Starting a Business in Portugal

Portugal offers favorable conditions for entrepreneurs, especially for digital nomads and freelancers. The country has special tax regimes and makes it relatively easy to start a business.

Company forms:

• Trabalhador Independente (ENI): Sole proprietorship/freelance, fastest option
• Unipessoal Lda: Sole proprietorship with limited liability
• Sociedade Lda: Comparable to LLC

Tax regimes:

• Simplified regime: Estimated costs (15-35% deduction)
• Organized accounting: Real costs deductible

Steps:

1. Apply for NIF
2. Register with Segurança Social (NISS)
3. Establish company via Empresa na Hora (1 day)
4. Choose CAE code (activity code)
5. Hire accountant