The Portuguese Entrepreneur Visa or Start Up Visa & Residence Permit which offers the possibility of acquiring a residence visa or residence permit to those entrepreneurs, over 18 years of age, foreigners without permanent residence in the Shenegen Area who intend to create or develop a business project with innovative characteristics in Portugal.
Business plan, justifying the innovative nature of the business.
Within this probram, up to 5 people can apply as tntrepreneurs, all of whom must inividually meet the requirements such as being of legal age, not having a criminal record, not residing in the Schengen Area and proving the their personal contribution to the business in essential for its development.
Proof of sufficient financial means to support themselves and their family members in Portugal.
In the first stage it is necessary to demostrate the interest of at least one incubator company with which the characteristics and competences of the project coincide by oataining the declaration of interest, accrediting the innovative nature of the projet, growth potential, prospect of establishing in Portugal, etc.
In the second stage of the procedure, the Portuguese Agency for Competitiveness and Innovation (LAPMEI) evaluates the application and may request additional elements.
After the agency's favorable decision, entrepreneurs must formalize the incubation contract and the proceed to apply for a visa or residence permit on a case-by-case basis.