Which Portuguese banks will still let Americans open accounts in 2022?

If you're an American looking to apply for a D7 Visa, opening a Portuguese bank account is getting harder in 2022. Banks like Atlantico Europe ceased offering remote bank account opening for foreigners (aka non-EEA nationals) by as early as September 2021. And sadly, Millenium BCP - one of Portugals largest and most respected banking [...]

By |2022-06-26T11:18:19+00:00June 21st, 2022||Comments Off on Which Portuguese banks will still let Americans open accounts in 2022?

Can Russians still apply for Portugal’s Golden Visa?

In light of Russia invading Ukraine, Portugal, Ireland, Spain and Greece are no longer accepting applications from Russians. But there are alternatives... While Russians are still eligible to apply for the D7 Visa Program, they are not currently able to open bank accounts in Portugal, and obtaining a NIF has become more challenging also. There [...]

By |2022-04-13T10:42:36+00:00April 12th, 2022||Comments Off on Can Russians still apply for Portugal’s Golden Visa?

What are the physical presence requirements for the D7 Visa?

Under the D7 Visa program, in order to keep your residency permit renewable, you have to comply with the following in-country presence requirements as stated on the SEF website under the "Duty To Communicate" heading: The minimum time required in Portugal is as follows, as per information published on the SEF site as at 13 [...]

By |2022-07-13T14:36:22+00:00March 26th, 2022||Comments Off on What are the physical presence requirements for the D7 Visa?

What benefits does the HQA Visa Program offer?

Outside of offering a streamlined process and fast-track approvals, participation in the HQA Visa Program delivers a strategic business asset: Over the course of the program, your business establishes a footprint and track record as an EU headquartered enterprise, with a financial and credit record with a recognised Portuguese financial institution, a demonstrable track record [...]

By |2021-09-29T09:20:44+00:00September 29th, 2021||Comments Off on What benefits does the HQA Visa Program offer?

What does the HQA incubation process look like?

In accordance with Portuguese legislation, HQA Visa approvals must be either granted or denied within 30 days of an application being submitted. From the first meeting with the startup incubator until the issuance of your residency cards in Portugal, the process takes between 3 and 5 months in total: Application phase 1: The visa applicant [...]

By |2021-09-29T09:18:24+00:00September 29th, 2021||Comments Off on What does the HQA incubation process look like?

What startup methodology does the HQA Visa incubator use?

The HQA incubation program employs the LEAN startup methodology in combination with a proprietary digital incubation platform. The latter allows the founder, startup mentors as well as advisors, service providers and collaborators to work on and review the project from anywhere, at any time, in an asynchronous fashion. The incubation platform also offers access to [...]

By |2021-09-29T09:15:52+00:00September 29th, 2021||Comments Off on What startup methodology does the HQA Visa incubator use?

What are the reporting requirements for the HQA Visa?

The company must submit regular filings, including tax, on an annual basis, however this is taken care of by the startup incubator. Outside of this, there is no progress reporting required, whatsoever.

By |2021-09-29T09:14:13+00:00September 29th, 2021||Comments Off on What are the reporting requirements for the HQA Visa?

What happens after the 3 year HQA Incubation period?

As mentioned, no further investment is required after the 3 year incubation period in order to qualify the applicant for permanent residency or citizenship. The HQA Program’s structure allows the startup business to grow risk-free, taken care of by the incubator partner in accordance with the strategic direction provided by the program participant.  Upon graduation, [...]

By |2021-09-29T09:11:36+00:00September 29th, 2021||Comments Off on What happens after the 3 year HQA Incubation period?

Is the HQA Visa tax advantageous?

The HQA Visa Program offers applicants the ability to significantly optimize their global tax obligations.  Program participants’ personal income derived from their Portuguese startup activities is taxed at a standard rate of 21%, however this could be lowered to 20%, depending on the nature of the startup. The HQA startup business can also be eligible [...]

By |2021-09-29T09:09:08+00:00September 29th, 2021||Comments Off on Is the HQA Visa tax advantageous?

Do I need a fully developed business or startup idea to apply for the HQA Visa Program?

No. Applicants are not required to have a fully developed startup or business idea to join the HQA Incubator Program, nor is a business plan required upfront. Admission to the program relies more on the quality of the applicant (skills, experience and qualifications) than on the quality of the business or startup idea. Applicants are [...]

By |2021-09-29T09:07:27+00:00September 29th, 2021||Comments Off on Do I need a fully developed business or startup idea to apply for the HQA Visa Program?
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