10 steps to incorporating in Portugal

Forming a company in Portugal can be completed in an average of three months. Our Client will not have to travel to Portugal, by issuing a Power of Attorney to the Portugal business incorporation agent who will them complete all procedures on his behalf, including the opening of a corporate bank account in Portugal for the company. The typical procedures are as follow:
business incorporation guides in Portugal

  1. Before Healy Consultants proceeds with incorporation of the Portuguese company, our Client i) settles Healy Consultants’ engagement fees ii) signs our Client Engagement letter and iii) provides us the requested due diligence documents;
  2. Our Client and Healy Consultants then reach an agreement regarding the optimal corporate structure for the company, including shareholders and directors;
  3. When the corporate structure is finalized, Healy Consultants drafts a detailed project plan enumerating all procedures required to incorporate the company in Portugal. This plan will map out, week by week, each step to engagement completion, optimizing transparency and setting our Client’s expectations;
  4. Healy Consultants’ incorporation team apply for a name approval certificate with the Portuguese Institute of Registries and Notaries;
  5. After corporate structure is agreed, Healy Consultants requests a Portuguese Tax Identification Number to the National Registry of Collective Entities. If needed, Healy Consultants may assist our Clients with appointing a tax representative who will fill and pay tax on behalf of our Client;
  6. Healy Consultants’ banking team assists our Clients to open a corporate account in Portugal. Our Client will deposit at least the company’s share capital into the bank account, with a minimum deposit required at incorporation of i) €15,000 for a PLC or ii) €1 for a LLC. The bank will then provide Healy Consultants with a certificate of deposit. If required, Healy Consultants will be pleased to assist our Client with activating the internet banking facility;
  7. Thereafter, Healy Consultants will i) submit the company’s M&AA to the National Register of Legal Entities and provide our Client with a commercial registry certificate and ii) notify Social Security and tax authorities of the commencement of operations;
  8. Healy Consultants will buy i) the company and accounting books and ii) the company’s open books (mandatory to draw-up shareholders’ and corporate bodies resolutions);
  9. All employers in Portugal need to subscribe to an employee’s accident compensation assurance. Healy Consultants will be pleased to assist our Client with finding the right private insurer;
  10. Following engagement completion, Healy Consultants couriers a company kit folder to our Client’s preferred international address, containing the following corporate documents including original corporate documents, unopened bank correspondence and a Client feedback survey to assess the quality of our Portugal business incorporation services.

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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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