How does a startup visa work?
A startup visa in Portugal (Article 89.4) is an easy way to move here with a team of colleagues, even if you just have an idea for a startup.
More so, it is better to have just an idea, and not a set and functioning business – then the process of obtaining a residence permit using a start-up visa will be much faster.
The Founder/Founders should be over 18 years old, have no criminal record, reside outside of the Schengen countries, have no tax debts and can prove that they have more than €5,200 on their bank account.
Each member of the team (1-5 people) should have higher education.
Getting approval of one of the local business incubators.
Potential for achievememt of a turnover of more than €325,000 per year and/or value of assets of more than €325,000 per year in 5 years after the incubation period.