12 steps to incorporating in Portugal

Forming a company in Portugal can be completed in an average of three weeks. Our Client will issue a Power of Attorney (PoA) to Healy Consultants Group PLC’s Portugal business incorporation agent, who will then complete all procedures on the Client’s behalf, including opening a corporate bank account without our Client travelling to Portugal. The typical procedures are as follow:
business incorporation guides in Portugal

Pre-incorporation planning

  1. Consultation: Before we proceed, our Client i) settles Healy Consultants Group PLC engagement fees ii) signs our Client Engagement letter and iii) provides us the requested due diligence documents;
  2. Corporate structure: Our Client and Healy Consultants Group PLC agree on the optimal corporate structure for the company, including shareholders and directors;
  3. Project plan: Healy Consultants Group PLC drafts a detailed project plan mapping out, week by week, each step to engagement completion, optimising transparency and setting our Client’s expectations;
  4. Power of Attorney: Healy Consultants Group prepares a draft PoA in Portuguese and English and sends to our Client for review, signatures, attestation at the Portuguese Embassy and courier to our affiliate office in Lisbon;
  5. Name reservation: Healy Consultants Group PLC’s incorporation team applies for a name approval certificate with the Portuguese Institute of Registries and Notaries;

Incorporation procedure

  1. Personal tax numbers: Healy Consultants Group PLC proceeds to secure personal tax numbers for the proposed directors of the new Portuguese company;
  2. Company incorporation: Upon receipt of personal tax numbers, Healy Consultants Group PLC submits a complete company incorporation application to the National Registry of Collective Entities and receives a certificate of incorporation;
  3. Tax number: During the incorporation process, Healy Consultants Group PLC also applies for a Corporate Tax Identification Number for the company;

Post-incorporation procedure

  1. Accountant appointment: If needed, Healy Consultants Group PLC may assist our Client with appointing a local accountant who will act as tax representative and who will handle book keeping and tax filing on behalf of our Client;
  2. Bank account: Healy Consultants Group PLC’s banking team assists our Client to open a corporate account in Portugal. Our Client will sign the bank forms and courier back the same to our Lisbon office within 30 days. Bank proceeds to activate the account;
  3. Tax declaration: If our Client’s company director will not be receiving salaries from the new company, Healy Consultants Group PLC declares the same to the Tax Authority to avoid paying social security tax;
  4. Engagement completion: Healy Consultants Group PLC couriers a company kit folder to our Client’s preferred international address, containing the original corporate documents, unopened bank correspondence and a Client feedback survey.

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Contact us

For additional information on our company incorporation services in Portugal, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon
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