Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Portugal
Company incorporation, bank accounts, accounting services in Portugal
Registration packages
Services
Essential
Standard
Premium
Company registration (Lda.)
Annual registered address
Notary services and company seal
Personal tax ID for 2 foreign shareholders
Corporate bank account
Accounting services
Start your company in Portugal
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How you can register a company in Portugal with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Portugal
Portugal is located in Western Europe on the Iberian Peninsula and includes also the Azores and Madeira islands. Portugal borders Spain and has access to the Mediterranean Sea and to the Atlantic Ocean, which allows to establish maritime trade between Europe, two American continents and Africa. The capital city of Portugal is Lisbon, the largest city and the location of key government institutions. Portugal has a population of 10,4 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - Standard tax rate 21%. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Municipal surcharge - up to 1.5%
- State surcharge - 3%/5%/9%
- Dividend withholding tax - 25%
- Interest withholding tax - 25%
- Royalties withholding tax - 25%
- Capital gains tax - Standard tax rate 21%
- VAT - Standard tax rate 23% or reduced rates from 6% up to 13% or tax exempt. Tax returns are filed on a monthly, on a quarterly or on an annual basis
- Personal income tax - from 14,5% up to 48%.
The following are the most common types of companies to incorporate a company in Portugal as:
- Limited liability company (Sociedade Por Quotas - Lda.)
- Public limited company (Sociedade Anónima - S.A.)
- General partnership (Sociedade em Nome Collectivo - S.N.C.)
- Limited partnership (Sociedade em Comandita - S.C.)
- Partnership limited by shares (Sociedade em Comandita por Acções - S.C.A.)
- European company (Societas Europaea)
- Branch office (Sucursal).
- Individuals or legal entities that are intending to register a company in Portugal can be resident or non-resident in Portugal.
- A resident or a non-resident individual can be a company director in Portugal. It is not required to set up a company in Portugal with a resident individual as one of its shareholders or directors. However, it is necessary to receive a personal tax ID for every foreign shareholder.
- At least 1 shareholder is required in order to register a company in Portugal if such company is incorporated as a Lda. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Portugal in order to establish a company in Portugal or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Portugal as a Lda. (a limited liability company) is EUR 1.
- Lda. registration takes between 15 and 20 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Portugal is complete is publicly available in the state corporate register.
- With our service you can register a company in Portugal remotely upon a power of attorney.
Official currency of Portugal is euro (EUR).
Portugal's GDP in 2017-2018 grew by 2,5% and amounted to USD 237,98 billion.
Portugal's economy is diversified and is mostly focused on service sector, which makes up 65,1% of total GDP. Industrial sector amounts to 19,4% of total GDP. Major industrial fields are metallurgy, machinery, electric manufacturing, textile industry and construction. In recent years IT and biotechnology were also developed. The growth of Portuguese economy is strongly influenced by internal demand.
Portugal's GDP in 2017-2018 grew by 2,5% and amounted to USD 237,98 billion.
Portugal's economy is diversified and is mostly focused on service sector, which makes up 65,1% of total GDP. Industrial sector amounts to 19,4% of total GDP. Major industrial fields are metallurgy, machinery, electric manufacturing, textile industry and construction. In recent years IT and biotechnology were also developed. The growth of Portuguese economy is strongly influenced by internal demand.
Foreign entrepreneurs expand to Portugal and seek to incorporate a company in Portugal in order to conduct business in the following sectors:
- wholesale and retail trade
- food industry
- restaurant business
- IT
- financial services
- pharmaceutical production
- production of electronic equipment
- construction
- manufacturing
- tourism
- real estate services.
Benefits of registering a company in Portugal
Business climate
- Access to EU markets
- Access to the Mediterranean Sea allows to establish maritime trade
- Open economy
- Highly-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Free trade zones of Madeira and the Azores provide corporate tax incentives
- Double tax treaties with several jurisdictions
Ease of doing business
- Minimum share capital requirement for the Lda. companies is EUR 1
- No foreign exchange controls
Register your company in Portugal
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