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Company Type |
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Private limited company |
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Single member limited company |
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Public limited company |
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General partnership company |
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Limited partnership company |
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Limited partnership company with a share capital |
|
|
Minimum Number of Shareholders |
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2 |
|
1 |
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5 (1 witin the IBC) |
|
2 |
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1 general partner and 1 limited partner |
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1 general partner and 5 limited partners |
|
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Minimum capital (EUR) |
|
2,00 |
|
1,00 |
|
50.000,00 |
|
n.a. |
|
n.a. |
|
50.000,00 |
|
|
Representation of capital |
|
Quotas (minimum EUR 1,00) |
|
Quota |
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Shares (minimum EUR 0,01) |
|
n.a. |
|
n.a. |
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The capital holdings of limited partners are represented by shares |
|
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Liability of shareholders |
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Limited to the capital |
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Limited to the capital |
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Limited to the capital |
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Unlimited |
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General partners: unlimited
Limited partners: limited to the capital |
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General partners: unlimited
Limited partners: limited to the capital
|
|
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Business name |
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Must end with "Lda." or "Limitada" |
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The business name must include the term "Sociedade Unipessoal" or word "Unipessoal" before "Limitada" or "Lda". |
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It must end with "S.A." or "Sociedade Anónima" |
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When all the shareholders are not individually specified, it must bear the name or business name of one of them followed by the term "e Companhia" or any other term indicating the existence of other shareholders. |
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The business name is formed by the name or business name of at least one of the general partners followed by the term "em Comandita" or "& Comandita".
None of the limited partners can be included in the company´s business name, unless they expressly consent to said inclusion. |
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The business name is formed by the name or business name of at least one of the general partners followed by the term "em Comandita por acções" or "& Comandita por Acções".
None of the limited partners can be included in the company´s business name, unless they expressly consent to said inclusion. |
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|
Management |
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1 or more managers |
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1 or more managers |
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Board of Directors, or
Executive Board of Administrators and Supervisory Board
Odd number of directors |
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1 or more managers |
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1 or more managers
Only general partners can be manager, unless the articles of association permit the appointment of limited partners.
|
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1 or more managers
Only general partners can be manager, unless the articles of association permit the appointment of limited partners. |
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Audit requirements |
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Not compulsory up to a specified limit |
|
Not compulsory up to a specified limit |
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Compulsory |
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Not compulsory |
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Not compulsory |
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|
|
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Observations |
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This is the company type most used in Portugal.
Services´ contributions (work) are not permitted. |
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Single member limited companies are governed by legislation that also governs private limited companies.
See also the impact of Single membership |
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Less flexibility
More suited to medium and large-sized companies |
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Little used due to the liability regime
Capital contributions in the form of services are permitted. |
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Little used due to the liability regime
Capital contributions from limited partners in the form of services are not permitted
The provisions relative to general partnership companies are generally applicable
A private limited company or a public limited company can be general partners
|
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Little used due to the liability regime
Capital contributions from limited partners in the form of services are not permitted
The provisions relative to public limited companies are generally applicable
A private limited company or a public limited company can be general partners |
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