Seting up a company in Lisbon
With a strong technology sector, a thriving start-up scene, and a favorable business environment, Lisbon is an attractive destination for entrepreneurs and established companies alike.
When setting up a company in Lisbon, there are several key things to consider. First, you need to choose the right business structure. The most common business structures in Portugal are the sole proprietorship (empresa individual de responsabilidade limitada, or EIRL), the private limited company, or Lda, and the public limited company (sociedade anónima, or SA). Each structure has its own advantages and disadvantages, so it is important to choose the one that best suits your business needs.
Once you have chosen the right business structure, you will need to register your company. The process of registering a company in Portugal is relatively simple, but can be time-consuming. You will need to provide several documents, including a business plan, proof of address, and a certificate of incorporation. You will also have to choose a company name, which must be unique and cannot be similar to any existing company name.
In Giraldo Works we offer private office solutions from 3 to 50 people as well as virtual office and cowork that allow you to register your company at our address, enjoying a prestigious location near Marquês de Pombal and Avenida da Liberdade.
After registering your company, you will need to obtain the necessary licenses and permits. Depending on the type of company you are setting up, you may need to obtain certain licenses and permits. For example, if you are setting up a restaurant, you will need a food establishment license. It is important to research the specific requirements of your business and obtain the necessary licenses and permits before starting operations.
Another key step in setting up a business in Lisbon is setting up a business bank account. It is important to have a separate business bank account to keep your personal and business finances separate. This will make it easier for you to manage your finances and prepare your financial statements.
Once you have taken care of the administrative and logistical aspects of setting up your business, you can start hiring employees. If you are planning to hire employees, you will need to register with the Portuguese social security system and obtain a tax identification number. You will also have to comply with Portuguese labor law, which provides certain protections for employees, including minimum wage and paid vacation time.
In conclusion, setting up a company in Lisbon can be a great opportunity for businesses looking to exploit the city’s growing economy and vibrant business environment. By choosing the right business structure, registering your company, obtaining the necessary licenses and permits, creating a bank account and hiring employees, you can successfully establish your company in Lisbon and start taking advantage of the many opportunities the city has to offer.
