Valeria never planned to leave her hometown. She was born here, graduated from high school, found her first job, and, together with her colleagues, set up her own business – a chain of beauty salons throughout Togliatti. Everything was going great, until the problems which haunt many entrepreneurs in Russia, began.
I don’t know who had a problem with the premises I was renting, but they started actively trying to squeeze me out. They started having problems with utilities: they just shut off the electricity, water, and heating for a few weeks. After, it turned out that the premises had problems with registration, which no one had found before. By the time one of the landlords called me and said he had been made a better offer, I had already finally come to terms with the loss of business. Naturally, when we tried to discuss the problems and find out what was going on, no one wanted to talk to us. That’s when I realized something had to change.
I realized that I didn’t want to live in a country where you could be deprived of everything you had earned with your own hands for so long with impunity. I wanted to trust the people I work and live with. Finally, I just wanted a change of scenery. That’s how I came up with the idea of moving.
How to decide to start a business in Portugal
Well, moving is a great idea, but what to do in a new country? Try to start your own company from scratch? Or just get a job and figure it out locally? These questions had been on a girl’s mind for a long month. Every day was spent searching for ways and possibilities: someone advised to go to university or language school, somewhere on the forum, all as one, said that labor immigration – was the best option for the move. But that’s not what it’s all about! Taking a step back in her career just to somehow increase her chances of moving seemed like a terrible idea to Valeria.
– It turned out funny. I hadn’t yet completely decided where I was going to go, but my relatives were already trying to convince me that I should go to a language school in Germany. I don’t know why, but for the older generation in Europe, it’s like there are only a couple of countries, and they just don’t notice the other possibilities.
In the end, it was decided to try to revive the business in another country. At that point, the girl had amassed a good amount of money, so she started looking for opportunities to move on a business visa.
In the process of searching for information about business immigration, Valeria learned that to obtain such a visa, a lot of additional conditions must be met. In addition, not every country offers this to everyone. Even then, Portugal seemed to be the best option of all, but everything finally came to a head when she contacted us and had a consultation.
– I found MoveToCascais completely by accident. I think it was recommended on Instagram. I had considered moving to Portugal before, so I decided to do a trial consultation. It was there that I found out all the answers to the questions that I had been having trouble figuring out lately. That’s when I finally figured out what direction I was going to take.
Listening to Valeria’s story and learning all her wishes about the move, we offered her the perfect option for moving to Portugal: a residence permit for investment in real estate. In the future, the purchased property can be used for setting up business in Portugal or just sold at a better price. Fortunately, the prices in the real estate market in Portugal every year are only growing.
How to decide to start a business in Portugal.
Business registration in Portugal. All about the forms of company registration in Portugal
Let’s take a moment away from Valeria’s story and talk about how the business environment in Portugal works. If you want to start your own business in Portugal we have good news for you: Portugal is the perfect place to do something bold and different.
For you, as a new entrepreneur in Portugal, the easiest option for opening your own business would be the registration of a sole proprietorship or, in other words, a private entrepreneur. This form of registration will provide you with a number of advantages, namely:
- the possibility of completing the entire registration process online;
- no naming requirements for your company;
- advantage on income taxes of 17% for the first 15,000 euros.
Understandably, the self-employed route does not suit everyone, so if you know that your business will expand in the future, it is worth opening an LDA right away. There are the following requirements for this form of incorporation:
- requires at least one shareholder;
- your company name must be unique and often offered in more than one version by the national registry;
- requires compulsory registration of the legal entity with the tax and social security services;
- mandatory accounting.