
Filing of annual accounts with an unfavorable opinion from the auditor
It is possible to file a company’s annual accounts with the Commercial Registry even if the auditor’s report contains an unfavorable opinion, provided that such
Qualification Criteria
Portugal has established clear criteria for startups seeking certification. To qualify, a company (i) must have been active for less than 10 years, (ii) have fewer than 250 employees, (iii) have an annual turnover of no more than 50 million euros, (iv) cannot be the result of the transformation or spin-off of a large company and (v) cannot have a majority shareholding in a large company.
These criteria, among others, set the scene for startups seeking to qualify for the benefits of the NHR 2024.
NHR 2024 for employees and board members of startups
Tax residents in Portugal from 2024 onwards enjoy a flat rate of 20% on personal income earned in Portugal and exemption from tax on foreign income from various categories.
Other benefits
In short, the NHR 2024 is more than a tax incentive; it’s a catalyst for growth, innovation and international collaboration. By fostering a welcoming environment for startups, Portugal stands out as a beacon for those seeking not only tax advantages, but also a vibrant ecosystem to boost their entrepreneurial journey.
We are here to help! Feel free to contact us at [email protected] to discuss your specific needs, clarify doubts or obtain legal advice tailored to your situation.
It is possible to file a company’s annual accounts with the Commercial Registry even if the auditor’s report contains an unfavorable opinion, provided that such
An ETVE (Entidad de Tenencia de Valores Extranjeros, or Foreign Securities Holding Company) is a company incorporated in Spain that benefits from a special tax
The individual representative of a legal entity acting as a director assumes an organic position with full joint and several liability. This appointment carries significant