Do I need a local advisor to set up a company in Portugal? [Reddit]

Answer

We recommend working with a local advisor because the accounting and tax rules of each country have nuances that should be understood in depth and that can only be mastered from within. An expert in the jurisdiction prevents mistakes that later prove costly to correct and that can leave your assets poorly protected. Distance or lack of knowledge of a regime without a manager are the source of many problems that arise even in already constituted companies. Having someone who knows exactly what to do and when to do it is what makes the difference between a healthy structure and one that deteriorates. Filnet makes available to you local advisors in Spanish who are experts in asset structures, who evaluate your specific case and help you set up and maintain a legal and stable structure. This way your assets are protected, with the ongoing management of your assets under control and without you having to deal with every formality. Doing this in Portugal has a set-up cost from , a timeframe of 4-8 weeks and a corporate tax of IRC 21%.