Registration of a company in Portugal (Lda).
from 1720 c.u.
The Portuguese Republic, or Portugal (port. República Pertuesa, Portugal) is the westernmost state in continental Europe.
The country also includes:
- Azores
- Madeira archipelago
Portugal is considered being one of the most promising countries in the European Union for various reasons: on the one hand, doing business here is quite simple in terms of legislation, on the other hand, there are a number of tax breaks for foreign investors.
It can be noted that Portugal is in the stage of economic development and can offer a large scope for activities and investments.
Advantages of registering a company in Portugal
If you have chosen Portugal as a country for doing business, then you will receive at least the following benefits:
- low tax rates
- comfortable conditions for doing business
- every kind of encouragement of entrepreneurial activity
- all European Union bonuses
Types of companies
In Portugal, there are many options for forms for starting and running a business.
Among the most common are 2:
LDA (Analogue LLC) – for small and medium-sized businesses
- there must be 1 director and 2 members
- minimum authorized capital is not set
- only one director is enough
- it is possible to issue registered shares
- the entire authorized capital shall be paid in by the end of the first financial reporting period
SA (Analogue JSC) — for large businesses
- number of participants — from five
- authorized capital not less than 50 000 EUR
- it is possible to issue shares (various types)
- management in the hands of the Board of directors
If you are not sure which form of ownership to choose, please contact our lawyers! We will help you assess your situation and make the right choice.
Accounting and taxation
Portugal has its own subtleties regarding accounting and taxation.
Among the main features are the following:
- it is necessary to submit reports annually
- single tax rate is 25%
- availability of various taxes along with benefits
- tax payments are made 4 times a year
When considering registering a company in Portugal, it is worth considering both Portugal itself and its offshore zones. In order to have a complete picture of the pros and cons, please contact our specialists.
