Closing a company in Portugal
One of the main forms of companies for small and medium-sized businesses is Sociedade Limitada, Lda / Sociedade por Quotas, Lda. Opening such a company is also the most popular way for foreigners to do business in Portugal from another country.
However, sometimes, for various reasons, there are grounds for terminating such a company. The complexity of the liquidation procedure directly depends on whether the company is active, how long ago it ceased its active operations, and how well its accounting was kept. Therefore, it is advisable to entrust the liquidation procedure to an experienced lawyer.
First Legal Portugal provides professional advice and support for the liquidation procedure of Sociedade Limitada, Lda / Sociedade por Quotas, Lda.
LIST OF DOCUMENTS REQUIRED FOR THE LIQUIDATION OF SOCIEDADE LIMITADA, LDA / SOCIEDADE POR QUOTAS, LDA:
- Liquidation protocol with the appointment of a liquidator;
- Declaration of termination of activities submitted to the Tax Authority;
- Final VAT and corporate income tax (IRS) returns;
- Liquidation report and financial statements approved by the shareholders;
- Confirmation of compliance with social security contribution obligations.
First Legal Portugal's specialists will advise you if you are considering closing your company and will help you with the liquidation process.
If the company has not been operating for a long time and has no assets or debts, the liquidation can be carried out using a simplified procedure.
In this case, the following documents will be required:
- Social pact (articles of association) of the company;
- Company certificate (Certidão permanente);
- Balance sheet without assets or liabilities.
