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A public
shareholder limited company (Sociedade
Anónima SA)
in Portugal is suitable for large businesses possibly
with international interests. This type of company
requires a minimum of five partners and is essential for
companies who wish to have their shares listed on the
Lisbon Stock Exchange.
The
minimum capital required to start a
Sociedade Anónima
is 50,000€ and the share value must not be less than one
cent each. The procedures of incorporation of a
Sociedade Anónima
in Portugal are similar to that of a limited company,
though there are additional regulations and financial
commitments to be made.
At least
30% of the share capital must be lodged in a credit
institution (usually Caixa Geral dos Depositos) before
the final registration of the Articles of Association.
The
financial obligations of a
Sociedade Anónima
shareholder are different to other limited companies in
that they are liable only for the amount contributed.
The
incorporation of a
Sociedade Anónima
is partly made in private and partly by public
subscription. The shares represent the capital of the
company and cannot be valued at less than their nominal
value. |
