How to Start a Small Business in Portugal

Updated on Wednesday 12th April 2017

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How-to-Start-a-Small-Business-in-Portugal.jpgPortugal is the oldest country in Europe, being recognized as a kingdom since 1139. It became a republic in 1910 and it was known as a powerful maritime country, offering easy entrance for those who were in charge of trading businesses. If you want to open a company in Portugal we invite you to solicit help and guidance from our Portuguese company formation specialists. Moreover, the company registration procedure in Portugal can be easy and ready in time if you provide the necessary documents to the authorities in charge.
 

Why choose Portugal for business?

 
Opening a company in Portugal and carrying on businesses can be done in a fast manner, as the authorities have encouraged the foreign investments with the help of several and important incentives. When deciding to relocate to Portugal for small business purposes, it is advisable to analyze the market and the major industries you wish to start your activities in. For instance, Portugal is known for its genuine local goods which are extremely competitive outside the country.
 
The agriculture, food industry, tourism, wine field are key sectors in Portugal, where numerous entrepreneurs choose to set up their activities. Besides that, you can also direct your attention to the online business opportunities. Financial benefits come with businesses like web design, online marketing, or social media activities, small businesses which can easily generate money. Many entrepreneurs are interested in opening fast foods or restaurants with local or international cuisine in the major cities like Lisbon, Porto, Setubal or Figueira da Foz where tourism is well- developed. The small companies in Portugal are the proper start in most domains for entrepreneurs who want to benefit from the opportunities of an attractive country.

How to open a company in Portugal

 
A local or a foreign entrepreneur who wants to establish his presence on the Portuguese market can choose from several business entities like the limited liability company, sole proprietorship, limited partnership or a cooperative. We remind that if you want to register a company in Portugal, it is best to seek advice and guidance from our experts in company formation in Portugal. You should consider the following steps when registering a company in Portugal with the Conservatorias de Registo Comercial:
 
•    choose a name for your small company;
•    draft the Articles of Association;
•    set up a bank account;
•    register for VAT and other social contributions;
•    apply for the proper business license.
 
Obtaining guidance in tax matters from our advisors and getting rid of the bureaucratic procedures in Portugal will help you start your business in a fast manner. Contact our team of company formation agents in Portugal if you want to start a small business in the country.
 
 

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