There are two main business structures in Portugal; do you know if you’re registering your business as an LDA or an SA?
An LDA – Limitada (or, Limited Liability Company) – is the equivalent of a Limited company in the UK. If you’re a current business owner, or a startup with high capital, you can create an SA – Sociedade Anónima.
Setting up a business and trading in Portugal, you can take advantage of the 5% corporate tax rate; and the Non-Habitual Residency, which offers a flat tax rate of 20% on certain types of earnings applied.
When setting up a business in Portugal, you must have an appointed accountant prior to incorporation. Not only do they take the stress away, they will create a business bank account, arrange your VAT registration, and keep your bookkeeping records in check.
The expert team at RHJ Accountants are also able to provide full marketing services via our trusted partner, to launch and grow your business throughout Portugal.