CLOSING A SOLE PROPRIETORSHIP (ENI) IN PORTUGAL
Empresário em nome individual, ENI, is the simplest form of small business in Portugal. It is also the most popular form of registration for expats who work remotely or want to continue their business after moving to Portugal.
Sometimes private entrepreneurs are faced with the need to terminate their ENI. The reason for this may be a prolonged absence of active activity, relocation, or, conversely, business expansion, as a result of which it is planned to open a company.
Portuguese law allows the suspension of ENI activities for up to 12 months if the self-employed person is experiencing temporary difficulties. But if the decision to close has been made, First Legal Portugal professionally provides services to support the liquidation of ENI.
*The cost of the service depends on the specifics of the self-employed person's accounting.
The turnaround time includes the preparation of all necessary documents and the submission of a request for changes.
LIST OF DOCUMENTS REQUIRED FOR THE LIQUIDATION OF AN EMPRESÁRIO EM NOME INDIVIDUAL (ENI) IN PORTUGAL:
- passport + copy of passport with translation into Portuguese;
- NIF (tax identification number of a natural person in Portugal);
- Access code to the tax office (account on the Portal das Finanças website).
First Legal Portugal specialists will advise you if you are considering closing your ENI and will help you with the liquidation process.
