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Why Open a Business in Portugal?
- Access to the EU market.
- Government support for startups (grants, funding).
- Residency through entrepreneurship.
Popular Business Types:
- Unipessoal LDA (Single Shareholder LLC)
- Sociedade por Quotas (LDA - Limited Liability Company)
- Sole Proprietorship (Freelancers)
Steps to Open a Company:
- Obtain a NIF (tax number).
- Open a Portuguese bank account and deposit minimum capital (€1 for LDA).
- Choose and register a company name.
- Draft Articles of Association.
- Register at the Commercial Registry (Conservatória).
- Get a Social Security Number (NISS).
- Register with Finanças (Tax Authority).
Required Documents:
- Passport or Residence Card.
- NIF Number.
- Proof of Address.
- Business Plan (for visa applications).
Advantages:
- Fast setup (few days with assistance).
- No need to be physically present (via legal proxy).
- Eligibility for residency visas (D2 or Golden Visa).