In general Portugal allows foreign individuals to open a Bank Account, provided that they meet the necessary requirements. Typically these include holding a valid NIF, a NIF (Portuguese Tax Identification Number), a proof of address abroad and proof of income (salary slips, Income tax return for instance). More support documentation may be required on a case to case basis.

Nonetheless, certain restrictions might apply to individuals from countries under international sanctions or embargoes. In such cases, banks may impose compliance checks or certain limitations.

The average turnaround time for opening a bank account is approximately 3-4

weeks. Please be advised that certain factors beyond our control, such as bank

compliance procedures, may cause delays in this process. We assure you that we

will make every effort to ensure efficiency; however, we cannot guarantee specific

timings.

Yes, you need a NIF document to open a bank account. Should you not have one, you can order one here!

In addition to the required information, such as NIF, Passport/National ID, Proof of Address, and Proof of Funds/Professional Activity, additional documentation may be necessary in certain situations. This may include birth or marriage certificates, work contracts, among other documents.

In Portugal, identification documents in languages such as English, French, Italian, and Spanish are generally accepted, especially in administrative or legal contexts. However, each institution has the autonomy to decide whether or not to require translation into Portuguese.

For other documents in languages other than these, it is common to require a certified translation or authentication by a consular entity or an official translator. This ensures the validity and comprehension of the content by the competent authorities.

With New Dawn, translation from English, Italian, Spanish, French, and German will cost €25 per page plus VAT (or €30 VAT included) for certified translation. Translations through a consular entity, official translator, or in other languages will be subject to quotation.

Yes, your cards can be shipped outside of Portugal at no additional cost.

Yes, you must be at least 18 years old. When opening a joint account, both account holders need to meet the minimum age requirement.

Yes, you can open a joint bank account. Please provide the information of the other account holder when filling out the form. If you encounter any difficulties, you can also send the information to [info@newdawnportugal.com](mailto:info@newdawnportugal.com).

Should you not have been able to clarify all your doubts, don’t hesitate to fill in our Contact Page. We’ll get back to you promptly.