RCBE – Update / Amendment
Whenever there is any change to the information initially declared on the RCBE - such as changes to the beneficial owners or their details - such information must be updated.
Updates must be made within 30 days from the change.
Foreign entities wishing to perform acts in Portugal must confirm in advance whether any of their information needs to be updated.
Updating the RCBE is required to comply with the law and avoid penalties.
Step-by-step
Step-by-step
01
Collection and verification of the documentation required for the filing
02
Submission of the updated/amended declaration on the RCBE platform
01
Collection and verification of the documentation required for the filing
02
Submission of the updated/amended declaration on the RCBE platform
FAQs
When must I update/amend the RCBE declaration?
Whenever there is a relevant change to the company’s or beneficial owner’s information.
Is there a deadline for the update?
Yes, within 30 days from the event resulting in the change to the company’s or beneficial owner’s information.
What happens if no update/amendment is made?
Should the entity fail to submit the updated/amended RCBE declaration, it is barred from:
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Paying out profits or interim profits to shareholders.
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Executing or renewing contracts with the State (supplies, works, procurement of goods/services) and tendering for public utility concessions.
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Accessing public or European funds.
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Executing deeds for/sale and purchase of real property.