How can a Foreign Citizen Work in Portugal?
How can a foreign citizen work in Portugal? To carry out a professional activity in Portugal, it is necessary to obtain a Social Security Identification Number (NISS), whether the activity is self-employed (Independent Worker) or employed by a company (Dependent...
Foreign Direct Investment Reaches Record Levels in Porto
Foreign direct investment reaches record levels in Porto Between 2020 and 2024, the city of Porto attracted 2.4 billion euros in Foreign Direct Investment (FDI). Technology and innovation, logistics and infrastructure, and tourism were among the sectors with the...
Guide for a Smooth IRS Campaign
The State Budget and some changes introduced during the year have brought changes that need to be taken into account when filling in your tax return. The deadline is tomorrow. Here are the most important rules. Deadlines: Three months to file your tax return. The...
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...
