The Portugal startup Visa is designed to help entrepreneurs who are starting new and creative projects in Portugal. If you want to apply for the visa, you need to apply IAPMEI, an agency that supports programs for entrepreneurs. Along with your application, you must present an innovative business plan and establish a startup in partnership with a Portuguese business incubator.
You can include up to five partners in your application, but the main applicant must be someone who is not a citizen or resident of the EU. Once approved, the Startup Visa allows you to get a residence permit in Portugal. The initial permit is valid for two years and can be renewed for an additional three years. Family members can also apply for residency to join you in Portugal.
This visa is an ideal opportunity for entrepreneurs to develop their ideas in Portugal, benefit from the support of local incubators, and build a sustainable business while enjoying life in a beautiful country.
How to Qualify for a Portugal Startup Visa
To qualify as a startup founder under the Portugal Startup Visa, you need to meet several requirements:
Foreign Entrepreneur
You must be a citizen of a country outside the EU/EEA, Switzerland, or a permanent resident of Portugal.
No Debts
You must not owe any outstanding debts to the Social Security or Tax Authority in Portugal.
Clean Criminal Record
You need to provide proof of having a clean criminal record in your home country or any country where you have lived for more than one year.
Financial Capability
You should demonstrate that you have the financial means to support yourself in Portugal for at least one year.
Housing
You should have suitable accommodation arranged either by renting or purchasing in Portugal.
Age Requirement
You must be at least 18 years old to qualify for a startup Visa in Portugal.
Important Steps to Follow When Applying for a Startup Visa in Portugal
Applying for the Startup Visa in Portugal involves the following steps:
Step 1 – Develop Your Business Plan
Create a comprehensive business plan that focuses on innovation and technology. Your plan should outline how your venture will contribute to the Portuguese economy and detail your proposed business activities.
Step 2 – Prepare Required Documents
Gather all necessary documentation, including, the motivation letter where you explain why you want to launch your startup in Portugal and how it aligns with your professional goals. Then, make sure to provide a detailed presentation of your business idea, highlighting its innovative aspects and potential impact.
It is also important to include your resume detailing your professional background and relevant experience. Then, there is also the case of the supporting documents. These may vary but typically include proof of financial means, a clean criminal record certificate, and documentation related to accommodation in Portugal.
Plus, you’ll need taxpayer and social security numbers, which can be facilitated with the help of an immigration invest lawyer if you don’t already have them.
Step 3 – Submit Your Application
Submit your application to IAPMEI or another relevant entity designated by the Portuguese government to process Startup Visa applications.
Step 4 – Review and Approval
Your application will be reviewed based on the criteria set forth in the Portugal Immigration Act. If approved, you’ll receive a Startup Visa, allowing you to proceed with establishing your startup in Portugal.
Step 5 – Book an Appointment with the Portuguese Consulate
Contact your country’s Portuguese Consulate to schedule an appointment. During this appointment, you will submit your approved application and all necessary documents. Upon verification and approval, you will receive your Startup Visa.
Step 6 – Apply for Residency in Portugal
Upon arrival in Portugal, you or your legal representative should arrange an appointment with, which is Portugal’s Foreigners and Border Service. At SEF, you will need to submit your residency application and provide biometric data.
Step 7 – Get Your Residence Card
After your residency application is processed and approved, you will receive a residence card. The initial Residence Permit is typically valid for two years. Subsequent renewals can extend the validity to three years per issuance.
Important Documents Needed for Portugal Startup Visa
You will need the following documents to apply for the Portugal Startup Visa:
Photographs
Applicants need to submit two recent, colored photographs that meet the specified requirements
Passport and Residency Card
A copy of your valid passport is mandatory. If you are already a resident of another country, include a copy of your residency card.
Letter of Motivation
Applicants must submit a letter explaining their interest in developing their innovative idea in Portugal and how it aligns with their career goals.
Business Plan and Project Presentation
You need to have a detailed business plan outlining your innovative project and its potential impact on the Portuguese economy. Prepare a project presentation to support your application.
Criminal Record Clearance
When applying for a Portugal startup Visa, make sure to submit certificates from your countries of residence and origin proving you have a clean criminal record.
Financial Proof
A bank statement showing that you have at least €5146.8 or the latest amount required to support yourself in Portugal.
Portuguese Taxpayer’s Number
Obtain a Portuguese taxpayer’s number, which is required for legal and tax purposes in Portugal.
Updated Curriculum Vitae
Make sure that your resume details your professional education, background, and relevant experience.
Social Security Number
If applicable, provide a Social Security Number from Portugal.
Proof of Accommodation
Documentation showing that you have suitable accommodation arranged in Portugal.
What to Do Once You Apply for the Visa
After successfully applying for your Portugal startup Visa, IAPMEI will issue you a declaration confirming your participation in the Visa scheme. This document is essential for getting a Residence Permit in Portugal.
In addition to the declaration from IAPMEI, you must demonstrate your financial capability before applying for residency. This involves showing that you have enough funds to support yourself and to secure suitable accommodation in Portugal.
Interested in learning more about the Portugal startup Visa application process? If so, CLICK HERE and our seasoned representatives will offer you all the guidance you need.
