Yes. Foreign nationals can legally establish and own a company in Portugal without Portuguese nationality or residency. 

The process typically involves obtaining a Portuguese tax number (NIF), selecting the most suitable company structure, preparing incorporation documents, registering the company and completing the necessary tax and banking procedures. 

While company registration itself is relatively straightforward, international founders often find it more challenging to understand the local tax, compliance and administrative requirements that follow.  

Oporto Accounting supports international founders throughout the company setup process, helping them understand their obligations, assess the most appropriate structure and coordinate the various administrative and compliance procedures involved. 

In many cases, yes. Depending on the circumstances, the company setup process can often be completed remotely through a power of attorney or legal representation. 

This is a common solution for international entrepreneurs, startups, ecommerce businesses and companies seeking an EU presence before relocating to Portugal. 

No. Portuguese residency is not required to establish or own a company in Portugal. 

Many of our clients are non-resident founders, investors and international businesses operating from abroad. However, residency status may influence certain tax and administrative obligations, making it important to assess the structure carefully from the outset. 

businesses opening their first European operation to multinational groups managing local subsidiaries. Many operate remotely or across multiple jurisdictions and require practical guidance on Portuguese accounting, payroll, tax and compliance requirements. 

There is no single structure that suits every business. 

The most common option is the Sociedade por Quotas (LDA), which is widely used by SMEs, startups and international companies due to its flexibility and limited liability protection. 

Other structures may be more appropriate depending on the business model and long-term objectives, including: 

• Sociedade Unipessoal por Quotas (Single-Shareholder Company) 

• Sociedade Anónima (SA) 

• Holding Company (SGPS) 
• Branch Office (Sucursal)

The most suitable structure depends on factors such as ownership, expected turnover, investment plans, international operations and future growth strategy. 

This is one of the most common questions asked by international professionals and entrepreneurs. 

The answer depends on factors such as expected revenue, business activity, liability exposure, number of clients and future growth plans. 

While freelancer status may be appropriate for some individuals, many founders benefit from the flexibility, credibility and liability protection provided by a company structure. 

A proper assessment at the beginning can prevent costly restructuring later. 

Yes. The NIF (Número de Identificação Fiscal) is required for most business and financial activities in Portugal, including company incorporation, tax registration, banking procedures and contractual arrangements. 

For foreign founders, obtaining a NIF is usually one of the first steps in the setup process. 

A straightforward incorporation can often be completed within a few days once all documentation is available. 

However, international cases may require additional time due to banking procedures, foreign shareholder documentation or specific compliance requirements. 

Early planning and proper preparation are often the key factors in avoiding delays. 

The total cost depends on the chosen company structure, shareholder profile and the level of support required during the incorporation process. 

In addition to registration costs, businesses should consider accounting, compliance, banking and ongoing operational requirements when planning their investment. 

Oporto Accounting provides tailored proposals based on each client’s specific objectives and circumstances. 

Yes. Portuguese banks regularly work with non-resident individuals and international companies. However, account opening procedures often involve additional due diligence and compliance checks. 

Requirements vary between institutions and may depend on the shareholder structure, country of residence and nature of the business activity. 

Oporto Accounting assists clients in coordinating the banking process as part of their company setup. 

Yes. Selecting the right structure is one of the most important decisions when entering the Portuguese market. The choice can influence taxation, compliance obligations, shareholder arrangements, investment opportunities and future expansion plans. 

Our team helps founders evaluate their options and select a structure aligned with both their immediate needs and long-term business objectives. 

To get started, contact our team through the contact page , Whatsapp,  phone: +351 220 047 841, or email: [email protected]