New business setup in Portugal
Located strategically in Europe, Portugal is becoming more and more popular among entrepreneurs who are looking for stability and expansion. Learn about the necessary steps, advantages, difficulties, and legal choices when establishing a business in Portugal. In addition, we offer efficient solutions for setting up a business online and remotely.
Formalities and procedures
We offer a range of services to ensure that you meet all the requirements and receive assistance at every step.
Business planning
Before starting the process of forming a new business, it is important to conduct comprehensive market research and corporate planning. Our assistance includes developing a detailed business plan, analyzing market trends, identifying your target market, and evaluating the competitive landscape.
Choose your legal structure
Portugal provides a range of legal entities that are appropriate for new businesses, such as Private Limited Liability Company (Lda), Public Limited Liability Company (SA), Branch Office, Holding Company, and others. The decision on which one to choose will be influenced by factors such as the size of the business operations, ownership arrangement, and liability preferences.
Reserve a company name
Choose an original and recognizable name for your business and make sure it is not already taken by checking the Commercial Register.
Set up legal address
Having a valid address is an important aspect when starting a new business. This address is used as the main contact point for government agencies, legal bodies, and important business communications. It is essential to choose an address that meets local laws and suits the requirements of your business.
Draft articles of association
Our team of professionals helps you create precise and thorough articles of incorporation specifically designed for your chosen legal structure. We guarantee all necessary legal obligations are fulfilled and take care of submitting the documents on your behalf, saving you time and energy.
Registration
We handle the registration process with the necessary authorities, such as the Portugal Trade and Companies Register and tax authorities, to alleviate the administrative burden. This guarantees that your new business is legally recognized and compliant right from the beginning.
Open a bank account
Make financial transactions easier by setting up a business bank account in Portugal. Our expert team will help you with the process.
Setup accounting
It is essential to keep accurate financial records when launching a new business. Our accounting experts can help you establish robust accounting and bookkeeping processes that comply with Bosnia’s regulations.
New business examples
Businesses come in a wide range of sizes and have diverse requirements and effects on the economy. It is important for aspiring entrepreneurs to grasp the different types of businesses in order to recognize potential opportunities. Here is an overview of potential new businesses in various size categories:
Small businesses
Embarking on a small business venture can be filled with both excitement and obstacles, while also being essential to the growth of local economies. Some common examples include neighborhood coffee shops, online stores selling handmade crafts, pet grooming salons, and freelance web design services.
Medium businesses
Medium-sized businesses such as regional stores, software companies, event planners, and fitness studios have a larger number of customers and employees compared to small businesses. Nonetheless, they have not yet grown to the scale of large corporations.
Large businesses
Big companies such as multinational corporations, airlines, car manufacturers, and retail giants are the dominant players in their respective industries. They possess significant resources, employ a large workforce, and wield considerable influence in the market. Oftentimes, these large enterprises have a global presence.
Common mistakes when setting up a new business
New businesses frequently face typical obstacles that can be minimized through anticipation and careful planning.
Inaccurate documentation
We guarantee that all your paperwork is thorough, precise, and meets legal standards, thus minimizing the chance of any bureaucratic problems.
Lack of understanding of local regulations
We offer thorough assistance with “local regulations, taxation, employment laws, and other legal obligations” to make sure you are in compliance with the law.
Inadequate financial planning
Our team helps you create practical financial projections, establish budgets, and secure financial resources to help achieve your business objectives.
Insufficient market research
Lack of knowledge about the local market can impede success. It is important to carry out comprehensive market research to recognize potential opportunities and obstacles.
Inadequate marketing
Numerous companies face challenges because of lackluster marketing campaigns. Enhance your online visibility and consider implementing various digital marketing tactics.
Our solutions: Business formation made easy
The team offers solutions that are both practical and effective, tailored to your specific needs.
Business formation online
Using the online platform provided by Portugal, you can initiate and complete the process of forming a business from anywhere in the world. Monitoring progress, submitting documents, and utilizing our services can all be done through secure digital channels, ensuring a smooth experience.
Business formation remotely
In Portugal, if you prefer a more hands-off approach, we handle all the paperwork for you. Our team of experts takes care of all the necessary formalities, completes the paperwork, and liaises with the relevant authorities to ensure your peace of mind.
Contact us
Don’t miss the chance to start your business in Portugal. Get in touch with us now for tailored support, whether you opt for online registration or remote business formation. Our skilled team will assist you at every stage, guaranteeing a smooth and prosperous business start. Tap into the opportunities that Portugal offers for your entrepreneurial ventures!