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
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
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...
Portugal Ranks the 7th Most Peaceful Country in the World
As an English-speaking accounting and payroll firm based in Porto, Portugal, Oporto Accounting notes that Portugal is the seventh most peaceful country in the world according to the Global Peace Index 2024 and ranked in the fifth position in Europe. The Global Peace...
Portugal Defines Professions Eligible for Non-Resident Tax Breaks
The incentive for non-residents approved by the Portuguese government will be extended to more activities and companies. At the moment, around 20 areas are covered. The Portuguese government has announced the define the qualified professions of non-residents...
Accounting and Payroll services in Portugal: English-Speaking Accountants
In recent years, Portugal has emerged as an attractive destination for entrepreneurs looking to establish their businesses in Europe. With its strategic location, vibrant culture, and favorable business environment, Portugal offers opportunities for those...
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...
