Striking off or closing a company in Portugal for whatever reason can be daunting if you are unaware of the potential steps or pitfalls involved. Without specialist knowledge you may fall at the first hurdle and it is better to close or wind up the company in Portugal cleanly without leaving a stack of administrative liabilities behind you. Our staff at Close a European Company can provide a full package of bespoke services according to your individual/corporate requirement as follows:
We offer the following services for dissolving/winding up a company:
-
- Accountancy Advice
- Taxation Services
- Legal Advice
- Liquidation and insolvency services
- Personal Liability Advice
- Advisory/Restructuring Services
OPTIONS FOR DISOLVING/WINDING UP A PORTUGAL COMPANY
-
- The first stage or proceeding is common to all the above situations: the shareholders have to vote in a general meeting the winding up of the company.
- The minute needs to be signed by the shareholders and then registered before the Companies House.
- If the company has no assets or liabilities there are no other proceedings apart from registering the end of the company's activities before the Revenue Service and Social Security. Please note that if the company actually has liabilities and the shareholders wind it up anyway they could be personally liable before the creditors. Time scale for this (with all the relevant paperwork in hand) would be around one week.
Regarding the second situation, the liquidator will start paying out the debts. This payment is supported mainly by the monies obtained from the conclusion of unfinished business or raw materials/ stock. Usually a company in this situation will have entered into bankruptcy (we have encountered many situations like this).
As regards the last situation, the shareholders usually sell the remaining assets and divide the monies according to their shares.
it is important to take care to protect the assets of the business, to conform with the liquidators wishes and to act responsibly. Please contact us for further information and advice as to how to proceed.
Privacy Overview
How we use your data
What we need
Universal Company Incorporations Ltd, herein known as UCI Ltd, will be what’s known as the ‘Controller’ of the personal data you provide to us.
UCI Ltd is a holding company which encompasses the following websites: Close A European Company.com, Open A European Company.com, Start An American Company.com, Open A Dubai Company.com, Start an Australian Company.com, Open A German Company.com, Open An Italian Company.com and Readymade Companies Worldwide.com. By submitting your data, you agree that UCI Ltd can send you promotional materials on behalf of and relating to these subsidiaries.
We only collect basic personal data about you, which does not include any special types of information or location based information. This does however include your name, email, phone number etc.
Why we need it
We need to know your basic personal data in order to provide you with information on our services, offers and discounts, and news pertaining to those services.
We will not collect any personal data from you that we do not need in order to provide this service to you.
What we do with it
All the personal data we process is handled by our staff in the UK. However for the purposes of IT hosting and maintenance, this information is located on servers within the United States. This data is protected by the EU-US Privacy Shield, ensuring that your information is stored and treated with equivalent privacy and security laws.
This information is stored in a secure account on Mailchimp, an email marketing service. Mailchimp cannot use your data for their own marketing or promotional purposes, and no 3rd parties have access to your personal data unless the law allows them to do so.
As part of our integrated email marketing service, we also collect information on user interaction. This includes collecting data on actions such as opening the newsletter or clicking on links within the newsletter, which is then used to optimise future marketing materials.
We have a Data Protection regime in place to oversee the effective and secure processing of your personal data. More information on this framework can be found on our website.
How long we keep it for
Your data stored for marketing purposes will be kept with us until you notify us that you no longer wish to receive this information. You can do this by contacting us, or by clicking ‘unsubscribe’ at the bottom of our marketing emails.
More information on our retention schedule can be found in our longform privacy policy.
What are your rights?
If at any point you believe the information we process on you is incorrect, you can request to see this information, and even have it corrected or deleted.
If you wish to raise a complaint on how we have handled your personal data, you can contact our Data Protection Officer who will investigate the matter.
If you are not satisfied with our response, or believe we are processing your personal data not in accordance with the law, you can complain to the Information Commissioner’s Office (ICO).
Our Data Protection Officer is Heather Landau, and you can contact them here.