The Trust Law in Portugal mentions that trust is the type of agreement that can be established by two or more settlers who can legally transfer stocks, properties, bonds, or loans to trustees. Trust companies are seen as legal entities that act as fiduciaries or agents on behalf of other companies or natural persons in Portugal and that are in charge of varied responsibilities we will shortly present. Our company formation agents in Portugal can give more details about trust companies in Portugal and the ways in which they can be activated.
A trust company in Portugal has the main purpose of properly administrating and managing the assets, shares, and bonds of a company or person living in this country. Such a company practically has a legal obligation to take care of the assets in the name of the owners, under a written legal contract. Below is important information about trust companies in Portugal:
Trust companies can be established as private LDAs and therefore have a legal status before running the activities in Portugal. If you would like to open a limited liability company in Portugal, we suggest you talk to one of our company formation representatives in Portugal and ask for assistance.
Fiduciary services in Portugal are normally directed to Portuguese companies looking for portfolio development, wealth management, and equity investments. The management of company assets can enter the attention of one of our specialists who can provide fiduciary services under a legal agreement and the promise that he/she will work in the best interest of your personal purposes and intentions. Fiduciary services in Portugal can be a combination of tax plans and strategies, inheritance tax planning, complete retirement planning, a wide range of corporate solutions for future business investments, portfolio diversification, business risk reduction, and management, plus complete legal advice in matters of company finances.
Trust companies in Portugal can be established by foreign or domestic investors with a clear criminal record and no financial crimes involved. The benefits of having a trust company in Portugal are huge and among them, the financial ones and the possibility of sustaining the business portfolio in a large percentage. One of our company formation agents in Portugal can give immediate support for opening a trust company in Portugal. They can help you open a company in Portugal by handling the formalities involved.
Trusts in Portugal can be managed by specific companies. There are certain reasons why trusts are set up in Portugal, and among them, the following are the most important:
Tax residents in Portugal can easily set up trusts. It is also great for those who want to open a trust company in Portugal. Professionals in the field, such as trustees, can take care of the formalities, taking into account the legislation in force. Wealth can be protected and controlled at the same time, with the help of a trust that can be registered in Portugal by residents of this country. Here is what is taken into account in this case:
If you want to set up a trust in Portugal, do not hesitate to ask for our help. We are also here for those who want to set up a trust company in Portugal and need guidance regarding the formalities and procedures.
It is also the local legislation that underlines trust limitations in Portugal. Find some of them below:
We remind you that we can help foreigners open a company in Portugal or any autonomous region of this country, in a fast and reliable manner.
The flat tax of 28% rate is applicable on trust distribution, alongside the stamp duty of 10% rate on gifts delivered from a trust, plus the capital gains tax. However, the stamp duty tax can be eliminated if the beneficiary of the trust is related to the settlor who can be a family member. If you would like to know more about the taxation of trusts in Portugal you are more than welcome to address your inquiries to our consultants. Moreover, we are at your disposal with information about company formation in Portugal.
Portugal is a top business destination for numerous entrepreneurs worldwide who want to benefit from a great and appealing climate for their activities. The tourism sector is quite prolific and provides a multitude of investment possibilities to foreign investors of any kind. Spain, UK, France, the Netherlands, and Germany are the main investors in Portugal who benefit from simple business formalities, appealing investment incentives, and many important encouragements offered by the government. We have gathered facts and information about the investments and economy in Portugal that you might find it useful:
Besides assistance for trusts in Portugal, foreigners can benefit from other services too. Our accountants in Portugal are at your disposal when you start a business in this country. Those interested in setting up a company in Portugal can get in touch with our local agents and find out more about the formalities of the formation process.