As established in the Executive’s program, the 2020-2023 plan of the XXII Governo Constitucional foresees a bet on the entrepreneurial ecosystem, similar to what has been happening in recent years.
The goal is to allow foreign applicants to be granted rights regardless of their physical location, emulating the Estonian model implemented in 2014. In this sense, foreign citizens:
Will be able to manage a company in Portugal no matter where they live;
Won’t need to physically visit all entities and services for the process, as they can do everything online;
Can obtain a tax identification number;
Set up a company;
Fulfill tax obligations;
Develop economic activity in Portugal.
Besides the e-residency program, there will also be other reinforcements:
Promote the StartUP Visa, for foreign entrepreneurs;
Tech Visa, created to attract highly qualified talent;
Boosting Port Tech Clusters, to turn ports into innovation ecosystems for the blue economy, uniting startups, mature companies and Research & Development centers in the same space and fostering the creation of a connection platform between Small and Medium Companies, Non-Governmental Organizations and startups.
E-residency will, therefore, allow access to public services without the need for foreign citizens to be physically in Portugal, but at the same time contributing to the spread of entrepreneurship and the creation of wealth in Portugal.
In addition, the Government led by António Costa intends to extend the KEEP tax incentive program (Key Employee Engagement Programme) and the Semente program (designed to support individual investors who want to enter the share capital of innovative startups) and implement one-stop shops exclusively dedicated to startups and tourism companies.
Portugal also offers other residency options such as the Non-Habitual Residency Programme, where you can benefit from reduced or no taxations on your income, or the Golden Visa Programme, where you can invest a minimum of 280k on real estate and be granted residency rights. Learn more about Citizenship by Investment VS. Residency by Investment here.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan