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Expat Accounting

Essential Documents and Requirements for Starting a Business in Portugal

Essential Documents and Requirements for Starting a Business in Portugal Setting up a business in Portugal as an expat offers unique rewards and challenges. While the excitement of company formation and tax compliance is understandable, overlooking critical legal and operational requirements can lead to serious setbacks. Did you know that over 60% of expats report

Vaishali April 23, 2025

English Speaking Accountant

Comprehensive Guide: Establishing a Subsidiary in Portugal for UK Businesses

Expanding your UK business into Portugal offers strategic advantages, especially in the post-Brexit landscape. With access to the European Single Market, attractive tax incentives, and a highly skilled workforce, Portugal is an ideal destination for international growth. This comprehensive guide provides a step-by-step roadmap to help you establish and maintain a successful subsidiary in Portugal.

Vaishali March 26, 2025

English Speaking Accountant

Should Your Business Buy Real Estate? A Strategic Guide for Business Owners in Portugal

For many business owners, purchasing real estate through their company can be a strategic and rewarding investment. Whether for operational expansion, wealth-building, or employee benefits, owning property offers businesses greater control, financial stability, and long-term growth potential. In Portugal, the combination of tax advantages, asset appreciation, and flexible use cases makes real estate an attractive

Vaishali March 16, 2025

Bookkeeping

The Benefits of Purchasing or Leasing a Car Through Your Portuguese Business

A common question that we receive here at Elevate is about buying a car through their Portuguese LDA versus buying a car using their personal funds (outside of the business). For this example we’re assuming readers are looking for a “normal” 5 passenger car, not a specialized commercial vehicle, and will use the car for

Vaishali December 16, 2024

how to add your email and phone to the tax portal so you do not get locked out - Elevate Accounting

News Flash

How to Add Your Email and Phone to the Tax Portal So You Don’t Get Locked Out

If you ever get locked out of your Portuguese tax account, having your email and phone number on file can make all the difference. With these details registered, you can reset your password instantly via email instead of waiting weeks for a reset code to arrive by mail—which is sent to your legal address and

Vaishali November 14, 2024

News Flash

Should You Set Up A Company In Portugal?

If you are considering starting a business in Portugal, you should know that it can be more complex and costly than in the US or UK. Creating an LLC in the US or a Ltd in the UK is typically cheap, easy, and requires relatively minimal maintenance. A Portugal limited liability company (called an LDA)

Vaishali October 20, 2024

Bookkeeping

Navigating Portuguese VAT Rates for Restaurants in Porto

Running a restaurant in Porto comes with its own set of challenges — especially when it comes to understanding how VAT (IVA) works. If you’re an expat business owner in Portugal, it’s important to know how different rates apply to food, drinks, and services, so everything stays in line with local tax rules. It’s also

Vaishali September 24, 2024

English Speaking Auditor for Expat Businesses in Portugal

Bookkeeping

Navigating Portuguese VAT Rates for Restaurants in Lisbon

Running a restaurant in Lisbon comes with its own set of challenges, especially for expat business owners. One area that often causes confusion is how to apply the correct VAT (IVA) rates — something that’s essential for staying compliant with local tax rules. It’s easy to enter incorrect VAT information into a Point of Sale

Vaishali September 17, 2024

Navigating-Portuguese-VAT-Rates-For-Restaurants - English Speaking Accountant

Bookkeeping

Navigating Portuguese VAT Rates for Restaurants: What Business Owners Need to Know

Running a restaurant in Portugal presents a number of administrative and tax-related responsibilities — especially when it comes to understanding how VAT (IVA) applies to different products and services. For expat business owners, navigating these requirements can feel unfamiliar at first. One area to pay close attention to is how your till or POS system

Vaishali September 10, 2024

English Speaking Accountant

Do I Need to Add My NIF to Purchases in Porto?

Launching a business in Porto is an exciting opportunity for expat entrepreneurs. However, managing Portuguese bureaucracy is crucial to your business success. One essential task is ensuring that your NIF (Número de Identificação Fiscal) also called an NIPC (Número de Identificação de Pessoa Colectiva) is included on all business purchases. This article explains the importance

Vaishali September 2, 2024

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