Portugal is the sixth main European destination for foreign direct investment Portugal is the sixth largest destination for foreign direct investment (FDI) in Europe. This is the conclusion of a study published by consultants Ernst & Young (EY), which reveals that the reconfiguration of global supply chains...
Portugal approves law for Companies to Have Tax Incentives to Strengthen Shareholders' Equity The recent tripartite agreement establishes significant tax incentives to increase companies' equity capital in Portugal. Under this new measure, capital increases can be deducted from taxable income, using a rate based on the...
China grants visa exemption to Portuguese citizens for stays of up to 15 days The measure takes effct on October 15 and runs until December 31, 2025. China has announced that it will extend its visa exemption policy to Portuguese citizens for stays of up to 15...
Foreign investment in Portugal at record highs Foreign investment in Portugal renews highs in the second quarter and already represents 69% of Portugal's GDP. Stock of Foreign Direct Investment in Portugal rose to 183.9 billion euros in the 2nd quarter. Portugal's Direct Investment Abroad also increased to...
Portuguese Goverment / Portugal extends port concessions from 30 to 75 years The aim is to promote investment, ensuring that it can be recovered, allowing "the private entities to be able to invest and recover their investment made in the terminals over the years". Each port...
Startup Portugal has supported 120 companies this year and 50 have managed to raise 100 million€ Startup Portugal is a non-profit public benefit organization that aims to promote Portuguese entrepreneurship. In 2024, Startup Portugal provided support to 120 national startups, including 50 through the Business Abroad program,...
Portugal leads business creation in the European Union Portugal emerged as the leader in business creation in the European Union during the second quarter of 2024, according to data released by Eurostat. According to Eurostat, looking at European Union countries,Portugal led the registration of new businesses, with...
Start-up multinationals escape from 15% minimum tax rate for five years The Portuguese Government has new proposed law exempts to start-up multinational groups from a supplementary 15% minimum tax for their first five years of international operations. This aims to support groups beginning their global expansion...
Portugal's Exporting Companies Surpass 40,000 Mark As an accounting and payroll English speaking firm in Portugal, OportoAccounting observes that the number of exporting companies is currently 40,000, has risen successively over in recent years in Portugal, a growing trend that was only interrupted in the pandemic...
Portugal ranks 7th most peaceful country in the world As an English-speaking accounting and payroll firm based in Porto, Portugal, Oporto Accounting notes that Portugal is the seventh most peaceful country in the world according to the Global Peace Index 2024 and ranked in the fifth...
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