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Company Formation Portugal

Updated on Monday 14th May 2018

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BridgeWest provides company formation services in Portugal. Our assistance includes:

     - drawing up the articles of association that can be signed through power of attorney (Portuguese laws require power of attorney for any public notary proceedings);
     -  drawing up documents for company incorporation in Portugal: specimen signatures, identification papers copies, application form required by the Portuguese Company Registration Office;
     -  arranging public notary proceedings (all procedures for company incorporation are done in front of a Portuguese public notary);
       -  providing a registered office in Portugal on demand; the registered office serves as the headquarters for the company in Portugal and it will be made public;
    - setting up a bank account for the company in Portugal; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;
    -  recommending a Portuguese accountant, as accounting services are needed for new businesses in Portugal.

 

The most common types of companies in Portugal

- Portuguese public company (Sociedade Anónima SA) – The Portuguese public company is required to have at least five shareholders who can be natural persons or legal entities. The shareholders of a public company in Portugal are held liable for the company’s debts and obligations to the extent of their share contributions. The minimum share capital for a Portuguese public company is 50,000 EUR.

- Portuguese private limited company (Sociedade por Quotas - LDA) – the Portuguese private limited company is the most common type of company because it requires at least two shareholders who can be individuals or a legal entity and a director. The minimum share capital for a private limited company in Portugal is 5,000 EUR and the shares are divided into quotas. Shareholders are held accountable for the company’s obligations and debts to the extent of their share contribution.

- Portuguese Branch, Subsidiary or Representative Office - Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Portuguese company. Foreign companies can also open extensions of the parent companies in Portugal.
 

Taxation in Portugal

The corporate tax in Portugal is 23%.

The standard VAT rate in Portugal is 23%, but reduced rates of 13% and 6% apply to certain products.

The withholding tax on distributed profits in Portugal for dividends, royalties and interests is 25%, unless double taxation treaties are enforced. Companies repatriating profits in countries listed as tax havens are subject to a 35% tax rate.

BridgeWest is also able to offer ready-made Portuguese companies and VAT registration.

Please contact us for more information regarding how to open a company in Portugal and prices.

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