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Company formation in Portugal
Comprehensive assistance in company formation, including banking services
How to form a company in Portugal
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Portugal and opening a bank account in Portugal
2
Payment of services
Payment of our services for company formation in Portugal and/or bank account assistance in Portugal
3
Company formation
We register a new company in Portugal for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Portugal
Minimum share capital that is required to register a company in Portugal as a Lda. (limited liability company) is just EUR 1.
1. Founders that would like to register a company in Portugal can either be resident or non-resident in Portugal. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Portugal. It is not required to register a company in Portugal with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Portugal and simultaneously be a shareholder and a director in this company if such company is registered as a Lda. (a limited liability company).
4. There is no requirement for creating substance in Portugal - no need to hire local employees or rent an office in order to establish a company in Portugal or to conduct business in Portugal.
5. Minimum share capital that is required to register a company in Portugal as a Lda. (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Portugal is complete is publicly available in the state corporate register
7. We can help you register a company in Portugal remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Lisbon for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Portugal. It is not required to register a company in Portugal with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Portugal and simultaneously be a shareholder and a director in this company if such company is registered as a Lda. (a limited liability company).
4. There is no requirement for creating substance in Portugal - no need to hire local employees or rent an office in order to establish a company in Portugal or to conduct business in Portugal.
5. Minimum share capital that is required to register a company in Portugal as a Lda. (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Portugal is complete is publicly available in the state corporate register
7. We can help you register a company in Portugal remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Lisbon for 1 day in order to open a corporate bank account.
Cost of services
Formation of a Lda.
Timeframe - 17 business days
Timeframe - 17 business days
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Advantages of forming a company in Portugal
Attractive business-environment
- Access to major EU markets
- Highly-developed infrastructure
- Access to the Mediterranean Sea and to the Atlantic Ocean allows to establish maritime trade with EU, North and South American and African states
- Open economy, no trading restrictions
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Corporate income tax is just 14.7% if a company is regisered in the Autonomous Region of Madeira
- Multiple double tax treaties
No foreign exchange controls
- Portugal joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Portugal may open bank accounts in Portuguese banks in any currency
Ease of establishing and doing business
- Minimum share capital that is required to register a company in Portugal as a Lda. (limited liability company) is just EUR 1
- 100% foreign ownership of a company is available
- Remote company formation in Portugal is available
More about Portugal
Portugal is located in Western Europe on the Iberian Peninsula and includes also the Azores and Madeira islands. Portugal borders Spain and has access to the Mediterranean Sea and to the Atlantic Ocean, which allows to establish maritime trade between Europe, two American continents and Africa.
Population of Portugal amounts to around 10,4 million people.
Population of Portugal amounts to around 10,4 million people.
Official currency of Portugal is euro (EUR).
Portugal's GDP in 2017-2018 grew by 2,5% and amounted to USD 237,98 billion.
Portugal's economy is diversified and is mostly focused on service sector, which makes up 65,1% of total GDP. Industrial sector amounts to 19,4% of total GDP. Major industrial fields are metallurgy, machinery, electric manufacturing, textile industry and construction. In recent years IT and biotechnology were also developed. The growth of Portuguese economy is strongly influenced by internal demand.
Portugal's GDP in 2017-2018 grew by 2,5% and amounted to USD 237,98 billion.
Portugal's economy is diversified and is mostly focused on service sector, which makes up 65,1% of total GDP. Industrial sector amounts to 19,4% of total GDP. Major industrial fields are metallurgy, machinery, electric manufacturing, textile industry and construction. In recent years IT and biotechnology were also developed. The growth of Portuguese economy is strongly influenced by internal demand.
Foreign investors establish business in this jurisdiction for travel business, construction in Portugal, production of electronic equipment, car industry, production of pharmaceutical goods, as well as for IT.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- telecommunications
- television, radio
- postal services
- air transport.
- Corporate income tax - Standard tax rate 21%. Tax rate 14.7% applies to companies registered in Madeira and under certain conditions. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Municipal surcharge - up to 1.5%
- State surcharge if taxable income exceeds EUR 1,5 million/EUR 7,5 million/EUR 35 million - 3%/5%/9%
- Dividend withholding tax - 25%
- Interest withholding tax - 25%
- Royalties withholding tax - 25%
- Capital gains tax - Standard tax rate 21%
- VAT - Standard tax rate 23% or reduced rates from 4% up to 22% or tax exempt. Tax returns are filed on a monthly, a quarterly or an annual basis
- Personal income tax - from 14.5% up to 48%.
Apart from such traditional business entity types as a limited liability company (Sociedade Por Quotas - LDA) and a public limited company (Sociedade Anónima - SA), corporate law in Portiugal offers to establish a business as:
1. General partnership (Sociedade em Nome Collectivo - SNC)
2. Limited partnership (Sociedade em Comandita - SC)
3. Partnership limited by shares (Sociedade em Comandita por Acções - SCA)
To receive a detailed description of the company formation procedure in Portugal and information about documents necessary for company formation in Portugal please contact our experts.
1. General partnership (Sociedade em Nome Collectivo - SNC)
2. Limited partnership (Sociedade em Comandita - SC)
3. Partnership limited by shares (Sociedade em Comandita por Acções - SCA)
To receive a detailed description of the company formation procedure in Portugal and information about documents necessary for company formation in Portugal please contact our experts.
Send a request for company formation in Portugal
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Phone: +44 20 8157 4037
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
