The D8 visa, also known as the start-up visa, is designed to attract entrepreneurs and investors to Portugal’s dynamic technology ecosystem. This visa allows foreigners to create and develop innovative businesses in the country. If you have an innovative business idea and want to develop it in Portugal, the D8 visa could be the key to making your project a reality. This guide outlines the steps you need to take to obtain this visa.
Preparing your business project
Before you start applying for the visa, it’s crucial to have a solid, well-defined business plan. Click for more details on this type of visa. Your project must be innovative and have considerable growth potential. You must prepare a detailed business plan that includes:
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- a description of the business idea ;
- the business model ;
- market analysis ;
- growth strategy, etc.
In addition to all this, you need to include financial forecasts, the founding team and its skills.
Enrolment in a start-up incubator or accelerator
One of the essential conditions for obtaining the D8 visa is acceptance into a start-up incubator or accelerator in Portugal. These organisations play an important role in providing the necessary support for the development of innovative companies.
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You should therefore search for and apply to these entities, such as Startup Lisboa, Beta-i, Fábrica de Startups, etc. Once accepted, you will receive a letter of support from the incubator or accelerator, which will be a key document for your visa application.
Putting together your application
With your business plan and the letter of support from the incubator or accelerator, you can put together your visa application file. The necessary documents include: a completed and signed visa application form, a valid passport, recent passport photos, proof of sufficient financial means to support yourself in Portugal, a police record, valid health insurance, the letter of support from the incubator or accelerator, etc.
Submitting your application
You must submit your application to the Portuguese embassy or consulate in your country of residence. Some documents may require an official Portuguese translation or apostille certification. So be sure to check specific requirements with the embassy or consulate. After submitting your application, you may be invited to an interview to discuss your project and your eligibility for the visa.
In summary, the D8 visa is an excellent opportunity for entrepreneurs wishing to launch an innovative start-up in Portugal. By following these steps and preparing your application carefully, you will increase your chances of success and be able to take advantage of the support and resources offered by the Portuguese entrepreneurial ecosystem.
