A Portuguese company may transfer its head office to another country as long as the law of said country allows such re-domiciliation. The company, upon such re-domiciliation, shall keep its legal personality.
The partners of a Company in Portugal may be individuals or companies. Since in Portugal there are no restrictions to the transfer of capital nor to the distribution of profits or dividends, non-resident Partners are allowed.
Managers and directors of companies in Portugal are appointed or removed by the shareholders. They shall be responsible for the sound management of the Company, in full Compliance of the legislation and regulation in force in Portugal.
Portuguese companies must abide by the Code of Commercial Companies, that defines the legal form of the entities and regulates all the formal and operating aspects of the companies and respective intervening parties.
The members must agree to amendments to the articles of association. Know more examples of statutory changes such as capital increases, termination of quotas, among others.
All industrial activities require licensing, so to guarantee not only public health protection, safety and hygiene in the workplace and the safety of people and goods. The licensing of commercial establishments is currently, as a general rule, under the exclusive jurisdiction of local government.