INVESTING IN PORTUGAL – INCENTIVES, FUNDS AND TAX BENEFITS
Portugal continues to be one of the countries with the best environment for an international company to be established.
Our country offers national and foreign investors investment in the form of financial incentives, repayable or non-refundable, tax benefits and co-financing. We also set up a system for monitoring, facilitating and reducing bureaucracy in the implementation of projects considered to be of «potential national interest» named PIN projects.
We recommend the companies to explore the options available and consider how these incentives can contribute to their business objectives.
CHANGES TO THE LEGAL FRAMEWORK OF THE NON HABITUAL RESIDENT FISCAL REGIME
The Non-Habitual Resident tax regime, created in 2009, was developed with the aim of attracting foreign residents by offering significant tax benefits. Despite the various advantages offered, the Draft State Budget for 2024 repealed this regime by establishing, in article 195 of Draft Law no. 109/XV/2. ª (revocatory rule), that the articles establishing the tax regime for Non-Habitual Residents are to be revoked.
DOUBLE TAXATION CONVENTIONS: A PRACTICAL GUIDE
Double Taxation Agreements are bilateral international conventions aimed at preventing the same legal fact, which generates tax, from being taxed twice.