Last reviewed on March 29, 2024
Portugal Startup Visa
A startup visa to run a business, travel visa-free to the Schengen Area and apply for citizenship after five years
€5,176+
The money in the bank account
3—4 months
Obtaining period
183+ days a year
Living in the country
Portugal Startup Visa is intended for entrepreneurs launching innovative projects in the country. The rules for obtaining this visa are fixed in Articles 60 and 81 of REPSAE, Portugal Immigration Act.
To get a visa, one should submit an application to the IAPMEI, an agency which funds programmes for entrepreneurs; then, present an innovative business project and open a startup in collaboration with a Portuguese business incubator. Up to five partners may be included in the application; the main applicant must be a non-EU citizen or resident.
A Startup Visa leads to getting a Portugal residence permit. The first card is issued for two years and can be renewed for three years. Relatives may obtain residency for family reunification.
Benefits of the Portugal Startup Visa
1
Portugal residency with relatively low costs
To get a Startup Visa, one must confirm having at least €5,146, which is the minimum amount for a year of residence in Portugal. The program doesn’t require any investment with a fixed sum. In comparison, to get a Portugal Golden Visa, one should invest at least €250,000.
To get a Startup Visa, one must confirm having at least €5,146, which is the minimum amount for a year of residence in Portugal. The program doesn’t require any investment with a fixed sum. In comparison, to get a Portugal Golden Visa, one should invest at least €250,000.
2
Moving to Portugal
A Startup Visa allows its holders to live in Portugal, a secure country with a mild climate, picturesque landscapes, and a high standard of living. To retain residency, one must spend 6+ months in a row or 8+ months in total annually in Portugal.
A Startup Visa allows its holders to live in Portugal, a secure country with a mild climate, picturesque landscapes, and a high standard of living. To retain residency, one must spend 6+ months in a row or 8+ months in total annually in Portugal.
3
Visa-free travel to the Schengen Area
Cosmopolitans with Portugal residence permits may spend 90 days out of 180 in other Schengen states without visas.
Cosmopolitans with Portugal residence permits may spend 90 days out of 180 in other Schengen states without visas.
4
Starting a business in Portugal
To get a Portugal Startup Visa, you should open a startup in collaboration with a leading Portuguese business incubator. The incubator can make work in a new country more convenient, for example, help with the documents or provide an office under beneficial terms.
To get a Portugal Startup Visa, you should open a startup in collaboration with a leading Portuguese business incubator. The incubator can make work in a new country more convenient, for example, help with the documents or provide an office under beneficial terms.
5
Tax optimisation
When an entrepreneur has lived in Portugal for 183 days a year, they become a tax resident and may get a 10-year beneficial tax status, Non-habitual Resident. It allows one not to pay taxes on the income earned abroad if it’s taxed in another country with a double tax agreement concluded with Portugal.
When an entrepreneur has lived in Portugal for 183 days a year, they become a tax resident and may get a 10-year beneficial tax status, Non-habitual Resident. It allows one not to pay taxes on the income earned abroad if it’s taxed in another country with a double tax agreement concluded with Portugal.
6
Applying for citizenship after 5 years
You may apply for Portugal citizenship after five years of residence there. Doing business there may increase your chances of approval.
A Portugal passport allows one to travel to 187 countries and move to another EU state. Portugal recognises dual citizenship, so applicants must not renounce other countries’ citizenships.
You may apply for Portugal citizenship after five years of residence there. Doing business there may increase your chances of approval.
A Portugal passport allows one to travel to 187 countries and move to another EU state. Portugal recognises dual citizenship, so applicants must not renounce other countries’ citizenships.
Get maximum information about the process
Step-by-step procedure
Requirements for applicants
Required documents
Answers for frequently asked questions
Portugal Startup Visa requirements for applicants
Portugal Startup Visa costs for an applicant
The primary condition for getting a Startup Visa is to open a company in Portugal in collaboration with a business incubator.
Opening a company. There’s no obligatory investment threshold. An entrepreneur spends money on the creation of the project, transferring their business to Portugal or opening a new one.
Residing in Portugal. You need to confirm that you have money for a year of living there; it is about €5,200 per applicant. Also, an entrepreneur has to rent or buy housing in Portugal to get a registration address.
Government fees are €90 per person for the visa and €85.05 for a residence permit.
Additional costs include health insurance, which usually costs €400 or more. Also, the investor covers legal services and their trip to Portugal to visit the immigration service.
Which company may be suitable for a Startup Visa
To get a Startup Visa, one should form a new company or transfer their existing business to Portugal. Cooperation with a Portuguese business incubator is obligatory.
There are some requirements for projects:
The project may be at the stage of idea, but it must have a detailed business plan, presentation and financial aims.
The company must be focused on innovation and technology.
The company should focus on entering international markets.
There must be a perspective for creating jobs for highly qualified professionals.
The company must have the potential to reach €325,000+ of annual turnover or assets value after five years.
The business plan is evaluated by an incubator and the IAPMEI. If the startup idea is approved for the program, its founders may apply for a visa.
Individual cost calculation for the Portugal Startup Visa
Get an individual calculation for your family with all associated costs and government fees
Differences between the Startup and the Golden visas
Investors can obtain a Portugal Golden Visa by purchasing real estate, securities or other assets. The program’s requirements differ from those for the Startup Visa. For example, the investment amount for the most popular options of the Golden visa is €500,000; the investors must not open a business, and they can include their family members in the initial applications.
Step-by-step procedure for obtaining a Portugal Startup Visa
It takes about two months to obtain a Startup Visa. Then the entrepreneur can visit Portugal and get a residence permit.
Preliminary Due Diligence
A certified Anti Money Laundering Officer conducts preliminary Due Diligence before an entrepreneur signs a contract with Immigrant Invest. This check allows us to foresee possible difficulties and raise the investor’s chances of getting a Portugal Startup Visa.
Gathering the documents
Applicants prepare their business plans, motivation letters and CVs. Also, they get certificates of no criminal record and bank statements that confirm they have funds to live in Portugal.
Immigrant Invest lawyers help an applicant get tax and social security numbers in Portugal and gather the package of documents necessary for the application.
Applying to IAPMEI
The application to the IAPMEi is submitted online, along with the project’s description and documents.
Finding a business incubator
To get a visa, an entrepreneur must find an incubator ready to develop their project. To do so, the applicants must turn to several incubators and pass interviews.
When the incubator approves the project, Immigrant Invest lawyers finish filling out the form at the IAPMEI website. The application will move to the last level and will be awaiting approval.
Consideration of the application
The agency considers the application for 30 days. The entrepreneur can track the progress in their account on the IAPMEI website.
Getting the visa
The agency sends a declaration of participation in the Startup Visa program to the applicant. It is valid for six months; in this time, one must apply for a visa at the Portugal consulate in the country of residence and then visit the office of the immigration service (SEF) on the date of appointment.
Also, an applicant may visit Portugal with a Schengen visa and submit documents immediately to SEF.
Applying for a residence permit
The lawyers book an appointment in SEF, a Portugal immigration service, for the investor to visit it and submit the documents.
Getting a residence permit card
When the application is approved, SEF issues a residence card and sends it to the investor’s address in Portugal.
The first residency card is valid for two years and can be renewed for three years. After five years, the investor may apply for permanent residence or citizenship in Portugal.
Case studies
Residence permit and Immigrant Invest stay with you
New demands may arise after obtaining a Startup Visa or a residence permit. For example, you might seek a beneficial tax status, wish to buy a property or apply for citizenship. Let’s talk about how we can help.
