Shelf Company in Portugal

There are many ways to invest in Portugal, being a country full of potential for foreign entrepreneurs. Setting up a brand new business can be profitable as the business environment is welcoming and the workforce is skilled and productive. Therefore entrepreneurs have interest in commencing business here and search for the simplest way to obtain what they desire. A Portuguese shelf company is the simplest and most importantly fastest way to commence business in Portugal. A shelf, or readymade company is a business entity already incorporated and registered in Portugal with or without previous activity.

In order to acquire a Portuguese shelf company the shares of the company must be transferred to the buyer. For this purpose a share transfer agreement is required to be signed by both parties and authenticated by a notary. The future shareholder should provide identification documents and acquit the previously established value in order to obtain the receipt of payment.

After the conclusion of the share transfer the new shareholder is in control of the company and modifications can be made. The owner of the company may change the address, name of the company, bank representative, add or change object of activity etc. also the new Board of Directors, the management of directors must be registered. After the new Articles of Association are completed and signed they must be registered with the Commercial Register of Portugal along with any other changes made.

In Portugal shelf companies, even if not very common, can be varied. Aged shelf companies imply previous activity and usually they are more expensive as the ones without previous activity, mostly due to the trust gained. These companies have to be thoroughly verified and the entrepreneur must be informed on their previous activities assets, or possible debts. Entrepreneurs who wish to create their own name are free to do so by choosing brand new shelf companies and transfer their shares.

Share transfer of shelf companies is not a very common practice, however entrepreneurs who choose it are rarely dissatisfied. There are plenty of Portuguese shelf companies, with varied objects of activity from which to choose, and the biggest advantage is represented by the avoidance of the complex process of incorporating a brand new company and the immediate commencement of business.

BridgeWest is able to offer VAT-registered Portuguese shelf companies headquartered in Portuguese major cities per the requirements of the clients.

BridgeWest offers company formation in Portugal, including virtual office and other related services.