Portugal Article 92 Residence Permit for Vocational Students (FAQ)

Portugal offers a unique visa program known as the "Startup Visa" or "Entrepreneur Visa" to attract foreign entrepreneurs and investors. This program allows non-EU/EEA/Swiss citizens to obtain a residence permit in Portugal to develop their startup or business ideas.

One of the critical features of this program is that it allows entrepreneurs to reside in Portugal for up to a year to research and understand the market before officially starting their business. During this time, they can network, conduct market research, seek out potential partners or investors, and lay the groundwork for their business operations.

1. 
   Eligibility Criteria: To prepare for the Startup Visa, applicants must meet detailed requirements, such as having a viable and creative business idea, possessing sufficient financial means to support themselves during their stay in Portugal, and demonstrating the potential to create jobs and contribute to the Portuguese economy.
2. Application Process: The application process usually concerns submitting a detailed business plan summarising the proposed startup or business idea, along with other required documents such as proof of funds, passport, and health insurance. Applicants may also need to attend interviews or provide additional information as requested by the authorities.
3. Supportive Ecosystem: Portugal has actively promoted its startup ecosystem with various initiatives and support programs to assist entrepreneurs. These include co-working spaces, startup incubators, accelerators, and networking events where entrepreneurs can connect with mentors, investors, and other stakeholders in the startup society.
4. Residence Permit: Successful applicants receive a residence permit that allows them to live and work in Portugal for an initial period, typically one year. During this time, they are expected to work on launching their business. They may be eligible for residence permit renewal if they meet specific criteria, such as demonstrating progress in their business venture.
5. Benefits for Entrepreneurs: The Startup Visa program offers several advantages for entrepreneurs, including access to the European market, a favourable business environment, a moderately low cost of living compared to other European countries, and a high quality of life.