If you are wanting to do business in Portugal, you have to know about taxation for a LLC(SpQ) which is the most common company structure in Portugal.
Portugal imposes corporate level taxation made internationally distinctly then it it was earned within the borders. The prevailing approximate percentage for income earned abroad, from our research, and your results may vary, is 0%. The country doesn't have known exemptions to transfer in foreign earned profits made internationally. Taxes are very reasonable in Portugal because the income corporate tax rate is 21%. This ranks Portugal as 82nd overall in terms of corp. taxation rate internationally. . .
The VAT rate in PT is 23.00%, that ranks Portugal as 82nd when compared to VAT taxation rate internationally. In terms of other taxation, an employer will contribute 2,375.00% to the equivalent of a social security fund and an employee will contribute 11.00%. The overall complexity of the tax system is medium. This is measured by average time to comply with a country's labor tax requirements is as it is 116hours. Contributing to this is the number of yearly labor tax payments, which is 1 in PT.
Thin capitalization standards are in play. Thin capitalisation refers to any sort of laws on given company with respect todebt-to-asset ratios. Dividends are distributions of a company profit, voted on by the board, to shareholders.Dividends can be one of the following shares of stock, cash payments, or other property. The capital gains rate in PTis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
The interest witholding rate is estimated at 0This means that the tax authorities expects relevant legal entities to withold 0 of money remitted abroad for interest payments. The dividends witholding rate is 0Which means that the taxman expects companies to pay tax on at least 0 of payments offshore for on dividend payments. The royalties witholding rate 0 Which means that the relevant tax authorities expects LLC(SpQ)'s to withold 0 of payments offshore for for royalty payments.
There is no known tax on wealth in Portugal. There are inheritance taxes in Portugal placed on an estate. There are popular and well known R&D intitiatives that provide breaks on taxation in PT.
The above is not tax or legal advice for your particular personal tax obligations. Incorporations.io can to refer you to an expert in Portugal who can properly advise you. Ready to get started? Click incorporate now if you are in a hurry, or press the free consultation button above.
It takes approximately 63 hours to file and prepare documents for a Portugal Civil Law.
The corporate tax is approximately 21% which is 82 in the world.
Owners of a company in Portugal are not allowed to carry back a loss and may be allowed to carry forward a loss for 5 years.
The vat rate in Portugal is 23% which ranks 164 in the world.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Portugal Civil Law is 1.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Portugal, Governo de Portugal. Shareholders are disclosed in the Governo de Portugal.
Typically companies take 5 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Portugal is a ok option and have given it a score of 57 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Portugal. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Portugal, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
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We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.
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