Detailed Product Description

Company Type	Time to Incorporate	Cost
Lda	2 weeks	∈3800

Limited Liability Company - Sociedade por Quotas (Lda)

Are the most popular vehicles for carrying on business activities by local and foreign investors, most companies operating in Portugal are Sociedade por Quotas - Lda. The main feature is:

• There are no restrictions on the percentage of foreign ownership allowed in a Portuguese company - therefore, it is possible to incorporate a company which is totally owned by non-residents whether corporate or individual.

Time to Incorporate

Portugal now has 'Empresanahora' which means it takes one hour for all the formalities (tax, bank, social security etc.)  in one location.Then you have five days to open a bank account and fifteen to register with the tax office.

Directors

Only one director is required and the director can be of any nationality and be resident anywhere.
Companies incorporated anywhere can also act as director.

Company Secretary

Portuguese company must appoint a company secretary, who may be a person or a company. Our incorporation fee allows for a resident secretary.

Registered Office

All Portuguese businesses need a registered office where the authorities can send official letters and claims, as well as where control of the tax forms is executed. All financial and fiscal documents, registers, company papers etc. must be kept at the registered office of the business. We can provide a registered office for our clients.

Share Capital

For private limited companies, the minimum share capital is 5000. Separate classes of shares with different rights to dividends are permitted,subject only to any restrictions in the company's Articles of Association.

Required

In order to incorporate a Sociedade por Quotas - Lda the following documents are required:

•  The Directors' full name, date of birth, address and their nationality.

•  Shareholders' full name and address

•  The objects of the company, specifying the the principal activity

•  Company Name

•  The amount of capital and the number of shares subscribed to each member.