Business In Portugal
Business Investment in Portugal
Portugal is known as one of the most peaceful countries in the world with a high quality of life for its residents. In terms of age, it has one of the youngest workforces in the world and, in terms of business; it is very profitable in operating a company in Portugal as it doesn’t cost you a lot of money. Investment in Portugal can be one of the best business decisions you will make and we at, TRIVIAL CHAPTER, will assist you in making and executing your business decision in Portugal. Its economy is moving upward with an annual growth rate of approximately 0.8 percent. We will also support you in Company formation in Portugal. Initially, we will help you taking a decision for investment in Portugal with our factsheet. We suggest you to take a look at some of the important factors that can stand at the base of your investments in Portugal –
Real Estate investment in Portugal
One of the most attractive reasons why you should invest in Portugal is – The Golden Visa Program. It is a scheme which says that you can acquire residency when you purchase a property in Portugal. This means if there is an investment in property in Portugal, this will provide residency in Portugal as well as could result in company incorporation in Portugal, with minimal legal requirements and maximum benefits. With a minimum investment of €250,000.00 on property, one can take advantage of Golden Visa Program in Portugal.
Business across European Union
Another important reason – Why to invest in Portugal or Why to set up a company in Portugal? – is its membership with the European Union. Membership of the European Union facilitates common currency and free movement and trade within all member states. Portugal is one of the leading members in the European Union in terms of providing services, biotechnology and information technology.
Foreign Investment initiatives
There are no restrictions in Portugal as to foreign investment. Portuguese law is based on a principle of non discrimination based on the investor’s nationality. Portugal has increasingly competitive conditions – technological, labour, infrastructure, logistics, geographical, legal and tax – to continue to attract large investment projects. There are no requirements as to a mandatory Portuguese shareholder and no limitations on the repatriation of profits or dividends. The rules that will apply to a foreign investor are the same that rule the national investment and the foreign investment is not subject to any special registration or notification to any authority (without prejudice of mandatory registration obligations or compliance with regulatory obligations in specific activities). Notwithstanding the above, the shareholders that are not resident in Portugal must obtain a Portuguese taxpayer number for tax purposes. For EU residents, this taxpayer number may be obtained directly with the tax administration (in presence or by means of an appointed proxy); as to non-EU residents the same must appoint a Portuguese tax resident representative to handle matters with the tax authorities.
Special Gateway to Portuguese-speaking countries
Due to its historical path, Portugal is a major player for companies aiming to invest and seeking opportunities in Portuguese-speaking countries. The cultural ties and the expertise of Portuguese companies are the perfect starting point for those wanting to reach these markets.
The workforce in Portugal is highly skilled and the costs for hiring employees are lower compared to other countries. This can be an important advantage to those investors interested in opening a start-up in Portugal. The country has a talented pool of young workers in fields like engineering or business. The country also has a well-developed transport infrastructure and ICT network.