Take the first steps towards entrepreneurship is something increasingly sought by the Portuguese, opening doors to financial independence. For this, it is extremely important to gain prior knowledge of all involved process, especially the difficulties they may encounter when open a company in Portugal.
The process of starting a business in Portugal it is quite fast. In addition, the whole process has become easier year after year, and you can do it almost instantaneously and without leaving home. It takes approximately 1 hour to create a business. So Portugal is on the list of countries that provide their entrepreneurs a rapid process of creating startups, According to a report by the European Commission.
This committee also highlights the affordability that comes to people who want open a company in Portugal. Thus, it is only necessary to access the entity page called company Online. This is an excellent tool to reduce red tape and facilitate the access of entrepreneurs to the business world being quite simple to follow the steps.
In order to support more personalized obtaining further information or to ensure that any mistake is made in time to register the company, there is the possibility of opening the company personally. To do this, simply contact the company counters in the present time in the Company spaces scattered throughout the main Portuguese cities. If this method is chosen, then all members must move to one of these counters. In addition, you must have with you all the necessary documentation for Company opening.
In Portugal, the rules governing foreign investment are similar to those applicable to domestic investment. Ie, it does not impose the need for any special registration or notification from any authority. However, if the holder is not resident in Portugal, will need to obtain a Portuguese NIF for tax made. This card can be obtained directly from the relevant tax authorities, in person or through appointed representatives in the case of residents of the European Union.
If you are not a European resident, then it is necessary to appoint an individual or entity resident in Portugal to represent together the Portuguese tax authorities.
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). This figure includes the commercial register and publications associated with the formation of the company and may increase if the constitution have entries of movable property, real estate or shares subject to registration. For each property, share or shareholding plus 50 €, 30 € for each movable and € 20 a moped / motorcycle, tricycle / quadricycle with cylinder capacity not exceeding 50 cm3, up to 30 000 €.
At the time of company registration it is also necessary to identify the legal form that the company will follow. Thus, the entrepreneur must know the various types of companies in this country.
In order to complete the process open a company in PortugalIt is essential to some paperwork. The documents required for opening a business are:
- Tax Identification Number (TIN);
- Business Registration;
- Proof of enrollment in Social Security;
- early declaration of activity;
- Approval certificate;
- Deposit of capital;
- Finally, preparation of statutes or constitutive act of society
In terms of expenses, it is also necessary to add the services provided by the Accountant (TOC). In other words, companies are required to hire this, internally or externally, which is held responsible for the submission of tax returns and round a cost of 200 € per month. Associated with this type of service, there is also the costs associated with the acquisition of a billing software certified by the tax authority.
Fees and taxes
After opening the company must rely on other monthly expenses, among which are:
Tax people Collective Income) which is the tax imposed on the income of companies operating in Portugal. So whenever a company makes a profit of a certain fiscal year, you must declare it and pay the tax on your income. This rate is 21%, however in the case of small and medium enterprises, the first 15,000 € of tax bases are taxed 17%.
Tax Value Added) which is the general tax on the consumption of products, services, imports and commercial transactions. Rates are 23%, 13% or 6% depending on the type of goods and services.
It is a municipal tax levied on taxable income of legal persons. Therefore, their rate set annually by different municipalities. The overall rate can not exceed 1.5% and the pouring of the municipality where the company has established is available on the Portal of Finance.
It is another type of tax on companies whose taxable income exceeds € 1.5 million, 3% rates of 5% or 9%.
Finally, this fee is paid on the amount of wages of employees.