Opening Branch In Portugal
Portugal is very among foreign companies wishing to open their own branch in the European Union and have access to the European market. Portugal is one of the successfully developing countries, increasing its potential in the territory of the European Union, successfully surviving economic crises and increasing its gross income every year.
First Legal Portugal law firm provides a service for branch registration in Portugal for foreign companies. First Legal Portugal specialists will advise you on any issues related to opening a branch in Portugal and fully accompany the entire process of registering a branch.
Cost of services: 800 EUR
Completion time: from 3 working days
There are 2 options for registering a branch in Portugal
- Usual (traditional) method - personal application;
- Online registration.
When registering a branch in Portugal, you must provide the following information
- Name of the company, legal address where the company is registered, types of economic activity;
- A copy of the minutes of the supreme management body of the company that has the right to make a decision on the establishment of a branch;
- Branch name and office registration address;
- Information about the head of the branch;
- Types of economic activity of the branch.
The main features of a branch in Portugal are
- The company that founded the branch manages and controls the branch;
- When creating a branch in Portugal, there is no need to specify the size of the authorized capital;
- The company that founded the branch is fully responsible for paying taxes and fees in Portugal;
- The branch registers with Tax Service and chooses a taxation system, like ordinary companies registered in Portugal;
- The branch provides annual tax reporting, so accounting is mandatory;
- The branch pays tax on corporate income received in Portugal and VAT
