Opening a Bank Account for a Portuguese Company
Banks accept documents in Portuguese, English and Spanish. For any other language, you will need a notarised translation into English plus legalisation.
Documents required
- Articles of Association
- Extract from the Companies Register
- Extract from the Register of Beneficial Owners
- Scanned passport page of the shareholder or director
- Proof of the shareholder's permanent address (utility bill)
Timeframe: 5 working days, not counting the time to send the original signed bank forms.
Opening a Bank Account for a Foreign Company
A foreign-company account is opened on copies of corporate documents provided to the bank with an apostille or consular legalisation, none older than one year:
- Certificate of Incorporation
- Memorandum of Association
- Articles of Association
- Minutes of the subscribers' meeting, appointment of director or secretary, and current appointments report
- Shareholders' resolution
- Certificate of Good Standing or Certificate of Incumbency (not older than 1 year)
- Summary of company information held at Companies House (not older than 1 year)
- Documents and information on the company's shareholders and directors
Timeframe: from 10 working days, not counting the time to send the original signed bank forms.
Contact MadeiraLab to prepare your file and shorten the process.