Because of the economic stability of the Portuguese country, opportunities and different branches of investment possibilities, many non-resident foreigners are attracted to start a new business and open a company in Portugal.
To do so, it is important to understand all the bureaucratic steps, legal implications, analyze the possibilities of undertaking and investing in the country, and seek information about the criteria, requirements, and demands for getting the proper authorizations. After all, no good business starts unless it has a good plan and is in compliance with the law.
And, for those who want to start a company in Portugal, we have separated some more specific information, as a “guide” so that a foreigner can also open a company in the country.
One of the first steps is to understand the scenario of the Portuguese country and analyze if it is a prosperous context for the business sector that you seek to start in the new country, with new culture and social norms.
Next it is necessary to look for ways to invest, specialize in the chosen sector, build the space, understand how to prospect, and do a good, structured market study.
One of the advantages is that the person who wants to open a company in Portugal is independent of third parties, national or not, the only mandatory issue is that one of the partners needs to be a fiscal and legal resident in the country. However, there are some basic requirements that are essential for anyone looking to start a business in Portugal.
A specific residence visa is not required, but it is essential that the entrepreneur has a tax number, known as NIF.
Thus, it is possible to open a company being a resident Portuguese, a non-resident Portuguese, a resident or non-resident foreigner, having or not having a residence permit.
The only point to pay attention to is that at least one of the partners needs to be a fiscal and legal resident in Portugal. If there is no partner who is tax and legally resident in Portugal, a representative must be appointed.
When you decide to open a company in Portugal, you have to think:
With this article it will be possible to understand the basics of how to open a company if you are not a resident in Portugal. In order not to take risks or have unnecessary losses, it is important to follow all the legalizations and regularities required by the Portuguese government to open your company in Portugal. Count on the support and advice of a specialized migration lawyer to get your business off the ground successfully!
Personalized service in which the client will present the specific case to lawyers who, based on their professional knowledge and vast experience, will provide the necessary clarifications.
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