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.
Thanks to Andreia Leite for the comprehensive and timely updates on the construction progress of the new development we purchased!Investor from the USA
Very helpful. Work with his heart. Mark is a very nice advisor.Investor from Morocco
Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
The overall experience was great from follow up to After Sales. I would like to give special thanks to Mr. Simon, Ms. Francisca and Ms. Mariana.Investor from UAE
George Hobson is a pleasant young man, came across as knowledgeable, experienced, hardworking, honest & disciplined; I felt very comfortable in easily making my investment.Investor from UAE
Luísa is a very understandable person, she knew exactly what we were looking for and even showed us and gave us more choices to pick from. Very professional advice, hospitality and service.Roshana (Zulfiqar) Mian | Hong Kong