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How do I estimate transaction volumes and describe international relationships?

  • Updated

For SMEs (Small and Medium Enterprises)

Estimating Annual Transaction Volume

  • Provide your best estimate of the total annual volume of transactions, including all incoming and outgoing payments you expect for your business.
     

Describing International Relationships

  • Declare any business, tax, or supplier relationships outside Portugal.
  • For each international tie, specify:
    • Countries involved
    • Type of relationship (e.g., client, supplier, tax authority)
    • Frequency of transactions (e.g., monthly, quarterly)

       

For Self-Employed Workers (Trabalhador Independente) and Sole Proprietors (ENIs)

Estimating Annual Transaction Volume

  • Estimate the total annual amount of business income and expenses that will pass through your account.
     

Account Usage Percentage

  • Indicate what percentage of your total freelance income you expect to manage via Qonto.
  • If you’re unsure, select the closest range and use the comments to explain your estimate.
     

Declaring International Relationships

  • Tax residency: List any countries where you pay taxes or are considered a tax resident.
  • Business relationships: Include any countries where you have clients, suppliers, or receive payments.
  • For each, specify:
    • Country
    • Relationship type (client payments, supplier costs, etc.)
    • Frequency of these transactions