Startup Visa Portugal
Beginning 15th March, entrepreneurs from all over the world may apply for a Startup Visa in Portugal, a new residence permit recently approved by the Portuguese Government.
Following the success of other investment visa programmes in Portugal, this new visa represents one of the most ambitious and innovative programs for attracting entrepreneurship in the European Union. The main goal is to continue to lure foreign direct investment, with a special focus in R&D projects in the Portuguese market.
Besides obtaining a residence and work permit and taking advantage of Portugal’s highly skilled labour force, entrepreneurs may also be entitled to several tax incentives – both personal and corporate – that were implemented to attract foreign direct investment and R&D research.
International entrepreneurs that wish to access the Startup Visa must demonstrate that:
- Want to develop a business with innovative goods or services;
- Will open or relocate companies and/or projects focused on technology and knowledge, with an expectation to develop innovative products;
- Have the potential to create qualified jobs and generate, within 5 years after the incubation period, a turnover of € 325,000.
Each applicant must also obtain a declaration of interest issued by a certified business incubator.
Please note that the application process for the granting this visa can be complemented by our Online Business & Finetch services.