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Doing business in Portugal A comparative guide May 2022 01 A guide to doing business in Portugal Deloitte Legal compiled this guide for Legal 500 providing an overview of the laws and regulations on doing business in a variety of jurisdictions

  • What is a Q&A guide to doing business in Portugal?

    A Q&A guide to doing business in Portugal. This Q&A gives an overview of key recent developments affecting doing business in Portugal as well as an introduction to the legal system; foreign investment, including restrictions, currency regulations and incentives; and business vehicles and their relevant restrictions and liabilities.

  • What is the business culture like in Portugal?

    Although there is a downward trend, many businesses in Portugal are still based on family structures. This is not the case for international groups based in Portugal. The business culture is focused on creating relationships of loyalty and trust. 2. What are the key recent developments affecting doing business in your jurisdiction?

  • How to start a business in Portugal?

    Start your business activity In Portugal, it is mandatory for companies to have an accountant. Once you have signed the deeds, your accountant can help you set up a bank account for your company. With your IBAN information, your accountant will register your company’s activity with the tax office so you are ready to pay taxes.

  • Can a non-domestic company run a business in Portugal?

    Non-domestic companies may also carry on business activity in Portugal by setting up a branch. A branch shall be considered as an extension of the foreign entity, without having legal personality or autonomy; the parent company of a branch will be liable for its obligations and debts.

Make Sure You Can Legally Start A Business in Portugal

Before you get into the nitty-gritty details of starting your company, make sure you can actually legally start a business in Portugal. You need to have your own Portuguese residency card, a tax number (NIF) from the Portuguese tax office, and a social security number. If you are a non-EU/EFTA national and you want to start a business, you need to

Choose A Name For Your Company

Brainstorm names for your company and check out if your favorite is already taken in a Portuguese Registry of Business Names. If not, register your company’s name via a Validation Certificate known as Certificado de Admissibilidadewhich is issued by the National Registry of Companies and costs €75. The certificate is usually valid for 3 months. portugal.com

Choose The Business Structure – Types of Companies in Portugal

There are multiple legal structures for businesses in Portugal, regulated by the Portuguese Companies Code. You must select the one that best fits your company structure. Take a look at the business types in Portugal: 1. Private Limited Company: Known as a Sociedade por Quotas. These need a minimum of two partners and a minimum capital investment o

Set Up Your Company

Now that you have your company’s name down and have selected the adequate business company, it’s time to set up your company by signing the deed of incorporation. You can do this online which allows you to set up your company quickly. This costs around €360 and your company will be registered within 1 to 2 days. Your company will be provided with a

Start Your Business Activity

In Portugal, it is mandatory for companies to have an accountant. Once you have signed the deeds, your accountant can help you set up a bank account for your company. With your IBAN information, your accountant will register your company’s activity with the tax office so you are ready to pay taxes. portugal.com

Corporate and Entrepreneurial Innovation

This assistance encourages investment in innovation, promotes qualified entrepreneurship, and supports the expansion of technology-intensive activities. There are two main incentives. The SI Qualified and Creative Entrepreneurship is intended for small and medium-sized enterprises that have been in operation for two years. The incentive is between

SME Qualification and Internationalism

This assistance aims to promote small and medium-sized competitiveness and productivity and develop their presence in the global market. It is divided into two systems: an individual project or a joint project. The SI Qualification Individual Project is intended for small and medium-sized companies of any kind while the Joint Project is intended fo

Research and Technological Development

This assistance promotes relationships between companies and scientific institutions, looking to create knowledge and intensify research and development. There are three support systems for companies of any legal form: SI R&D Companies, SI R&D Centres, and SI Industrial Property. The SI R&D Companies and Centers assistance seeks to invest in increa

Can Foreigners Start A Business in Portugal?

To start a business in Portugal, you need to have your own Portuguese residency card, a tax number (NIF) from the Portuguese tax office, and a social security number. If you are a non-EU/EFTA national and you want to start a business, you need to obtain a Portuguese visaand residency permit. However, foreign companies can open up a branch or subsid

How Much Does It Cost to Start A Business in Portugal?

Opening a company usually costs €360 and can be done online, or at the Registries and Notaries (IRN). There are other costs. For example, when you register your company’s name via a Validation Certificate known as Certificado de Admissibilidade, you must pay €75 for the certificate. You must also hire a Certified Accountant who will submit your tax

🇵🇹 Top 5 Small Business Ideas For Portugal  Popular Business Ideas Portugal

🇵🇹 Top 5 Small Business Ideas For Portugal Popular Business Ideas Portugal

How to start your own business in Portugal? 🇵🇹

How to start your own business in Portugal? 🇵🇹

How to start small business in Portugal  Portugal Business without TRC  Portugal Shop business

How to start small business in Portugal Portugal Business without TRC Portugal Shop business

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