Ready-made company in Portugal

The option to buy shelf companies in Portugal is ideal solution for businessmen who intend to establish a firm abroad and enter global market-space. In the territory of this jurisdiction, entrepreneurs often choose firms that are created under the Trespasse scheme. Below we will take a closer look at what this scheme is and what advantages are offered to firms established in this way.

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Benefits of a firm registered in Portugal

1. Conclusion of an agreement on the avoidance of double taxes and the adoption of the EU Dividend Law.
2. The absence of restrictions on investments from foreign sources and availability of incentives for certain projects, in particular, research projects.
3. A simple registration of purchase of real estate and further obtaining a residence permit.
4. Excellent reputation of the jurisdiction on the world stage.
5. Operational company registration.
6. Affordable cost of renting an office for the physical presence in jurisdiction.
7. Ability to operate right after firm purchase and changing owners’ data.

Moreover, the Fintech direction is developing more and more, since there is no VAT on transactions with cryptocurrencies in the jurisdiction.

Types of shelf-companies in Portugal

Two types of companies for sale in Portugal can be got:

• Open Joint Stock Company (PLC/SA);
• a completely foreign-owned firm/special industrial zone firm.

How to buy a ready-made firm in Portugal

If businessmen intend to launch enterprise incorporation in a given country, you can go in several ways.

1. Option 1. Purchase of a legal entity.

You can purchase existing legal entity with a business-project, or just a part of a business in established organization. Such an option is commonly-chosen.

When buying a legal entity, you need to check it well both from the economic and legal sides, and conduct an audit. 

2. Option 2. Buying a business-structure without buying a legal entity.

Commonly-chosen type of business-structure purchase is Trespasse, i.e. the acquisition without a legal entity.

Trespasse refers to ownership passing from one owner to another through a contract that determines the price and terms of the transfer of all assets. At the same time, the legal entity is opened separately by the new owner, which guarantees the absence of risks that may arise when buying a ready-made firm.

With Trespasse, you own the following assets:

• real estate;
• all furniture and equipment;
• warehouse stocks of goods;
• company name, brand and the right to use it;
• all patents, licenses and permits held by firm;
• employees, customer base and contracts.

Document list and requirements for ready-made firm incorporation 

1. Passport of new owner and director (can be one person).
2. Proof of residence (such as utility bills).
3. The charter and data of the owner of the company, if the company is bought by a legal entity.
4. When buying a company, businessmen need to ensure it has all documentation in order and there’re no problems with the law. Also, the new owner will have to issue a tax number, called Tax ID. It is required by both individuals and companies. To issue it, you need to have a tax representative in the jurisdiction.
5. If you do not have a local address, our experts will assist you to do it.

We will also offer a list of suitable bank institutions for account opening. Bank may require additional document list in the process to verify your solvency and responsibility.

The financial statements of the firm must be certified by a qualified auditor. After that, they are submitted to the tax office. Tax returns are filed annually.

How to buy a shelf company in Portugal: procedure

To become owner of companies with bank account in Portugal, businessmen need to contact our experts.

1. Our lawyers will provide you with a list of current offers for sale, and agree on a price that is convenient for you.
2. We will preliminarily make an estimate of the cost of acquiring a company and additional service list.
3. Our experts will tell you in detail what documents are needed for registration and help you fill them out.
4. We will agree with you on additional nuances: the need to get a tax number, renting an office, finding a representative in the country, etc.
5. We will control every step of the business re-registration process so that no mistakes are made.

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Taxation in Portugal

1. The country has corporate taxes that are levied on all company income: national commissions – 25% and regional – 2.5%. The percentage of taxes depends on the type of business.
2. VAT on the mainland of the jurisdiction is 21%, on the island it is 15%.
3. Social commissions are paid from employees’ salaries.
4. Until 2012, reduced income tax rates were in effect. Now the rate for ordinary firms is 4%, and for financial ones it’s 25%. But if the company is licensed
5. The withholding tax on dividends is 20% and on interest is 15%.

How much does a ready-made firm in Portugal cost?

The total price of the option to purchase a shelf companies in Portugal depends on many factors and is calculated on an individual basis. It all depends on the complexity of the design, additional service list and other nuances. You will receive a ready calculation in advance, so no additional payments will be required. At the same time, our specialists will select the most favorable terms of cooperation for each client with the maximum optimization of funds.

What is included in the cost of services

The professionals of our company have been working on the global market-space for a long time and have managed to establish themselves as the best in their field, so you can completely trust us. Lawyers will help you buy shelf companies in Portugal or register a company from scratch in accordance with all the rules of the chosen jurisdiction.

1. We’ll find best firm to purchase, suiting your preferences.
2. Our lawyers help you with the licensing of the company and the preparation of documents.
3. Support at all steps of the process.
4. Account opening and merchant-accounts creation.
5. Comprehensive professional advice.
6. We will quickly and without extra expenses help you organize your own business in any corner of the planet.
7. An extensive list of corporate services and shelf companies for sale in hundreds of jurisdictions.

We know how to communicate with regulatory bodies, so we’ll also issue all licenses and permits quickly and without unnecessary nerves.