Law No. 89/2017 · Chapter II · Information on the beneficial owner

Law 89/2017, Article 5 Duty to provide information

Lei n.º 89/2017, artigo 5.º · Obrigação de informação

Lei n.º 89/2017 and the annexed Regime Jurídico do RCBE · consolidated text checked 26 October 2026

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1. The persons referred to in paragraph 1 of the preceding Article must provide the company with all the details necessary for drawing up the register of beneficial owners.

1 - As pessoas referidas no n.º 1 do artigo anterior devem informar a sociedade de todos os elementos necessários para a elaboração do registo de beneficiário efetivo.

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2. Whenever the information provided changes, the persons referred to must update it within 15 days of the date of the change.

2 - Sempre que ocorra alteração à informação fornecida, devem as pessoas referenciadas proceder à sua atualização no prazo de 15 dias a contar da data da alteração.

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3. Whenever the company becomes aware of the change, and once the period laid down in the preceding paragraph has elapsed, the company may notify the persons referred to in paragraph 1 to update their identification details within 10 days.

3 - Sempre que a sociedade tome conhecimento da alteração, e decorrido o prazo estabelecido no número anterior, pode a sociedade notificar as pessoas referidas no n.º 1 para, no prazo de 10 dias, procederem à atualização dos seus elementos de identificação.

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4. Unjustified failure by a member to comply with the duty to provide information, following the notification provided for in the preceding paragraph, permits the redemption of that member’s interests, under the terms laid down in the Commercial Companies Code, approved by Decree-Law No. 262/86 of 2 September, namely Articles 232 and 347 thereof.

4 - O incumprimento injustificado do dever de informação pelo sócio, após a notificação prevista no número anterior, permite a amortização das respetivas participações sociais, nos termos previstos no Código das Sociedades Comerciais, aprovado pelo Decreto-Lei n.º 262/86, de 2 de setembro, designadamente nos seus artigos 232.º e 347.º

What we checked in this article

The 15-day update period, the company's 10-day notice after that period has elapsed, and redemption only for unjustified non-compliance after notification (Articles 232 and 347 of the Commercial Companies Code) are retained.

Need to file or update the RCBE declaration? Law 89/2017, Article 5 is where it starts.

We file initial RCBE declarations, updates and annual confirmations for Portuguese companies with foreign owners, and map the ownership chain so the beneficial owner is identified correctly. Fixed fee, done in English.

Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.

Applying the law

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A missing or wrong declaration blocks dividend payments, public contracts and bank onboarding. Send us the ownership chart; we identify the beneficial owners, file the declaration and keep it current.

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