Open A Subsidiary In Portugal

Introduction to setting up a Portugal subsidiary

Portugal is great for company expansion as it has advanced transport connections and telecommunications. The country also has an excellent infrastructure and offers incentives to foreign investors looking to establish a subsidiary. As with branches, Portuguese subsidiaries must comply with the establishment regulations as set by the Guidelines for Multinational Enterprises – Corporate Social Responsibility.

 

What are the main formalities of a Portugal subsidiary?

  • The minimum share capital required for an Lda (private limited companies) is €1
  • The minimum share capital required for an SA (public limited company) is €50,000
  • The Memorandum & Articles of Association of the subsidiary
  • The appointment of a board of directors
  • POA is required if a representative  of the subsidiary is appointed

The documents shown above must be filed with the National Companies Register in order to register the subsidiary.

The requirement for apostille and translation of documents depends on the individual situation.

 

What are the accounting requirements of a Portugal subsidiary?

The Portuguese Parliament regulates the taxation and accounting requirements for companies.

Registration of the subsidiary with the Tax Office is required for VAT and taxation purposes. Monthly or trimestral VAT returns and annual tax returns must be periodically filed.

Accounts and declarations can be submitted online through the Simplified Business Information (IES) system which is accessed through the Tax Gateway.

Please visit our partners Accountancy In Europe for further information on accountancy services and tax rates in Portugal.

 

Subsidiary Formation Packages

Our comprehensive subsidiary formation packages take care of all aspects of the incorporation process, organising services such as subsidiary and VAT registration for you. We are proficient in the complexities of European formation requirements, and with our support your formation process will be efficiently completed to your specifications.

 

For further information on Portugal subsidiaries please contact us or send an enquiry using the form below.