:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
2600.00 EUR 1150.00 EUR 1 21.00% 50000.00 Yes

SA company in Portugal

portugal-703890.jpgPortugal is considered a promising state among other European countries, and it is easier to establish and conduct business activities there.

The country is attractive for non-residents because of the following:

  1. The level of taxation there is not considered high.
  2. The state is characterized by a favorable climate for business activities.
  3. The government encourages investment.

Advantage is given to:

  1. LDA (Sciedade Limitada) is an analogue of LLC.
  2. SA. Organizational and legal form of Sociedare Anonima / Sociedare Aberta, which is an analogue of OJSC and CJSC or PJSC, is selected by large enterprises.

Features of SA company

Minimum number of participants is 5.

A company is managed by the Board of Directors.

Authorized capital depends on the scope of activity of a company, but it should not be less than 50 thousand euros. Payment of 70% of the capital can be deferred for up to 5 years, but 30% must be paid immediately.

It is allowed to issue registered shares and bearer shares (in case of the issue of the latter, they must be paid in full). Shares can be ordinary and privileged ones. The latter can:

  • not provide for the right to vote at general meetings, but give a guarantee of receiving dividends. There can be issued up to 50% of above;
  • be subsequently bought out by a company. This applies only to fully paid shares. The owner has the right to receive an amount equivalent to its price at the time of purchase, except for periodic dividends.

The reserve fund of Portuguese PJSC is 20% of the authorized capital. At least 5%-contributions must be transferred to it annually during the formation period.

The Charter of Company and the Issue Prospectus (a document with information on the forthcoming issue of securities) is submitted to the register of companies.

Accounting and taxes

Any Portuguese company is required to file annual audit reports. The staff must include own auditor, if the following two conditions are met within two years after registration:

  1. Profit margin has become 3 000 000 euros and more.
  2. Amount of net assets is 1 500 000 euros or more.
  3. Average number of employees for the year is 50 or more.

Companies in Portugal pay taxes quarterly (in advance payments).

It is necessary to be registered for tax purposes within 15 days from the date of submission of an application for registration.

An auditor signs the documentation together with company representatives.

Free zones of Madeira and the Azores

The main activities in the territory of Madeira and the Azores are as follows:

  1. 1.Industrial and commercial (they can only be conducted within the area of ​​Canisal in Madeira County).
  2. 2.International service, including holding and management companies.
  3. 3.Offshore financial services. They are carried out through offshore branches or with the involvement of autonomous legal entities. They can be credit institutions, financial companies, insurance and reinsurance business, leasing and factoring companies or collective investment funds. A legal form of an offshore trust can also be used.

Companies in the jurisdictions of Madeira or the Azores are controlled by the Bank of Portugal or the Portuguese Institute of Insurance. They do not fall under the currency control applicable to residents or other rules.

Offshore banking and financial institutions are eligible for financial and tax benefits that are granted to industrial and commercial companies operating within free trade zones.

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Nominee director and shareholder
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General information
Square92 090.00
Population10 781 500.00
CapitalLisbon
Unemployment20.00
State polityrepublic, parliamentary democracy
Telephone code351
Place in the world in corruption32
locationSouthwestern Europe, bordering the North Atlantic Ocean, west of Spain
ClimateMaritime temperate; cool and rainy in north, warmer and drier in south; avg. maximum temperature (August) +29°; avg. minimum temperature (January) +3°
Literacy rate93.30%
Ethnic groupsHomogeneous Mediterranean stock; citizens of black African descent who immigrated to mainland during decolonization number less than 100,000; since 1990 East Europeans have entered Portugal
National currencyEuro (EUR)
USD exchange rate0.75
GDP per capita58
Official languagePortuguese and Mirandese (but locally used)
Credit ratingA+
The judiciaryThe Constitutional Court, Supreme Court, the Chamber, the Supreme Administrative Court
Executive authorityHead of government: Prime Minister. Government: Council of Ministers appointed by the president on the recommendation of the Prime Minister
Legislative authoritiesunicameral Assembly of the Republic (230 seats)
Corporate information
Opportunity to purchase ready-made companiesНет
Legal systemCivil Law
The use of the Cyrillic alphabet in the nameДа
Local registered officeДа
Organizational and Legal FormsCorporation (Sociedade anônima ) (SA), limited liability company (Sociedade por Quotas) (Lda), general and limited partnership, limited partnership by shares, branch of a foreign entity, individual enerprise with limited liability
Indication of BPA in the nameSA
Local registered agentДа
Shares and share capital
Standard currencyEuro
Information about the beneficiary is disclosed50000
The minimum amount of paid-in capital, nat. currency50000
The minimum amount of the issued capital50000
Bearer sharesНет
Possibility to issue shares without par valueНет
Taxation
VATНет
Basic corporate tax rate21.00%
Capital gains taxНет
Currency controlНет
Corporate tax rates detailsMunicipal and state surcharges apply, resulting in a maximum aggregate tax rate of 31.5%.
Stamp dutyНет
Director and Secretary
Minimum number of directors1
The requirement for residency directorsНет
Director of legal entities are allowedДа
The data reveals to the local agentНет
Data field to the public registryНет
The requirement for the presence of the SecretaryНет
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders5
Data is entered in the public registerНет
Shareholders residency requirementНет
Information about the beneficiary is disclosedНет
Information may be disclosed to the local agentНет
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditНет
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)32
Membership in the OECDДа
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
40.00 40.00 390.00 140.00 160.00 0.00 590.00 EUR 185.00 EUR
«TRADEMARK» refers to «Wordmark» or «Logo»

60.00 60.00 390.00 140.00 160.00 0.00 590.00 EUR 210.00 EUR
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

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