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...

Portugal Adopts IMT Jovem for Young Homebuyers

Portugal Adopts IMT Jovem for Young Homebuyers

The new measure will take effect on August 1, 2024. The Republic President of Portugal has promulgated a government diploma that allows young people up to the age of 35 to be exempt from paying the Municipal Property Transfer Tax (IMT) and Stamp Tax (IS) when...

Portugal to Reinstate NHR Tax Incentives

Portugal to Reinstate NHR Tax Incentives

The Portuguese government plans to reintroduce tax incentives for non-habitual residents as part of a broader economic stimulus package. This initiative aims to support companies and the economy, being the focus to attract foreign professionals by offering a fixed...

Portugal 15th Best Country for Expats

Portugal 15th Best Country for Expats

As an English-speaking accounting and payroll firm in Portugal, Oporto Accounting, observes that Portugal has been ranked 15th best country for expats in Expat Insider 2024 ranking Which evaluates the best countries for people living abroad. This annual survey...

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