How to Open a Company in Portugal in 2026: Complete Guide
Step-by-step guide to company formation in Portugal. Types of companies, costs, requirements, and timeline for foreigners and locals.
Opening a company in Portugal is surprisingly straightforward. The process has been digitized significantly and can be completed in as little as one day through the Empresa na Hora (Company in the Hour) service. Whether you are a local entrepreneur, a digital nomad, or a foreign investor, here is everything you need to know.
Types of Companies
Unipessoal Lda (sole owner limited company): The most popular choice for freelancers and small businesses. One shareholder, minimum capital of 1 euro (though more is recommended). Limited liability. Sociedade Lda (limited company with multiple shareholders): For businesses with 2+ owners. Minimum capital of 1 euro per shareholder. SA (public limited company): For larger businesses. Minimum capital of 50,000 euros. Required for companies planning to be publicly listed.
Step-by-Step Process
Step 1: Get a NIF (tax number) if you do not have one. Step 2: Choose a company name and verify availability on the RNPC portal. Step 3: Open a business bank account and deposit initial capital. Step 4: Register the company through Empresa na Hora (1 day, approximately 360 euros) or a traditional notary process (3-5 days). Step 5: Register with Social Security (Seguranca Social). Step 6: Open activity with the tax authority (Financas). Step 7: Begin filing quarterly VAT returns and annual IRS/IRC declarations.
Costs
Empresa na Hora registration: approximately 360 euros. Company seal (optional): 50-100 euros. Accountant (mandatory for Lda companies): 100-300 euros per month. Social Security contributions: 21.4% employer plus 11% employee. Corporate tax (IRC): 21% standard rate with lower rates for SMEs on the first 50,000 euros of profit.
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Frequently Asked Questions
How long does it take to open a company in Portugal?
Through Empresa na Hora, the process takes 1 day. Traditional notary registration takes 3-5 days. Opening a bank account can take an additional 1-2 weeks.
Can a foreigner open a company in Portugal?
Yes. Foreigners need a NIF (tax number) and a Portuguese bank account. EU citizens can proceed directly. Non-EU citizens may need a visa depending on their intended activities.
Do I need an accountant in Portugal?
Yes. Portuguese law requires all Lda and SA companies to have a certified accountant (TOC). Costs range from 100-300 euros per month for small businesses.