Portugal
Banking in Portugal
Portugal Business Experts
Recent forum posts
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Starting a new business in India
I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make
Total Posts: 12 Last post by leahhart65
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Hiring Struggles for Small Businesses in NZ, Are We Overlooking Soft Skills?
Hi everyone,I’ve noticed that many small businesses in NZ are facing real challenges when it comes to hiring the right people not just in terms of technical ability, but soft skills too. Communication, adaptability, and problem-solving often seem harder to find than certifications or experience.A few small business owners I’ve talked to said they struggle to read between the lines of a sta
Total Posts: 1 Last post by ngaiomarsh98
Banking in Portugal
For a list of banks, please click on the 'Banking in Portugal' tab located above.
Cash machines are available throughout the country. There are a large number of commercial banks, including familiar international banks, in Portugal. Interest rates will differ according to individual policy.
To open a bank account in Portugal, you will be required to provide the following documentation:
- Passport
- Proof of address (bill, etc)
- Proof of property ownership or rental
- Taxation number
- Proof of income
There may be a minimum deposit to open an account (250 Euros for example).
Many foreign businesspeople living in Portugal have at least two accounts, a foreign account for international and large transactions, and a local account with a Portuguese bank for day-to-day business and living expenses.
Organisations that can assist with Banking
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
