Portugal is to be found in the Western Europe and the exits to the Atlantic Ocean make the country suitable for varied trading activities with countries worldwide. The autonomous regions like Madeira and Azores Islands are also part of Portugal and two of the preferred destinations among tourists. To set up a travel agency in Portugal, one should know the requirements in this matter, whether he/she wants to offer local or international touristic packages. Our company formation specialists in Portugal can help you set up a travel agency in Portugal.
Requirements to open a travel agency in Portugal
A travel agency in Portugal can be set up as a private limited company with a minimum share capital of EUR 5,000, as a public company with at least five stockholders or as a limited partnership where there is no need of a minimum share capital. In order to open a travel agency in Portugal, the entrepreneur must provide details about the name of the company, the address, the business plan, the articles of association and information about the bank account where the minimum share capital will be added. The company registration procedure in Portugal is an easy process, once the documents have been prepared and offered to the Commercial Registry in Portugal. Please consider that special licenses and permits must be obtained in order to start your activities as a travel agency in Portugal. In this matter, the Directing Council of Turismo de Portugal issues such documents.
Please consider that our company formation agents in Portugal can provide you with complete assistance when drafting the documents for your travel agency in Portugal. The company incorporation in Portugal has less bureaucracy and can be done within a few days.
Why open a travel agency in Portugal?
A travel agency in Portugal can work as a branch of a foreign tour operator or it can be a brand-new agency which can deal with organizing and selling tours and holidays inside the country or abroad. Besides that, your travel agency can offer accommodation services, transportation or can intermediate the sale of varied touristic packages and services.
With beautiful landscapes, rich culture and traditions you cannot pass by, Portugal is definitely a special country, opened for tourists worldwide. For example, the tourism sector rose by 13% last year, when about 10 million people visited Portugal, another strong reason why you should set up a travel agency here. Besides offering local touristic packages, a businessman willing to have a travel agency in Portugal can focus his/her attention to the exotic places and well-known countries for special touristic packages and can offer all-inclusive facilities.
Our team of accountants in Portugal has experience in procedures related to payroll, audits, bookkeeping, annual financial statements, tax registration, and human resources administration. Our specialists can provide the necessary support for both local business owners and international entrepreneurs. We can prepare a series of financial reports, with the help of which you can understand the financial position of the company you own in this country.
If you are looking to open a travel agency in Portugal, please feel free to contact our team of company incorporation specialists in Portugal for complete details in this matter.