Best business accounts for LLC and Corporations in Portugal
Snapshot
Companies in Portugal, the Lda and the SA, must process professional payments through a dedicated account. Providers such as Qonto, Revolut Business and Wise Business accept Portugal registered companies, with team roles, cards and multi currency. Traditional banks such as Millennium BCP and Caixa Geral de Depositos add branch support and lending.
Suits LLC and Corporations best
Depends on needs. Qonto suits company admin with team roles, while Wise Business suits trading abroad.
Typical monthly fee
EUR 0 to about EUR 90 a month depending on plan, as of 3 February 2026.
Non resident position
Possible with full checks. Most online providers need a Portugal or EEA registered company and a local address. Verify with the provider.
Providers that fit
Several. At least three providers accept this profile in Portugal.
Fees and features as of 3 February 2026Last reviewed 3 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
As of 3 February 2026, a company in Portugal, whether a Lda or an SA, must run professional payments through a dedicated account. Qonto gives a Portuguese IBAN with team roles, expense cards and invoicing, Revolut Business adds multi currency balances and spend controls, and Wise Business suits a company that trades abroad. A company that needs lending, an overdraft or a branch relationship may add a traditional bank. Compare the trade offs against how the company operates, and confirm current terms with the provider before applying.
What LLC and Corporations in Portugal need from a business account
A company needs an account that handles several signatories and user roles, issues expense cards to staff, integrates with accounting, and keeps a clean record for audit and tax. Many companies also pay or invoice abroad, so multi currency and a low exchange spread matter. Online providers suit day to day operations, while a company that needs lending, an overdraft or trade finance may keep a traditional bank alongside. As of 3 February 2026, confirm the features and fees with each provider.
Q
Qonto
European business account with a Portuguese IBAN, multiple user roles, expense cards and invoicing, suited to a registered company. Limited cash handling.
Compare accounts for LLC and Corporations in Portugal
These providers accept companies in Portugal. Fees and eligibility shown as of 3 February 2026. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Portugal
Does a company in Portugal need a business account?
Yes. A Portuguese company, a sociedade such as a Lda or an SA, and taxpayers with organised accounting are required to process professional payments and receipts through at least one dedicated bank account. As of 3 February 2026, confirm the requirement that applies to your structure with an accountant or the provider.
What account suits a Lda or SA in Portugal?
It depends on needs. Qonto gives a Portuguese IBAN with team roles, expense cards and invoicing, Revolut Business adds multi currency balances and spend controls, and Wise Business suits a company trading abroad. A company that needs lending or a branch relationship may prefer a traditional bank such as Millennium BCP or Caixa Geral de Depositos. As of 3 February 2026, compare and confirm with the provider.
How much does a company account cost in Portugal?
Neobank plans range from a free or low cost tier to about 90 euros a month, with extra costs for transfers above plan limits. Traditional banks charge a monthly maintenance fee plus per transaction charges and the 4 percent stamp duty on commissions. As of 3 February 2026, confirm the full schedule with the provider.
Can a non resident director open a company account in Portugal?
Usually yes for a Portugal registered company, with full checks and a NIF for the directors and beneficial owners, and sometimes a fiscal representative. Most online providers need a Portugal or EEA registered company and a local address. As of 3 February 2026, verify the position with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 3 February 2026. Confirm current terms with the provider before applying.