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Capital:
Lisbon
Form of government:
Mixed Republic
Area:
92 391 km2
Population:
10 million
Currency:
Euro

Advantages of doing business in Portugal

Portugal is a power that has a stable economic system, a friendly business environment and openness to foreign investors. Due to its prominent geographical position at the crossroads of European, African and American markets, the country is becoming an important logistics center.

Economic Portugal’s policy is aimed at obtaining foreign capital through preferential tax regimes, access to European financing programs and minimal bureaucratic changes for business. This means a stable banking sector, a modern digital infrastructure and a qualified workforce.

Available organizational and legal forms

Foreign investors who plan to start a business in Portugal have a wide choice of organizational and legal forms. The most extensive is Sociedade por Quotas (Lda) – an analogue of a partnership with an interchanged responsibility, which requires a minimum statutory capital of 1 euro, and the responsibility of the partners is interchanged These contributions. Another popular form is Sociedade Anónima (SA) – a joint stock company, which is suitable for large-scale projects and requires a minimum capital of 50,000 euros. International companies can also create representative offices (Sucursal), which allow them to conduct business without creating a separate legal entity. For small businesses and freelance entrepreneurs, use Empresário em Nome Individual, which is an analogue of individual mentoring.

Customer services About the company

  1. Advance analysis of activity and choice of organizational and legal form: assessment of business goals, profit forecasts and specifics activity.
  2. Original NIF (Número de Identificação Fiscal): this is the tax number required for the company’s founders.
  3. Company name reservation: submitting an application to the Registrar of Companies to verify the uniqueness and confirmation of the name.
  4. Banking account: contribution of statutory capital to the banking system of Portugal.
  5. Preparation of statutory documents: including the installation agreement and registration forms.
  6. Registration in commerce registry (Conservatória do Registo Comercial): registration procedure and issuance of a certificate of a created company.
  7. Registration in subsidized Inspections and social insurance systems: derivation of the PDV payer number and registration of practitioners.

Peculiarities of doing business

Portugal’s operations rely on maintaining the latest standards of corporate governance. Among them are mandatory accounting procedures in accordance with Portuguese standards (SNC), and more detailed financial reporting. reporting and auditing for great companies.

Addatkovo, business processes in Portugal are actively integrated with digital technologies. The platform powers will simplify their interaction with the authorities, allowing them to change the time for revoking permits, certificates and other documents.

Portugal also has a tight market Practi and friendly minds for international hiring. Workers can apply for short-term contracts, and foreign workers can gain access to simplified visa procedures.

Features of payment

Podatkova system Portugal demonstrates its vision and competitiveness. The basic corporate tax rate (CIT) is 21%, but for small and medium-sized businesses there is a tax rate of 17% on the first 25,000 euros of income. The tax on added value (DVA), which is called IVA in the country, is 23% in the standard regime, but for certain categories of goods and services there will be a reduced rate of 13% and 6%. I especially appreciate the dividend subsidy: for non-residents the base rate will be 5-15% (this rate has been reduced under the Convention on the Exclusion of Dividend Tax, signed by Portugal Ukraine). It is also important to note that start-ups, innovative companies and businesses that operate in special economic zones can benefit from additional tax benefits, including reductions in corporate filing and access to government grant programs.

Registration of a company in Portugal is a useful solution for business that will expand into the European market. Thanks to a visionary system, comprehensive support and wide opportunities for development, Portugal will provide a unique environment for investment and enterprise. Please ensure that you minimize the risks and ensure a successful start to your business in this country.

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