Portugal
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Ask the Experts: Claudia de Oliveira Azevedo
Portugal Business Expert
Claudia has a degree on management and a vast experience in accountancy and finances. She assists clients with the starting up and developing of a Portuguese business, advising on fiscal and financial matters as well as human resources. Her goal is to provide a personalize service to each situation, always attending to the quality of the service that companies and businessmen require.
Claudia is ready to help you to establish your business in Portugal and ask your questions.
00351 93 288 88 08
Dear Claudia, I have a company in the UK in IT/Advertising Services, I wish to trade with Portuguese businesss, and to become resident there for a while. Is it possible to open a branch office in Portugal, and pay personal tax on my renumeration from the UK company in Portugal? If so how do you go about opening a branch office, and what documentation do you need to open business bank account? Kind regards Melanie Question from Melanie Kay on 01/02/2012
Claudia says:
Hello
Thank you for your question. Opening a branch office in Portugal can be done, and you have payroll in Portugal also. You also will need to open a bank account, and have a portuguese fiscal number. I can send you trought email the documents necessary and our accountancy proposal.
Regards
Cláudia Azevedohi claudia. i am interested in starting up a mobile out door activity business in albufeira. it would mean setting up in the main square of the old town and i need to know what type of permit i would need from the local council and insurance costs. claire from ireland Question from claire egan on 18/01/2012
Claudia says:
Hello
Thank you for your question. The answer to your question depends on the kind of business you want to start. You will need to explain that to the local council and they will calculate the tax you should pay.
My email is geral@accountingadvantage.pt, if you want to explain better your business.
Regards
Cláudia Azevedohey....i m frm india..nd i wnt to go export bussiness but through internet...so wht can i do..??? Question from ashok mahajan on 12/01/2012
Claudia says:
Hello
Thank you for your question. I didn't get exactly what you need to know. Could you give me more details?
Regards
Cláudia AzevedoHy,ms Claudia. My name is Cozma Gabriela i am from Romania but my husband are working and living now in jersey uk . Now i am working in Romnia like nail the ehnician and at the same time i am student . We intend to open in time a beauty salon in jersey i think that only for nails for a moment ,and I want to ask what documents we need, what we have to do and how much money we need for that business? I now that you can do a business in jersy before 5 years because we need the residence. Thanks a lot and i am waiting for your answer.Have a nice day! Question from cozma gabriela on 09/01/2012
Claudia says:
Hello. Thank you for your question. Unfortunatly I can't help you because you don't want to open a business in Portugal. I assist people that want to start a business in Portugal. If you want to start a business in the UK my advise is for you to contact an account from the UK.
Regards
Cláudia AzevedoHi dear Ms. Claudia, I am a foreign PhD student in Portugal and I want to start up a business (selling goods) in Portugal. Would you please inform me about this matter? am I eligible to do so and what are the requirements? Many thanks for your time and consideration and looking forward to hearing for you soon. Question from Ome Dene on 28/12/2011
Claudia says:
Hello. Thank you for your question. I need to know if you have a portuguese fiscal number, and if you are from a UE country or from a country outside the UE. To form a company in Portugal, you need a portuguese fiscal number and if you are from a country outside the UE you need a residency permit.
I can send you an email with moore details and quotation for accountancy services. Regards Cláudia AzevedoHi Dear Miss Claudia, How are you? I Raja Muhammad Ali Raza From Pakistan I have my own company in Pakistan and Branch office is in China and Hong Kong now I am interested to open my business in your grate Country. I have import export company last 7th years in Pakistan we are Trading Company we import many kind of Products from China and sale in Pakistan and also sale in Afghanistan Malaysia and Thailand. export from Pakistan Cement Rice Fan and Furniture to UAE Malaysia Bangladesh and some African Countries. and now in Pakistan is not safe Govt is not stable so I like to transfer my Business is on safe please. Please you Help me and tell me Requirements and time please. I hope you help us and save time and give me a Good Chance. Do Take care have a Nice weekend Best Regards Raja M Ali Raza M/S. NASIM & COMPANY Malik Plaza Dinga Road Kharian City, Distt Gujrat Pakistan 50090. Ph: 0092-537532528 Mob: 00923215901080 Question from RAJA RAZA on 24/12/2011
Claudia says:
Hello. Thank you for your question. In order for you to open a company in Portugal, you need to get a fiscal number, and you need to get residency visa. The company takes 2 hours to make, and we can hell you with the entire process. I will send you an email with the costs.
Regards
Cláudia AzevedoDear Claudia I am British and moving to Portugal to start up a self employed catering business from a mobile trailer. Do I need Portugese residency to start up as a sole trader? Also the trailer is UK registered at present but I am thinking to work here for 6 months only per year, returning to the UK for 6 months. Will I need to import the trailer via IMTT to do this or can I work for 183 days here, with an ambulent licence and pay tax for 6 months here only and 6 months in the UK? Question from Tracy Oldham on 10/11/2011
Claudia says:
Hello
Thank you for your question. You don't need portuguese residency to start a business or to come to Portugal, since you are a British citizen, you will only need a fiscal number. You come to Portugal to develop an activity, so you must register as a self employed and you must pay taxes from the time you will be here developing your activity.
The trailer will need also a permit via IMTT. We will be able to help you with the process, in case you decide to come to Portugal
Regards
Cláudia AzevedoDear Ms. Claudia, Thanks a lot for replying to my question so fast. To answer your queries, I don't want to open any physical office in Portugal as of now. What I want is that my company gets the projects from Portugal in IT sector as a offshore model, so that we can provide the clients with the best of our services. Yes, we do have a website www.resourcesin.com. You can go through this and advise.. Question from Sanjeev Goel on 08/11/2011
Claudia says:
Hello
What you want is to sell your services in Portugal, so I believe what you need is to dinamize your produts and your website in our market. Probably even put into question to have a representant here in Portugal, that will be able to sell your product and analyze the needs from our market. These are only sugestions. If you want to contact me my email is geral@accountingadvantage.pt
Regards
Cláudia AzevedoDear Ms. Claudia, I am from India and started an IT business in back 2008. I want to expand my business in Europe, in Portugal for example, and wants your expert advise on that. I want that I can advertise in Europe and can target the potential customers out there. So, please help me in this regard. Thanks, Sanjeev Question from Sanjeev Goel on 07/11/2011
Claudia says:
Hello
Thanks for your question. You have a business in India and want to expand to Portugal, but physically or through the internet? You want to advertise in Europe, but you have already a website? Hope to hear from you soon
Regards
Cláudia AzevedoDear Claudia ... Yes I am Portuguese. I have dual South African / Portuguese nationality and passports. Before buying I might want to buy Portuguese Government Bonds as I believe they are sitting at quite a high interest rate at the moment. I am getting only 8% in South Africa. Whatever the situation I plan to arrive Aviero sometime within the next 6 - 12 months and I would want all my money transferred with me to Portugal where I can keep an eye on it... How would I proceed ... Thank you, Joao Question from Joao de Freitas Coutinho on 25/10/2011
Claudia says:
Hello João
I would like to ask you your contact, so we can speak a litle about your plans and the way we will proceed, if you don't mind. Hope to hear from you soon
Regards
Cláudia AzevedoDear Claudia ... My father just died in South africa and left me some money that I woul like to move to Portugal and invest with the possibility of borrowing against it to buy an existing business near Coimbra. The business is a family owned and run resturant along a main tourist road with no immediate competitors. So ity loks like a good opportunity at this stage. Obviously I would have to otae a closer look and arrange a bank loan to finance startup etc ... Do you think this would be at all possible. I have a Portuguese passport and will be arriving realistically to settle in Aveiro in about 6 months time. My alternative is to start a small school right next to Aveiro University to teach all the masters students English. Question from Joao de Freitas Coutinho on 25/10/2011
Claudia says:
Hello
Thank you for your question. I'm sorry for the death of your father. I didn't understand if you are portuguese or not, but what you have is perfectly possible to make. We are available to help you with this process.
Regards
Cláudia AzevedoHi Claudia, hope you are doing all well, I want to start IT/Computer services in Portugal, do I need to set up a business or become self-employed in Portugal and would I need a licence to do this? I will not have an office based in Portugal but most of my work will be obtained via internet and remotely services. Thanks. Question from Sheraz Ashraf (Pakistan) Question from Sheraz Ashraf on 06/10/2011
Claudia says:
Hello
Thank you for your question. If you perform any activity in Portugal you must be register as a self employed or have a company. I will need more information about your business, because if your activity will be via internet, what will you do in Portugal?
Kind Regards
Cláudia AzevedoHi Claudia, If I want to buy a boat and sail along the Algarve taking tourists on painting courses for 2/3 days a week, do I need to set up a business or become self-employed in Portugal and would I need a licence to do this? I will not have an office based in Portugal but most of my work will be obtained via advertising on the internet. Thanks. Question from Jane Ball on 24/09/2011
Claudia says:
Hello. Thank you for your question. If you want to perform an activity in Portugal, you need to open an activity, either a company, a branch office or as a self-employed. The choice of this will depend on a study that we can do, to check the best option for your case. You will need a license to perform tours. We are available to give you more details.
Kind Regards
Cláudia AzevedoI am currently a restaurant owner in Toronto, Canada and would like to return to my native Azores. I would like information about starting a buiness selling food from a trailer. My idea is to go to various festivals and beaches in the Azores and sell take out food. What permits and steps do I need to take? Can you please send me as much information as possible so I can begin the process of obtaining the necessary permits. Thank you very much Grace De Medeiros Question from Grace Medeiros on 22/08/2011
Claudia says:
Hello. Thank you for your question. I believe that you are portuguese, right? So you have a fiscal number. We will help you with the process of creating the company, that will cost you 360 ?. We will provide you information about the permits necessary to sell food from a trailer. Regards
Cláudia Azevedoi have a small question concerning the shared ownership when a company (Lda or SA) rents out property does the company needs to pay VAT over the rental income? thanks maarten hesselink Question from maarten Hesselink-Schep on 12/08/2011
Claudia says:
Hello. Thank you for your question. I don't know if I understood the question. A company is going to rent a property, and will earn an income. According to the Artº 21, nº 9, 29), this operation is VAT isent, although I don't know the finality of that rent. Without knowing any more details this is the answer.
Regards. Cláudia AzevedoDear Claudia, How are you. Are also giving services for Czech also or only Portugal? We are doing business in medical field for last ten years we are importing medical equipment from Europe. We wish form a trading company in Portugal. We will use this for trading purposes? Whats the actual cost to form a company in Portugal including your services charges? Waqar Ahmed Question from Waqar Ahmed on 11/08/2011
Claudia says:
Hello. Thank you for your question. The cost of making a company in Portugal is 360 ?. We can send you an email with a proposal for our services. If you put your contacts on the startup website we will send you an email if not please send an email for geral@accountingadvantage.pt, so we can answer back. Thank you
Regards. Cláudia AzevedoHi there i was wondering if you are able to assist me please. I am from the uk and would like to open up a business in Portugal a restraunt. Am I able to get a business loan from banks in Portugal or do I need to get a business loan from here. Also in my business i also wanted to have a shisha bar do you know if there are any laws prohibiting me from making the outside of my restraunt into a shisha bit. lokking forward to your reply panna Question from panna patel on 19/07/2011
Claudia says:
Hello
Thank you for your question. Regarding your question, to get a loan here in Portugal you must have your company, and without a backround it is complicated. Probably is easier to get in your country, where you have your historial. We will need to speak about the shisha bar.
Regards
Cláudia AzevedoDear Claudia, I am enquiring about starting a Yoga Holiday enterprise in Portugal starting next summer and was wondering how do I go about developing this idea into reality. Any information you can provide would be very helpful. Kind regards Grainne Coyle (Ireland) Question from grainne coyle on 30/06/2011
Claudia says:
Hello
Thank you for your question. Your question is very vague, I believe that the first step is to think of a location, because the concept is quite unic. Probably you will need a business plan.
The constitution of the company is easy. Please feel free to contact me, so we can discuss your idea
Kind regards
Cláudia AzevedoDear Claudia Many thanks for explaining the position regarding VAT and the fact that it is not charged on any purchases of real estate in Portugal. You do, however, mention IMT in your last answer, which I think is a Property Transfer Tax. Within Portuguese tax law, are there any circumstances at all in which it is possible to get a refund of IMT from the government? e.g. the property is being purchased by a non-resident for business purposes? Many thanks Geoff Question from Geoffrey Say on 21/06/2011
Claudia says:
Hello
The IMT is a non refundable tax, you can't ask for the return.
Regards
Cláudia AzevedoDear Claudia Thanks for your last answer. However, I don't understand what you mean when you say I am "VAT isent"? Also, my question really related to the IVA status of property transactions. Does IVA get charged on any property transactions in Portugal when the property is for business (not residential) purposes? Many thanks Geoff Question from Geoffrey Say on 15/06/2011
Claudia says:
Hello
When you buy a house for whatever purpose, there is no VAT. You pay IMT and not VAT.
Even if you are a company and buy an property, there is no VAT, because you pay IMT
If your house is not for permanent residency, you will also pay IMI, which is anual tax and depends on the value of the house. Hope to be clear
Regards
Cláudia AzevedoDear Claudia I purchased an apartment in Portugal in May 2010 which I rent to tourists as holiday accommodation. The property was constructed in 2007 and the developer rented out the property to tourists before selling it on to me. My purchase contract simply discloses the price I paid, without any mention of VAT. Given that I purchased the property as a business venture (i.e. to rent to tourists), I have questioned the VAT-status of this transaction. The vendor has stated that "in Portugal, VAT is not due on the purchase of real estate properties and therefore there was no VAT included in the purchase price of your property". However, in the UK, holiday accommodation does attract VAT when purchased, provided that it is less than 3 years old. Does the same VAT rule apply in Portugal? Assuming that the VAT rules are consistent and given that the property was being purchased for business purposes, should the vendor have charged VAT, or can I assume now that the purchase price did actually include Portuguese VAT? Thanks Geoff Question from Geoffrey Say on 15/06/2011
Claudia says:
Hello. Thank you for your contact. When you purchase an apartment you pay IMT which is a tax relative to the aquisition of houses. For these reason you are VAT isent. If you have any more question please don't exitate.
Regards
Cláudia AzevedoDear Claudia We are just about to sell our home in Portugal, we have owned it for 5 years, having fully restored it 2 years ago. it is our main residence. we will be buying a house in another eu country with the money from the sale of this house. what tax will we need to pay on the profit from the sale, the difference between purchase price and restoration costs is a lot compared with the sale price. how do we register our intention to reinvest, to avoid paying capital gains tax? thank you charlie Question from Charlie stone on 27/05/2011
Claudia says:
Hello. Thank you for your email. If you sell your home in Portugal you will have to fill an income declaration (IRS - Appendix G), and there you declare your intention to reinvest. But this house that you are going to sell and the house that you are buying must be your fiscal address, if not you can't declare the reinvestment. I'm available for any other question
Kind Regards
Cláudia AzevedoDear Claudia, In 2007 I was advised by a lawyer in Oporto to set up a company since it was my intention to buy and renovate ruins. We set up an SA and I bought 2 ruins. Unfortunately, with the economic crisis in 2008 my resources were affected plus the architect appointed has taken 3 years to obtain planning. (He was not a real architect, I later discovered.) I have had all sorts of problems with my representatives in Oporto (one of them, the procurador) who is my cousin. I am in the process of selling one of the properties but my cousin failed to register the land and I am now having to pay a lawyer in Serta to correct this error. Fortunately the buyers understand are still continuing with the purchase. Building has started on the second property in Dornes. Essentially, I would like to move the Company HQ, change accountant and remove my cousin from his role as procurador of the company. I have sought advice about closing down the company but am told that I cannot do this now that I have commenced construction in Dornes. I am told I have to wait until I have sold the property before I can close down the company. Do you know anyone who I could trust to look after my affairs in Portugal and what is your advice? Thanks very much Question from elizabeth smillie on 03/05/2011
Claudia says:
Hello
Thank you for your question. Our company provides the services you are looking for, and we have a juridic departament who can help you. We will need more informations about your company and we can provide accountancy services as well as fiscal representation.
Regards
Cláudia AzevedoDear Claudia, I work for City Corporate in London, and we have a client from Russia who wants to incoporate his company in Portugal. I tried to find agencies which are located in Portugal and help to incorporate companies in Portugal, but I didn't have any luck. Please, if you know, can you provide me with the names of those agencies, Katerina Vlasenko. Question from Katerina Vlasenko on 27/04/2011
Claudia says:
Hello Katerina
Thank you for your question. I would like to ask you more details about what your client wants to do here in Portugal. We believe we are able to help this process.
Regards
Cláudia AzevedoDear Claudia, I intend starting a small business in Portugal, is it possible to register the company name in the uk then operate in portugal? I have tried to register the business name Atlasps property services with the portuguese authorities but, they rejected it and only offered me a list of disused portuguese busines names none of which were suitable as, my client base will be uk owners of holiday accomodation. Prior to the registration process, I did a lot of promotional work IE leaflet drops, corporate clothing website etc etc it will be a big expense to lose just for a name change! (the website is www.atlasps.org if you wish to view it) Also, a Portuguese accountant told me that, even though I have over 30 years of NI contributions in the uk I would still have to pay Portuguese NI is this correct? Finally, if I registered the business in uk can I pay Tax in Portugal, I'd rather pay into their system if I'm getting business from their tourism- only fair! Kind regards, Alan Whittle. Question from alan whittle on 22/03/2011
Claudia says:
Hello Alan
Thank you for your question. I didn't understand from your question, if you want to open a company here in Portugal, to expand your business, with the name that you already have Atlasps. If this is the case and I observed that the name is available, we must provide the register, and than open the company.I don't know if you are still making your NI contributions in the UK, but if you are not and open a company here in Portugal you must pay social security here. If you register your business in the UK, you must pay taxes in the UK. I'm available to speak with you
Regards
Cláudia AzevedoHi Claudia, I am looking to build a property in Portugal. If I set up a company and register for VAT - can I reclaim the VAT on the costs of construction ? You can in the UK but am wondering if the same rules apply in Portugal. Thank you very much. Question from Ian Owens on 11/03/2011
Claudia says:
Hello
Thank you for your question. As I understood you want to make your house in Portugal but to be isent of VAT you want to make a company. That is possible, although you must think if that is the best option considering the costs.
Regards
Cláudia AzevedoHi Claudia I would like to start an internet-based business in Portugal bringing in English foods and specialities and sending them to purchasers. I might also branch out in to a restaurant / cafe offering homecooked English food both for people to eat there and to take home with them. Could you please tell me where I would find out about the import laws, and also the food standard laws if I am going to be preparing my own food. Thank you very much. Question from Deborah Dicks on 07/03/2011
Claudia says:
Hello
Thank you for your question. All the information that you are asking is provide by the accountancy company that you choose here in Portugal. We provide to our customers all the information they need to get the licencing for the business and do the all process. You only have to decide if you want to make a company or be a self employed. After that, we will give you the support you need to put your business in action. I'm available to aswer your question by email or phone.
Regards
Cláudia AzevedoHi Claudia - We are starting an activity company in Portugal. We are in the process of applying for our licence but we are finding it difficult to find a company that can help with insurance cover for the following: Responsablidade Civil cover of 50K Accident cover of 20k for death 3.5k for hospital treatment. Have you come across any insurance companies that can help with this from your previous experience. I'm grateful for any advice! :) Thanks Question from Sally Brown on 16/02/2011
Claudia says:
Hello
Thank you for your question. I need to know some informations about the business so I can ask prices for the insurances you want to make. Please feel free to contact me to 932888808
Regards
Cláudia AzevedoHi, i would like to start a small business in Portugal renting / hiring cycles and repairing cycles from a mobile unit - large van. Would this be possible and what would be the requirments please. cheers Nick. Question from nicholas ryder on 21/12/2010
Claudia says:
Hello Nick
Thank you for your contact. In order to perform an activity in Portugal, you have 2 choices: open a company or be a self employed. To open a company you need 360 Euros for the registry and 5000 euros to the social capital, that can be spend with your activity. To start your activity as a self employed you need to open the activity in the finances. In order to help you choose the best option I would like moore details about the activity you will have, you can send to my email geral@accountingadvantage.pt. We help business since the first step so you can count on us.Hi! Greetings! We are a Network Marketing (MLM) company that specialised in wellness industry. Currently, we are expanding our business network into Europe and wish to create more brand awareness in Portugal through online marketing, exhibitions, trade fairs, expo and so on. Now, we are implementing Google adwords and advertise with businessforhome.org. By the way, could you please suggest some effective channel to us? Really appreciate your kindness. Question from Rachael Li on 01/12/2010
Claudia says:
Thank you for your contact. In order to help you please let us know what kind of produts or services do you provide. You can send the information to geral@accountingadvantage.pt
Thank you
Regards
Cláudia AzevedoHi Claudia I am thinking of setting up a business in Portugal. This will involve selling some fitness equipment. This equipment is ideal for home use and it could also be used in gymnasiums. My husband and I have moved to Portugal recently. We both have Fiscal numbers, but we have not taken up residency yet. Can you help us to understand what is required in order to set up a business in Portugal. We have been told that it is very difficult to set up a Portuguese business. Thanks Pat Question from Patricia Roberts on 11/10/2010
Claudia says:
Hello Pat
Thank you for your contact. Open a business in Portugal is very easy, one of the good things we have...
If you are here in Portugal and already have fiscal numbers, is very easy. We ask the name for your company and go with you to the register, and you will have your company. We make all the setps with you.
You will need 5000 Euros for the social capital and 360 Euros for registers.
Hope to hear from you soon
Kind Regards
Cláudia AzevedoWe own a piece of land in Portugal that we would like to sell part of. Is possible to do this? We had heard that you could not divide any land and only sell some of it. Thank you. Question from Cathy Chapman on 10/10/2010
Claudia says:
Hello
Thank you for your contact. We don't have a lot of information about your land, but in general if your land is register as one piece, when you want to sell you must sell all the land. If your land is divided into parts, you can sell each part. The division of the land is possible, and if you wish we can make a profound analyze. You must send the elements to my email geral@accountingadvantage.pt
Kind regards
Cláudia AzevedoHi, Claudia! My mother's partner is professional engraver, he is latvian. He is interested in trading opportunities in Portugal. He is in Portugal now and already has got National insurance number and would like to register as self employed. Where is the best place to go to do that? And what kind of fees he should be prepared for? He would like to hire market stall in some historical old town like Albufeira and do engraving, what he can do on all sorts of surfaces: prescious metal, glass, cristal etc, as well as repair of watches etc. What is the first step to get closer to that? Thanks you for your time! Question from Sandija Gurina on 08/10/2010
Claudia says:
Hello
Thank you for your contact. To be register as a self employed you need to have a Portuguese fiscal number. You have two ways to do that: first we will do that for you or you go to local finances and ask a fiscal number, but if you are not resident you will need a fiscal representative. The first step is talk to us so we can evaluate your business and give you the precise information.
Regards
Cláudia Azevedohow can I find out how are the shareHolder of a company in portugal Thanks Jason Question from Jason Devoti on 07/10/2010
Claudia says:
Hello Jason
Thank you for your contact. If I understand correctly you want to know who are the shareholder of a company. Usually we ask a certificate where the shareolders are defined. You must know the name of the company and its fiscal number.
Kind Regards
Cláudia AzevedoCan you please tell me if there is a minimum monthly fee for accountants in Portugal? Thank you. Cathy Chapman Question from Cathy Chapman on 20/09/2010
Claudia says:
Hello Cathy
Thank you for your contact. In terms of law there is no minimum monthly fee for accountants. Each one according to the services they offer and the volume of work and responsability, make the fee.
Hope this clarified your doubt, I'm available to give you moore details.
Kind regards
Cláudia AzevedoHi i am looking to open up a company in Lisbon; electrical good, i intend to export outside the Portugal and EU. Questions: Q1-if i pay IVA (Vat) on good i bought from Portugal and then sell it to outside Portugal or EU how long does it normally take for reclaim and what is the procedures? Q2- is there limitation on the amount, can be claimed for? Q3-is there time delay on the amount reclaimed on or on the types of goods? What is your fees Q4- do you work as an accountant or agents? Thank you anis Question from anis rahman on 20/09/2010
Claudia says:
Hello Anis
Thank you for your contact. To reclaim VAT there are some maps that the accountant must fill, usualy we reclaim quarterly. The minimum value to reclaim is 249,40 Euros, and if the value is from 249,4 until 5937,50 Euros the entity must be more than 6 months.
We work as accontants and I will send you our fee by email
Hope to ear from you soon
Kind Regards
Cláudia AzevedoHi Claudia, is it possible to open a branch of a UK registered business in Portugal? Question from Pete Chapman on 18/09/2010
Claudia says:
Hello
Thank you for your contact. Yes, it is possible to open a branch of a UK business in Portugal. I will send you further details to your email.
Kind Regards
Cláudia AzevedoHello Claudia. I am a romanian citizen but resident in Hungary. Just got married and my husband is portuguese. We are thinking of going back to Portugal and settle. We would like to start a company and open a cafeteria, coffee-shop. We have no idea where to start. Could you please help me find out what steps do I need to take to have our dream come true? Can I be single share holder even if I am a foreigner? Is it difficult to get the paperwork done? How much money do we need to get everything done? What other expenses do we expect beside the $5000 capital? how much would the licences, insurance cost? how much time for everything to be set up? can the rental fees (location for the store, equipment) be deducted from our taxes? Thank you very much for your time and answers. Please feel free to email me the answers on my email adress. Regards, Erika Question from Erika Szabo on 11/09/2010
Claudia says:
Hello Erika
Thank you for your contact. To start a company you need to have a portuguese fiscal number. If you want our company will take care of the entire process. The social capital (5.000 euros) is for you to face the expenses from the society. From that money you will need 360 euros to constitute the company. All the expenses that you will have from your activity will be deducted in the company's taxes. I will send you by email more details about costs.
Kind Regards
Cláudia AzevedoThinking of opening a business in October 2011 and I could not get through to you slide show you sent me. Could please send me it again? Question from STEPHEN PITTOCK on 20/08/2010
Claudia says:
Hello
I try to contact you. In order to give you more details about your question, please call me to 00351219586265 or send me an email with your contact.
Thank you
Regards
Cláudia AzevedoCan you give me as much information on moving to Algarve,Portugal and setting up a mini/bus golf shuttle business in Vilamoura? Question from STEPHEN PITTOCK on 17/08/2010
Claudia says:
Hello Stephen
Thank you for your contact. I believe that if you want to move to Algarve and setting your business, you want to became resident in Portugal. The process will start by requiring a fiscal number. To open your activity you must decide if you want to create a company or self employed. Our company will help you on the entire process.
If you decide to open a company you will need for the social capital 5000 euros that can be spend in the company.
Hope we can talk, for more details on your business, so we can give more detail information
Regards
Cláudia Azevedoi want to know about the information i am doing business in dubai we are manufacturer of bedsheet towels ladies hand bags so i want to open company in portugal for import items in portugal what is the procedure and how much money required i want to know only medium type trading company to open there . Thank You Azhar Ali Khan Manager Blue Sky International Question from Azhar Khan on 28/06/2010
Claudia says:
Hello Azhar
To open a company here in Portugal you will need 5000 Euros for the social capital, which you can spend in your activity, and 360 euros for the company's constitution. Will you come here to make the company or you will need our assistance on that? If you come here to open the company we will assist you and go with you so you can have all taken care in 1 day. We can also take care of the entire process if you can't come here.
If you have any moore questions fell free to ask
Kind Regards
Cláudia AzevedoGood afternoon! I have a company in healthcare and am quite interested in importing a container of latex gloves with and without dust, with AQL 1.5 Size S, M, L, XL.Gostaria to know your budget for these quantities. Await response Yours sincerely Nuno Marques Question from Nuno Miguel Marques on 10/05/2010
Claudia says:
Hello Nuno
As I understood your question, you want to import gloves. Well our area is accountancy and management, we don´t comercialize gloves. Thank you for your question
CláudiaOla Claudia, Roberto, the Canadian here again :)Where is the one-stop-shop ? Where does the minimum investment capital go to and are there restrictions on how its spent? If i am here on a tourist visa but want to get this process underway, will that be possible, or do I have to leave and come back for business purposes ? Really appreciate your quick response last time. Muito obrigado, Roberto Thanks, Roberto Question from Roberto David on 16/04/2010
Claudia says:
Hello Roberto. Nice hearing from you again. So you are here in Portugal? It will be easier to explain this situation personaly, but I will try to do it...
The social capital for a society (5000 Euros) is spend with the society, all the expenses that are essencial for your business. We can help you with the company constitution, and if you are already here even with a tourism visa can be done.
You can contact me so we will be able to discuss the details. Thank you once more for your contact
Hope to hear from you soon. Regards CláudiaOla Claudia, I am interested in starting a small industrial painting company in Portugal. This would include , but not be limited to, painting yachts, airplanes, autos and so forth. I am a Canadian citizen and fully certified in my field. What is the first step in starting such a venture? Is there a minimum amount of capital needed? Does owning a business allow me to reside in Portugal year-round? I sincerely thank you for your time and answers, Roberto Question from Roberto David on 13/04/2010
Claudia says:
Hello Roberto. Thank you for your contact. To start your business here in Portugal, you must think about the name for your company. If you are the only partner we can make a limited company with one partner. The minimum amount of capital is 5.000 Euros. If you make a company here in Portugal you can get residence here. You can contact us for more details, on our website. Regards
Dear Claudia I have a number of holiday properties on the silver coast. What tax advantages are their in leaving the profits in portugal to re-invest in further projects. Bar the running expenseds I have so far been drawing the profits out in the UK. Am I being charged double tax? Can you advise a more efficient process. Kindest regards, Clare Question from clare breakwaith on 03/02/2010
Claudia says:
Dear Clare
According to your question your properties are for holidays and as I can suppose you don't have any business here in Portugal. So if you leave your profits here it will be as a person not as a legal firm or self employed, correct? In the UK you declare your income from Portugal, but here in Portugal you don't declare anything, correct? How is your taxes aply to your income in the UK? The answer to these questions will allow a moore precise analisys of your situation.
Kind Regards
Cláudia Azevedo
