Purchase a Company in Portugal
Purchase a Company in PortugalUpdated on Thursday 23rd January 2020
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Portugal’s economy is one of the strongest in the EU and a lot of businessmen want to invest in this country. You can either establish a new business or you can purchase a company in Portugal. This is a very attractive method of investing in the country because it is relatively less risky than starting a company and the cost is lower. There are also a lot of businesses that are for sale in Portugal. Allow our Portuguese lawyers to determine which ones are suitable for your preferences.
Due diligence prior to purchasing a company in Portugal
Before actually buying a shelf company Portugal, you should first conduct due diligence of the company that you have chosen. It is an investigation of a business before entering into a contract with it. Since you are about to make an important investment, it would be best to gather as much information as you can about your move.
During due diligence, you need to find out the current owner of the company, its directors and shareholders. You also need to find out its current state in the market, whether it is thriving or going down the drain. One more thing you need to check is if there are issues on its capital, securities, and liabilities. Our attorneys in Portugal can provide you with the due diligence for your purchase. Our team acan also help you register the company for VAT and for EORI number.
Why purchase a company in Portugal?
There are a lot of benefits when it comes to acquiring ownership of a shelf company in Portugal. One of them - it already has an existing market. You don’t have to go through the hassle and expenses of advertising your company and its products since that has already been done. You are already starting somewhere up the market ladder and not from scratch.
There is also no need to go through the process of registration anymore. Although there is a change in the ownership, there is actually no change in the company as an entity. Corporations have a separate personality from the persons composing them. The change of ownership does not affect its personality.
Another benefit is that the manpower already exists. Key positions are already occupied and you don’t have to worry about hiring the right persons to do the required job which is great, if you have the same business as the company that you will acquire. Our law firm in Portugal can help you draft a contract for the purchase of a company.
If you need more advice about ready-made companies, just contact our lawyers in Portugal. They can provide you with the needed information for your investment.