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- Salaries & Wages in Portugal for various jobs and historical data of household income & expenditure.
- Company formation in Portugal requires completing some actions before the company is ready to begin its activity. It is necessary for a new company registered in.
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Set up a Company in Portugal. Company formation in Portugal requires completing some actions before the company is ready to begin its activity. It is necessary for a new company registered in Portugal to draft the articles of association and all other documents, such as passport copies, specimen signatures and special forms. Some public notary procedures also must be taken care of, as well as finding a registered office for company registration in Portugal.
An accountant and a bank account are mandatory for company formation in Portugal. The LDA must be established by at least two founders with a minimum share capital of EUR 5,0. All the shareholders must bring a contribution to the capital and their liability is limited to that contribution. The management is assured by a director appointed by the general meeting of the shareholders, the supreme authority in the Portuguese LDA. At least five shareholders are necessary to incorporate this type of business and their liability is limited to their contribution to the capital. In this type of Portuguese business, the management is assured by a board of directors which is monitored by a supervisory board, both invested by the general meeting of the shareholders.
They are equally responsible for making decisions in the name of the entity and can manage the company. No minimum share capital is necessary for this type of business. The founder of such company is liable with his own personal assets for the entity’s debts. Also a preapproved name can be elected from the RNPC data base. When receiving the above, the Portuguese authority will deliver the corporate tax number, the company's social security number and the declaration of commencement of business activities. As a matter of fact, Portugal is an important partner in international trading.
Besides, Portugal is well- known for its production of cork, oak and olive oil. Moreover, foreign investors willing to set up a company in Portugal can ask for help at the Agency for Investments and External Commerce in Portugal in order to find out more about the company formation in Portugal. The main investors in Portugal are: Germany, UK, Spain, France and the Netherlands.