Frequently Asked Questions
What is the process for forming a company in Portugal?
- Choosing a company name and ensuring it is available for use
- Drafting the articles of association and the bylaws of the company
- Filing the articles of association and other required documents with the Portuguese Commercial Register (Registo Comercial)
- Depositing the minimum share capital in a bank account
- Appointing directors and shareholders
- Obtaining any necessary licenses or permits
- Registering for taxes and social security
What are the benefits of incorporating a company in Portugal?
- Portugal is a member of the European Union, providing access to the EU market and its various benefits.
- Portugal has a well-educated workforce and a strong economy.
- Portugal offers a favorable tax environment for companies and individuals, with a corporate tax rate of 25%
- Portugal has a modern and flexible legal framework for companies.
What are the requirements for directors and shareholders of a Portugal company?
- A minimum of one director is required for a Portugal company.
- There is no requirement for directors or shareholders to be resident in Portugal.
- The minimum share capital required for a Portugal company is usually €5,000
What are the ongoing compliance requirements for a Portugal company?
- Portugal companies are required to file annual financial statements with the Portuguese Commercial Register.
- Portugal companies are required to hold an annual general meeting and to keep accurate records of their meetings and resolutions.
- Portugal companies are required to appoint a legal representative and maintain a registered office in Portugal.