Today the economy of Portugal entered a period of stable growth largely owing to increased exports. Despite tough competition, the Portuguese goods find their buyers largely due to its uniqueness and high quality. More and more Portuguese products reach different markets all over the world.
Investments and Property in Portugal
The Portuguese economy is open to all types of investments. Foreign investors in Portugal are subject to the same procedural rules, suggesting the absence of any restrictions on the movement of capital, payments and the process of profits transfer outside the country.
Tax incentives granted to foreign investors, mean the exemption of profit tax in first three years of operation, after which it is set at 15%. In addition, at the regional level, the investors are assisted in the provision of space, buildings, and investors are exempt from paying municipal taxes. Portugal golden visa program at International Citizenship Bureau is the best choice for you if you are interested in investments and property in Portugal!
Businesses have the opportunity to attract Bank loans at a rate of 5.5-7%. All newly created companies can also hire the services of research agencies to obtain the necessary information. Labor costs in Portugal are the lowest in the EU region (salary – 500 Euro + 25% social tax). In addition, there is a preferential mode of obtaining European certificates and patents for products. Investments in Portugal open access to the single market of the European Union, (520 million people).
Portuguese “Golden Visa”
In connection with an urgent need to attract foreign investment to the domestic market of Portugal, on 9 August 2012 a law allowing to obtain a Portuguese residence permit was adopted.
A new type of residence permit is called ARI ("residence permit for investment activity"), often also referred to as "Golden Visa".
To obtain the Portuguese "Golden visa" is necessary to carry out investment activities in Portugal. Investment activities include one of the following options:
- Transfers in the amount of 1 million euros or more, including investments with equity participation in companies;
- Buying property worth 500 thousand euros or more;
- The creation of at least 10 jobs.
Source: International Citizenship Bureau
