Establishing a company in Portugal involves several legal and administrative steps. Whether you’re an entrepreneur, investor, or expanding a foreign business, it’s important to follow the correct procedures to ensure compliance with Portuguese law.
Here’s a practical overview of the process:
1. Choose the Right Legal Structure
Start by selecting the most appropriate legal structure. Common options in Portugal include:
- LDA (Sociedade por Quotas) – Limited liability company
- SA (Sociedade Anónima) – Joint-stock company
- ENI (Empresa Individual) – Sole proprietorship
2. Reserve Your Company Name
Choose a unique business name and check its availability with the National Registry of Collective Entities (RNPC). This can be done online through their official portal.
3. Draft the Articles of Association
Prepare your Articles of Association, which define the company’s purpose, share capital, management, and governance rules. This will be required during company registration.
4. Obtain a Portuguese Tax Identification Number (NIF)
Foreign nationals must obtain a NIF from the Portuguese Tax Authority (AT) if they intend to be shareholders or directors. This can be done in person or remotely with a fiscal representative.
5. Register the Company
Register your company with the Commercial Registry Office (Conservatória do Registo Comercial). You will need:
- The Articles of Association
- Identification documents of shareholders
- Proof of NIF for non-resident individuals
6. Open a Business Bank Account
Open a corporate bank account in Portugal and deposit the required share capital. Minimum amounts depend on the company structure.
7. Apply for Business Licenses (If Required)
Certain business activities may require licenses or permits. Check with relevant regulatory authorities to determine if your business is subject to additional authorization.
8. Register with Social Security and Labor Authorities
If you plan to hire employees, you must register with:
- Portuguese Social Security to obtain an employer number
- Labor Authorities to comply with employment regulations
9. Comply with Ongoing Legal Obligations
Fulfill ongoing obligations, including:
- Registering corporate resolutions
- Filing annual financial statements with the Commercial Registry
Note: Requirements may vary based on your situation. Contact our team for personalized guidance.