Being a member of the European Union, Portugal offers its citizens complete freedom to move and work in the EU. This, of course, is in addition to the visa-free access to 173 countries. The stunning beaches and pleasant climate make this country a highly enjoyable place to live. Easily one of the most forward-thinking countries, Portugal consistently implements bold initiatives, such as decriminalisation of drugs, supported by advanced healthcare and education systems, which contribute to the long-term embetterment of the society.

Being a member of the custom union and, since 1999, of the eurozone carries countless advantages for Portuguese companies. For one, businesses get access to the second largest market in the world with all its demand potential. In addition, enterprises get to enjoy the world-class financial and legal infrastructure, as well as the access to a large pool of highly-educated workforce.

The flat tax rate of 20% is a major attraction for high net worth individual from around the world who seek to reduce their tax bill. Portuguese government incentivizes active asset management on its territory by making it easy and cost-effective to pass on and inherit wealth. No-double-taxing treaties with a number of countries will also prove advantageous for effective finance management.

Key Facts

Location

Iberian Peninsula

Population

10.32 million

Neighboring countries

Spain

Average temperature (summer)

74°F (24°C)

Average temperature (winter)

52°F (11°C)

Languages

Portuguese

Form of government

Semi-Presidential Republic

Corporate tax rate

21%

Currency

Euro

GDP

$310.7 billion

GDP growth

0.70%

Inflation

1.37%

Unemployment rate

8.90%

Average salary

$16,800

Key industries

Electronics, Machinery, Automotive

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In Portugal, we offer the following services

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  • Accounting & Finance
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