We support our Clients in both their day-to-day needs and long-term strategic plans.
Tax Compliance
Tax Compliance means complying with the tax regulations to which individuals and companies are subject. The objective of Tax Compliance is, therefore, to ensure that the activities and processes adopted are in accordance with the applicable tax legislation.
Compliance with tax obligations (at the level of IRS, IRC, VAT, etc.) by taxpayers is, therefore, of extreme importance as it will avoid situations of non-compliance that generate penalties.
We support our Clients in mapping their tax obligations, as well as in complying with reporting obligations (eg submisson of Form 22, the Simplified Corporate Information (IES), etc.).
TIN and Tax Representation
Having a Tax ID Number (TIN) is essential as it is the identification of the person before the tax authorities in Portugal. Anyone, resident or non-resident in Portugal, who has to pay taxes, who intends to exercise rights before the tax authorities, or who wants to open a bank account must obtain a TIN. Obtaining it should, therefore, be one of the first steps for those who wants to settle or invest in Portugal.
A TIN is also a mandatory requirement for non-resident companies in Portugal to, for example, carry out an isolated act or carry out an activity for a period of less than 1 year.
Another mandatory compliance issue for non-residents in Portugal - and who reside in a country not member of the European Union (EU) and the European Economic Area (EEA) - is the appointment of a tax representative with tax residence in Portugal, if they are to be subject to a tax relationship (e.g. owning a vehicle and/or a property in Portugal, carry out an activity on their own account, etc.). The same obligation is imposed to a Portuguese citizen who, for any reason, changes his tax residence to a country outside the EU or the EEA.
We take care of obtaining a TIN and ensure tax representation for our Clients.
Tax Advisory
We provide comprehensive tax advice and counseling on a wide range of tax related issues such tax benefits and incentives, qualification for specific tax regimes (eg Ex-Residents).
After analyzing a set of information and documents we will evaluate potential tax optimizations that our Clients can achieve, through the adoption or adjustment of certain behaviors and the way they manage and organize their lives and activities.
Our advice may focus on, for example, optimizing corporate payroll, planning asset management (including real estate) or restructuring operations.
Non-Habitual Resident
The Non-Habitual Resident (NHR) regime was created by the Portuguese Tax Authority with the aim of attracting to Portugal qualified non-resident professionals in high value-added activities or intellectual, industrial or know-how property, as well as beneficiaries of pensions obtained abroad.
The NHR program was officially revoked as of January 1, 2024. However, certain individuals may still be eligible for NHR status under a transitional regime. This includes existing NHR beneficiaries, individuals who became tax residents in Portugal before 2024 and other exceptional situations.
We assist our Clients with the eligibility assessment, preparation and submission of the NHR application, and with the monitoring of the respective process.
Business Valuation
Business valuation plays an important role for entrepreneurs and investors who wish to buy or sell companies, engage in mergers or spin-offs, implement a business plan, or simply look to determine the worth of their enterprise. The objective of business valuation is to ascertain the fair market value of a company.
Through a comprehensive financial analysis and a thorough assessment of the company's type, size, and core business, we assist our Clients in identifying said fair market value by using the valuation methodology(ies) most suited to each specific case.