Business accounts: Portugal

Updated 5 October 2026

An honest assessment before work starts, the quote is fixed in writing.

Portugal is a eurozone EU country where banks are supervised by the Bank of Portugal and European banking supervision. A business account at a Portuguese bank is almost always opened for a Portuguese company: capital is paid into it, client payments arrive there and taxes are paid from it. For foreign owners and directors the first step is a tax number (NIF), without which a bank will open an account neither for the company nor for an individual.

Business taxes in Portugal in 2026

• Corporate income tax (IRC) is 19% in 2026. The government is cutting the rate by 1 percentage point a year, aiming at 17% by 2028.
• Small and medium companies pay 15% on the first EUR 50,000 of taxable profit, about $56,020.
• Distributions to owners and salaries are taxed separately, so we plan the payout structure in advance.

More on our Portugal taxes page.

The company and the account

A Portuguese company is registered in one visit at the On-the-Spot Firm service for a EUR 360 fee, about $404, or online for EUR 220, about $247, with a model articles of association, or EUR 360 with custom articles. A limited company's capital can be symbolic, but the bank looks at real money in the account and the business plan. More in company registration in Portugal.

Business immigration on the startup visa

If you are moving to Portugal with your own project, the startup visa links the company, the account and residence: the state innovation agency approves the project, the founder proves funds, and the company opens an account with a Portuguese bank. See Portugal startup visa.

What the bank checks

• tax numbers of the company, directors and owners;
• beneficial owners and their passports;
• activity, clients and payment countries;
• the origin of capital and first receipts.

Documents

• the registration certificate and articles;
• tax numbers and passports of directors and owners;
• proof of the company's address in Portugal;
• a business description and proof of source of funds.

How the account opening works

1. Tax numbers. We obtain them for directors and owners if they have none.
2. Company. We register the company and receive its documents.
3. Bank. We choose a bank for turnover and payment countries.
4. Review. We prepare the file and answer the bank's questions.
5. Capital and operation. We pay in the capital and start receiving payments.

Why applications are refused

• directors or owners have no tax number;
• the company has no activity in Portugal;
• an opaque ownership structure or unclear source of funds;
• links to sanctioned countries.

What we do

We obtain tax numbers, register the company, choose the bank, prepare documents and handle the account opening, and for relocation build a route through the startup visa or another residence permit. A manager will calculate the cost in the chat.

What we do

• Corporate account - opening assistance

See also

Company formation · Personal account · Investment property · Country taxes · All country programs

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