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Company Formation in Portugal is one of the best to start a business in Portugal and the European zone. Here in Portugal, several types of companies," but the most common and reasonable company in Portugal "Individual company (UNIPAL)" own 100% by one physical person, and "Private Limited Liability Company (LDA.)" managed by unlimited shareholders and partners. Before incorporating, must prepare and draft MOU of the company where has to define activities and responsibilities along with shares ownership. Shareholders can sign documents physically or legal representative signed on behalf of a power of attorney. download PDF
Documents requirements:
Passport or equivalent
Address proof of shareholders and board of directors
Virtual or physical office space
Memorandum of association
Translate documents in Portuguese or English.
The company must be active in the taxation, labour, and financial department whiten 15 days from the moment of formation. The business account was obligatory with any private and public financial institutions for a limited period.
Step by Step Guide for the formation:
Step-1. Selection Type of Company (LDA, UNIPESSAL, SA, SC, SNC, EIRL)
Step-2. Personal Portuguese tax number of funders (NIF)
Step-3. Address for Company formation in Portugal (V I R T U A L or P H Y S I C A L)
Step-4. Transferring power of attorney to (LAWYER, NOTARY, TAX RESIDENT OF PORTUGAL)
Step-5. Name selection of your future Company in Portugal (PRE-EXISTING NAME HERE JUSTICA.GOV.PT)
Step-6. Drafting memorandum of understanding (MOU)
Step-7. Singing documents and MOU (FUNDERS)
Step-8. Pay state fees (GOVERNMENT FEE 220 EURO)
Step-9. Get Company certificate of registration (ONLINE ACCESS CODE)
Step-10. Apply Beneficiary certificate (FOR COMPANY BANK OPERATION)
Step-11. Open a company bank account (BUSINESS ACCOUNT)
Step-12. In panel certified accountant (FOR ACCOUNTING SERVICES)
Taxation in Portugal:
Income tax for residents 14.5% to 48%
Income tax for non-residents 25%.
Social security on tax Salaries 11% + 23.75%
value-added taxes (VAT) 23%
corporate taxes 25%
to know more about formation company, download
FAQ Company Formation in Portugal
Q: Can a person start an offshore company in Portugal?
A: “YES,” but he or she can process their immigration file or gain any benefits.
Q: What are UNIPAL and LDA?
A: UNIPAL; Individual Company holds 100% share by shareholder & LDA: Private Limited Liability Company consists of several shareholders & directors in the company.
Q: What is the duration of Company activation in tax, social & labour departments?
A: Approximately 15 days or latter subject to a fine.
Q: What is the minimum capital required for the startup/ formation of each company?
A: 1 Euro onwards
Q: After starting a company in Portugal, can the business be widespread in the entire European continent?
A: “yes,” but only in the EU countries.
Q: Do the Portuguese government provide financial aids regarding private business startups?
A: “YES,” but only if the business idea is employment generating and environmentally friendly, then the Portugal GOVT. It allows you to present your picture in front of a committee of investors.
Q: Do we need to form more than one company to execute more than one business idea?
A: “No,” with only one company, several ideas posterior created.
Q: What are the taxes of a person starting up a business?
A: VAT, income tax, corporate and social contribution.
Q: Does having a company helps you to get residency?
A: “YES,” it is possible.
Q: Is Portugal investment friendly?
A: “YES,” Portugal offers several opportunities in the field of agriculture, IT, call centre, etc.
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