Accounting Services in Portugal

A good accountant in Portugal is vital for any successful business. The tax advisor in Portugal helps you hold the record of transactions, manage your documents, and develop your company. All the accounting services give an entrepreneur the basis for the analysis of the business trajectory and further decisions. Our experts in company formation in Portugal can help you register a business here, and also put you in contact with our local team of accountants.

Quick Facts
Who requires accounting services in Portugal	Companies with commercial activities in Portugal
Applicable accounting legislation	– Portuguese Accounting Standards – International Financial Reporting Standards (IFRS)
Types of accounting services we offer	– bookkeeping, – payroll, – annual financial statements, – tax returns, – debt monitoring
Tax advice and compliance (YES/NO)	Yes
We offer support for tax registration	Yes
Financial planning for company owners	On request
Risk assessment and evaluation	On request
Types of audit services	– internal, – external, – financial, – compliance, – operational
Tax minimization methods available	– tax credit planning, – charities, – retirement plans, – selling investments that lost their value
Personalized financial consultancy services	On request
Investment consultancy for high-net-worth individuals	Dedicated plans on request
Financial and analysis reports for companies	If solicited
Human resources services available (YES/NO)	Yes
Expertise provided by certified accountants (YES/NO)	Yes
Free case evaluation for companies (YES/NO)	Yes
Types of HR services	– staff recruitment, – human resources administration, – preparation and registration of work contracts, and new employees
Services of a CPA in Portugal	– debt monitoring, – preparation of tax returns, – payroll, – bookkeeping, and many more
Is debt monitoring a part of an accounting package?	Yes, our qualified accountant in Portugal can provide useful insights into debt management perspectives and related strategies.
Follow-up and analysis	Provided by our Portuguese accountants through varied reports after specific audits in the firm
Sustainability	Our accountants in Portugal can use certain data to issue different financial reports. Specific recommendations referring to sustainable business operations can be proposed for the company management.
What is source usage?	Internal business resources can be verified and then specific business solutions can be proposed to raise efficiency from a financial point of view in the company.
Bank payments	Daily payments in the company can be managed by our accountants.
Inventory management	We use dedicated data and platforms to correctly track the assets in the firm for future audits.
Accounting services for startups in Portugal	Dedicated accounting services for individuals wanting to register startups in Portugal
Support for tax inspections (YES/NO)	YES
Preparing monthly and quarterly VAT declarations (YES/NO)	YES
Year-end closing approvals and books	Our accountants in Portugal can close and sign the accounting books of the company at the end of the tax year.
Tax year in Portugal	Runs from 1st of January to 31st of December
Benefits of outsourced accounting services	– affordable prices compared to having a whole accounting department, – personalized services, – optimal solutions
Why work with our accountants in Portugal?	– customized accounting services, – experience, – professionalism

What is covered by accounting services in Portugal?

Since the very beginning, when setting up a company in Portugal, you will also need to keep the record of the profits and losses of the company and to fill several reports annually. This would be only one example, followed by many others, of what some of the accounting services we offer can do for you:

• the problem of tax planning and compliance is another issue in which you need to use the services of our accountants in Portugal, for a newly incorporated company;
• most of the accounting activities are regular, such as billing, bank account management, and contract management. This constitutes a strong reason for which good accounting services in Portugal are needed;
• the professionalism of the service is vital, and you must choose an accounting service that is transparent and correct. Otherwise, the growth strategies of your recently opened business in Portugal could be delayed or even endangered.

An international legal entity opening a company in Portugal for the first time might encounter several differences in the mandatory legal requirements stipulated by law. Our accountants in Portugal will help you in adapting or extending the business to the new legal context and will provide an audit. Here is an infographic with extra details prepared by our tax advisor in Portugal:

Bookkeeping services for your business

Bookkeeping refers to the verification and control of payable and receivable accounts of a company with activities in Portugal. Besides these, the cash management, banking operations, the issuance of invoices, and effecting payroll are part of essential bookkeeping services. It is important to note that all the financial activities and records of a company in Portugal fall under the attention of an accountant, alongside petty cash books, journals, income statements, daybooks, and many more. If you would like to know more about the bookkeeping services we can offer for your company, please do not hesitate to talk to our specialists. Our team of accountants in Lisbon is at your disposal from the beginning of your company.

Payroll services in Portugal offered by our specialists

Another important aspect of accounting rules and regulations refers to payroll services. The distribution of electronic employee records, payroll tax calculations, and salary calculations are part of the payroll services offered by our accountants in Portugal.

These are externalized services that come with a series of benefits and are often the choice of company owners who do not want to create an accounting department. Domestic and foreign entrepreneurs interested in starting a business in Portugal should contact us for complete support and guidance. Our tax advisor in Portugal can handle the registration process of companies in Portugal, and we can also provide complete accounting services. Here are some of the contributions paid by employees and employers in Portugal:

• For-profit companies – 11% is the employee contribution rate, while 23.75% is the employer rate.
• Nonprofit organizations – the employee rate is 11%, while the employer pays a 22.3% tax rate.
• 0.925% is the unemployment tax rate paid by the employee.
• 0.075% is another unemployment tax rate, which is paid to a separate fund.

In Portugal, there is also an additional payroll tax imposed for company owners having an above-average number of workers on fixed-term agreements. This tax rate is based on the difference between an employer’s number of fixed-term contracts and the industry average, and normally does not exceed 2%. Find below a video presentation about the accounting services we offer in Portugal:

Tax minimization solutions for your company in Portugal

If you would like to cut the amount of taxes in the company, you might be interested in a series of tax minimization tools offered by our accountants in Portugal. For instance, paying the credits in advance might be a suitable option, or creating a charity. Having a retirement plan can also be an excellent option and part of the tax minimization solutions for your firm in Portugal. Our tax advisor in Portugal will attentively analyze the financial status of the firm and then propose a few tax minimization tools suitable for your business. We are at your disposal if you need help in this direction.

Tax consultants at your disposal in Portugal

The accounting services offered by our English-speaking accountants in Portugal are not limited to the standard ones. Our tax consultants can guide you on business taxation, deduction options, and provide advice on smart investments at your fingertips. It is possible, for example, that certain equipment purchases in the company may be subject to lower taxes, meeting certain conditions. When our services are presented to you, you can also opt for those of our Portuguese tax consultants to ensure that the company you own is properly supported from this point of view.

Management reports for your firm in Portugal

Having accounting services for your firm in Portugal also includes management reports made by our specialists. For example, upon request, our accountant in Lisbon can prepare a series of reports to help you understand the business direction from a financial point of view. Some of the management reports can be made with information on stock, leases, loans, fixed assets, etc. But you can find out more from our Portuguese accountants when you decide to collaborate with us.

Working with our English-speaking accountants in Portugal

If you are planning to open a business as a foreign entrepreneur, you can opt for the services offered by our English-speaking accountants in Portugal. Our team offers personalized services for such clients. In fact, it is even recommended to consider outsourced accounting services if you want to implement everything necessary in this regard, taking into account the applicable legislation. Whether you choose our accountant in Lisbon or in any other city in Portugal, you can benefit from a team of professionals who speak English, thus facilitating collaboration in terms of accounting services.

FAQ about accounting in Portugal

You can collaborate with our specialists in company incorporation in Portugal when starting a business, and also work with our accountants. We can help you choose the most suitable financial services for your business, taking into consideration the number of your employees and the specific requirements of your company, so don’t hesitate to contact us.