Get Portugal Residency
with Entrepreneur Visa
Benefits
- Applicants can travel all the schengen area of Europe (26 EU Countries) along with Portugal freely without a visa
- Applicants can bring their family members under family reunification and are granted similar residency rights. This means that a partner, children under 18, dependent children over 18 that are studying, parents, and minor siblings
- Applicants can get a Residency Permit with an entrepreneur visa by Foreigners and Borders Service (SEF), After 5 years this can become a Permanent Residency status
- Applicants can become Portuguese citizens after 5 years of legal residency.
- With Entrepreneur Visa, Applicants can become Non-habitual Tax Residents to enjoy the incentives of fiscal regime
If you have an idea of a business and want to kick start it somewhere in Europe, then the name of Portugal comes first as the benefits and perks of settling in Portugal are very much attractive. Portugal’s lowish cost of living, Lower tax rates, Good weather, and safety along with the ease of moving to a European country are lucrative on a personal level. However, opening a business abroad is not a piece of cake without the proper support and expertise. This is where “Move in EU” experts will come in handy.
Entrepreneur Visa or “Immigrant Entrepreneur Visa” as it’s sometimes called, is for third-country nationals (Non-EU/EEA/Swiss) who want to start a business in Portugal along with the residency permit. You can completely start a new business or create a new branch of an existing business or move your business to Portugal. With a steady flow of income based on Freelance work or as an independent service provider, your dream of living in Europe can come true.
Eligibility
- All Non-EU/EEA/Swiss nationals who are entrepreneurs or freelancers or independent service providers can apply for a Portugal Entrepreneur Visa
- Applicants must need to have the financial capability to set up a company operating in Portugal, Though there’s no official amount stated the recommended amount should be at least €5,000
- Applicants must be capable of financial sustainability, As a Main applicant's minimum salary needs to be €8,460 per year. For a spouse, you must add 50% to this (€4,230) and for a dependent child, you must add 30% to this (€2,538). Therefore, for a couple with one child, you would need around €15,300 a year to be eligible for the Entrepreneur visa
- Applicants must need to have a legit and solid business plan that will be reviewed by the authority for its economic impact and growth in Portugal
- Finally, Applicants need to explain a reasonable explanation in their application on why they selected Portugal for their business
Visa Application Requirements
- Visa application form
- Passport valid for more than 3 months the expected length of stay
- Two identical pictures
- Proof of means of subsistence
- Proof of accommodation
- Health insurance
- Criminal Background Certificate (valid for 90 days)
- Certified copy of the identity card
- Request that authorizes the consultation by the Foreigners and Borders Service (SEF) on the criminal history of Portugal
- Declaration by the applicant, identifying, for example, the reason for the visa application, the time he intends to live in Portugal, and where he intends to live
- Declaration to be aware that you should not travel to Portugal without having a visa
- A declaration that it has carried out or intends to carry out an investment operation in Portugal, indicating its nature, value, and duration and proof that it has carried out investment operations; or proof that you have financial means available to invest in Portugal
Visa Duration and Renewal
Entrepreneur visa, is for residence purpose, that allows the applicant to stay in Portugal for up to four(04) months and allows two (02) different entries in the country. The consulate where the visa is requested takes sixty (60) working days to issue the visa and the validity of it is between 90 to 120 days to decide if the visa is issued.
The reason for the initial period of four (04) months is to enable the future applications of the Residency permit to establish himself in Portugal and to take care of all the necessary details to apply for the resident permit, such as finding an apartment to rent or a property to buy.
| Time Period | Minimum Stay in Portugal | Renewal Period | Renewal Options |
|---|---|---|---|
| 1st Year | Six (06) consecutive months or eight (08) non-consecutive months | End of 1st Year | 2 Year Residency Permit |
| 2nd and 3rd Year | Six (06) consecutive months or eight (08) non-consecutive months | End of 3rd Year | 2 Year Residency Permit |
| 4th & 5th Year | Six (06) consecutive months or eight (08) non-consecutive months | End of 5th Year | Permanent Residency/ Citizenship, 2 year residency permit |
Visa Process
“Move in EU” Visa experts will guide you step by step to be eligible for the Entrepreneur Visa in Portugal, However, you should fulfill certain requirements set by the government.
It is essential to meet each one of them because there is a panel that evaluates the conditions and the potential of the company’s contribution to the country. In other words, the evaluators should see the value of the organization. For this, elements such as
- Viability of the business;
- Structured business plan;
- The capital stock;
- Reasons that led to the creation of the business;
- Proof of financial resources for scaling;
- Networking and experience of managers.
Stage One
Stage Two
Move in EU Services
- Preliminary application consultancy
- Aid in to incorporate your company in Portugal
- Opening a Bank Account in Local Portugal Bank
- Creating a NISS number of yours in Portugal
- Arranging meeting with consulates to submit your visa application
- Fiscal representation to include a fiscal number application
- Cross-border planning and guidance such as accommodation, health id and etc
- Guidance on the documentation required for the application process at SEF (Immigration control)
Our additional services
- Tax advisory services
- Guidance on Non-Habitual Resident (NHR) Tax application
- Assistance on Preparation and submission of Personal Income Tax
