A preferred touristic destination like Portugal cannot be passed away when it comes to the varied investment opportunities you can choose from. With about 60 million people visiting the country in 2016, Portugal is for sure a great choice for entrepreneurs who want to start their activities in the food industry, a prosperous sector and an important piece in the overall economy. Considering the health and safety food standards available for EU (European Union) states, one can open a restaurant in Portugal, a matter where our company formation agents in Portugal can help with drafting the documents.
Choosing the type of restaurant in Portugal
Private limited liability companies, limited partnerships, or sole proprietorships are among preferred forms of businesses in Portugal from which you can choose when setting up a restaurant in Portugal. It is suggested to select the type of restaurant you want to establish, a large or a small one, and then choose the name of your business. Bistros are quite preferred in Portugal because they are elegant, they address to any kind of client and even though they are small businesses, the menus can be rich and can contain both local and international cuisine.
International investors can get in touch with our accountants in Portugal for complete services in this sense. Bookkeeping, audits, payroll, and preparation of annual financial statements come under the attention of our specialists with experience in this vast field. it is important to be up to date from an accounting point of view, and one of our experts can offer you the necessary support in this direction.
Steps in opening your restaurant in Portugal
One should consider that after establishing the type of business, several requirements must be taken into consideration when drafting the documents, no matter if you appoint a lawyer or our company incorporation specialists in Portugal to represent your firm:
• prepare the articles of association;
• reserve a name for your company;
• register for VAT and social contributions;
• open a bank account for minimum share capital and further financial transactions;
• apply for the necessary licenses and permits available in the food industry.
We remind that the commercial licenses you need to obtain for your restaurant regard the construction of the building, if not rented, and the one related to the health and safety standards, as general rules imposed by the EU (European Union).
Opening a restaurant in Portugal can be a successful business if a marketing plan is suitably created, in order to meet the requirements on the market with quality and top standards.
For additional information about how to establish a restaurant in Portugal, we invite you to contact our team of advisors in company incorporation in Portugal.