If you are interested in enlarging your operations in the Iberian Peninsula and particularly in Portugal, the city of Porto might represent a proper destination. With important exits to the Atlantic Ocean, a favorable climate for agriculture, and located alongside the Douro River, Porto is a representative city in Portugal and part of the UNESCO World Heritage Site. These attributes and the economic stability make Porto a significant business center in Portugal. If you want to make investments in Porto and you want a starting point, we suggest you address to our company formation agents in Portugal for complete assistance and guidelines.
Opening a company in Porto
Entrepreneurs in Porto have several options for company formation and those are the private limited company, the public company, the limited partnership, the general partnership, and the company with a single shareholder, the latter one observing business persons who want to operate as single shareholders. The private limited company or Sociedade for Quotas – LDA is the popular business structure in Porto which can be set up by at least two shareholders and a minimum share capital of EUR 5,000. The following documents and information are necessary at the time of incorporation of your company in Porto:
• the Articles of Association;
• information about the business address, the owners, and their nationality;
• an appointed representative;
• bank statements providing the minimum share capital;
• the identification number for tax purposes in Portugal.
One should bear in mind that the name of the company must contain the letters LDA at the end of it, and furthermore, it is recommended to make a name verification with the local Trade Register in Porto.
Company formation services we can provide in Porto
Because Porto is an appealing business destination, many foreign investors decide to test the market and open companies in the city’s well-developed sectors. To ease the company formation process in Portugal, including in Porto, our company incorporation specialists in Portugal come to your attention with complete support in the following matters:
• preparing and submitting the company’s documents;
• providing professional translation services on request;
• company management;
• tax advice;
• tax planning;
• accounting services;
• special permits and licenses;
• wealth management;
Moreover, if it is the case, our team can offer assistance for company restructuring or company liquidation.
Local and foreign entrepreneurs can benefit from the services offered by our accountants in Portugal. Among these, the most important are payroll, bookkeeping, audits, tax registration, tax advice and compliance, preparation of annual financial statements and even personalized financial consultancy services. We are at your disposal if you want information about tax minimization options that can be implemented in the company.
Summary of the economy in Porto
Porto is known particularly for its special wines recognized worldwide. The proper climate stands at the base of the winery industry which was highly developed by the British way back in the 18th century, a tradition that continues to prosper considering the profits registered each year. Porto is also a stable financial hub, aligning with major players on the stock exchanges like Amsterdam, Paris, or Brussels, through the “Bolsa de Valores de Lisboa e Porto” (Lisbon and Porto Stock Exchange). The tourism in Porto represents another important source of income in Portugal and a sector in which many entrepreneurs successfully perform their operations.
If you consider Porto a suitable city for your future businesses, please feel free to contact our team of company incorporation consultants in Portugal for assistance in company formation.