Portugal
Capital: Lisbon.
Official languages: Portuguese.
Currency: euro.
Company registration provides the following benefits:
- Low corporate income tax rate - from 15% to 21%.
- Opportunity to do business with EU partners.
- Simplified procedure for obtaining a residence permit for foreign investors.
Portugal is a country in the west of the Iberian Peninsula with an ancient and rich history. It is washed by the waters of the Atlantic Ocean from the west and south. It borders on Spain to the east.
Small and medium-sized businesses have traditionally played a large role in the Portuguese economy. The largest trading partner is Spain.
Features of taxation and reporting
Companies file a profit declaration for the year. Once a quarter, VAT reports are submitted electronically.
- Income tax - 14.7%
- Withholding tax - 35%
- VAT - 5-22%
- For dividends and capital gains - 25%
- Stamp duty - 0.8%
Company registration
Time frame for company registration: 2 weeks.
In Portugal, the most common form for company registration is a private limited liability company (BV) and a public limited liability company (NV).
Additional services: Opening a bank account – about 5 working days.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
A quick guide to registering a company in Portugal:
To quickly register a BV or NV company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registration of a company in Portugal has its advantages for entrepreneurs, but correct adherence to procedures and provision of necessary documents are essential for successful registration and further legal functioning of the company.
We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in Portugal in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
