After completing the procedures for establishing a company in Portugal, in order to be able to officially put into operation, investors may need to carry out some post-establishment procedures that Viet An Law will list in the article below.
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Legally, the committed charter capital needs to be fully contributed before the end of the first fiscal year. However, in practice, this should be done as soon as possible. For a joint stock company (SA), at least 30% of the charter capital must be contributed immediately upon establishment.
This is the procedure for officially notifying the Portuguese Tax and Customs Authority (Autoridade Tributária e Aduaneira – AT) of the company’s commencement of economic activities. Without this return, the company will not be able to legally invoice, declare and deduct VAT (IVA), or perform any other taxable transactions.
According to regulations, this declaration must be submitted before the company carries out any business activities (purchase, sale, provision of services, etc.) and within 15 days from the date of registration of the establishment of the company at the commercial registry. This declaration is required to be submitted by a Certified Accountant (Contabilista Certificado – CC) appointed by the company.
Investors need to sign a service contract with a CC, providing necessary information about the company (NIPC, CAE code, registration details, director information, expected operation, etc.). The CC will then submit this declaration on behalf of the company via the website of the Tax Authority (Portal das Finanças).