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In the private limited liability companies

Office of managers continues up to termination by removal or resignation, without prejudice to the fact that the company’s memorandum or the act of appointment provides the duration of same.

 

In the public limited liability companies

The members of the board of directors are appointed for a term established in the company’s memorandum, which cannot exceed a time period of four calendar years, the calendar year when the directors have been appointed being counted as a full year; should such term not be established in the company’s memorandum, the appointment is considered as having been made for a time period of four calendar years, re-election being then allowed.

Although appointed for a fixed term, the members of the board of directors shall remain in office up to a new appointment.

How we help our clients

NEWCO is an inward investment services provider specialized in the implementation of foreign investment in Portugal and Malta. With 30 years of experience and know how, we help our clients maximize the opportunities and minimize the risks of operating in a new country, allowing them to stay focused on their business. Contact us to find out how we can help you invest or relocate into Portugal, including Madeira, or Malta.

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