Portugal

Portugal has simplified the process of company formation and therefor the fees are less than before. The company it self can be registered in one day, but there are following procedures that need to be taken care of in order to finish the process. Contact us for more details.

Corporate tax VAT
21% 23%

Limited liability company

Sociedade Por Quotas (LDA)

Minimum Share capital

1 EUR each Shareholder(1200 EUR)

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local Director required

No

Other requirements

No

Bank signatory must travel

Yes

Timescale for company formation

5 days

Timescale for bank account opening

7 day

Timescale for obtaining VAT number

14 days

Statutory audit requirements

No, if income is below 3M

Shelf companies available

No

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