Why choose Portugal for business?
Posted: Tue Dec 17, 2024 8:34 am
Portugal’s appeal as a business destination goes far beyond its sunny climate and beautiful coastline. At the heart of its appeal lies its membership of the European Union, which provides businesses with unrestricted access to the European Single Market. This means companies based in Portugal can freely trade with and serve more than 447 million potential customers across Europe.
The country has purposefully positioned itself as a business-friendly usa number list destination through various economic initiatives. The cost of doing business in Portugal remains significantly lower than in many other Western European countries, while still maintaining high standards of infrastructure and service quality. The government has invested heavily in digital infrastructure, making it easier for businesses to operate efficiently and connect with global markets.
One of Portugal's most attractive features for foreign entrepreneurs is the Non-Habitual Resident (NHR) tax system. This scheme offers significant tax benefits for up to ten years and is particularly attractive to those looking to relocate their business. Under this system, qualified professionals can benefit from special tax rates on Portuguese-source income and potential tax exemptions on foreign-source income.
Selected business organization type
When I decided to start a business in Portugal, one of the first and most critical decisions I faced was choosing the right business structure. This decision was particularly important because it would determine my tax obligations and the extent of personal liability I would face. After researching the available options, I carefully considered the three main business structures.
The country has purposefully positioned itself as a business-friendly usa number list destination through various economic initiatives. The cost of doing business in Portugal remains significantly lower than in many other Western European countries, while still maintaining high standards of infrastructure and service quality. The government has invested heavily in digital infrastructure, making it easier for businesses to operate efficiently and connect with global markets.
One of Portugal's most attractive features for foreign entrepreneurs is the Non-Habitual Resident (NHR) tax system. This scheme offers significant tax benefits for up to ten years and is particularly attractive to those looking to relocate their business. Under this system, qualified professionals can benefit from special tax rates on Portuguese-source income and potential tax exemptions on foreign-source income.
Selected business organization type
When I decided to start a business in Portugal, one of the first and most critical decisions I faced was choosing the right business structure. This decision was particularly important because it would determine my tax obligations and the extent of personal liability I would face. After researching the available options, I carefully considered the three main business structures.