Portugal is a country located in south-western Europe on the Iberian Peninsula, bordered by Spain to the north, and east, and the North Atlantic Ocean to the west. Its name is derived from its second largest city Porto whose Latin name was Portus Cale. The capital is Lisbon, and the currency is the Euro. The official spoken language of Portugal is Portuguese. It is a member of the EU, UN, OECD and NATO. It is a stable democratic republic which has a very diverse economy.
- TYPE OF COMPANY: Private Limited Company (Sociedade por Quotas – Limitada)
- COMPANY LAW: Commercial Code, Decree Law 262/86 of September 1986 (as amended)
- SUFFIX TO DENOTE LIMITED LIABILITY: LDA
- DIRECTORS: Minimum one who can be of any residency or nationality – we can provide
- SECRETARY: Minimum one who can be of any residency or nationality, either natural persons or corporate bodies – we can provide
- SHAREHOLDERS or “Quota holder”: Minimum one who can be of any residency or nationality – we can provide
- CLASSES OF SHARE: Registered
- CAPITAL REQUIREMENTS: €1
- OWNERSHIP: 100% Foreign ownership allowed
- TIME TO INCORPORATE: 1 – 2 weeks
- REGISTERED OFFICE: Required in Portugal – we can provide
- ANNUAL RETURN: Yes
- ACCOUNTS: Yes
- DISCLOSURE: Yes
- TAXATION: Corporate Tax 27.5%
- GOVERNMENT LICENCE FEE: N/A
- DOUBLE TAXATION TREATIES: 66
- LANGUAGE OF DOCUMENTATION: Portuguese with certified English translation
If you would like further information on setting up a company in Portugal or the formation of a Portuguese company or other Portugal corporate entities or require professional advice relating to taxation or the structuring and requirements of a Portuguese company, please contact us. We can also provide advice on establishing a subsidiary, joint venture or foreign company to carry on business in Portugal.
We can provide a wide range of support and administration services, bank introductions, nominee directors, nominee shareholders, virtual offices, accountancy and legal services. We can also advise on compliance with all the regulatory and statutory requirements.