New Cash VAT Scheme for SMEs with Turnover Up to €2 Million
The Decree-Law was recently published in the Diário da República and will come into force in July 2025, allowing companies that were not previously covered to join the scheme via the Finance Portal. From July 1, 2025, the new cash VAT regime will be extended to...
VW Says New Entry-Level Electric Car to be Built in Portugal
VW says new entry-level electric car to be built in Portugal Volkswagen will build its 20,000-euro ($21,636.00) electric car launching in Europe in 2027 at its plant in Palmela, Portugal, its brand chief said on Monday. Volkswagen has revealed that it will...
Financial Times Names Porto Best European City for Investment
Financial Times elects Porto as the best European city of the future in attracting investment The Financial Times has once again awarded the city of Porto the title of best European city of the future in the category Foreign Direct Investment (FDI) Strategy for...
Number of Startups in Portugal Grows 16% in 2024
The more than 4,000 startups have revenues of 2,602 million €, according to data from the study developed in partnership with Startup Portugal. In 2024, Portugal had 4,719 startups, 16% more than in 2023, with a combined turnover of €2,602 million, according to data...
Portugal Rises in the Preferences of Qualified Professionals
Portugal has become an increasingly attractive destination for qualified workers, especially among young people. Portugal's popularity among graduates has seen the highest growth of any country, with interest from potential migrants tripling since 2010, rising from...
Portugal’s Economy Outperforms Europe
The International Monetary Fund (IMF) highlights Portugal as an example of economic performance above the European average. Portugal's economic performance has surpassed the European average since 2019, with average annual growth rate twice that of the euro zone....
Portugal’s Strategic Position as a Business Hub
A "One Stop Shop" for International Companies. In an increasingly competitive global landscape, Portugal its a prime destination for international companies and startups through its "one stop shop" model, which provides integrated services to streamline...
Portugal Emerges as Europe’s FDI Powerhouse
In recent years, Portugal has emerged as one of Europe’s most attractive destinations for Foreign Direct Investment (FDI), capturing the attention of international investors and multinational corporations. Over the past five years, the country has experienced an...
Portuguese IRS Opens to Newcomers from Abroad
Those who come to Portugal from abroad, whether Portuguese who have emigrated and are returning to the country or foreigners who have never filed any income tax return in Portugal, will be able to benefit from the IRS Jovem for the entire ten years, even if they have...
Portugal Ranks 6th in Europe 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 is attracting more...
