Eternity Law International News Company registration in Portugal

Company registration in Portugal

November 17, 2020

The Portuguese Republic is sited on territory of Iberian Peninsula. This state is in the tenth place in the rating of Europe regarding the procedure of “Companies Registration”. Portugal attracts a large number of entrepreneurs who are focused on doing commercial activities abroad. This happens for a number of the following reasons:

  • low rates for taxation;
  • favorable conditions for the local business environment;
  • low operating costs;
  • government agencies have a positive attitude towards foreign investors.

According to experts, Portugal is new star of the European Economic Area. It is predicted a great financial future.

Main economic sectors of Portugal

  • Tourism
  • Agricultural sector
  • Metallurgical industry
  • Mechanical engineering
  • Textile sector

Types of business-structures in Portugal

Nowdays, the most common organization forms in Portugal are the following:

  • Sociedade anonima
  • Sociedade Limitada

The first option is similar to LLC. So far, this is the most common type of organization. The second option is an analogue of CJSC. This form is suitable for those entrepreneurs who are planning to do large-scale business.

What is demanded to register an Lda?

  • Directors: no less than 1 (no residency demands).
  • Shareholders: no less than 1 (no residency requirements).
  • Participants of enterprise act as the owners of the shares. They bear financial responsibility proportional to the size of share.
  • There are no capital requirements for the firm.
  • The size of each share must be at least one euro.
  • Enterprise is allowed to issue only registered shares.
  • One director manages the firm.

What is required to register Sociedade Aberta SA?

  • Number of participants: minimum 5.
  • The amount of capital is from 50 thousand euros (the amount varies depending on the direction of business).
  • A portion of the capital of 30% must be deposited during registration, the remainder paid over the next five years.
  • A Board of Directors manages the company.
  • The firm is granted the right to issue preference, registered, ordinary and bearer shares.
  • Company’s registrar approves its Articles of Association.

Required documents

  • A detailed description of the business activity that the owners intend to conduct.
  • Name.
  • Statute.
  • Amount of capital and data on shareholders. Each shareholder is required to provide a passport; document confirming the residence; tax payer number. If an individual is a shareholder, you must also indicate your marital status and provide a copy of your spouse’s passport.

You could be interested

Legal regulation of cryptocurrency in Canada

Cryptocurrencies in Canada is as a way of payment, which is noted by a large number of installed bitcoin-ATMs. Canada occupies the second position in the world after the USA. Here, developments are being actively pursued to better comprehend Blockchain technology. To this end, the government develops the digital version of the Canadian dollar. Now...

Open an account for a non-resident in Ukraine

In order for Ukraine to make the transition to the free movement of capital investment, the NBU allowed each entity to open an account in the Ukrainian financial market. Subjects include: non-resident legal entity; foreign funds specializing in investment; a company that manages assets acting on behalf of a foreign investment fund. Client account opening...

Benefits of company registration in Poland

For businesspersons seeking to enter the EU single market, forming a commercial presence in Poland is one of the most appealing variants. The state places the first position in the amount of investment startups in the Central and Eastern EU member-states. Due to its pro-business environment and FDI policy, some 20,000+ jobs have been developed....

Advantages of buying Ready-made PSP companies

An online Payment Service Provider (PSP) is organization that helps entrepreneurs offer online types of assistance for receiving electronic installments by an assortment of payments techniques including credit cards, cash ones, debit cards and payments though banks, for example, direct debit transfer via bank system, and transfer in real time dependent on internet banking. What...

The tax system in Croatia

To run a business in Croatia, each entrepreneur should know exactly what system of taxation is valid in the country and how it works. Thus, this article helps you understand the types of taxes that operate in Croatia and how it works in the frameworks of commercial activity. So it ought to be noted that...

Best countries for asset management

Best countries for asset management in 2020. The global economic downturn caused by the coronavirus has contributed to the fact that many asset owners began to hastily seek out the possibility of saving and protecting their money. If you are considering the possibility of resorting to foreign funds management services, then you have many states...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7