Requirements to setup a company (LDA):
✅ Having no less than 1 director✅ Having no less than 2 participants
✅ Having 1 director
⭐️ Participants become owners of shares and have financial liabilities proportionate to the number of shares owned by them. There are no requirements for the share capital; however, the cost of each share must be at least 1 EUR. Only registered shares can be issued SA Company.
👉This form is primarily used by large enterprises and includes the following requirements:
✅ Having no less than 5 participants
✅ Having a share capital of no less than 50,000 EUR (depending on the type of business)
✅ Paying 30% of the share capital at the time of registration, with the remainder being paid over time (but not later than in 5 years)
✅ Company must be managed by a Board of Directors
✅ Company can only issue registered, ordinary, privileged and bearer shares
✅ Company’s charter must be approved by the Registrar of companies
Documents required to register a company:
✅ Providing a description of a company’s activities✅ Providing a company’s name
✅ Having a charter
✅ Having a share capital and shareholders
✅ Shareholders must provide: a passport, confirmation of the residence address (e.g. a utility bill) & tax ID; if shareholders are individuals, they must specify their marital status; if they are married, they must provide a copy of their spouse's passport
🤑 Taxation: VAT - 23% | dividends tax - 20% | royalties tax - 15%
🏦 Corporate Bank Account - 4 weeks
🤝 Residency - Working Visa - 1-2 months
Requirements and documents:
✅ Working Contract (average salary=1,361 Euro)✅ Application
✅ Passport & 2 photos
✅ Health Insurance
✅ SEF application
✅ Zero crime record
✅ Rent Contract
✅ Proof of funds:
👉 1st adult: 100% - 705 EUR
👉 Other adults 50% - 352,50 EUR
👉 Children (son, daughter, etc) 30% - 211,5 EUR