Business information

Portugal

Czech Republic

Name

Portuguese Republic

Czech Republic

Capital

Lisbon

Prague

Population

10 467 366

10 827 529

Territory

92 230 km²

78 870 km²

Type of Government

Unitary semi-presidential republic

Unitary parliamentary republic

President

Marcelo Rebelo de Sousa

Petr Pavel

Prime Minister

Luís Montenegro

Petr Fiala

Official Languages

Portuguese and Mirandese

Czech

Currency

Euro (EUR)

Czech Crown (CZK)

Dialling Code

+351

+420

Value Added Tax Rate

23%, reduced rates 13% and 6%

21 %, reduced rate 12%

Corporate Income Tax Rate

21 %

19 %

Corporate Income Tax Rate

progressive rate from 13.25% to 48%

15 %

Gross Domestic Product (EUR million)

265 503

305 966

Gross Domestic Product (EUR per capita)

25 730

28 500

YoY GDP Growth

2,3 %

-0,3 %

Average YoY Inflation Rate

5,3 %

12 %

Unemployment

6,5 %

2,6 %

Minimum Monthly Wage (EUR)

956,67

764,44

Common types of enterprise

• Individual Entrepreneur

• Limited Liability Company (Lda.)

• Public Limited Company (S.A.)

• Individual Entrepreneur

• Limited Liability Company (s.r.o.)

• Public Limited Company (a.s.)

Limited Liability Company

• One or more shareholders (special rules in case of one shareholder only)

• One or more managing directors

• Liability is limited to the share capital

• Minimum share capital EUR 2 (EUR 1 in case of sole shareholder)

• One or more shareholders

• One or more managing directors

• Liability is limited to the share capital

• Minimum share capital CZK 1 for each share

Public Limited Company

• Five or more shareholders

• One or more members of the Board of Directors

• Liability is limited to the share capital

• Minimum share capital EUR 50,000

• One or more shareholders

• One or more members of the Board of Directors

• Liability is limited to the share capital

• Minimum share capital CZK 2,000,000