Portuguese Lda Company — A Guide for Danes

Portugal has become a popular choice for Danes moving south or looking to do business in Southern Europe. The most common company structure is the Sociedade por Quotas (Lda) — a private limited company equivalent to a Danish ApS.

What are the requirements for an Lda?

• At least one shareholder (Unipessoal Lda), or multiple shareholders.
• Nominal minimum share capital — effectively from €1 per shareholder.
• A Portuguese tax identification number (NIF) for all shareholders and directors.
• A registered address in Portugal.
• A certified accountant (*contabilista certificado*) is legally required.

Tax

The standard corporate income tax (IRC) rate is around 20%, with a lower rate on the first portion of profits for small businesses. Municipal surtaxes apply in addition. Madeira offers a special regime with a lower rate, but it requires a genuine local presence and employees.

Who is it suitable for?

• Danes who actually relocate to Portugal.
• Businesses with customers or operations in Portugal and Spain.

If you still live in Denmark and manage the company from there, it will generally be subject to tax in Denmark. Read more about permanent establishment and place of effective management.

Frequently asked questions

Can a Danish citizen own a Portuguese Lda?

Yes. You simply need a Portuguese NIF number, which can be obtained through a representative.

How quickly can it be set up?

Once the documents are ready, it typically takes 1–3 weeks, including obtaining a NIF and opening a bank account.

Do I need an accountant?

Yes, a certified Portuguese accountant is legally required for all Lda companies.

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