- Overview of Playbook
- International Mobility
- Visa and Residence Permits
- Social Security
- KYC & Due Diligence
- About This Document
Annex: Glossary of Terms
Portugal has become known as one of the most crypto-friendly countries, as a result of an adoption of a low-profile attitude from the government regarding crypto and a very specific position from the Portuguese tax authorities on crypto taxation. All of this leads to a favorable environment for all parties from the crypto world.
Our intention with this playbook is to simplify the steps to take to institute a work node in the city of Lisbon without all the complications that international mobility entails.
Globalization has allowed more companies to turn to other jurisdictions to take advantage of different topics. Access to more skilled workers, permissive regulations, or segregation of the workforce is some of the advantages that companies seek when they decide to send their employees to other countries, in what is commonly known as International Mobility.
This phenomenon of International Mobility has experienced an increasing boom in recent years due to the advantages that some governments provide to companies that decide to relocate workers abroad.
The importance of drafting this playbook is clear since the Legal Guild’s intention is to simplify and to group the wide variety of necessary steps and procedures to materialize an international worker transfer.
During the whole process, it is necessary to deal with different policies, forms, laws, and other regulations on different topics that could complicate it, creating an even more complex and confusing procedure, especially for those unfamiliar with international mobility programs.
Relocating foreign workers to other jurisdictions can be a difficult and complicated task, especially when there are language, cultural and social barriers that prevent a smooth integration of the transferred workers.
More specifically, Lisbon offers one of the best conditions to relocate workers for crypto projects as it offers many advantages such as Non-Habitual Residents (NHR) status for foreigners or tax exemption for cryptocurrencies, which will be addressed later in this document.
Depending on the global mobility programs, these playbooks and guides often cover general issues such as renting or buying a home, opening a bank account as a foreigner. This playbook is focused on more specific legal issues such as residence permits, income taxation, or the social security regime applicable to workers.
Visa and Residence Permits
All foreigners and EU citizens who wish to stay in Portugal exceeding a 90-day period, or who wish to work on Portuguese soil must obtain a valid residence permit or certificate. Applicants may be classified into two groups: EU citizens and nationals from third countries.
For EU nationals, a simplified residency procedure is applicable, since a visa is not needed for periods of physical residency shorter than 90 days on Portuguese soil. It is required from this category of workers to simply conduct a registration as an individual at the local municipality, to apply to receive a residence certificate, in case of surpassing this timeframe. For citizens from a third country, a more complex procedure must be addressed.
The visa application process begins by submitting a petition to the Portuguese consulate/embassy or VFS in the citizen’s country of residence, in the case of non-EU citizens.
As previously indicated, citizens of the Schengen Area will be able to enter and leave Portugal with no other requirement than their valid passport, as long as that stay does not exceed 90 days. For longer stays, they must request an EU resident certificate, as will be further indicated…
Lisbon City Node