Compliance with the obligations

Regardless of the legal form of the business, it is important to close the accounts in the right way. Record every business transaction the company makes until the end and remember that you must keep all accounting records for 10 years.

The IRS (for natural persons) or the IRC (for legal persons) must cease in the Finance Department. You can do this through the online services of the Portal das Finanças [Finance Portal], by submitting the declaration of cessation of activity. Learn more about this service at:

The Social Security services must communicate the termination of their activity and that of their employees. This communication must be made by the 10th day of the month following the closure of the company.

Also check that you have to report the closure of your economic activity. Search your area of activity in ePortugal and consult the available services to communicate the closure of activities to the competent authorities.