The last decade has seen an ever-increasing interest in Portugal, not only in terms of tourism, but also entrepreneurship, including business in the financial sector. The country provides quite favourable conditions for setting up and registering new companies as well as obtaining the necessary financial permits. The main requirement is to fulfil the precisely defined conditions set by the relevant authorities. The regulators of the financial sector in this country are the Bank of Portugal and the CMVM (Portuguese Securities Market Commission), which is a special commission for the securities market.
In order to establish a company in Portugal, including one that will provide various financial services, you have to:
- prepare statutory and other documents, namely: passport copies, specimen signatures and completed special forms for company registration;
- confirm the existence of a registered office located on the territory of Portugal;
- appoint an accountant;
- open a bank account in this country;
- pay the relevant fees.
