If you’re setting up a company in Portugal, here are some key facts you need to know:

✅ Every company must have at least one manager (gerente).
✅ Company managers are required to pay Social Security (Segurança Social).
✅ If a manager is already paying Social Security in another EU country, they can request an exemption in Portugal. However, this requires proof with an A1 form, which must be renewed every year.
✅ Fiscal Number (NIF) ≠ Social Security Number (NISS) – these are separate and serve different purposes.

Make sure your company stays compliant! For more details, consult a financial expert.