A joint stock company in Portugal can activate under the limited liability company structure, one of the most popular in this country. If you want to open a company in Portugal and select this type of structure, our local specialists can provide support with the formalities involved. In the following lines, you can find out information about joint stock companies in Portugal and the way of registration.
| Quick Facts | |
|---|---|
| Reasons to choose and register a joint stock company in Portugal | Great choice for large projects and investments in Portugal |
| Registration authority | Portugese Commercial Registry |
| Legislation | Company Act in Portugal |
| Minimum share capital | EUR 50,000 |
| Requirements for JSC in Portugal | – reserving the business name, – preparing the Articles of Association, – registering for taxation and social security, – registerind a deed of incorporation, etc. |
| Management of a Joint Stock Company in Portugal | 3 management structures as follows: – general meeting and director; – general meeting, director, supervisory board; – general meeting, board of directors, supervisory board, and company secretary. |
| Business office required for a JSC in Portugal (YES/NO) | YES |
| Number of directors | At least one director is required. |
| Company secretary required | Only for listed joint stock companies in Portugal |
| Applying for TIF in Portugal | TIF is the tax identification number issued at the time the JSC is registered for taxation in Portugal. |
| Board of executives meeting requirement | At least once per year |
| Corporate income tax rate in Portugal | 21% |
| Dividend tax rate in Portugal | A flat rate of 28%. However, taxpayers may choose marginal rates varying between 13.25% and 48%, plus a solidarity tax rate, as the case may be. |
| Time frame for registration | Around 2 weeks or less |
| Working with our Portuguese agents | Our team can manage the formation process of a joint stock company in Portugal and represent clients in any of the procedures involved. |
The first thing you should do is choose the business structure. In this case, you can opt for a joint-stock limited liability company. Here is what needs to be done next:
Therefore, if you are interested in opening a company in Portugal and more specifically a joint stock company, you can use the services offered by one of our specialists in the field. We advise you to start this process with us, in order to benefit from complete services and a quick start on the market, with optimal services at hand.
Opening a joint stock company in Portugal is an uncomplicated process, especially if you call for specialized help. In this approach, it is necessary to appoint directors, and in this case, there are no restrictions regarding their nationality or residence. However, it is necessary for them to have a TIN, i.e. tax identification number.
It is good to know that, in the case of directors of a joint stock company, it is necessary to sign jointly with one other director for binding powers at the time of incorporation.
As for the company secretary, only listed companies must have a company secretary, so if your joint stock company in Portugal is listed, you must consider this aspect. The founding documents need to mention, through a written resolution, that the company has a secretary.
You might want to know more about directors and company secretaries for joint stock companies in Portugal from our specialists.
If you are interested in Portugal as a future investment destination, the following statistical information might attract your attention:
Would you like more about how to open a joint stock company in Portugal? You may contact our local specialists for assistance in this sense. We can help you with company formation in Portugal and related procedures.
