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What Do I Need to Open a Company in Portugal?

To create a company in Portugal, these are the steps to follow

  1. Get a NIF (Portuguese tax identification number). Rauva can also assist in obtaining this for you;
  2. Get a social security number (NISS). In Portugal, employers are obliged to get the NISS;
  3. Documents required:
    1. Scan of the passport/ identification card;
    2. Taxpayer identification number in an origin country;
    3. Bank statement to confirm the legality of the income.

If you live outside of the European Union, you'll need a tax representative

A tax representative in Portugal is a mandatory requirement for non-EU residents who have financial ties or business activities in the country. This representative, who must be resident in Portugal, acts as a liaison between the non-resident individual or business and the Portuguese tax authority.

Their role includes ensuring compliance with Portuguese tax laws, handling communications, and managing tax obligations like returns and payments. Non-EU residents starting a business or applying for a NIF (Portuguese tax identification number) typically need a fiscal representative.

The cost for such services can vary, but they are crucial for maintaining legal and fiscal compliance. Rauva can assist in obtaining a tax representative, simplifying this aspect for non-EU clients starting a business in Portugal.

 

 

 

Rauva has a partnership with Swan, which provides all payment services to Rauva's clients. Swan is authorized and supervised in France by the ACPR/Banque de France, operating in Portugal under the freedom to provide services as an Electronic Money Institution (EMI) and registered as an authorized entity under no. 7893 in the Bank of Portugal. Rauva does not provide payment services and does not take possession of customer funds. Clients' funds are protected in accordance with applicable legislation.

Rauva is a certified accounting firm but not a law firm. Therefore, Rauva does not provide legal services. Through its technological platform, Rauva facilitates its clients’ access to legal services provided by duly qualified and registered professionals in Portugal.