StartUP Visa is a residence visa for non-EU-Schengen startup founders who want to be part of one of the fastest developing startup communities in Europe. This scheme which aims to attract to Portugal investment, talent and innovation capacity. There are no minimum capital requirements to apply for Portuguese startup visa.
StartUp Visa scheme is ideal for foreign entrepreneurs who intend to develop an entrepreneurial and/or innovative business in Portugal, viewing to allow the granting of visas or residence authorization to these foreign entrepreneurs. This programme is under a specific regulation (Legislative Order Nr. 4/2018).
Entrepreneurs can apply for the scheme, if:
- You are an entrepreneur who intends to develop your startup in Portugal, even though you might not have started your business yet;
- You are an entrepreneur who has already launched a startup in your country and you want to set it up in Portugal;
- You did not have regular residence in the Schengen area in a recent past;
- Â You do not have criminal records;
- Â You are not under 18 years old;
- You have enough funds in your bank account in a total amount of 5,146.08€ for 12 months (per person);
- Your project/startup is focused on tech;
- Your startup shows potential to the creation of jobs, besides the entrepreneurs you include initially, along with yourself, in your application;
- Your startup 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 have the capacity to establish a company, when applicable, during the undergoing of the program;
StartUp Visa welcomes one entrepreneur or more per project, up to a maximum of 5(five) elements. Residence visas under the program shall also be granted up to a maximum of five.
The application process started on the 15th March of 2018. StartUp Visa has no deadline to receive the applications once it is a rolling programme.
StartUp Visa is a residence visa, under article 60th (2) (c) of Act 102/2017 (Aliens Act). Residency visas, according to article 58th (2) of the same Act are valid for 4 (four) months. The visa can be extended, within national territory for a period of 90 (ninety) days and grants the right to apply for a residence permit (article 58th (1) of Act 102/2017).
The family of the entrepreneur develop their regular and professional life in Portugal, during the validity of the entrepreneur’s visa.
Entrepreneurs can apply through this online platform.
Please visit the following websites:
