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Here in Portugal you can register a company for 350euro and it only takes 1hour to do it, the downside is that you have to chose your name from a pre-selected l
by bond 17y ago
Here in Portugal you can register a company for 350euro and it only takes 1hour to do it, the downside is that you have to chose your name from a pre-selected list.
If you want your own name it will take some more euros to register the name and the process can take a few more days.
You then have 5 days to get 5000euros in your bank account, that's the minimum capital required...
- fauigerzigerk 17y agoDo you know what the minimum social security contributions are in Portugal? This has been the biggest issue for me in continental Europe.
- bond 17y agoIt's 11%.
- fauigerzigerk 17y agoSo if you're a startup and you earn nothing for some time, that would be zero euros then. That would be great because in most countries there is a nominal minimum contribution regardless of how much you actually earn.
- bond 17y agoYou can say to Social Security that you wont be earning a salary so that you don't have to pay taxes for some period of time. You really need to say to them that you will not earn a salary because even if your startup doesn't have any revenue, they will still require you to pay the tax...