Portugal

For incorporating a company we need:

• Reservation of company name
• NIF (Portuguese Tax Identification Number) for shareholder and directors
• Opening of company's Bank Account
• Virtual address on behalf of the company
• Business Activity
• Registration with Portuguese Social Security system

You can select a name and we can verify its availability with the Portuguese Companies Registrar.

We can incorporate company in Portugal with only one foreign director and shareholder who can be the same individual.

Minimum Share capital requirement for 1 member is € 1.

The documents that will be required to incorporate a company in Portugal includes:

• Valid identification for all shareholders and directors like passport etc;
• Proof of Address from the shareholders in English, like utility bill;
• Tax Identification Number (NIF) for all shareholders and directors;
• POA from the shareholders to request the taxpayer numbers signed by the shareholders;
• Article of Association & Memorandum of Association of company.
• Company deed, including name, address, share capital, and business activity.

Types of Companies that can be incorporated in Portugal:

• Sole Proprietorship (Empresário em Nome Individual)
• Single-Member Limited Liability Company (Sociedade Unipessoal por Quotas - SUQ)
• Private Limited Liability Company (Sociedade por Quotas - LDA)
• Public Limited Company (Sociedade Anónima - SA)
• Branch Office (Sucursal)

Single-Member Limited Liability Company and Private Limited Liability Company are the preferred option by many foreign investors.

• Single-Member Limited Liability Company (Sociedade Unipessoal por Quotas - SUQ):
  • Owned by a single person who is also the sole shareholder.
  • Limited liability, meaning the owner's liability is limited to their investment in the company.
  • Requires a minimum capital of €1.
• Private Limited Liability Company (Sociedade por Quotas - LDA):
  • Owned by two or more shareholders.
  • Shareholders have limited liability.
  • Requires a minimum capital of €1 per shareholder, though it is typically higher in practice.
  • Common structure for small to medium-sized businesses.

Directorate-General for Economic Activities (DGAE) is the regulatory authorit

The process of incorporation in Portugal takes 2-3 weeks.

• Portuguese government fees for incorporation
• Portuguese NIF
• Certificate for a specific name
• Tax Representative
• Virtual address on behalf of the company
• Bank Account Opening

There is no need to include a Portuguese individual as shareholder or director. Although one Legal representative is required for Liaoning with various departments.

Yes, you must take address in Portugal through lease or purchase.

We can Apply for a NIF through the Portuguese Tax Authority on your behalf.

Yes, Bank Account need to be opened for incorporating a company and you need to deposit the required share capital in the bank account.

If profit earned is up to € 50,000 Tax rate is 17% of the total profit earned.

If profit earned is more than € 50,000 Tax rate is 21% of the total profit earned.

VAT is also applicable at a standard rate of 23%.

• Maintain proper accounting records, file annual financial statements, and comply with Portuguese employment and tax regulations.
• Appointment of an Accountant
• Certified Invoice Tools for raising invoices.

This depends on the nature of your business. You may need specific licenses or permits depending on your business activities.