Eudaimonia.pt - empresa na hora

Ten years ago I tried opening a company in Portugal with three friends. About two years into the process we gave up. We didn't have the time or the dedication to sit in any more queues for full mornings or afternoons, to be sent from one office to the other, all over Lisbon, fill out all the forms and god knows what else.

Last week when I opened my company all that has changed. We now have "Empresanahora" which means you take one hour do all the formailities (tax, bank, social security etc)  in one location. Then your company is ready to start. You use a predefined template for its legal constitution and have five days to open a bank account and fifteen to register with the tax office. As the name I chose wasn't on a predefined list  it took another week as I waited to hear if the name was taken or not. But the whole process was smooth - even if you do have to treat all the people on the way like they are doing you a great favour!

Yesterday I went to register the domain, only to discover that it had already been done automatically for me when I registered the company. Brilliant! Except for the page, eudaimonia.pt is now up and running.

Comments

[josien]

parabens! good for you. I wish eudaimonia all the best.

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A company is an incorporated association, which is an artificial person created by law, having a separate legal entity, with a perpetual succession & a common seal.

In the United States, a company is a corporation—or, less commonly, an association, partnership, or union—that carries on an industrial enterprise."[1] Generally, a company may be a "corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent, for any of the foregoing."[1]

In English law, and therefore in the Commonwealth realms, a company is a form of body corporate or corporation, generally registered under the Companies Acts or similar legislation. It does not include a partnership or any other unincorporated group of persons.