Legal system: EU continental (civil) law, offering a high level of predictability for contracts, corporate governance, and the protection of shareholders’ rights.
Currency: Euro (EUR), convenient for settlements with European counterparties and payment service providers.
Taxation: Corporate income tax (IRC) depends on the territory and applicable regime; reduced tax rates apply in autonomous regions (see the “Taxes and Reporting” section).
Reporting and compliance: Statutory accounting, corporate and tax reporting are mandatory. For “clean” operations with banks, properly structured contracts, clear source of funds, and a transparent business model are critical.
Confidentiality: Corporate information is recorded in public registers; the ownership and operational structure must meet bank KYC/AML requirements, especially for cross-border and international payments.
Regulators and authorities: Commercial Registry (Registo Comercial / IRN), Tax Authority (AT – Autoridade Tributária), Social Security (Segurança Social); banking supervision is carried out by Banco de Portugal.