Portugal Company Formation

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Portugal

Company Formation and Related Services

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Company Formation in Portugal

F.A.Q.

 

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.

 



Articles on Company Formation in Portugal

Types of Portuguese companies

There are many company types that are available in the legal system of Portugal. The most common ones are the public company and the private limited company. Forming a Public Company (Sociedade Anónima SA) in Portugal This company type is designated for a medium to large business having a mi ...

Open Company Branch or Subsidiary in Portugal

While there are many countries in which an entrepreneur may invest, the state of Portugal offers one of the best conditions for companies to be successful. The stable economy as well as the qualified workforce offer great premises for investors wishing to start a business here. There are many possib ...

Guide to Company Incorporation in Portugal

1. What is the minimum share capital of a Portuguese LDA (Private Limited Liability Company)? In Portugal the Limited Liability Company is one of the most common forms of business as the process of incorporation is not very complex, and the necessary capital is lower, 5.000EUR. This capi ...

Shelf Company in Portugal

There are many ways to invest in Portugal, being a country full of potential for foreign entrepreneurs. Setting up a brand new business can be profitable as the business environment is welcoming and the workforce is skilled and productive. Therefore entrepreneurs have interest in commencing business ...

Paying Taxes in Portugal

  1. What is the corporate tax in Portugal? A company registered in Portugal is subject to a standard corporate tax rate of 25% if the income is over 12,500 EUR and 12.5% for less. For an income that exceeds 10 million euros, the corporate tax rate is higher with 5%. 2. What is the V ...

VAT in Portugal

1. What is the VAT rate in Portugal? The standard Value Added Tax rate in Portugal is 23%, with some exceptions of 13% for restaurant services and 6% for some goods and services, mainly foodstuff. Medical and banking services are exempt from VAT. If the annual turnover of a Portuguese company is les ...

Company Law in Portugal

Companies incorporated in Portugal are regulated by the Portuguese Commercial Code, Decree Law 262/86 of 2nd September 1986. Any company with its head office in Portugal, no matter that the activity is located in the country or abroad, is subject to the regulations of the Portuguese Company Law. If ...

Doing Business in Portugal

Country profile Portugal is a republic situated in the South-Western Europe, on the Iberian Peninsula, west of Spain, bordering the North Atlantic Ocean. Its surface is extended in 92,142 kilometers square, including the Azores and Madeira Islands. Portugal has a population of 10.5 million, the majo ...

Why Invest in Portugal

Portugal is a great option for foreign investors who want to reach the limit of the European continent and have easy access to the Atlantic Ocean. It also represents an excellent entry point for a foreign business looking to get into the European Union. The structure of the Portuguese economy, toget ...

Foreign Investments in Portugal

General overview At present, foreign companies represent an important source of employment and exports in Portugal. A total of 35 billion EUR was invested in Portugal from foreign sources in 2010, a sum with 9.6% higher than the previous year. In the World Economic Forum’s Global Competitivene ...

Setting up a Joint Stock Company (Sociedade Anónima) in Portugal

Joint stock corporations are usually set up in Portugal under the name of Sociedade Anonima or SA. This is the form chosen by entrepreneurs who run larger businesses, with a more complex structure than the Limited Liability Companies. Capital The formation of a SA in Portugal requires a minimum sha ...

Setting up a Limited Liability Company (LDA) in Portugal

Portuguese Private Limited Liability Companies are also known as “quota” companies, from the Portuguese name of Sociedadepor quotas de responsabilida delimitada or LDA. This type is the most popular choice for entrepreneurs who want to set up a small or medium business in Portugal. Capi ...

Lawyer in Portugal

A lawyer in Portugal has the role of advisor in all legal matters. As far as setting up a business in Portugal is concerned, an attorney can help prevent problems and help protect business from risk. A Portuguese lawyer offers advice about the clients’ rights and obligations and defends them i ...

Portuguese Public Notary

Public notaries in Portugal are public servants, representing the state. The profession of public notary in Portugal is regulated by the public administration and falls under the authority of the Minister of Justice, who also appoints public notaries in Portugal for life. The activities of a public ...

Portuguese Accountant

Portuguese accountants fall under the authority of the Commission of Accounting Standards, the body that regulates accounting standards and issues procedures on the basis of international standards. An accountant in Portugal must prepare financial statements that are in accordance with the National ...

Power of Attorney in Portugal

A power of attorney in Portugal grants someone the power to act on another person’s behalf. A power of attorney in Portugal can be completed at a public notary’s office and it is known as “procuracao”. A power of attorney in Portugal is needed in different situations, such as ...

Business Start-up Costs in Portugal

Starting a company in Portugal implies certain costs. This is why an entrepreneur must make his own calculations before starting the procedure of establishing a business in Portugal. 1. What is the minimum share capital? Before setting up a business, one must decide upon the type of company, since t ...

Nominee Director in Portugal

 The term of nominee director is in generally appointing an entity, individual or corporate body, who acts as a non-executive director of the board of managers replacing the beneficial owner of it. Especially the in the offshore jurisdictions the residents are renting their names to a non-resid ...

Set up a Company in Portugal

Portugal is considered a fruitful place to start a business, having a stable and moreover growing economy. It is a profitable choice for both domestic and foreign investors to set up a company in Portugal, due to low taxes and a simplified procedure for incorporation. Moreover, the procedure for set ...

Open Business in Portugal
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Lisbon

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Lisbon, Portugal. Alternatively you can incorporate your company without traveling to Portugal.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Portugal.