Is there any difference between opening in Portugal as a sole trader or setting up a limited company? [Reddit]
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Answer
Yes, there is a difference, and it is an important decision that you shouldn't make on a whim or based on what you've read somewhere. The Filnet adviser analyses your case and explains the practical difference in Portugal: liability, taxes and formalities for each option. They recommend the structure that fits your size, your activity and your future plans. That way you choose with sound criteria and not because one option sounded better in theory. What's more, you understand before deciding what each one means for your day-to-day. That clear contrast is what saves you from setting up the wrong structure, which is then costly to undo.
Back to the question finder🇵🇹 Incorporate a company in Portugal
Minimum capital
No mandatory minimum capital (from €1)
Timeline
4-8 semanas
Corporation tax
IRC 21%
Legal form
LDA / Unipessoal
No commitment · Local advisor in English
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