Details of Forming a Limited Liability Company (LDA/Limitada) in Portugal
There are a number of reasons why Portugal is such a popular place for people all over the world to incorporate, including;
- Low Capitalisation Cost –At least Two Euros is required. Capitalisation is often not factored in when assessing start-up costs so can be an unwelcome additional outlay. There is no need for this to be the case when choosing a Portuguese LDA.
- Corporate Directors and Shareholders are permitted – Directors and Shareholders can be individuals or corporate entities and they may reside anywhere in the world. However, where a legal entity is appointed as Director, an individual representative of that corporate entity must be registered with the authorities.
- No requirement for a Company Secretary.
- Public Register of Directors and Shareholders
- Maintaining annual accounts, ready for submission upon request by the authorities, is necessary, immediately following incorporation. The Fees in relation to this are £4,500.00 annually, commencing by the end of the first month following incorporation.
Portugal Offshore Company Formation £4090 + Vat
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| Services Included | Year 1 | Year 2 onwards |
|---|---|---|
| Incorporation | N/A | |
| Accounting Data Address | Optional Extra | |
| Director & nominee service | Optional Extra | Optional Extra |
| Estimated renewal costs in year two: £1,290.00 |
In order to incorporate your Portuguese LDA, these are the steps that must be followed;
- Place your order – You need to use a Company Formation Agent to submit the necessary documentation to the Registry on your behalf. Payment needs to be made to the Registry on submission of the registration documents so our fee must be paid when the order is placed.
- Meet the Anti Money Laundering Requirements – In order to meet Anti Money Laundering Requirements we need to obtain a certified copy of the passport and current utility bill of each of the owners and shareholders. This is required even if you are using our Nominee Service.
- In order to enable Remote Formation, the directors and Shareholders will need to sign a Power of Attorney in the presence of a Notary Public, which must then be apostilled, along with their valid passports. Please note however, that it is a mandatory requirement to open a Business Account in Portugal immediately following incorporation. A recommendation for a Bank will be made to you, but a physical visit may be required to the bank, to open the account.
- Documents are issued to you – Once the Registry has incorporated the company, we will issue you with the Certificate of Incorporation, Operating Articles, Shareholder Certificates and all other company documents as required by Law. These documents can then be used to open a bank account for the company.
Banks:
A member of our banking team will be able to advise on a suitable offshore bank account for this Company formation.
N.B. Banking does not have to be in the jurisdiction of incorporation and this cost can be reduced substantially by our placing of offshore banking in other overseas jurisdictions.
Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.