Navigate the Portuguese banking system with ease. We assist with account opening for residents, non-residents, and businesses.
Opening a bank account is often one of the first hurdles expats face. Strict anti-money laundering (AML) laws can make the process complex and time-consuming, especially for non-residents.
A Portuguese bank account is essential for setting up direct debits for utilities, paying taxes, and purchasing property. It also gives you access to the Multibanco network, which allows you to pay bills, top up phones, and pay taxes at any ATM.
We work with top-tier Portuguese banks to streamline the compliance process, often allowing for remote account opening before you even arrive.
Assistance with compliance and KYC (Know Your Customer) forms
Guidance on required documentation (Proof of income, tax returns)
Resident vs. Non-Resident account options
Business account setup for new companies
Introduction to English-speaking bank managers
For daily use. Requires Passport, NIF, Proof of Address, and Proof of Income/Profession. Non-residents may need to provide tax returns from their home country.
For companies. Requires Company Certificate (Certidão Permanente), Beneficial Owner declaration (RCBE), and personal docs of all shareholders.
Most banks require an initial deposit to activate the account (typically €250 - €500 for personal, higher for business).
A simple, transparent process to get you sorted.
We collect and review all your documents to ensure they meet bank compliance standards.
We submit your file to our contacts at selected banks (e.g., Millennium BCP, Novobanco, Bison).
The bank performs due diligence. For remote opening, a short video call may be required.
You receive your IBAN. The account is fully active once the initial deposit is made.
Avoid the queues and compliance headaches. Let us handle the banking bureaucracy for you.