Resettlement in Portugal under residency program

On 31st March 2023, 𝐌𝐫. 𝐃. 𝐒. 𝐒𝐚𝐢𝐧𝐢 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐂𝐫𝐨𝐰𝐧 𝐏𝐨𝐫𝐭𝐮𝐠𝐚𝐥 along with team participated in the seminar '𝐋𝐢𝐯𝐢𝐧𝐠 𝐢𝐧 𝐏𝐨𝐫𝐭𝐮𝐠𝐚𝐥' organized by 𝐎𝐩𝐞𝐧 𝐌𝐞𝐝𝐢𝐚 𝐆𝐫𝐨𝐮𝐩. It was an immense pleasure to meet stakeholders and explore updated policies and reforms about 𝐏𝐨𝐫𝐭𝐮𝐠𝐮𝐞𝐬𝐞 𝐈𝐦𝐦𝐢𝐠𝐫𝐚𝐭𝐢𝐨𝐧 & 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐦𝐚𝐭𝐭𝐞𝐫𝐬. We want to thank them for organizing a fantastic event.  However, Crown Portugal  tells you that Portugal has been a popular destination for immigration in recent years, and the country has tried attracting skilled workers, entrepreneurs, and investors worldwide. In 2020, Portugal announced several changes to its immigration laws to attract more foreign investment and talent. These changes included creating a new startup visa program and expanding the country's golden visa program, which offers residency and citizenship to investors and their families. Additionally, Portugal  has been ...

In Portugal, tax returns are usually filed annually  by taxpayers who are required to do so. The tax year in Portugal runs from January 1st to December 31st, and tax returns for the previous year are typically due by the end of April of the subsequent year. Still, this deadline may vary depending on the taxpayer's specific circumstances. Before filing IRS 2022, p lease remove the tax representative from your NIF number, which is essential for avoiding the heavy tax obligation.  If you have already passed the 183 days in Portugal for working and residing, please ask the tax authority to change your tax address along with the proof below. That can we have done online via the tax portal. Passport NIF  NISS Employment/ activity contact  Salary/ green receipts  Address proof in Portugal    The Portuguese tax system  uses a progressive tax rate, which means that higher-income earners are subject to a higher tax rate than lower-income earners. The tax ra...

Starting a company in Portugal  can be a relatively straightforward process, although it does require some planning and research. Here are some general steps to consider: Choose your business structure:  Portugal's most common business structures are sole proprietorship (Empresa em Nome Individual) and limited liability company (Sociedade por Quotas). Research the pros and cons of each design and choose the one that agreeably suits your needs. Register your company:  with the Portuguese Commercial Registry (Registo Comercial) and obtain a tax identification number (Número de Identificação Fiscal). Acquire required permits and licenses:  Depending on your business activities, you may need permits and licenses from various government agencies. Research your industry's requirements and ensure you have all the necessary paperwork. Open a business bank account:  You must open a business bank account in Portugal to manage your finances and pay taxes. Hire employees (i...

Investing in an existing business in Portugal can be an acceptable option for those looking to enter the Portuguese market without starting from scratch. However, it's essential to do thorough research and due diligence before making any investment decisions. Here are some steps to consider: Identify potential businesses to invest in:  There are various ways to find businesses for sale in Portugal, such as online marketplaces, business brokers, or networking with local business owners. Evaluate the business:  Once you have identified potential companies, conduct a thorough evaluation of their financial statements, operations, customer base, and market potential. Consider hiring a professional to assist with the evaluation process. Negotiate terms:  If you decide to move forward with an investment, negotiate the terms of the investment agreement, including the purchase price, payment schedule, and any other relevant conditions. Complete the transaction:  Once the term...

Investing in an existing business in Portugal can be an acceptable option for those looking to enter the Portuguese market without starting from scratch. However, it's essential to do thorough research and due diligence before making any investment decisions. Here are some steps to consider: Identify potential businesses to invest in:  There are various ways to find businesses for sale in Portugal, such as online marketplaces, business brokers, or networking with local business owners. Evaluate the business:  Once you have identified potential companies, conduct a thorough evaluation of their financial statements, operations, customer base, and market potential. Consider hiring a professional to assist with the evaluation process. Negotiate terms:  If you decide to move forward with an investment, negotiate the terms of the investment agreement, including the purchase price, payment schedule, and any other relevant conditions. Complete the transaction:  Once the term...