2020 - e®legal

TABLE OF CONTENTS CHAPTER I: Introduction CHAPTER II: Types of Business Entities CHAPTER III: Steps and Timing to Establish CHAPTER IV: Governance, Regulation, and Ongoing Maintenance CHAPTER V: Foreign Investment, Thin Capitalization, Residency and Material Visa Restrictions I. INTRODUCTION Portugal has circa 10,3 million resident inhabitants and most of its population lives in sunny coastal areas. Important cities include the capital Lisbon, Porto (in the north), Coimbra (in the center), Faro (in southern Algarve), as well as Ponta Delgada (in the Azores) and Funchal (in Madeira). Portugal is a Republic since 1910, having in force the same Constitution since 1976. The President, the Parliament, the Government and the Courts are the representatives of the sovereign country, and both the President and the Parliament are chosen through general democratic elections. The Government is normally formed by the party who wins the election for Parliament. The Constitution separates the Legislative power, which is generally attributed to the Parliament, the Executive power, which lies with the Government and the Judicial power, which is left to the Courts. Portugal entered into European Union in 1986, is part of the Schengen area and adopted the Euro since its creation, as result of an integration process … Read More