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
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
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
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...
Euronext Presents Several Investment Proposals in Portugal
Portugal is becoming an attractive destination for investors, with significant opportunities in key economic sectors, according to the "Structural Trends Shaping Portugal's Economy and Growth" report commissioned by Euronext. The report also highlights Portugal as...
Portugal Signs Agreement to Avoid Double Taxation in the Country
Minister Mário Centeno, Portugal's former finance minister, has signed a landmark protocol to avoid double taxation, significantly impacting emigrated taxpayers. This protocol, involving agreements with multiple countries across various continents, aims to prevent...
Porto Offers Fee Exemptions and Reductions for Startups
Porto, second biggest city of Portugal, will start providing tax benefits to startups. The decision results from following a memorandum of understanding signed between the municipal council and Startup Portugal. This agreement coincides with the inauguration of...
European Commission Applauds Portugal’s Economy
The Executive Vice-President of the European Commission, Valdis Dombrovskis, commended Portugal for its "outstanding economic performance" during a press conference following the presentation of the European Semester spring package. This latest assessment from...
Finding the Best Accountant in Lisbon (Portugal): A Comprehensive Guide
Finding the right accountant is essential for effectively managing your finances, whether you're an individual or a business owner. In Lisbon, a city bustling with economic activity and diverse financial needs, the search for a reliable and competent accountant can...
Accounting and Payroll services in Portugal: English-Speaking Accountants
Why Portugal? Before delving into the intricacies of setting up a company in Portugal, it's essential to understand why this country has become an increasingly popular choice for entrepreneurs. Geographic Advantage: Portugal boasts a strategic geographic...
