Doing business in Portugal. Entering the Portuguese market.
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Entering the Portuguese market requires a strategic approach backed by thorough market research and a clear business strategy
Entering the Portuguese market requires a strategic approach backed by thorough market research and a clear business strategy
Learn more about our services Learn more about our servicesGeneral information
Population
10 330 000 people Official language
Portuguese Main religion
Catholicism Currency
Euro Time zone
UTC+1 Economy of Portugal
GDP per capita
24 567 USD Economic growth
6,7% Unemployment
6,65% Inflation
8,1% Investment inflow
7,36 billion USD Business in Portugal
Popular type of legal entity
Limited liability company (LLC) Minimum number of shareholders
1 Company registration period
1 week Minimum share capital
5000 Euro Restrictions for foreigners on starting a business
No, but at least one director must be a resident of the European Economic Area (EEA) A local director is required?
Yes Corporate tax
21% Advantages and disadvantages
Advantages
strategic location, stable political climate, European Union membership, competitive tax incentives, and a growing startup ecosystem Disadvantages
bureaucracy, high level of regulation, limited skilled labor, language barriers for non-Portuguese speakers, and a relatively small market size