Portugal is known as one of the most peaceful countries in the world with a high quality of life for its people.
Portugal is known as one of the most peaceful countries in the world with a high quality of life for its people. In terms of age, it has one of the youngest workforces in the world and, in terms of business; it is very successful to run a company in Portugal as it does not price you a lot of funds. Investing in Portugal can be one of the best business decisions you will make and we at Bhavishya Overseas will help you make and execute your business decision in Portugal. Its economy is moving upwards with an annual growth rate of around 0.8%. We will also support you in the formation of the Company in Portugal. Initially, we will help you make an investment decision in Portugal with our fact sheet. We suggest that you take a look at some of the important factors that may underlie your investments in Portugal
One of the coolest reasons why you should invest in Portugal is the Golden Visa program. It is a scheme that says you can acquire residency when buying property in Portugal. This means that if there is an investment in property in Portugal, this will provide residency in Portugal and could involve setting up a company in Portugal, with minimum legal requirements and maximum benefits. With a minimum investment of € 250,000.00 on the property, you can take advantage of the Golden Visa program in Portugal.
Another important reason: why invest in Portugal or why create a company in Portugal? - is its accession to the European Union. Membership of the European Union facilitates the common currency and free circulation and trade within all member states. Portugal is a major member of the European Union in terms of service provision, biotechnology and information technology.
There are no restrictions in Portugal regarding foreign investments. Portuguese law is based on a principle of non-discrimination based on the nationality of the investor. Portugal has increasingly competitive conditions - technology, manpower, infrastructure, logistics, geographical, legal and fiscal - to continue attracting large investment projects. There are no requirements for a mandatory Portuguese shareholder and no restrictions on the repatriation of profits or dividends. The rules that will apply to a foreign investor are the same as those governing domestic investment and foreign investment is not subject to any special registration or notification to any authority (subject to mandatory registration obligations or compliance with regulatory obligations in Specific activities). Notwithstanding the foregoing, shareholders who are not residents in Portugal must obtain a Portuguese tax number for tax purposes. For residents of the European Union, this tax code can be obtained directly with the Financial Administration (in the presence or by means of a proxy); as for non-EU residents, They must appoint a representative of the tax authorities of Portugal to deal with the tax authorities.
The workforce in Portugal is highly skilled and the costs of hiring employees are lower than in other countries. This can be an important advantage for those investors interested in opening a start-up in Portugal. The country has a pool of talented young workers in industries like engineering or business. The country also has a well-developed transport infrastructure and an ICT network.
For Free Visa Assistance