• Portugal
    Start-Up Visa

    By Marina Andrade

    18-03-2019

    The Portuguese Government incorporated in the Portuguese Immigration Law a new type of visa, called the Start-up Visa. This visa is a residence visa for non-EU-Schengen start-up founders who want to be part of one of the fastest developing start-up communities in Europe - Portugal.

    So, if your intention is to apply for this kind of visa you will need to fulfil the following mandatory conditions:

    • You must be an entrepreneur who intends to develop a start-up in Portugal, even though you might not have started your business yet;
    • You are an entrepreneur who has already launched a start-up in your country, and you want to set it up in Portugal;
    • You did not have regular residence in the Schengen area in your recent past;
    • You do not have a criminal record;
    • You are not younger than 18 years old;
    • You had at least €5,146.08 in your personal bank account for at least 12 months (per person).

    Furthermore, and in order to instruct the said residence permit request, your will have to submit documents that may proof the said entrepreneur activities, as the following ones:

    • You will have to proof that your project/start-up is focused on tech;
    • You will have to proof that your start-up shows potential to the creation of jobs, besides the entrepreneurs you include initially, along with yourself, in your application;
    • You will have to proof that your start-up shows the potential to generate a turnover of 325,000€/ year and/or assets value over 325,000€/ year, within 5 years after the start of the contract with your chosen incubator;
    • You will have to proof that you have the capacity to establish a company, when applicable, during the undergoing of the program.

    Once you select one of the certified incubators (from the list foreseen in http://www.rni.pt/visa) to physically incubate your start-up within the Start-up Visa program your application is complete and you are ready to start the proceeding that may be submitted any time, provided that the above mentioned conditions are foreseen.

    So, based on the above and after being everything prepared to start the proceeding you will have to:

    1. Access the Start-up Visa online platform (https://webapps.iapmei.pt/StartupVisa/VisaEmp/Account/Login.aspx?AspxAutoDetectCookieSupport=1).
    2. The application is submitted in Portuguese or in English language, through an online form, available in the online platform of the program - and instructed with A motivation letter demonstrating your interest on developing an entrepreneurial and/or innovative project in Portugal; Documents necessary for the eligibility process; and Identification and slide deck of the entrepreneurial project.
    3. The incubator of your preference gets a notice of your application and revises it.
    4. If your application is accepted, you will get approved by the incubator and get a notification on the portal informing you about it.

    The evaluation of your application is based on the degree of innovation, the scalability of the business, the market potential, the capacity of the management team and the potential for creating jobs.

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  • The information provided in this article is for general information purposes only. The information is not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified professional on any specific matter.

Marina Andrade

Marina Andrade is based in Portugal and has been a member of the Portuguese BAR Association since 2009. Marina Andrade has over 12 years of experience specializing in international issues as Immigration Law and Non Habitual Tax Residence Regime in Portugal. She has written articles in the Portuguese News Papers, as well as in international papers as Multilaw. Marina Andrade gained experience through volunteering, having helped institutions as JA Worldwide.

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