Business in Portugal
Portugal's country is situated in southern Europe & founded in the year 1143. It is a developed and high-income country as per HDI (Human Developing Index). It joined the European Union in the year 1986. It is a safe country with a friendly economic environment that makes it unique, and its strategic location and logistics infrastructure; advance communication system always attracts foreign investors worldwide.
The reason the Portuguese government is inviting foreign investors.
Our company’s business analytic team has analysed that the Portuguese government wants foreign Investors/Business people to invest in their country because it will make the economy healthy and balanced; therefore, the Portuguese’s economy is open for international trade. In recent years, import growing faster than export, which is affecting the Portuguese economy, and domestic demands for products are rising day by day, making it economy unbalanced. Besides this, the Portuguese government wants to drop down the country’s unemployment rate to bring prosperity, and the young generation utilises their skills in their own country instead of migrating to other countries for jobs and a bright future. Foreign investors are creating employment in Portugal due to the year 2018, and the unemployment rate dropped 7% from 8.9 %. In December 2018, the country paid back the remaining EUR 4.7 billion of loans, which the International Monetary Fund granted in the year 2011.
The Agency for Investment in Portugal (AICEP) regularly publishes investment opportunities in the below sectors.
In Agriculture Sector: foreign investors can cultivate crops like olive, rice, corn, wheat, barley, nuts, mushrooms, grapes, and vegetables; besides this, they can run Poultry farming, dairy farming and fish farming, forestry, etc.
In the Industry Sector: mostly industries are the automotive industry, chemical industry, petrochemical refining, biological industry, pharmaceutics, electrical & electronic engineering industry.
In the Service Sector: tourism, information, communication technology industry, health care services, hotels, restaurants, educational schools/colleges, call centres, and transportation (taxi, truck).
Lucrative key points of Business/Investment in Portugal
Portugal has an excellent international relationship with Europe, the USA, Latin America and India; it has a strategic location, making easy access through air, sea, road, and railway, which gives a big platform to foreign investors for entering the international market. Its currently trading partners are Spain, France, Germany, the United Kingdom, and the USA.
Portugal has the availability of skilled & educated human resources at a lower cost than other European countries.
Portugal has a free zone for business and investment. It secured an excellent quality of life; investors can live with their family and no racial discrimination.
Portuguese’s law is the same for foreign investors and local investors; there is no restriction on foreign investors; the foreign investor can become the owner of the land, industry, shop, restaurant, etc., which is necessary for establishing a business.
Portuguese’s government benefits foreign investors such as subsidies and facilities in establishing small and large business. Also, the government provides a special incentive to foreign investors to reduce corporate tax; besides this, those companies are creating permanent jobs in Portugal. They can get a discount of 50% on their social security payments.
The government gives priority to FDI ( Foreign Direct Investment).
Services we offer
The FAQ’s
- Q: Can I hire foreigners to start my business in Portugal.
- A: “yes,” you can.
- Q: Can I buy running/existing business in Portugal?
- A: “yes, “you can buy running/existing business in Portugal.
- Q: foreigner national can own 100% shares of a Portuguese’s company?
- A: “Yes,” a foreigner national can open an independent (100% ownership) company in Portugal.
- Q: Portugal’s government offers nationally for investors?
- A: “Yes” subject to an investment made for the next five years from the day of acquisition, a foreigner national can obtain nationality with the condition of minimum stay in the country.
- Q: How I can run a business in Portugal is a foreign national?
- A: I respect operating a business in Portugal, al being a foreign national before startup must register with tax (VAT) anthe d social security department of Portugal as a freelancer (impendent) or open ether be part of onshore/offshore company.
- Q: I want to start a business in Portugal. How crown Portugal help me?
- A: Crown Portugal one-stop solution for your startup in Portugal as such post landing services and business permits and opens a bank account for your business space, including market analysis reposts.
- Q: Can I start a real estate or consulting business in Portugal?
- A: “Yes,” you can start any legal business in Portugal, including real estate or consulting firms.
- Q: How I do start an export-import business in Portugal?
- A: To start export import must register the company in Portugal and get more about Portugal’s business promotion agency.
- Q: What are the most difficulties and challenges to face for starting a business in Portugal?
- A: Contact Crown Portugal for all your businesneeds ‘. In practice, natural to start a business in Portugal.
- Q: where is the company registration office in Portugal?
- A: To know more about registration places in Portugal, visit https://eportugal.gov.pt/en/espaco-empresa/empresa-online.
- Q: How to find an accountant in Portugal for business accounting?
- A: It’s effortless to find an accountant in Portugal for business accounting work. There is some official portal for managing the data of Portuguese accountants. Even crown Portugal assist you regarding the same.
- Q: What is an excellent business to start in Portugal, and what is the minimum investment required?
- A: We always suggest business opportunities as per your CV (experiences) and investment, depending on the nature of the business.
- Q: While I am an employee in Portugal, can I run my own business as an independent worker (freelancer)?
- A: Yes, you can open your personal, commercial self-employment activities with a tax office, even working with a specific employer in Portugal.
- Q: Can I apply for the startup visa of Portugal with a business project/plan?
- A “No’ you cannot apply for a startup visa if you do not have a business project and plan in technical files.
- Q: How do I apply for my residence permit after established business in Portugal?
- A: After established business in Portugal, you have various options concerning applying for a residence permit, as such a particular program, golden visa, startup program, or regular investment under article 89.