The 'Empresa na Hora' (On the Spot Firm) initiative will make it possible to create a company in just one office (one-stop office) in a single day (36m).
From now on, interested parties will no longer have to obtain in advance a certificate of company admissibility from the National Registry of Companies (RNPC). Nor will it be necessary any longer to sign a public deed.
During the incorporation procedure, the definitive legal person identification card will be handed over, the Social Security number will be given, and the company will immediately receive its memorandum and articles of association and an extract of the entry in the Commercial Register.
This initiative to modernize administration - Empresa na Hora - is the first step on the way to simplifying the relationship between a firm and the Public Administration throughout its life-cycle. Portugal has thus become one country in Europe where setting up a company is now:
The security of the incorporation procedure for new enterprises is ensured by having all the details sent to the tax authorities. Between July 2005 and September 2010 more than 97.000 enterprises were set up at the desks opened for this new service, which is the start of true fast-tracking for entrepreneurism.