can be easily relocated to Portugal after Brexit
, however, business owners need to observe the new rules in this matter. The entire formalities for UK company relocation to Portugal
can be explained by one of our company formation in Portugal
. We are here to provide information and support if you want to start a business in Portugal
What changes after Brexit from a business point of view?
UK recently decided to leave the European Union, and such a decision entered into force at the beginning of 2021. The business rules suffered a few changes and mostly the ones referring to import and export activities. In any case, the general business rules need to be respected by UK company owners
if they want to relocate the firm to Portugal
- The first step is to make a declaration that mentions the relocation from UK to Portugal, a document that must be signed by the company owners and administrators.
- The de-registration of the UK company starts when the declaration of relocation is signed.
- For the moment, there won’t be changes to the tax structure for British companies with operations throughout the EU. UK firms can continue the business in Portugal.
- A UK company needs to pay the debts before relocation.
Once the de-registration is concluded in UK
, the relocation process to Portugal
can commence. The movable assets enter the discussion, alongside the registration of the firm in Portugal
. The entire process might seem complex for UK business owners found for the first time in Portugal. This is where our company formation specialists in Portugal
can help business owners enjoy a smooth and simple relocation process.
Registering the UK company in Portugal
First of all, the business form needs to be selected, and in Portugal, the limited liability company or LDA
is the proper structure, due to simplified formalities and other important benefits. EUR 5,000 is the minimum share capital for a limited liability company in Portugal, deposited in a local bank account. A director can manage the LDA in Portugal, the former UK company. Then, if the Articles of Association with information about the UK company in Portugal are accepted by the authorities, the next step is to register for taxation and social contributions, helped by one of our specialists. This area is important and can be covered by our experts in company formation in Portugal
. No matter if you want to relocate your UK company to Portugal
or start a business in this country.
Investing in Portugal
is open to business and foreign investments of any kind and sustains businessmen with plenty of encouragements for development. The country has a strategic geographic location that allows international business connections without restrictions. The business environment of Portugal
is highly appreciated and many foreign companies already thrive in this country in sectors like tourism, fishery, agriculture, manufacturing, furniture, biotechnology, and more. In terms of advantages for investors in Portugal, besides the experienced, young, and multilingual workforce, the world-class infrastructure, complete investment protection, a safe business environment, transportation, logistics, plus taxation are great benefits that attract entrepreneurs from overseas. Those wanting to reinvest the profits in the firm can enjoy reduced taxes or even exemptions under certain conditions. Plus, there are advantageous visa and residence programmes in Portugal
that come with a wide range of grants.
Choose our specialists in Portugal
The UK company relocation to Portugal
is a process that can be overseen by our specialists in company formation. Our international customers benefit from the services of a professional and experienced team who can handle all the formalities in terms of company formation and more. We work in the complete interest and benefits of our clients because we want to achieve the best possible results. Incorporating a company in Portugal
is not a complex process, on the contrary. The entire registration of a company in Portugal enters the attention of our specialists who can help both domestic and foreign entrepreneurs have a fast start on the Portuguese market. Here are some interesting facts and figures about the economy of Portugal:
- • Nearly USD 161 billion represented the total FDI stock for Portugal in 2019.
- • In terms of ease of doing business, Portugal ranked 39th out of 190 economies in the world, as stated by the World Bank.
- • The Netherlands, Spain, and Luxembourg are the main investors in Portugal.
Interested in relocating the UK company in Portugal
? Please feel free to contact
our company formation specialists in Portugal
and ask for assistance.