What is the StartUP Visa
The StartUP Visa is a program that welcomes foreign entrepreneurs who wish to develop an entrepreneurial and/or innovation project in Portugal. Foreign entrepreneurs who wish to start an innovative company will have access to a residence visa that will give them the possibility of creating a start-up from scratch or relocating an existing one to Portugal. To do so entrepreneurs must show the following:
- That they wish to develop activities for producing innovative goods and services from an internationalization perspective;
- That their projects and/or companies focus on technology and knowledge with potential development of innovative products;
- That they have the potential to create qualified employment;
- That they have the capacity to establish a company and the potential to reach a turnover greater than €325,000/year and/or assets valued at more than €325,000/year, up to 5 (five) years after the validity of the incubation contract.
Assessment of the economic and innovative potential is made on the basis of the degree of innovation, scalability of the business, market potential, the capacity of the management team and the potential to create qualified employment in Portugal.