6,360 FOREIGN COMPANY SUBSIDIARIES OPERATING IN PORTUGAL.
- ESTIMATED IN 2016 BY INE
82,09% INTERNATIONALISATION OPENING DEGREE: PERCENTAGE OF WEALTH CREATED IN PRODUCTION THAT AMOUNT TO FOREIGN TRADE.
- PORDATA 2016
25,6% OF THE PORTUGUESE TURNOVER IS MADE UP OF FOREIGN COMPANIES.
- INE 2016
The Portuguese investment tax code (“PIT”) established a special tax regime for foreigners, that qualify as residents for tax purposes in Portugal: the Non-Habitual Resident regime (“NHR”). This regime, amongst many other things, aims to attract qualified foreigners and expatriates to perform high added-value activities, as well as individual investments
Under the NHR regime, income such as pensions, dividends, royalties and interest from non-Portuguese sourced income are eligible for exemption from personal income tax (IRS) over a 10-year window period.
Golden Visas date back to the early 1980s and have been facilitating visa-free travel for those who qualify. Portugal’s Golden Visa was introduced during the great recession period, with the hope that it would attract investors into the country’s market. By 2016, 2,788* golden visas were issued.
This programme grants residency in Portugal to individuals who (i)invest at least 500€ thousand, (ii) create at least 10 jobs in Portugal,(iii) buy a property built over 30 years ago or that is located in areas of urban renovation worth more than 350€ thousand, (iv) invest in artistic production or national inheritance of over 250€ thousand, or (v) transfer capital in the amount or above 1€ million. The most common nationalities that benefit from the program are Brazil, China, Lebanon, Russia and South Africa.