Declaring a Company's Beneficial Owners (RCBE) in Portugal
Who must declare a company's real owners, the 25 percent threshold, the 31 December annual confirmation, and fines from 1,000 to 50,000 euros.
Business
Business news, startups, investments, and corporate developments in Portugal.
Paulo Duarte Buys Basque Cold-Chain Operator Barquín y Otxoa, Projecting €240 Million in 2026 Revenue
The Portuguese haulier has bought a 500-strong Basque refrigerated-transport specialist, deepening its push into northern Spain and targeting €240 million in consolidated sales this year.
Brisa Sues the Portuguese State for €275.8 Million in Lost Toll Revenue, Asking for Two More Years on Its Motorway Concession
Brisa has taken the State to the Lisbon Administrative Court, seeking either €275.8 million or nearly two extra years on its motorway concession to recover tolls lost during the pandemic.
British Satellite Firm Open Cosmos Sets Up in Porto and Recruits 50 for Its Portugal Push
Open Cosmos, a British satellite maker in Portugal since 2022, has opened a Porto office and is hiring 50 people across Porto and Coimbra. It plans a Coimbra clean room, three Portuguese satellites and 50 million euros of investment over three years.
Portugal Signed Off on Just 300 of the 500 Subsidised Exits MEO Sought in Its 1,200-Job Restructuring
Newly surfaced documents show MEO asked to move 500 workers out through exits that unlock unemployment benefit, and the government authorised only 300. It sits inside Altice Portugal's plan to cut about 1,200 jobs by December and save €45 million a year.
American Express's $700 Million Purchase of TheFork Reaches Portugal's Competition Regulator
American Express is paying about US$700 million (€600 million) to buy TheFork from Tripadvisor, and Portugal's Competition Authority is now reviewing the deal. TheFork lists roughly 3,900 restaurants in Portugal — 137 of them in the Michelin Guide — making it the country's dominant booking app.
Setúbal Lines Up a €100 Million Dual-Use Port Terminal and Room to Double Its Car Berths for Chinese Imports
The Port of Setúbal is planning a €100 million military-and-civilian terminal and preparing to roughly double its roll-on/roll-off capacity — positioning itself to receive the wave of Chinese-made cars entering Europe.