Portugal Extends Port Concessions

Portugal Extends Port Concessions

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 administration will present a specific investment plan according to...

Startup Portugal Has Supported 120 Companies This Year

Startup Portugal Has Supported 120 Companies This Year

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, which raised 100 million € in...

Portugal Leads Business Creation in the European Union

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...

Startup Multinationals Get 5-Year Tax Exemption

Startup Multinationals Get 5-Year Tax Exemption

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 without financial strain....

Portugal’s Exporting Companies Surpass 40,000 Mark

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...

Portuguese Passport Will Be Valid for 10 Years

Portuguese Passport Will Be Valid for 10 Years

Starting in early 2026, the Portuguese Electronic Passport (PEP) will have a validity period of ten years at the beginning of 2026, instead of the current five years.   Reasons such as the short period of validity and the existence of "high quality" counterfeits...

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