Empowered Startups’ HQA Visa Program Growth Featured in Sul Informação

Empowered Startups’ HQA Visa Program Growth Featured in Sul Informação

 

Evora, Portugal, June 26,  2022 —Empowered Startups’ massive growth and new office in Portugal has been featured in Sul Informação.

Empowered serves as the delivery expert in Portugal’s newest path to citizenship for investors and entrepreneurs, the HQA Visa. With so much volatility and uncertainty surrounding Golden Visas in Europe, Americans, Brits, and future ExPats from all over the globe are turning to Empowered Startups & Portugal’s HQA Visa Program to offer genuine long term prosperity in the EU.

We, at this moment, are calling Portugal our rising star. This is because we see a huge potential and a lot of opportunities to bring innovation and prosperity to different regions of the country – Naheed Henderson, CEO – Empowered Startups Global Accelerator Program. 

 

About Empowered Startups
Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs. To apply for the HQA Visa Program Click Here

Golden Visa vs. HQA Visa vs. D7 Visa

Golden Visa vs. HQA Visa vs. D7 Visa

We get quite a few questions about how Portugal’s HQA Visa program differs from a Golden Visa. To be honest there are quite a few differences but it really boils down to 3 main differences – Processing time, cost, and the activities associated with the visa.

  • Processing time: The HQA Visa’s processing time is currently just 3 months, while currently the Golden Visa is tracking 2 years (as of May 2022).
  • Cost: The Golden Visa’s investment costs are significantly higher than an HQA Visa. The lowest investment requirement for a Golden Visa is  280K (and this must be invested in a touristic project that grants guaranteed annual returns and or guaranteed buyback in the same amount initially invested). The HQA Visa on the other hand has a €175K cost and your funds are invested in an innovative business of your choosing.
  • Activities Associated: The HQA Visa Program is custom built for entrepreneurs who are interested in building a new business in Portugal. The Golden Visa is more geared toward real estate investors and those simply looking to make a capital investment.

Below is a chart that breaks down the differences between the HQA Visa, the Golden Visa and the D7 Visa.

Processing Timeline: 3 Months

Family Eligibility: Yes – Spouses & Children under 18 Welcome

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Flexible – Dependent on Business Activity

Portuguese Language Proficiency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: None

Recurring Income Required: None

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Processing Timeline: 20 Months (as of 5/2022)

Family Eligibility: Yes

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Yes – Not Flexible

Portuguese Language Proficency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: Approxamately €25,000+

Recurring Income Required: None

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Processing Timeline: 7 Months (as of 5/2022)

Family Eligibility: Yes

Path to PR & Citizenship: Yes

Minimum In-Country Stay Requirement: Yes – Not Flexible – 6 Consecutive Months Per Year

Portuguese Language Proficiency Requirement: None

Non-Habiltual Residency Tax Program Eligibility: Yes

Additional Professional Service Fees: Approximately €2,500

Recurring Income Required: Yes

Medical Insurance Eligible: Yes

Portuguese Tax Number Required: Yes

Photo by Tatiana

Empowered Startups Opens New Office in Evora Portugal

Empowered Startups Opens New Office in Evora Portugal

Evora, Portugal –International business incubator Empowered Startups announced today the opening of its new office in Evora, Portugal.

As the leading provider of business incubation for Canada Startup Visa participants, and a cornerstone of Portugal’s HQA Visa program, Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Canada. With offices in Canada, France, the United States and Portugal, Empowered trains/mentors/ and networks entrepreneurs to successfully launch new businesses in diverse markets. As a foundry they also conceive, build and launch products and solutions.

The new office space in Portugal is meant to serve as Empowered’s headquarters in Alentejo province, which is rapidly becoming a tech hub and is one of the first official Smart Cities in the European Union.

Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Empowered’s training tools and mentorship are used and recognized by leading global university labs, startup incubators, and innovation hubs.

 

Yes, The HQA Visa Is A Top Reason Entrepreneurs Are Moving to Portugal

Yes, The HQA Visa Is A Top Reason Entrepreneurs Are Moving to Portugal

Believe it or not, Europe’s westernmost country isn’t just a hot tourist destination. It’s becoming a hot bed of activity for startups and entrepreneurs looking to found new businesses in the European Union.  A recent report from Startup Europe Partnership, found Portugal’s startup ecosystem is now growing twice as fast as the European average. But why? What is it about Portugal that has everyone applying for their business visa programs, like the HQA Visa?

At a high level, Portugal has endless summers, low cost real estate, a long stretch of beautiful coastline consisting of both sandy beaches and picturesque cliffs, a robust university system where tech businesses can carry out R&D, it has ease of international travel, and so much more. 

We’ve polled our HQA Visa participants and put together a quick list of why many founders & business professionals are moving to Portugal.

  • Fast Processing on Paperwork – This point is specific to the HQA Visa Program where visa paperwork processes in just 3-4 weeks
  • Tax Breaks & Cryptocurrency Friendly Taxation Policies –  There are Benefits from Portugal’s Non-Habitual Tax Residency (NHR) Program for the first 10 years of residency. Additionally,  Portugal considers capital gains resulting from the sale of cryptocurrencies are not subject to Personal Income Tax
  • Access to Portugal’s world-class National Health Service (SNS) as a Portuguese resident for the entire family
  • A clear pathway to Portuguese citizenship after 5 years
  • Ease of travel and access to the European Union
  • Friendly business climate
  • A large amount of English speakers makes communication easy
  • Portugal ranks 4th on the Global Peace Index
  • Access to Portugal’s University system and international schools
  • Low cost of housing & living
  • Access to top tier tech talent, allowing startups to thrive
  • Relaxed & friendly lifestyle for families, and open social climate

If the climate, sandy beaches, top tier universities, access to a world-class tech ecosystem,  great food, high quality of life and low living costs aren’t enough for you to consider Portugal, let’s talk. There are so many benefits to Portugal’s innovative new visa programs like the HQA that make the area even more attractive to investors and highly experienced professionals.

You can request more information about our Portugal HQA Visa Program by selecting here.

Empowered Startups is an Innovative Startup Incubator and foundry headquartered in Vancouver, British Columbia, Canada. With offices in Canada, France, and Portugal, we train/mentor/ and network entrepreneurs to successfully launch new businesses in diverse markets. As a foundry we also conceive, build and launch our own products and solutions. Empowered Startups is recognized by the Canadian Government as a designated start-up business incubator and is known internationally for growing ideas into sustainable businesses using both a virtual and on-site model. Our training tools and mentorship are used and recognized by leading global university labs, Startup incubators, and innovation hubs.

Photo by Pixabay

Portugal’s Visa Program That’s Attracting Incredible Entrepreneurs & SMEs From Around the Globe – It’s Not The Golden Visa

Portugal’s Visa Program That’s Attracting Incredible Entrepreneurs & SMEs From Around the Globe – It’s Not The Golden Visa

Most of us already know that Portugal is hands down one of the best countries in the world for expats – safety, ease of travel, English proficiency, fantastic weather, incredible beaches, great Universities for those of us with children, top notch healthcare, a pro-business growth climate, direct access to EU markets, and favourable taxation for business owners (there’s about 50 more reasons we could include but space and time for this blog are limited).

Because of all of these things, there are a huge amount of foreign born individuals residing in Portugal (which also equates to great supports for new arrivals).

500,000 EXPATS IN PORTUGAL

The Portuguese government has taken a proactive approach to attracting foreign investors and entrepreneurs to Portugal. Portugal’s newest path to citizenship, the HQA Visa, offers a very stable opportunity for foreign entrepreneurs and investors to start their ventures in Portugal, and bring their families to the country. Unlike the Golden Visa, which has been under intense scrutiny from the European Union, the HQA Visa is specifically targeted at those with business skills and interests that can help drive Portugal’s economy forward.

“Anyone who is smart & accomplished, In all seriousness, this is the best option for EU residency for anyone who is an accomplished professional or SME in their field- whether that’s medicine, marketing, fintech, or crypto,” said Timur Sitdikov – Private Client Advisor in Specialized Immigration.

So why is this program so popular and how does it work?

This program is surprisingly simple and elegantly designed for business people. HQA applicants gain residency by founding a Portuguese business that is linked to a participating university in Portugal and hosted by an HQA business incubator (Empowered Startups). The HQA business incubator coordinates operations and administration on behalf of the founder, and the founder provides direction (as founders typically do). The HQA business incubator creates a custom-built plan for every founder – It’s very bespoke, and very much tailored to busy individuals with competing priorities.

The HQA Visa program is wildly popular because it is a true pathway to citizenship for legitimate business people to start a venture or invest in the European Union. The other investment scheme, Golden Visa, is not only under intense scrutiny right now, but also approvals for the Golden Visa program are seemingly at a standstill.

Chart Brought to you By ImiDaily

If you’re interested in learning more about the HQA Visa or requesting more information, head to hqavisa.pt 

Read About The ‘Bitcoin Family’ Who Emigrated to Portugal for its 0% Tax on Cryptocurrencies – From CNBC

Read About The ‘Bitcoin Family’ Who Emigrated to Portugal for its 0% Tax on Cryptocurrencies – From CNBC

It’s not often we throw out a “We told you so,” but in this case we did! Have a look at this article coming out of CNBC this past weekend about how a family of cryptocurrency investors moved to Portugal due to their favorable taxation structure.

The article highlights:

Unlike the U.S., which treats virtual currency as property, taxing it in a manner similar to stocks or real property, Portugal views cryptocurrencies as a form of payment. That distinction is a game-changer with respect to taxes.

“Capital gains resulting from crypto transactions such as cashing out and crypto-to-crypto trades are not subject to personal income taxes,” explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io.

This means that gains from buying or selling cryptocurrency, as with other fiat currencies, are not taxed. It also means that crypto transactions or payments, as well as the exchange of bitcoin for fiat money, are not subject to a value-added tax, or VAT.”

Read the full article from CNBC Here for more information! 

Select here to sign up to receive more information about Portugal’s HQA Visa, which is a great fit for crypto investors looking to invest in a startup or start a new venture while also maintaining their crypto portfolio!

Photo by Olya Kobruseva from Pexels