Setting up a Business in Portugal

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
The "sociedade por quotas de responsabilidade limitada (Lda)" is a limited liability company.
 
 
5 000 EUR minimum, entirely taken up, with the obligation to release at least 50%.
2 partners minimum, just one in the case of an individual businessman.
 
 
Liability is limited to the amount of capital contributed.
Fixed registration fee of EUR 360 + 0,4% of the capital.
The "sociedade anonima de responsabilidade limidada (SA)" is a public limited company.
 
 
50 000 EUR minimum, entirely taken up, with the obligation to release at least 30%.
5 partners minimum; they may be foreigners and non-residents.
 
 
Liability is limited to the amount of capital contributed.
Fixed registration fee of EUR 360 + 0,4% of the capital.
The "sociedade em nome colectivo" is a general partnership.
 
 
No minimum capital.
2 partners minimum
 
 
Liability is joint and indefinite regarding third parties.
Fixed registration fee of EUR 360 + 0,4% of the capital.
The "sociedade em comandita" is a limited joint-stock partnership.
 
 
No minimum capital.
2 partners minimum, with active partners and silent partners.
 
 
Liability is indefinite for active partners, and limited to the amount of capital contributed for silent partners.
Fixed registration fee of EUR 360 + 0,4% of the capital.
 
 

Business Setup Procedures

Administrative Formalities
Firstly, it is necessary to request authorization from the Registo Nacional de Pessoas Colectivas (national register of commerce) to use the name of the company. The present government has created a fast system for creating companies managing other procedures concerning them. For further information, click here.
The Competent Organization
Business Formalities Centres (CFE)
Time Necessary for Registration
Creation can take place immediately using the " empresa na hora" program (A company in 1 hour).
 

Recovery Procedures

Principle
Within the framework of the safeguard scheme, two legal decisions are generally made:
- being put into receivership, a state where payment stops, it is impossible to face the liabilities due with the current assets.
- compulsory liquidation, a persistent state where payment stops and receivership is manifestly impossible.
Minimum Debt-to-Capital Ratio Triggering Liquidation
No minimum
Reorganization and Rehabilitation Laws
Company insolvency and recovery Code

Any Comments About This Content? Report It to Us.

Read more See less
Experts Views (3)
Hot Tips (1) Go Top
Post your content

WANT TO APPEAR ON THIS PAGE?

Post content about Setting up a Business in Portugal and you will be listed here to receive requests for offers.

Contact our expert contributors
  • KPL Markets

    Trade Support In Portugal, Portugal

  • Inspired Multi Dimensional Services...

    Multi Service, Sales, Supply, Sourcing, Trade , Nigeria

  • CDCONTAS Contabilidade

    Accounting, bookkeeping, Portugal