Portugal is hostile for new small business owners

When you open up a self-employment business you don’t pay tax the first year! Win!

However, then in your 3rd year you pay your first income taxes on your second year. Plus now (drumroll please...) they also charge you taxes for the 3rd year upfront based on your 2nd year income.

So now in one year (year #3) you basically pay income taxes for 2 years. This is absolutely absurd for a small business that has only been around for a short time.