According to relevant regulations in Portugal, immigrants to Portugal can start businesses and engage in commercial activities. Such companies are known as private limited companies in Portugal and are governed by the Portuguese Companies Code. Therefore, establishing your own company after immigrating to Portugal is not a difficult task.
After immigrating to Portugal, the main steps to establish a company are as follows:
I. Obtain a certificate of approved company name from the Commercial Registry.
II. Approve the articles of association, resolutions of the management body, appointment of managers, and execute the private agreement for the incorporation of the company.
Required legal documents include:
(1) Certificate of approved company name
(2) Identification documents of the partners
Documents required for Portuguese nationals:
(1) Identity card
(2) Tax card
Documents required for other foreign nationals:
(1) Copy of passport
(2) Portuguese tax card
Requirements for Portuguese companies:
(1) Tax identification number
(2) Commercial registration certificate
(3) Resolution of the shareholders' meeting participating in the establishment of the new company
Requirements for foreign companies:
(1) Portuguese tax identification number of the foreign company
(2) Resolution of the shareholders' meeting participating in the establishment of the new company
III.
1. Share capital (statutory minimum of 1 Euro)
The capital is divided into "quotas," with the minimum face value of each "quota" being equivalent to 1 Euro. "Quotas" should be registered at the Commercial Registry and do not have physical form. "Quotas" can be transferred according to a private agreement and cannot be presented on a stock exchange. Such companies have the right to restrict the transfer of their quotas and have rights of first refusal.
2. Execution of share capital
Deposit the company capital in a bank account representing the company's establishment (the client must provide a deposit receipt for the share capital). Company registration is required before commercial registration, followed by the publication of its articles of association on the official publication website.
Required legal documents:
(1) Private agreement for the establishment of the company
(2) Certificate of approved company name
IV. Declaration of commencement of activity for the new company before the Portuguese Tax Authority.
V. Company tax card with tax identification number (NIPC) and social security number (NISS) provided by the Commercial Registry.
