Reasons to set up your company in Portugal
In September 2023, the then Prime Minister of Portugal, António Costa, paid a state visit to our country. During his visit, among other activities, he held a meeting with the directors of the Chile-Portugal Chamber of Commerce (Cachipo), an entity that actively works to strengthen economic, cultural and cooperation ties between both nations.
On this occasion, Costa was accompanied by representatives from nine prominent Portuguese companies. Following the meeting, the political leader expressed his satisfaction with the trade relations between our countries, adding that he was “very interested in welcoming Chilean companies to Portugal.”
This favorable climate from this country towards Chile is not just talk. There are several advantages that encourage Chilean entrepreneurs to come to these lands, considered the gateway to other European markets.
What advantages does Portugal offer for your business? In contrast to other European countries, companies in Portugal do not face a lengthy VAT registration process to obtain a valid number for intra-community transactions; this number is generated automatically upon starting operations.
The business climate in Portugal is very favorable to innovation and entrepreneurship. In this regard, there is the advantage of being able to obtain a European passport by establishing a startup in Portugal, also known as an "entrepreneur visa."
The main requirement for this is that the company created be able to attract skilled jobs.
It has a similarity to the Golden VisaIn that after residing legally for 5 years, the person can opt for citizenship and with it a passport, which would allow them to live, work and move freely throughout the 27 countries that make up the Schengen area.
Portugal, as a member of the European Union (EU), has a particular interest in renewable energy. In this regard, the Trade Agreement The agreement between Chile and the EU opens up investment opportunities for Chilean companies in the field of clean hydrogen, as well as in the export and marketing of lithium and copper, among other raw materials.
Let us also remember that last year the Chile-Portugal Trade Mission, an initiative by Cachipo that, among other things, allowed an exchange between entrepreneurs from both countries, showcasing entrepreneurial opportunities in Portugal in fields such as energy, transport and the agricultural world.
As AIM Global, we are prepared to offer you a variety of services if you wish to set up your company in Portugal, from company formation, investment advice, real estate brokerage, and processing of Tax Identification Number (NIF), opening of current accounts and tax representations.
Don't postpone this decision and schedule a meeting with our teamWe are experts in international mobility, and we will accompany you throughout the entire process.
