Business in Portugal and the Local People

Business in Portugal has become easier day by day as the world starts to globalize and become more interconnected. If you are an EU citizen and want to open a business in Portugal, you must register for taxes. To do this, you should contact a financial organization, as they will guide you through the process.

In Portugal, a lot of people scam others for the sake of money, and you actually get caught in a lot of problems. So instead of consulting any random person and trusting them, go to a Government organization and get complete information from there. Many people fall prey to the fear of the language barrier, which is a myth. Portuguese people are very cooperative. They help you a lot. If you cannot understand the Portuguese language, they help you through an English translator as well, so overall, the Portuguese people and the government try to help everyone.

I remember when I had just come to Portugal and I lost my way to the grocery store, then I did not have this SIM card in my phone. So I searched Google Maps. An old lady to whom I just told the name of the grocery store, and she came with me to drop me there, she did not understand English, but she understood my situation that I had to go where, so the people are so kind in Portugal. 

How to Start a Business in Portugal as a Non-EU Citizen

If you are a non-EU citizen and want to set up or open your own business in Portugal, you need to first apply for a Portugal visa. Then you must find an accountant in Portugal who is aware of the legal requirements here and will guide you in a better way, and will handle all your legal procedures. If you are thinking of opening a business in Portugal, then you will have to take special care of a few things.

Business in Portugal and Portuguese Culture

If you want to do business in Portugal, then it is necessary for you to know about its culture. Because every country has its own culture, and the culture has a lot of influence. Even before going to a new place, you have to take care of some initial things about that country, like the language, how to greet people, and so on.

These minor details and little research about the new place give you a sense of meeting people globally, and you do not face any problem in communicating with them. That is why you should take care of the culture in Portugal.  The language is on top, people love that you give importance to them and speak their language. The second important thing is punctuality and respecting each other’s precious time. 

If your partners are Portuguese and you have to hold business meetings, then people prefer meeting you in person rather than talking over the phone or email. Their method is a bit old-fashioned, but you will have to respect what they like. English is spoken or understood by most people, but in cities, if your vendors are in village areas and you have to make deals, then Portuguese will be used here.

Business in Portugal and Legal Procedures 

If you want to open your company in Portugal, you have to keep in mind the legal requirements. Before doing anything, it is important to know whether you are opening the company in partnership or independently, because in each case, you need to go through different legal procedures. 

Business in Portugal, individually, is a little easier without any partner because there is a little less financial burden in this as compared to opening it in partnership.

Business in Portugal as an Immigrant 

If you are an immigrant and want to open your own business in Portugal, then you have to take care of many things. The most important thing is to avoid scams here. Many people here are involved in scams and try to make a profit. So, before registering your company, keep these things in mind. 

First of all, it is necessary to have a residence card or a valid visa. Then you will have to request a registration certificate. Remember that you will have to apply for the visa through the proper legal process; it is not that you are coming to Portugal for a visit visa or a tourist visa. If your purpose is something else, then be attentive. 

Secondly, in the city where you are located, you have to apply for the registration certificate in the municipality within 30 days after your 3 months in Portugal. This is for EU citizens. 

If you are non-EU citizen, then you must apply for a D2 Visa.  If you open a company, you will not be allowed a residence permit, but you will have to pay special attention to these things, like 

You must have a good business plan, 

You must have proof that your business idea is economically viable and is right for the country.

You must first say you have enough and relevant experience in this business.

Business in Portugal and Hiring Employees 

If you want to open your business in Portugal and hire your employees, then you have to keep their wages minimum of 820 euros. The maximum time hours are 40 per week, and also take care of the social security benefits, etc. For that, you will have to register your business with the Social Security Office and tell them how many employees you have hired, etc.

For more authentic information and legal procedures related to your business, you must hire an accountant, who will brief you about the legal formalities, etc. 

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