The Benefits Portugal Offers Holding and Operating Companies

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With sources reporting almost €3billion of foreign investment in Portugal for 2021, it goes without saying there is significant interest in this Western European country attracting all sorts of companies, from large tech companies to restaurateurs showcasing their cooking talent for our taste buds to indulge!

In 2021 Lisbon welcomed more than 40,000 attendees at the Web Summit, as host of this highly esteemed annual technology conference – it is no surprise that Portugal has been labelled the new European Tech hub. The tech industry, like many other fields, has seen the powerful potential Portugal has to offer, and we have seen large companies like Amazon and Google take advantage of this by setting up companies in Portugal.

In addition, Portugal has also become a large tourist attraction with norway mobile database many coming to experience the food and wine that Portugal is very well known for.

What makes Portugal a great place to incorporate a company?
In addition to the increased international commercial interest, Portugal has an extensive network of double taxation treaties with various other jurisdictions around the world (with more than 70 agreements in place). This enables cooperation regarding taxation between respective jurisdictions and the smooth enforcement of respective tax laws.

Portugal is also part of the European Union and therefore has free access to the European market.

English is widely spoken in Portugal making it seamless for business to be conducted with local employees or partners and even more importantly, making it easy to perform international business activities.

Another beneficial aspect relates to inbound and outbound distributions made. Under the participation exemption; dividends and capital gains may be exempt from taxes provided certain criteria are met.