Portugal

Portugal is one of the most attractive jurisdictions for doing business in the European Union due to its stable economic environment, transparent legal system and access to the European single market.

Flexible tax policy and support for investors.

Why Portugal for business?

Access to the European Union market

Various tax incentives in the form of reduced corporate income tax rates

A wide network of double taxation treaties that minimize the tax burden

Support for technological and innovative projects

Developed infrastructure and favorable business climate

Availability of immigration programs for entrepreneurs

Content

Who is this jurisdiction suitable for?

Portugal is an ideal location for the following business sectors:

Technology and IT
Financial and consulting services
Tourism
International trade

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What do you need to know about Portugal’s business requirements?

01
Local presence requirements
- Mandatory legal address – physical or virtual office
- The director can be a non-resident of Portugal
- There is no mandatory requirement for a secretary
02
Legal forms of companies in Portugal
- LDA (Sociedade por Quotas): analogous to LLC, minimum two shareholders, minimum authorized capital – EUR 5,000
- SA (Sociedade Anónima): joint-stock company, suitable for large businesses, minimum authorized capital – EUR 50,000, minimum number of shareholders – 5 individuals or 1 legal entity
03
Tax conditions
- Corporate tax: 21% or 17% on the first €15,000 of profits for companies with annual turnover up to €50 million
- VAT: 23%, reduced rates of 13% and 6% for certain goods and services
- Dividend tax: 28% for residents and non-residents amounts to
04
Banking services
- Traditional banks require verification of beneficiaries, business model, and sources of funds (KYC and AML). Usually, the personal presence of the director or owner of the company is required for identification
- Payment systems allow you to open an account remotely and offer a simplified verification procedure
05
Annual commitments of the company
- Financial statements: mandatory and annual
- Audit: annual for SA companies (Sociedade Anónima) and holding companies (SGPS)
- For other companies, if 2 criteria are met in two consecutive years: annual turnover of 3 million euros or more, total balance sheet value of 1.5 million euros or more, more than 50 employees
- Tax reporting: annual corporate income tax return (Modelo 22) and VAT return

Client Reviews

Our clients are not just customers, but partners with whom we build successful projects and achieve ambitious goals. We value everyone’s trust and are proud of the results of our joint work.

FAQ

Is it possible to register a company remotely, without a personal visit?

Yes, registration takes place completely remotely.

How long does it take to register a company in Portugal?

Company registration takes 1 to 2 weeks after submitting all the necessary documents.

What documents are required to register a company in Portugal?

The list of required documents includes:

3 preferred company names;
description of the future company’s activities;
national and foreign passports of each beneficiary, founder and director;
identification code of each beneficiary, founder and director;
confirmation of the registration address of each beneficiary, founder and director (e.g. utility bill);
contact details (phone and e-mail) for entry into the register;
power of attorney from shareholders and directors for registration

Can a citizen of another country open a company in Portugal?

Yes. A person of any nationality can start a business in Portugal. No citizenship, residency, or residence in the country is required to register a company.

Do I have to file reports if the company does not conduct business?

Thus, even if a company does not conduct business, it must file zero reports.

Do I need a legal address when registering a company in Portugal?

Yes, a legal address is required; it can be either a physical address or a virtual address.

Will I be able to get a VAT number after registering my business?

Yes, of course, after registering a company, you can start the procedure for obtaining a VAT number.

Portugal

What do you need to know about Portugal’s business requirements?

Local presence requirements

Legal forms of companies in Portugal

Tax conditions

Banking services

Annual commitments of the company

FAQ