Portugal Startup Visa
Our expertise include business consulting, incubation placement, legal assistance, and market entry strategies to establish and grow their startups in Portugal.
Overview
The Portugal Startup Visa is designed for business owners or prospective entrepreneurs who want to start creative initiatives in Portugal.
Applying for a visa requires a person to first submit an application to the IAPMEI, an institution that funds initiatives for entrepreneurs; following that, they must pitch a unique business idea and establish a startup in collaboration with a Portuguese business incubator.
A Startup Visa can be used to obtain a resident permit in Portugal. The first card has a two-year expiration date and can be renewed for a further three years. Family members may submit an application for residency in order to reconnect.
Application Requirements
One must register a new company or move an existing one to Portugal in order to obtain a Startup Visa. Collaboration with a Portuguese business incubator is required.
Main Requirements:
1. It needs to have a thorough business strategy, presentation, and budget.
2. Innovation and technology must be the company’s primary priorities.
3. The founder must have €5146 minimum investment fund.
4. No criminal record and tax clearance must be submitted.
5. The business must be able to have an annual turnover of at least €325,000 or have assets worth at least €325,000 after five years. We will help with that!
Application Process
- Business Plan Submission: Entrepreneurs must present a viable and scalable business plan.
- Approval from a Certified Incubator: The startup must be accepted into an incubator recognized by the Portuguese government.
- Application Submission: Once incubator approval is secured, the entrepreneur can apply for the visa through Portugal’s Agency for Competitiveness and Innovation (IAPMEI).
- Visa Issuance & Residence Permit: If approved, the applicant receives a residence visa, followed by a residence permit valid for two years (renewable for another three years).
The IAPMEI and an incubator assess the company idea. Should the startup concept be accepted into the programme, its founders could submit an application for Startup Visa.
ZEYD INCORPORATION LDA provides comprehensive support for entrepreneurs applying for the Portugal Startup Visa, including business consulting, incubation placement, legal assistance, and market entry strategies to establish and grow their startups in Portugal.
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