Published
Sep 4, 2023
Updates:
Sep 16, 2024
Portugal
Price:
Delivery:
Legal forms:
Payment methods:
10 days
N/A
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Portugal
$
2000
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Registrar
Abbreviation
Phone
Instituto dos Registos e do Notariado
IRN
+351 217 985 500
Location
Capital
Official languages
Population
Currency
ISO 4217
Lisbon
Portugal
Portuguese
10,247,605
EUR
Euro
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Portugal
Q: What is the process for company formation in Portugal?
A: The process for company formation in Portugal involves drafting the company's articles of association, obtaining a tax identification number, registering the company with the Commercial Registry Office (Registo Comercial), and completing other administrative procedures related to tax and social security.
Q: What are the requirements for company formation in Portugal?
A: The requirements for company formation in Portugal vary depending on the type of company, but generally include having at least one shareholder and one director, a minimum share capital, and compliance with various regulations and laws.
Q: What types of companies can be formed in Portugal?
A: The types of companies that can be formed in Portugal include Sociedade por Quotas (Limited Liability Company), Sociedade Anónima (Public Limited Company), and Sociedade em Nome Coletivo (General Partnership).
Q: How long does it take to form a company in Portugal?
A: The time it takes to form a company in Portugal varies, but it typically takes around two to three weeks to complete the registration process.
Q: What are the tax implications for companies in Portugal?
A: Companies in Portugal are subject to corporate income tax, value-added tax (VAT), and other taxes and fees. The tax rates and rules depend on the company's size, industry, and location.
Q: What is the legal system in Portugal?
A: The legal system in Portugal is based on civil law.
Q: What is the currency used in Portugal?
A: The currency used in Portugal is the Euro (EUR).
Q: Can foreign nationals own a company in Portugal?
A: Yes, foreign nationals can own a company in Portugal.
Q: Are there any specific regulations for foreign-owned companies in Portugal?
A: Foreign-owned companies in Portugal must comply with various regulations and restrictions, including foreign equity ownership limits, capitalization requirements, and other restrictions on certain industries.
Q: What are the benefits of forming a company in Portugal?
A: Some of the benefits of forming a company in Portugal include a strategic location in the heart of Europe, a favorable business environment, a stable political and economic climate, and a range of investment incentives and promotion programs offered by the government. Additionally, Portugal has a highly skilled workforce and offers opportunities in sectors such as tourism, renewable energy, and technology.
Portugal has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 2.2% in 2019, and is expected to grow by 1.7% in 2020. The unemployment rate has also decreased from 11.2% in 2017 to 8.2% in 2019. Inflation has remained relatively low, with an average of 1.3% in 2019. Portugal's public debt has also decreased from 129.2% of GDP in 2017 to 118.2% in 2019. The country has also seen an increase in foreign direct investment, with a total of €7.3 billion in 2019. Overall, Portugal's economy has seen positive growth and is expected to continue to improve in the coming years.
In Portugal, both individuals and companies are subject to taxation. Personal income tax is levied on residents' worldwide income and non-residents' income derived in Portugal. Corporate income tax, on the other hand, is levied on resident and non-resident companies' income derived in Portugal.
For personal income tax, the tax rate ranges from 14.5% to 48% depending on the income level. There are also additional taxes on specific types of income such as capital gains, interest, and dividends. Residents are required to file an annual tax return, which is due by April 30th of the following year.
For corporate income tax, the tax rate is a flat 21%, and companies are required to file an annual tax return, which is due by May 31st of the following year. Companies are also required to make advance tax payments on a quarterly basis throughout the year based on their estimated annual income.
In addition to personal and corporate income tax, there are other taxes in Portugal, including value-added tax (VAT), which is currently 23%, and a stamp duty on various transactions such as contracts and real estate transactions.
Taxpayers can pay their taxes through various methods, including online banking, ATM, or at tax offices. There are also options for installment payments for certain taxes. It's important to note that failure to pay taxes on time can result in penalties and interest charges.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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