Investment regulation - Portugal
Holding restrictions
Portuguese Law No. 102/2003 confirms the abolition of limits on foreign ownership of Portuguese companies.
However, when a shareholder intends to increase, directly or indirectly, the control over 10% of the voting rights in the following types of company, pre-approval of holdings is required as indicated:
| Company type | Approval required from |
| Banking institution | Portuguese Central Bank |
| Insurance company | Instituto de Seguros de Portugal (ISP) |
| Investment advisor and parent company of regulated stock exchange or multilateral trading facility (MTF) company | Portuguese Securities Market Regulator (Comissão do Mercado de Valores Mobiliários - CMVM) |
Disclosure requirements
For details of the local domestic disclosure requirements, please refer to the Disclosure Requirements.