Portugal is situated in the western part of Europe and benefits from important exits at the Atlantic Ocean. This is one of the main reasons why tourism in Portugal developed quite well and opened doors for foreign investments worldwide. A suitable business plan which might attract investors from abroad is related to opening a hotel in Portugal and discovering the opportunities in this field. In matters of documents, licenses and permits, our company formation agents in Portugal are at your disposal if you want to set up a hotel or open a company in Portugal.
Steps in setting up a hotel in Portugal
If you have decided for a particular company form and a business plan when opening a hotel in Portugal, it is suggested to reserve a name and perform a check-up to see if it is available. Besides preparing the articles of association, details about the business address and about the company’s shareholders, the following requirements should be considered:
• apply for a company and collective cards to receive the business’s ID;
• apply for a Certificate of Admissibility with the IRN (Registries and Notaries);
• open a bank account to deposit the minimum share capital;
• register for taxes with the Tax Office in Portugal;
• register the hotel business with the Trade Register in Portugal.
All the conditions and rules set for registering a company in Portugal can be explained by our specialists in company incorporation in Portugal. The same team can provide you with support and guidance in the company registration procedure in Portugal.
Licenses and permits for a hotel in Portugal
There are numerous business fields in which particular licenses and permits are necessary to start the activities in the chosen domain. It is also advisable in the cases where a hotel in Portugal needs to be set up. Considering the health and safety standards which are at the base of any kind of license, one can apply for such important documents with the Real Estate Construction Institute (INCI) in Portugal. Additional licenses and permits in the tourism sector are issued by the local Office for Tourism in Portugal, in the city where the hotel will be established. Please consider that the construction licenses and permits can be obtained from INCI in Portugal.
If you plan to open a business, we recommend that you consider the services of our team of accountants in Portugal. With their help, you can benefit from support in the implementation of procedures related to payroll, bookkeeping, annual financial statements, audits, and human resources. We are at your disposal with specialized help for the preparation of the necessary financial reports.
Opening a hotel in Portugal can prove successful if a proper business plan and complete guidance and information are provided. Our team of company formation representatives in Portugal can offer ample sustenance and details, therefore, we invite you to contact us.