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A
Sociedade Por Quota Limitada
in
Portugal is a
private limited company where each partner has limited
liability of the business. The liability of each partner
of the company is limited to their share in the capital
of the business but are partners, accountable jointly
for the value of the company.
To start a
Sociedade Por Quota Limitada
in
Portugal there is a minimum capital
investment of 5,000€ and must have a minimum of two
shareholders. This business structure generally suits small to medium
sized businesses such as restaurants, shops, estate
agencies as the administrative and supervisory control
is kept to a minimum by governing bodies.
The liability of the company set up
as a Sociedade Por Quota Limitada is only as much as the
original capital investment.
When setting up a Sociedade Por Quota
Limitada the shareholders (owners) must nominate at
least one Gerente (director/manager).
If you do wish to know how to
start a company or business in Portugal, read more in
depth information in our
How to Start a Business in Portugal.
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