If we focus on corporate matters, if you wish to create companies to carry out specific activities, as a result of an idea, or business conception, or to change or add activities, add or remove managers, or even add or remove partners, with the technologies that we have in Portugal your Solicitor can request the desired service on your behalf, such as the creation, modification or closure of companies.
When setting up your company, your Solicitor can advise you on the best way to set up the company, which activities are most suitable for your business, as well as the memorandum and articles of association themselves, so that you are protected in the future. It is essential to have a clear concept of the project to be developed and the products to be marketed or services to be provided.
For the company to be viable and profitable, the professional experience of the partners or collaborators should be adequate, as this will be an asset for its sustainability. The market should be studied carefully, as well as your competition.
Your Solicitor can set up your company on the same day without the need to choose an associated trademark, if that is what you wish; or to obtain an automatic business name, a combination of the names of the company partners. Furthermore, it will be guaranteed that all legal formalities have been complied with, both with regard to incorporation and to the remaining obligations of partners and managers.
After creating the company, a bank company account has to be opened and a certified accountant appointed, so you can register the company in the tax authorities.
Then, the declaration of the beneficial owner (commonly known as the RCBE) have to be done up to 30 days after the company's creation, ascertaining who has a direct interest in the company or entity, and identifying the individuals who have ownership or effective control of legal entities, such as portuguese companies, foreign companies registered in Portugal and also associations, foundations and other entities not subject to commercial registration. Note that, even with the shareholders identified, if there are persons who own shares, even if indirectly, they must also be identified in the declaration, as well as those who have effective control of the company.
It should also be noted that, by choosing to incorporate a company through this method, not only will the cost of the register expense be lower, but you will also often be able to benefit from the extended opening hours of a Solicitor's office.