The
Portuguese economy
has had some
difficulties
in keeping pace
with the rest
of the European
Union and its
gross domestic
product remains
significantly
below the EU
average. This
doesn’t mean
Portugal is
a poor prospect
for international
investors -
far from it.
A natural hub
for trade between
Europe and the
Americas, Portugal
has an open
economy and
actively seeks
to attract foreign
investment.
REQUIREMENTS
If
the new
company
has only
one shareholder,
then the
option is
to set up
a Single
Shareholder
Limited
Liability
Company.
Minimum
share capital
is €5,000.
This needs
to be transferred
as soon
as the bank
account
has been
set up.
You
will need
to go over
to Portugal
to sign
documents
with the
notary and
to sign
forms for
the bank
account.
FEES
Company
formation,
bank account
set up/assistance
and VAT
registration:
£2,968.90
ex. VAT.
TIMESCALES
The whole
process
takes approximately
three weeks
(dependant
upon quick
supply of
information).
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
plus deposit
refundable
within 30
days of
termination
of office
contract.
A one-off
set up/administration
fee will
also be
required
here: £150.
Serviced
office:
cost as
per requirement.
ACCOUNTANCY
Quote
based upon
approximate
number of
monthly
invoices
and projected
annual turnover.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
Payment
of the company
formation
cost.
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
