Starting a Business and Obtaining Residency in Portugal: A Comprehensive Guide

Navigate the process of launching a business and securing residency in Portugal, from visa requirements to company registration and tax compliance.

Portugal has become a popular destination for entrepreneurs and digital nomads looking to start a business and obtain residency in a business-friendly environment. With its mild climate, beautiful landscapes, and welcoming culture, Portugal offers an attractive lifestyle for those looking to relocate. In this comprehensive guide, we will walk you through the process of starting a business and obtaining residency in Portugal, covering visa requirements, company registration, tax compliance, and more.

I. Introduction

Portugal’s business-friendly environment and residency options make it an attractive destination for entrepreneurs and digital nomads. However, navigating the process of starting a business and obtaining residency can be complex and time-consuming. In this guide, we will provide an overview of the requirements and process for starting a business and obtaining residency in Portugal, helping you to make informed decisions and avoid potential pitfalls.

II. Visa Requirements for Non-EU Citizens

Non-EU/EEA/Swiss citizens must obtain a Portuguese visa before starting a business and obtaining residency in Portugal. There are three main visa options for entrepreneurs: the D2 Entrepreneur Visa, the Startup Visa, and the Golden Visa.

D2 Entrepreneur Visa

The D2 Visa requires a solid business plan, proof of economic viability, and evidence of relevant experience in the business sector. This visa is suitable for entrepreneurs who want to start a business in Portugal and have a clear plan for its development.

Startup Visa

The Startup Visa is designed for non-EU entrepreneurs with innovative, scalable business ideas. To be eligible, applicants must have their business idea approved by an accredited Portuguese business incubator and IAPMEI (the Portuguese Agency for Competitiveness and Innovation). Additionally, applicants must show sufficient funds for living in Portugal (typically €5,146.80–€10,440 per person for one year), a clean criminal record, and a detailed business plan focused on innovation and international growth.

Golden Visa

The Golden Visa route allows residency through investment, such as investing at least €250,000 in cultural projects, €500,000 in an existing business (creating at least five jobs), or creating a new company with at least ten jobs (eight in low-density areas). This visa requires maintaining the investment for at least five years and spending an average of seven days per year in Portugal.

III. Registration and Requirements for EU Citizens

EU/EEA/Swiss citizens only need to register for taxes (NIF), social security, and obtain a registration certificate at the local city hall within 30 days after their first three months in Portugal. This process is relatively straightforward and can be completed online or in person.

IV. Company Registration in Portugal

To register a business in Portugal, you will need to obtain a Portuguese tax identification number (NIF), open a Portuguese bank account, and register the business with the Commercial Registry (Registo Comercial). This process can be completed online (Empresa Online) or in person (Empresa na Hora), with costs starting at €360 and registration typically completed within 1–2 days.

Required Documents

The required documents for company registration include:

Articles of association
Certificate of association
Proof of NIF
Proof of address
Bank statement
Shareholder IDs and tax numbers
Declaration of acceptance of office for directors

Business Structures in Portugal

There are several business structures in Portugal, including:

Sole Proprietorship (ENI): simplest form, owner has unlimited liability
Limited Liability Company (LDA/Sociedade por Quotas): minimum capital €1–€5,000, at least two partners, limited liability
Public Limited Company (SA/Sociedade Anónima): minimum capital €50,000, at least five shareholders, can issue shares
Partnerships and Cooperatives: various liability and membership requirements

V. Post-Registration Requirements

After registration, companies must declare the start of activity with tax authorities, register for social security, and, if applicable, register the beneficial owner within 30 days. Additionally, many businesses require sector-specific licenses or permits from the Directorate-General for Economic Activities (DGAE), submitted via the Balcão do Empreendedor (BDE).

VI. Taxation and Accounting in Portugal

All companies must appoint a certified accountant and comply with Portuguese accounting and tax regulations. The corporate tax rate is 21%, and personal income tax is progressive from 14.5% to 48%. It is essential to understand the tax implications of starting a business in Portugal and to seek professional advice to ensure compliance.

VII. Family Reunification and Residency

Family members (spouse, children, parents) can often obtain residency through family reunification under Startup and Golden Visa programs. This process typically requires proof of family ties and sufficient funds to support the family members.

VIII. Additional Considerations

When starting a business and obtaining residency in Portugal, there are several additional considerations to keep in mind:

Translating and certifying documents: all documents not in Portuguese must be translated and certified
Legalization or apostille requirements: foreign documents must be legalized or apostilled if required
Seeking legal and financial advice: the process is streamlined, but it is recommended to seek professional advice to ensure compliance and successful application

IX. Conclusion

Starting a business and obtaining residency in Portugal can be a complex and time-consuming process. However, with the right guidance and support, it can also be a rewarding and profitable experience. By understanding the requirements and process for starting a business and obtaining residency in Portugal, you can make informed decisions and avoid potential pitfalls. Whether you are an entrepreneur, digital nomad, or simply looking to relocate to Portugal, this comprehensive guide has provided you with the information you need to get started.

Final Thoughts

Portugal offers a unique combination of business-friendly environment, beautiful landscapes, and welcoming culture, making it an attractive destination for entrepreneurs and digital nomads. By following the steps outlined in this guide, you can successfully start a business and obtain residency in Portugal, and enjoy the many benefits that this country has to offer.

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Starting a business and obtaining residency in Portugal can be a complex process. This comprehensive guide provides an overview of the requirements and process for starting a business and obtaining residency in Portugal, covering visa requirements, company registration, tax compliance, and more.

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H1: Starting a Business and Obtaining Residency in Portugal: A Comprehensive Guide
H2: Visa Requirements for Non-EU Citizens
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H2: Post-Registration Requirements
H2: Taxation and Accounting in Portugal
H2: Family Reunification and Residency
H2: Additional Considerations

Last modified: August 21, 2025

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