Open a Financial Company in Portugal
The financial services in Portugal are diverse and not limited to banks whether local or established with foreign capital. Opening a company in the insurance field or in any non-banking sector is often the business solution for many entrepreneurs looking to generate profits in this highly appreciated sector. In order to understand the business conditions in Portugal, we invite you to direct your questions to our company incorporation agents in Portugal. Our team can handle the registration process of a firm in Portugal and can act on your behalf in matters of company formation and many more.
Types of financial companies in Portugal
Instead of banking activities, entrepreneurs from overseas can decide on several types of financial operations linked to the brokerage and insurance companies, or even financial counseling services provided to firms in Portugal. Mortgage companies, investment banks, credit companies, and loan associations are also suitable business options for those entrepreneurs looking to incorporate a company in the financial sector in Portugal.
What are the conditions for opening a financial company in Portugal?
A financial business in Portugal may operate on the market under the regulations of a limited liability company, one of the preferred structures that suits the needs of the foreign investors. Here are a few of the requirements of a financial company in Portugal that should be in the attention of businessmen looking to set up such firm:
- • the financial companies must respect the rules of the National Bank of Portugal (Banco de Portugal);
- • a business license for financial operations is issued by the Securities Market Commission in Portugal;
- • for financial activities on the internet (online banking for example) you must register the website you wish to activate;
- • the registration for tax purposes is also a mandatory condition.
Can I establish a partnership for opening a financial company?
Yes, a financial firm in Portugal can be registered as a partnership if two or more members decide on this form of business. The liability in the company depends on the personal assets which can be used in the case of debts in the firm.
If you have decided for a financial company in Portugal, we suggest you contact our team of company formation agents in Portugal and ask for assistance and details.
