Instruction no. 13/2018, of 19 September 2018 was published recently and establishes procedures that financial and banking institutions must comply with to identify the risk profile of their clients in carrying out import and export of goods transactions.
On the first anniversary of Law no. 89/2017, of 21 August 2017, and with a delay of approximately 9 months in relation to the deadline set out in article 23 of said Law.
The recent years have brought material and significant reforms into the Portuguese company legislation, with some amendments aiming to simplify company governing acts and procedures as well as diminishing bureaucratic aspects that so often stem the economic development of a company.