Schmidt & Schmidt offers financial statements from Portugal in electronic form and their translations into English.
According to law, most commercial companies in Portugal must submit annual financial statements. These data are reported in electronic form or in paper. Depending on the company’s assets, revenue, number of employees, nature of business and legal form, the law requires different amounts of data to be published.
Reporting of financial statements in Portugal is subject to the Commercial Code and other regulations.
In Portugal, all companies can use the IFRS, but small companies may choose between the IFRS and national accounting standards.
Financial statements are filed to the commercial register which is kept by institute for registration and notaries (officially known as “information providing system”).
Following companies are obliged to publish financial statements:
- Public companies
- Limited liability companies
- Companies participating in stock exchange
Financial statements of commercial companies must be filed within four months after the end of the financial year. Three months are provided for a shareholders’ meeting to approve the financial statement and one month for its actual filing. Account books must be closed within four months after the end of the financial year.
Delayed filing of financial statements is penalized with a fine of up to 5 million EUR or a dissolution of the company.
Full annual report includes:
- Financial statement
- Directors’ report
- Confirmation statement by company officials
- Legal review of accounts
- Opinion of the supervising authority
- Auditor’s report
Financial statement includes:
- Balance sheet
- Profit and loss report
Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.
Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.
Financial statements are provided by the commercial register of Portugal. Most data concerning financial statements are public, but are provided for a fee. They can be obtained either directly from the register in paper, or in electronic form with a special online service.
Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.
To obtain financial statements of a specific enterprise, its full name, its trade name and registered office address or its identification number are required.
Financial statements are provided in accordance with the legislation of Portugal and legal requirements on personal data protection.
Requests are proceeded within one working day.
On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.
Financial statement from Portugal: 80 EUR
Translation of a financial statement: from 35 EUR
What are financial statements?
In our video, we explain the definition and function of financial statements and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt & Schmidt will gladly assist you.
We offer annual financial statements from more than 100 countries all around the globe.
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