{"id":6059,"date":"2019-01-15T09:55:31","date_gmt":"2019-01-15T09:55:31","guid":{"rendered":"http:\/\/localhost\/test_manager\/major-reasons-for-doing-business-in-portugal\/"},"modified":"2019-07-09T06:43:27","modified_gmt":"2019-07-09T06:43:27","slug":"major-reasons-for-doing-business-in-portugal","status":"publish","type":"post","link":"https:\/\/managersoffice.net\/el\/major-reasons-for-doing-business-in-portugal\/","title":{"rendered":"Doing Business in Portuguese Market"},"content":{"rendered":"<p><strong><span style=\"color: #000033;\"><span style=\"font-size: small;\">Major reasons to invest in Portugal are because the country:<\/span><\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Has some of the lowest operational costs in Western Europe<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Gives fast, easy and access to the EU single market<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Is a founder member of and full participant in the European Monetary Union<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Boasts a superb investments track record, with many firms bringing new projects to Portugal<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Is home to Europe\u2019s youngest and most enthusiastic workforces, with first-rate training facilities<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Has high levels of productivity growth in both manufacturing and services<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Offers a wide range of sites and buildings at highly competitive prices and ready to use<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Offers good domestic logistics and communications infrastructure (is the world&#8217;s 12th country with better infrastructure)<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Offers high quality support services for investors, both during and after investment<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Has one of Europe\u2019s best records for industrial relations<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Has a large network of treaties for the relief of double taxation and many of the Portugal-based companies also benefit from an exemption from corporation tax on dividends that they receive from subsidiaries<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Allows residents to enjoy a high quality of life with one of the continent\u2019s lowest crime rates<\/span><\/span><\/li>\n<\/ul>\n<div><span style=\"color: #000033;\"><span style=\"font-size: small;\">\u00a0<\/span><\/span><\/div>\n<div>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Excluding the acquisition of a Portuguese company, the commonest ways of investing in<\/strong><\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Portugal are to:<\/strong><\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Set up a company<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Set up a branch.<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The most common type of companies in Portugal are the shareholders company (SA) and the limited liability company (LDA), which have in common the fact that the responsibility of the shareholders or of the quota-holders is generally limited to their interest in the capital of the company.<br \/>\nThere are also other ways of investing in Portugal, for example through joint ventures and partnerships, although these are less commonly used.<\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The taxation of resident companies is regulated by the Corporate Tax Code (IRC), approved by the Decree-Law 442-B\/88 of 30 November 1988 with several amendments; the latest one was introduced by the Law 82-B\/2014 of 31 December 2014.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>CORPORATE TAX<\/strong><\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">SUBJECTIVE INCIDENCE<br \/>\n<\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">Commercial collective persons, or civil collective persons, and in a general way, all collective persons which have their head offices in Portugal, collective entities which have no legal personality, and entities which may or may not have their head office in Portugal, but receive income in Portugal, are subject to corporate tax.<\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>VAT<\/strong><\/span><\/span><\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">The following operations are subject to VAT:<\/span><\/span><\/p>\n<ul>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Transmission of goods<\/span><\/span><\/li>\n<li><span style=\"color: #000033;\"><span style=\"font-size: small;\">Rendering of services<\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\">Importation of goods.<br \/>\nAccording to the rules of the European Union, most part of the services performed by nonresidents to residents in Portugal, who are registered for VAT purposes, are deemed to be performed in Portuguese territory and consequently subject to the Portuguese internal VAT.<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Manager\u2019s Office<br \/>\n<\/strong><\/span><\/span><span style=\"color: #000033;\"><span style=\"font-size: small;\"><strong>Financial Dept<\/strong><\/span><\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Has a large network of treaties for the relief of double taxation and many of the Portugal-based companies also benefit&hellip;<\/p>","protected":false},"author":1,"featured_media":7602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[153],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Doing Business in Portuguese Market - Manager&#039;s Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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