Portugal is arguably the country with the highest quality of life in the European Union, yet one of the lowest costs of living. It has an impeccable reputation in business and therefore makes an ideal base for entrepreneurs who require a company and/or bank account in a country that is a member of the European Union, the Euro zone and the Schengen area.
Advantages of using Portugal as your business base include:
- Highly skilled and English fluent labour force
- One of the leading EU countries for R&D and new technologies such as biotech and fintech
- One of the safest countries in the world
- Attractive tax incentives for foreign investors and new residents
- Proven Golden visa and Entrepreneur visa programmes
- Route to a European Union passport after approximately 6 years
- Best Tax Incentives in the European Union
Portuguese companies have unrestricted access to the European single market, including financial services such as banking. A Portuguese company can open a bank account in Germany or London just as easily as in Portugal.
The special tax regime for non habitual residents offers an almost total tax exemption on foreign source income, subject to certain conditions, and a flat income tax rate of 20% for certain Portuguese employment and self-employment source income.
Offshore Pro Group has its own office in Portugal and offers:
- Portuguese Company Formation
- Portuguese Bank Accounts – Remote Opening is Possible
- Payment Processing Services in Portugal
- Residence in Portugal
- Golden Visa
- Property Investments in Lisbon, Porto, Braga and countrywide
For further information on Offshore Pro Group services in Portugal, please contact us today!
Open a personal bank account in Portugal
Portugal is a member of the EU and has a developed banking system with less requirements for non-residents than other EU countries. If you are interested in opening a personal bank account in Portugal, Offshore Pro Group can advise you in the best possible way and assist you during the process which can be done completely remotely.
Read moreDo Expats Pay Taxes in Portugal?
A chance of making a mistake because of
misunderstanding or ignorance of certain nuances in taxation can cost you a
fortune. Following the outbreak of COVID-19 in Portugal, the Portuguese
government has adopted several new tax relief and deadline shifting
initiatives. Stay well and safe, and […]
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