Portugal Startup Visa for Non-EU Founders

A residence-permit route for non-EU/EEA/Swiss entrepreneurs building an innovative or technology-focused company in Portugal. Applications are submitted via IAPMEI platform, after vetting from a qualified incubator — and Build Up Labs is one of them.

Quick Facts

Applicant profile
Non-EU/EEA/Swiss citizen, 18+, no criminal record.
Co-founders
Up to 5; each must hold ≥10% equity.
Financial proof
12 × IAS (Indexante dos Apoios Sociais) per applicant, in a bank account. IAS 2026 is €537.13, so the current threshold is ≈ €6,445.56 per applicant. IAS updates annually — verify the current year before applying.
Business focus
Innovation or technology, international market potential.
Growth threshold
Potential to reach €325,000+ turnover or asset value in 5 years.
IAPMEI review
Target window: 60 to 90 business days after submission.

Who should apply

The Startup Visa is designed for entrepreneurs outside the EU who intend to build — not merely relocate — a technology-or-innovation company in Portugal. It is not a passive investment route (see the Golden Visa for that) and it is not suitable for traditional small businesses.

A single main applicant can apply solo or with up to four co-founders. Each co-founder must hold at least 10% of the company. All applicants must be non-EU/EEA/Swiss, 18 or older, and provide proof of a clean criminal record from their country of origin.

The application process

  1. Project & team preparation. Build the pitch, business plan, financial projections, and team documentation. Most founders underestimate how specific IAPMEI wants these to be — particularly job-creation projections and the path to €325k+ turnover.
  2. Accredited-incubator approval. Applications can only be submitted after an IAPMEI-accredited incubator approval. The incubator reviews fit, commits to supporting the startup, and signs the declaration. Build Up Labs is an accredited Startup Visa incubator — we run this process regularly for non-EU founders we incubate.
  3. IAPMEI submission & review. The entrepreneurs submits the package to IAPMEI. IAPMEI evaluates innovation, scalability, team, market potential, and highly-skilled job creation. Target review window is 60 to 90 business days.
  4. Contract signing. After approval the entrepreneurs must sign a contract with one of the certified incubators within 40 days, committing to the business plan, reporting requirements and physical incubation.
  5. Residence visa at the Portuguese consulate. After IAPMEI approval you apply at the Portuguese consulate in your country of residence with the IAPMEI letter, financial proof, and supporting documents.
  6. Residence permit in Portugal. Enter Portugal on the residence visa, register your address, and convert to a residence permit via AIMA (the immigration authority). Incubation and ongoing progress reports continue during the permit period.

What IAPMEI evaluates

  • Innovation level — how novel the product, technology, or business model is.
  • Scalability — whether the business model can grow without linear increases in cost.
  • Market potential — addressable market and international orientation.
  • Team skills — founder backgrounds and relevant expertise.
  • Highly qualified job creation — plan for hiring skilled professionals in Portugal.

Common failure modes

  • Generic pitch. Submissions that read like a pitch-deck template rather than a genuine innovation thesis are flagged quickly.
  • Job-creation vagueness. Plans that don't specify what highly-qualified roles the startup will create and when tend to stall.
  • No Portugal anchor. Projects that appear to treat Portugal only as a visa jurisdiction (without operational commitment) are viewed skeptically.
  • Wrong vehicle. Traditional small businesses (restaurants, local services) don't fit; this visa is for innovation-driven ventures.

FAQ

Who is eligible for Portugal's Startup Visa?

The main applicant must be a non-EU/EEA/Swiss citizen, at least 18, with no criminal record. Up to five co-founders can apply jointly, each holding at least 10% of the company. The project must be innovation- or technology-focused and have an international-markets orientation.

How much money do I need to show?

The financial proof is 12 × IAS (Indexante dos Apoios Sociais) per applicant, held in a bank account. IAS 2026 is €537.13, so the current threshold is approximately €6,445.56 per applicant. IAS is updated annually by the Portuguese Government — always verify the current year's value before applying. You do not need to prove separate investment capital for the business itself.

What is IAPMEI's role?

IAPMEI (Agência para a Competitividade e Inovação) is the Portuguese agency that reviews and approves Startup Visa applications. They evaluate innovation level, business model scalability, market potential, team skills, and the prospect of creating highly qualified jobs in Portugal.

Why do I need an accredited incubator?

Applications can only be submitted after initial vetting from an IAPMEI-accredited business incubator. The incubator commits to supporting the startup, which is the main quality gate of the program. Build Up Labs is an accredited Startup Visa incubator.

What counts as an innovative startup for this program?

Projects focused on innovation and technology with international-market ambition. IAPMEI looks for potential to reach €325,000+ in annual turnover or asset value after five years, a scalable business model, and the ability to create highly qualified jobs.

How long does the application process take?

IAPMEI targets a review window of 60 to 90 business days after submission. After approval, you have 40 days to sign the contract with an incubator and then apply for the residence visa at the Portuguese consulate.

Can I apply while still outside Portugal?

Yes. The Startup Visa is specifically designed for applicants who are not yet in Portugal. Once approved, you receive a residence visa, enter Portugal, and convert to a residence permit.

What happens after the visa is approved?

You receive a residence permit tied to the startup project. Founders must meaningfully develop the company in Portugal; the incubator monitors progress in a physical non-virtual engagement for at least 12 months until company is incorporated. The visa can be renewed as long as the business continues to operate.

Is this the same as the Golden Visa?

No. The Golden Visa is a residence-by-investment route and has been scaled back for real-estate investment. The Startup Visa is a distinct program for entrepreneurs building a business in Portugal and is based on the business project, not capital deployed.

Sources

Program rules, fees, and financial thresholds are periodically updated by Portuguese authorities. Verify the latest figures with official sources or a licensed advisor before submitting.

Need an Accredited Incubator?

Build Up Labs is an IAPMEI-accredited Startup Visa incubator. If you're a non-EU founder building something we'd back, let's talk.

Apply to be incubated