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Novo Banco

Ordering of legal support services in bank account opening
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Portugal is a prospective state with a stable economy which is among the top 10 countries for doing business. Many foreign investors are interested in registering a company in Portugal and opening an account in a Portuguese bank.

Their interest is explained by a number of advantages provided by this state: low taxes, low operating expenses, a positive attitude of the country's government authorities to business of non-residents etc.

The banking sector of the state is dynamically developing and offers many interesting and advantageous offers. If you want to open an account for a company in Portugal, then we advise you to open an account in Novo Banco.

About the bank

Novo Banco is a Portuguese bank that was founded in 2014. The head office is located in Lisbon. The bank was opened to save the assets of one of the country's oldest banks, Banco Espírito Santo (BES).

Novo Banco provides a full list of services and products for individuals and legal entities. The bank has an English-speaking staff. If you decide to open a corporate account in Novo Banco, then our lawyers will help you in this matter.

How to open an account in a Portuguese bank

First of all, please refer to our experts at the contacts mentioned on the website in order to obtain the full amount of information regarding business in this jurisdiction. We will provide you with legal support at each stage of an account opening, and also will help you to fill out the bank form and prepare all the necessary documents.

In order to open an account for a company in Novo Banco (Portugal), you will need to consider the following:
  • The company documents (registration documents, the Charter);
  • The beneficiary's documents (copy of a passport, confirmation of residence address);
  • Details of the company: structure, activities, partners, customers, other sources of profit;
  • A Certificate of Good Standing (if the company has been operating for more than 1 year);
  • All documents must be certified by an apostille;
  • Perhaps the bank will ask for additional information.

We draw your attention to the fact that our company clients have an opportunity to open a corporate account in Novo Banco (Portugal) remotely.

Online Banking

The customers planning to open an account in a Portuguese bank will be able to use Internet banking services. Novo Banco provides high-quality online banking.

This is a special proven and secure system, which is accessed by using one-off codes. Owing to this service, you can be calm about the reliability of any banking operations.

Transfers are carried out remotely, what is important for foreign businessmen.

Tariffs of the bank

Businessmen wanting to open an account for a company in Novo Banco should know the following:

  • Minimum balance: no requirements;
  • The account maintenance fee: 50 EUR/per month;
  • Initial deposit: 0 EUR;
  • Minimum turnover: EUR 1 million;
  • Speed of the transfers: 1-2 days;
  • Incoming payments: up to 50 000 EUR – 3.75 EUR. In the amount of over 50 000 EUR – 0.25%, but not more than 110 EUR.
  • Outgoing payments: up to 50 000 EUR – 0 EUR. In the amount of over 50 000 EUR – 10 EUR.
How to open a bank account in Portugal?

Those, who are intended to open an account for a company in Europe can take advantage of the IQD Consulting professional services. We carry out our work promptly and efficiently.

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