You need to have a Portuguese residence permit (or a Certificate of Registration if an EU/EFTA citizen who has been a Portuguese resident for less than five years) to start a business in Portugal. See our guide to Portuguese residence permits for even more information.
How much does it cost to open a company in Portugal?
Starting a business in Portugal has a cost of 360 € to be paid at the time of the company’s constitution, in cash, cash or certified check or bank issued the order Institute of Registries and Notaries (IRN).
Can you start a business in Portugal?
Foreigners and nationals can start a business in Portugal as long as they have the required work permits and minimum capital investment. But many expats do feel that the bureaucratic process can be confusing and having a trusted local to help you navigate the system is an advantage.
Is it easy to set up a company in Portugal?
The first and arguably the easiest method is setting up online (Empresa Online). This allows you to register online for around €360. You will receive your registration within 1-2 business days. If you don’t want to wait 1-2 business days, or would rather register your business in person then you can.
What type of business should I start in Portugal?
Best Business To Start In Portugal
- Start a food delivery business ($300K/year)
- Start a clothing boutique ($120K/year)
- Become an it consultant ($25.2K/year)
- Start a cleaning business ($1.2M/year)
- Start a niche investment platform ($4.2M/year)
- Start an online advertising agency ($300K/year)
Is Portugal a good place to start a business?
Portugal is a good place to start a business if you plan to start a technological company, special in the software and/or in the internet field, having the global market as the main target. In the other hand, tourism is also an interesting option in Portugal, specially in its rural version.
How can I get permanent residency in Portugal?
Permanent residency can be obtained by an investment scheme, which is called the golden visa scheme. Portuguese law also permits to apply for residency by family reunification. The student also can apply for a residency permit, but their study should be more than six months.
What is the cost of living in Portugal?
Just about everything, from accommodation to groceries, is affordable. Including rent, a couple can live comfortably in Portugal’s interior, or in small cities, from about $1,700 a month. A couple’s budget in Lisbon starts at about $2,100 or $2,200 a month… though you can, of course, spend more.
How do I register a business name in Portugal?
Steps in opening a company in Portugal
- Verify the business name and make a reservation with the Portuguese Trade Register.
- Appoint a legal representative for your company in Portugal.
- Draft the Articles of Association with information about the owners, business activities, etc.
How do I become self employed in Portugal?
All self-employed persons must register for income tax, social security and VAT (IVA), and anyone with an income in Portugal requires a foreigner’s identification number (número de contribuinte), obtainable from your local tax office ( Departamento de Finanças).
How do I open an activity in Portugal?
Portuguese tax residents can also open their business activity on the Internet through the Finanças website. To submit a declaration, you must first have a Portuguese Tax Identification Number (“NIF”) as well as your Finanças password (“senha”).
How do I register my restaurant in Portugal?
Steps in opening your restaurant in Portugal
- prepare the articles of association;
- reserve a name for your company;
- register for VAT and social contributions;
- open a bank account for minimum share capital and further financial transactions;
- apply for the necessary licenses and permits available in the food industry.
How can I get business visa in Portugal?
Visit the online visa application portal of the Portuguese Republic. In the application form, choose the consular post as the ‘consulate general of Portugal in Goa’. Fill in the rest of the application form with all the relevant details. You must choose the purpose of the visit as ‘business’.