives by family reunification, for that you have to prove the financial means to support them.

JohnnyPT wrote:

Hi Isa Al,

As you are a young person with the characteristics you have mentioned, the Golden Visa is not suitable for you. It seems to me that all other visas mentioned in this link are more appropriated:

/forum/viewtopic.php?id=914843
(Post #6)

- D3: if you work in a highly qualified activity and as a dependent worker
- D2: if you are a digital nomad / freelancer / Independent professional activity
- StartUp Visa: if you want to start a company.

In your case, I think it would be easier, to start with a D7 for 1 year, and then apply for a D2/D3/Startup visa.

Best regards.

____

D7: with this visa, if you don't want to work, you don't have to. After all, it is assumed that you will be living in the country from the income you already have. But those who do want to work, can work. You can convert the visa to another more suitable one, for example on a renewal after 1 year of stay.

D2/D3/startup visa: these visas require you to work, either in the company you have created or bought, or as a self-employed person. The visa assumes that you will obtain your monthly income from these activities and, therefore, to renew it, it will be necessary to prove these earnings from your business.

The D2/startup visa is made for those who have a more entrepreneur profile.
Who may benefit from it are people who work as freelancers (such as digital nomads, for example) or people who intend to open or buy a company in Portugal. For that, it is necessary to put together a business plan, which proves your entrepreneurial initiative.

____

In all these visas it is possible to bring your dependent relatives by family reunification, for that you have to prove the financial means to support them.

Hey, thanks a lot for your detailed reply! I just have one point to clarify.

You mentioned that with a D7 visa I can work and upon renewing it after a year, I can change the visa type. But am I allowed to work directly with the D7 visa? or I have to wait until the renewal to change the visa type and work?

and if so, can I stay later on with the D7 visa instead of converting it to D2/D3 while I am working in my own company and employing others ( not a freelancer)? because as I know the D7 is the easiest and it has less requirements especially if the type of business I am doing isn't that huge or unique for example.

D7 Visa:

"The legislation in force does not preclude the possibility of the residence permit holders being able to work or study in Portugal, without any need for an additional visa or authorization."



__

"Both of these residence permits give you the right to live, invest, and work in Portugal."



__

"It鈥檚 also suitable for remote workers and freelancers, despite often being referred to as the 鈥減assive income visa,鈥� and many people on the D7 are full-time remote workers, freelancers, or entrepreneurs. But, regardless of whether they鈥檙e actively or passively earning their income, the common denominator between all of these people is that they鈥檙e bringing their own source of income to Portugal."


(...)

JohnnyPT wrote:

D7 Visa:

"The legislation in force does not preclude the possibility of the residence permit holders being able to work or study in Portugal, without any need for an additional visa or authorization."



__

"Both of these residence permits give you the right to live, invest, and work in Portugal."



__

"It鈥檚 also suitable for remote workers and freelancers, despite often being referred to as the 鈥減assive income visa,鈥� and many people on the D7 are full-time remote workers, freelancers, or entrepreneurs. But, regardless of whether they鈥檙e actively or passively earning their income, the common denominator between all of these people is that they鈥檙e bringing their own source of income to Portugal."


(...)

Thanks again for your explanation

However, it is a bit vague after reading this part "But, regardless of whether they鈥檙e actively or passively earning their income, the common denominator between all of these people is that they鈥檙e bringing their own source of income to Portugal."

it sounds as if they just want you to bring money from abroad, and not work and make your Portuguese income your main source of income. it's a bit vague

Hello again , it's not vague. The D7 visa has these specific characteristics. You can work if you want, but you have to have a financial support. That's why it's a visa more used for retired people.

For work, there are other visas that are more suitable for you. I have already presented them in my previous post. In those cases, you don't need to have that financial support that is required from you in advance...

Regards

JohnnyPT wrote:

Hello again , it's not vague. The D7 visa has these specific characteristics. You can work if you want, but you have to have a financial support. That's why it's a visa more used for retired people.

For work, there are other visas that are more suitable for you. I have already presented them in my previous post. In those cases, you don't need to have that financial support that is required from you in advance...

Regards

I get it. Thanks a lot for your help, Johnny