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Open a Startup in Portugal
The above-mentioned steps are part of the incorporation process of a startup in Portugal, mentioning that all the bureaucracies and procedures can be properly handled by one of our specialists in company formation in Portugal. Here is an infographic that tells you more about startups in Portugal:
The startup ecosystem in Portugal aligns with important and appreciated business hubs from abroad and allows small or young entrepreneurs to access funds in a fast manner. The Portuguese government offers support through varied programs and incentives, letting businesspersons enter quite fast on the market. Those interested in opening a startup in Portugal can solicit assistance and guidance from our team of company formation agents in Portugal. We are here to help both domestic and foreign entrepreneurs start a company in Portugal, by handling all the formalities.
What is the proper business structure for my startup in Portugal?
LDA or the limited liability company is the most popular business structure in Portugal and the choice of numerous entrepreneurs looking for a fast start on the market. The incorporation of an LLC is quite simple, with complete support and guidance offered by one of our specialists. Here are the main steps for opening a business in Portugal:
Prepare the Articles of Association with information about the owners, the activities, general rules, business address, etc.
Make sure the business name is available – a name verification can be made with the Portuguese Trade Register.
Apply for special licenses and permits, if the activities require so.
The registration for tax purposes is required.
If you hire employees, make sure you pay the social contributions.
What kind of business sectors can I choose for my startup in Portugal?
Can I open a startup as a sole trader in Portugal?
Do I need a Certificate of Admissibility for my business in Portugal?
How fast can I start my business operations in Portugal?
the total FDI stock registered by Portugal in 2018 was of around USD 135,8 billion;
around 6,100 new jobs were created in 2018, thanks to all sorts of FDI projects;
non-EU citizens can obtain Portuguese citizenship in 6 years if they make investments of at least EUR 350,000;
Portugal ranks 39th out of 190 worldwide economies, according to the 2020 Doing Business report issued by the World Bank.
If you are interested in more details about how to open a startup in Portugal, we kindly invite you to contact our team of Atlantic Consulting agents in Portugal.
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