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Looking for accountant for online business

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Posts: 7
Premium Member
Topic starter
(@adrian0)
Active Member
Joined: 3 months ago

Hi,

new member here.

I'm looking for an accountant that could help us set up our online business. We're moving from Ireland. 

Is there a specialized accountant that someone's perhaps using, or is any acc. good for that?

Thanks for any insights

6 Replies




Posts: 192
Premium Member
(@itexpert7)
Estimable Member
Joined: 1 year ago

Is your company based in Ireland? Or are you starting a new company in Portugal?
My company is based in the UK, the whole point of the 0% tax NHR is to be based abroad.
I wish I had my company in Ireland, only 12.5% corporation tax! (And 0% personal dividend tax for shareholders based in Portugal under NHR)

Reply




Posts: 7
Premium Member
Topic starter
(@adrian0)
Active Member
Joined: 3 months ago

I'm a sole trader in Ireland. Still trying to work out how to do it properly tax-wise. 

I guess I should be looking more into getting a company set up here and not in PT.

Reply




Posts: 192
Premium Member
(@itexpert7)
Estimable Member
Joined: 1 year ago

If I was you I would open a Ltd company in Ireland. I looked into doing it in Ireland but all 3 advisors I asked told me I cannot really do it, if I don't live in Ireland or have office or income in Ireland (the VAT registration was the biggest stumbling block). If you can do it, that will be fantastic!

Then you can move to Portugal and opt for the NHR. Which is 0% tax for dividends coming from abroad. Which is an amazing enviable position to be in! As long as your sales/income is not from Portugal but outside. I think there is a big dividend withholding tax on Irish dividends, I googled about that, and it may not applicable to non-Irish residents (that's what the big US companies do in Ireland). Get a good accountant/advisor in Ireland. They give free meetings, I got one myself, only to be told it's not doable for me, as I'm not there.

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Posts: 7
Premium Member
Topic starter
(@adrian0)
Active Member
Joined: 3 months ago

Thanks, that's sound advice. We're going to Portugal next month to see where we want to settle. 

In the meantime, I'm arranging Zoom calls with accountants here and there to hear what they've got to say. 

12.5% is the best option and social contributions are far lower than in PT as well. 

Reply




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