This established EU country has a rapidly growing economy due to a combination of investor-friendly government policies, a booming real estate market, and a resurgent tourist industry.
Portugal is one of the oldest countries in Europe, has an excellent reputation, a very high Human Development Index ranking, and a high level of security, making it one of the world’s most globalized and peaceful nations. Portugal is a member of the EU and Europe’s Schengen Area and has been using the euro as its currency since 2002. Portuguese is the official language, but English is also widely spoken, particularly by younger generations and especially in the tourist regions.
While Portugal is shifting towards offering business-oriented services, a third of its economy remains in manufacturing. It is also the world’s largest supplier of cork and enjoys the benefits of a strong tourism industry. With little of its own hydrocarbon energy resources, Portugal is committed to creating renewable sources of energy such as hydro, wind, and solar power. Over 40% of the energy created in Portugal is from such resources, including the most efficient wind tower in the world.
The Ministry of Foreign Affairs set forth the requirements through the Department of Consular Affairs and the Portuguese Trade and Investment Agency (AICEP) and Portugal's Golden Resident Permit Program was created in accordance with those requirements.
In order to attract high net investors to the region, Portugal is now offering residency permit to non-EU citizens. The applicants must fulfill one of the available investment options and also meet the following criteria:
Either by investing in a property with residential purposes or by becoming a co-owner of big-dimensioned projects for refurbishment, NIMARIA will assist with:
NIMARIA consulting fees will be calculated after taking into account the country of origin, the number of applicants, the number of dependents in the family, residence and other retained services. Our fees will also include all the service fees until citizenship application including project visits. The advisory fees will be non-refundable. Although applying for residency and permanent citizenship is not NIMARIA's scope of work, we can guide and advise our clients at each stage of citizenship. Translation, notarization and authentication fees at all stages of the process are the responsibility of the investor. The application fees charged by Portuguese government and NIMARIA is subject to change at any time during the process. The overall fees will depend on the complexity of the case and the number of dependents.
The following 7 steps easily break down the process of application submission. Each step must be completed before moving on to the next one:
Co-created with government authorities, the Portugal ‘Highly Qualified Activity’ Visa (Start -UP) is designed specifically for accomplished transnational business professionals.
With freedom to travel as needed and priority visa processing, business executives can launch an innovative R&D driven venture in Portugal, within the care of Empowered Startup’s transnational incubation program.
Through partnerships with key actors, including public bodies and top tier research facilities, with help of our partner we can accelerate and incubate innovative international business ideas. We work with driven entrepreneurial professionals to create outstanding start-ups with the potential to grow from concept to success in 3 to 5 countries within 5 years, launched from a strong base in Portugal.
The start up ecosystem in Portugal is a high-potential marketplace driven by keen collaborators. The climate is business-friendly, knowledge workers are readily available, and key actors are committed to success. As a gateway to continental Europe, with strong ties to Asia, Africa and South America, it is a smart launch pad for businesses with the potential for international expansion.
Three clear steps:
To see how the combined expertise and global reach of our specialists could also work for you, please Contact Us for further information or to arrange a private consultation.