We help set up companies operating in a wide range of activity sectors, both in Portugal (including the Island of Madeira) and in Malta. Setting up a company is the first step in starting an activity in a new country but there are various additional formalities that need to be fulfilled for the company to be fully operational and meet all of legal and fiscal requirements of the country in question.
How do you start a company?
These days, setting up a company, whether in Portugal or Malta, can be done in a short space of time, as long as: the proper legal and fiscal framework of the intended business activity has been dealt with; and all of the necessary documentation has been gathered in respect of the regulations governing money laundering and the prevention of terrorism. After validation of the framework for the activity, the type of company, the intended corporate structure and the applicable tax regime, NEWCO gathers, organises and processes all of the information and documentation needed to form the company, obtain any necessary licences and start the activity.
Steps for setting up a company
Before setting up a company it is important to understand the framework for the activity and all of the regulatory, legal and fiscal obligations that the company will be bound by in the country where it will be operating. In preparation for forming a company, NEWCO gathers the relevant information about the company's activity and requests the necessary documentation to ensure compliance.
The next steps involve the approval of the company's name, the drawing up of its memorandum of association and the application for any licences that may be necessary before taking care of the company registration process. After you form a company, NEWCO also assists you with drawing up minutes, social security registration and all the other formalities inherent to starting a business activity in Portugal or Malta.
Company registration is done at the Conservatória do Registo Comercial, in Portugal, and at the Registrar of Companies, in Malta. These are the bodies responsible for issuing the registration certificates and other corporate documents, as well as the depositories for companies' annual accounts.