01. The Tech Visa (D2)
Are you an aspiring entrepreneur looking to bring innovation to Portugal? The Startup Visa, provided through IAPMEI, is your gateway to residence in Portugal, aimed at attracting investment, talent, and innovation to the country. This simplified guide will help you understand the criteria and steps to obtain a Startup Visa.
Who Can Apply?
The Startup Visa is available to young entrepreneurs worldwide who want to create or relocate innovative companies to Portugal. To qualify, you must meet the following criteria:
Business Innovation: Intend to develop innovative products or services.
Technology and Knowledge: Focus your business on technology and knowledge, with the goal of creating innovative products.
Job Creation: Have the potential to create qualified employment opportunities.
Financial Goals: Aim to achieve a turnover of over €325,000 per year and/or assets worth over €325,000 per year within five years of the incubation period.
02. The Evaluation Process:
Your application will be evaluated based on various factors, including:
Degree of Innovation: How innovative is your business idea or product?
Scalability: Can your business grow and expand?
Market Potential: Is there a market for your product or service?
Management Team: Do you have a capable team?
Job Creation: Will your business create qualified jobs in Portugal?
Applicant’s Role: What is your role in the team?
03. The Application Process:
Here’s a simplified overview of the application process:
Meet Mandatory Requirements: Ensure you meet all the mandatory requirements, including:
Residency outside the European Schengen Area
No debts to Social Security or Tax Authority
No criminal record
Age above 18
Proof of €5,146.8 per person in your bank account
Explore Certified Incubators: Discover certified incubators and request a quotation for their services. You can find a list of certified incubators through the National Network of Incubators (RNI).
Apply Online: Submit your application for the Startup Visa program online.
Review and Approval: IAPMEI will review and approve your application.
Sign a Contract: Once approved, sign a contract with the certified incubator and submit it to the Startup Visa platform.
Visa Application: Proceed with your visa application.
Contact Al Safar for Expert Assistance
Navigating the Startup Visa process in a foreign country can be challenging. For expert guidance and assistance in obtaining your Startup Visa for Portugal, contact Al Safar. We’re here to help you turn your entrepreneurial dreams into reality in Portugal.
Please note that visa and program requirements may change, so it’s crucial to stay updated on the latest regulations.