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Madeira

It must be correctly worded in Portuguese and must specify the business that the company will perform in sufficiently accurate terms.

Legislation does not allow a company to define its object using vague or general statements that do not provide sufficient clarification of the business. For example: any commercial or industrial activity permitted by law.

Some reasons for clearly defining the company´s object:

1. Specifies the company´s capabilities;
2. Obligates the managers to act within the object´s boundaries;
3. Binds the company before third parties;
4. Prohibits managers from competiting with the company in any field encompassed by the object.

Examples of valid company objects

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Madeira
Tel.: +351 291 210 200               
Fax.: +351 291 210 209
info@newco.pro

Malta
Tel.: +356 21 223 120
Fax.: +356 21 223 119
info@newco.pro

Madrid
Tel.: +34 654 201 029
info@newco.pro

Lisboa
Tel.: +351 213 430 500
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