Bank Account
Business Bank Account in Portugal
Opening Business Bank Account in Portugal
The person living and working in Portugal and also a foreign investor can open a Portugal bank account. For opening a business bank account in Portugal, most of the banks offer business and corporate banking. We help our clients open and select the best for foreign business people. We know many right reputable banks internationally recognized, have excellent English speaking services and have online & mobile banking with low banking fees.
To open a business corporate bank account in Portugal, clients need to complete legal documentation. For instance, a limited company needs to give official registration documents, the director of the company’s name with full address, etc.
Most banks need the following documents for opening the bank account.
- Fiscal identification number
- Proof of income and residence in Portugal
- Company registration documents
- Address proof & telephone number
ID evidence card or Passport of the company Director/Owner.
FAQ Business Bank Account in Portugal
- Q: Is a business bank account mandatory to run a business in Portugal?
- A: “YES”
- Q: What documents are needed to open a business bank account in Portugal.”
- A: NIF number, Junta(address proof), company’s documents, etc
- Q: How much money is needed initially to open a business bank account?
- A: 10 to 500 euros depending on bank to bank.
- Q: Is opening a business bank account in Portugal a long process?
- A: “NO.” you can open a bank account in Portugal in a day.
- Q: Name some right banks in Portugal to open a business account?
- A: Millennium Bank, Novo Bank, BPI, Caixa Bank, etc.
- Q: Does having a business bank account help you get a business loan from the bank?
- A: “YES.”. You can apply for a business and project loan with Portuguese banks.
- Q: How to enhance your business bank account?
- A: By increasing your transactions.
- Q: Do you need an agent to open a business bank account in Portugal?
- NO
- Q: Can you open a business bank account online?
- YES
- Q: How much time does it take to activate a business bank account?
- A: Within 24 hours, activation is usually done.