How to get a residence permit
in Portugal through business:
requirements and procedures
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Who are we?
LFT Advisors provides services for international business planning and structuring. Our team of lawyers, accountants, auditors, and tax consultants helps entrepreneurs effectively manage international projects, offering high-quality service and expert support at every stage.
What do we offer?
We provide all the necessary business services in one place. We operate on a “one-stop-shop” principle, freeing you from the need to interact with multiple contractors and incur additional costs. We cover the full spectrum of your needs—from company registration to obtaining licenses and opening bank accounts.
Why choose us?
Every action we take is carried out with respect and care for your money, reputation, and ambitions. We don’t use generic solutions; instead, we create personalized tools tailored to the specific tasks and needs of your business.
Collaboration Process
- Initial Consultation:
At this stage, we discuss your business goals and needs to determine which services are required. - Strategy Development:
We analyze your current situation and develop a custom action plan focused on achieving your goals. - Implementation:
We handle all aspects of the process—from company registration to bank account opening, licensing, and taxation. - Support and Assistance:
After a successful start, we continue working with you, providing ongoing support, updates, and consultations as needed. - Results Evaluation:
We regularly assess the results achieved and adjust the strategy to maximize efficiency and reach your business objectives.
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Portugal, with its favorable business environment and high quality of life, is increasingly popular among foreign entrepreneurs seeking the opportunity to obtain a residence permit (residency) through investment.
In this article, we outline the main requirements and procedures for obtaining residency in Portugal through business, as well as the benefits available to foreign investors.
Why is it profitable for businesses to work here?
Portugal is beneficial for business due to its low corporate tax rate of 21%, as well as special programs such as Non-Habitual Resident (NHR), which offers 0% tax on foreign income. The country is a member of the EU, which gives access to the single European market and simplifies international trade.
Portugal actively supports startups and IT companies, providing flexible conditions for their development, and attracts entrepreneurs with a high standard of living and a stable economy.
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Key Requirements
1. Minimal investment
To qualify for residency through business in Portugal, a specific investment amount is required. This usually includes:
- Investments in a new or existing business that complies with Portuguese law.
- The minimum investment ranges from fifty thousand euros to two hundred fifty thousand euros, depending on the business type and its location.
2. Creation of jobs
To obtain residency through business, it’s also necessary to demonstrate that your business creates new jobs for Portuguese citizens. This typically means creating a minimum of five to ten new jobs.
3. Tax obligations
Your business must meet all Portuguese tax requirements. This includes company registration, regular filing of tax returns, and timely tax payments. Entrepreneurs should have a clear understanding of Portugal’s tax policy and adhere to all regulations.
4. Conducting business
It’s essential to show that your business has a realistic chance of success and benefits Portugal’s economy. This may include a business plan that demonstrates the business’s viability and potential.
Procedure for Obtaining Residency through Business
- Preparation of documentation:
Before applying for residency, all required documents should be prepared, including:
– Business plan.
– Documents proving investment and job creation.
– Documents showing your financial status.
– Results of a business review conducted by relevant authorities. - Application submission:
The application for residency can be submitted through the Portuguese consulate in your country or directly in Portugal. The application should include all business details and evidence of compliance with all requirements. - Review of the application:
The evaluation process can range from several months to up to a year, influenced by the volume of documentation provided and the nature of your business. Throughout this period, you might be requested to attend additional interviews or submit supplementary documents. - Acquiring Residency:
Once your application is approved, you will be issued a residence permit, granting you the right to live and work legally in Portugal. This permit is typically valid for one to five years and can be renewed upon expiration.
Advantages of Gaining Residency in Portugal via Business
1. Access to the European market
Securing residency in Portugal opens the door to the European market, enabling you to operate your business across the EU without extra limitations.
2. Possibility of obtaining citizenship
After maintaining legal residency in Portugal for five years, you become eligible to apply for Portuguese citizenship, which includes the full rights and privileges of EU citizenship.
3. High standard of living
Portugal is known for its excellent quality of life, pleasant climate, and secure environment, making it an appealing destination for both living and conducting business.
4. Tax incentives
The country also offers advantageous tax policies for foreign entrepreneurs, including incentives for start-ups and specialized tax schemes.
Obtaining residency in Portugal through business is a real opportunity for foreign entrepreneurs to expand their business horizons and access the lucrative European market.
LFT Advisors is ready to assist you in all aspects of this process—from document preparation to legal and tax consultations. Contact us, and we’ll help you bring your business idea to life in Portugal!
Contact us and we will help you to implement
your business idea in Portugal
Request Commercial Offer
