Auxadi Portugal
Portugal is one of Europe's leading financial markets and, with its profound cultural, architectural and linguistic influence, ranks a respectable 39 out of 190 in the World Bank's Index of Ease of Doing Business. Around the globe, today, there are c. 250 million Portuguese speakers, and as one of the founding members of NATO and the OECD, Portugal maintains strong relations with Europe, Africa, and the USA. It retains close ties with all its former colonies (e.g. Brazil, Mozambique, Macao and Angola) – serving as a gateway to many varied global markets and proving an attractive market for international expansion and investment.
Portugal is focused on development of large renewable energies projects, specifically solar and wind, and has pledged targets of 80% renewable electricity by 2030 and carbon neutrality by 2050.
As a result of EU legislation, Portugal offers freedom of establishment and equal treatment for domestic and non-resident investors. Foreign investment is available in all Portuguese sectors, though there are restrictions on projects that may affect order, safety, or public health by their nature, form, or conditions of implementation.
Portugal
Portugal is one of Europe's leading financial markets and, with its profound cultural, architectural and linguistic influence, ranks a respectable 39 out of 190 in the World Bank's Index of Ease of Doing Business. Around the globe, today, there are c. 250 million Portuguese speakers, and as one of the founding members of NATO and the OECD, Portugal maintains strong relations with Europe, Africa, and the USA. It retains close ties with all its former colonies (e.g. Brazil, Mozambique, Macao and Angola) – serving as a gateway to many varied global markets and proving an attractive market for international expansion and investment.
Portugal is focused on development of large renewable energies projects, specifically solar and wind, and has pledged targets of 80% renewable electricity by 2030 and carbon neutrality by 2050.
As a result of EU legislation, Portugal offers freedom of establishment and equal treatment for domestic and non-resident investors. Foreign investment is available in all Portuguese sectors, though there are restrictions on projects that may affect order, safety, or public health by their nature, form, or conditions of implementation.
Why Auxadi is trusted as an expert outsourcing provider in Portugal
Launching a company in Portugal is relatively simple, though complexities are added when it comes to their strict labour laws. It can take just six days to set up a company in the region and we have a strong team of experts on the ground to help you with your global expansion and investments.
From our office in Lisbon we offer a range of complementary and value-added outsourcing services, leading with accounting and reporting, tax compliance, and payroll management to multinationals and alternative investment fund managers.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
Our services in Portugal include:
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Tax Specialists
Portugal has a wide network of double taxation treaties, including a specific convention with Spain that reduces tax due on dividends, interest, and royalties. Changing tax regimes are often more challenging than any other business requirement, and Portugal’s tax system incorporates both federal and municipal charges, with rigid and complex rules around transfer pricing, and monthly filings.
Corporation tax is currently 21% (over the first €25,000), but there are also State and Municipal surcharges levied, which range from around 4% to 10.5% depending on profits.
We’re experts in international taxation and our team in Lisbon can help you navigate local tax requirements with ease, using our purpose-built tax automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Accounting Specialists
As part of the EU, Portugal’s accounting standard is IFRS – monitored by the Commission for Accounting Standards (CNC). Accounting documents must be presented twice per year. There’s also COPE – a report to be prepared by all entities (excluding single persons) each month, showing all transactions, loan agreements, payments, and bank positions outside Portugal – which must be submitted to the Bank of Portugal each month.
Using our purpose-built technology platform, MySPV, you can have full and real time access and control of your accounting data, across multiple countries and multiple currencies.
Our accounting experts in Lisbon offer:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Payroll Specialists
Labour laws in Portugal are extremely rigid and work contracts are governed by legal provisions, collective agreements and individual negotiation.
Portuguese payroll can be challenging, as the Portuguese Labour Code allows workers to choose which legislation they are governed by: Portuguese or other EU Member States.
Portugal has no limitations or quotas on foreign workers.
Our Portuguese payroll specialists are experienced and knowledgeable, using our unique technology platform to manage your payroll function. You’ll have access to automated processes, permissions control for reviews and approvals, and coherent, homogenised data that can be easily consolidated.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Auxadi in Portugal
Av. D. João II 46, 4A-4B
1990 – 095 Lisboa
Tel: +35 121 791 00 32
Count on our professional and extensive experience in the Portuguese market, for your investments in Portugal and elsewhere in Europe, the United States and Latin America.