Capital: Lisbon HDI: 0.822 (41st)
Language: Portuguese GDP (PPP): $280.4 billion
Population: ~ 10.8 million Currency: Euro
This Southern European country benefits from a strategic position on the Atlantic, high quality of life, and well developed service based economy. The Portuguese report higher quality of life than other EU countries such as the UK, Germany, and France, despite having lower income per capita. Currently the country is going through a period of austerity with the goal of increasing financial discipline and attracting more foreign direct investment. The government deficit has been reduced from around 10% of GDP to 4% of GDP. Portugal has experienced steady economic growth since 2014 and has been recently ranked within the top 30 most competitive countries on earth.
Portugal Economy – overview
Portugal has become a diversified and increasingly service-based economy since joining the European Community – the EU’s predecessor – in 1986.
Starting a Business in Portugal – Doing Business
Overview of Portugal Economy – This page summarizes Doing Business 2015 data for Portugal. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.
Doing Business in Portugal
This economy profile presents the Doing Business indicators for Portugal. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. The data in this report are current as of June
1, 2014 (except for the paying taxes indicators, which cover the period January–December 2013).
Industry Trends & Business Climate
Economy Profile 2016 Portugal
A comparison of the Portugal economy with other Western European countries
Export.gov – Doing Business in Portugal
The government remains committed to attracting FDI, expanding trade with South America, Africa, and Asia, and focusing on niche sectors of the economy such as tourism, renewable energy, high quality industrial components, technology services, and value-added agricultural products.
Establishing a Presence
Business Types – Types of Companies Portugal
There are four types of company that may be set up in Portugal. The two most common are private limited liability companies and public limited companies.
Business Types – Starting a Business in Portugal – Doing Business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Portugal.
Registering a Business | Portugal
This site describes the steps required to register a company in Portugal
VAT – Portugal Sales Tax Rate | VAT
The Sales Tax Rate in Portugal stands at 23 percent. Sales Tax Rate in Portugal averaged 20.63 percent from 2000 until 2015, reaching an all time high of 23 percent in 2011 and a record low of 17 percent in 2001. Sales Tax Rate in Portugal is reported by the Autoridade Tributária e Aduaneira.
Value Added Tax (VAT) | Portugal
VAT is paid at the time of purchase of a product or service. It is paid by everyone and there is no distinction between residents and non-residents.
Corporate – Portugal Corporate Tax Rate
Current and historical corporate tax rates in Portugal
PoCorporate – rtugal – Taxes on corporate income
A flat CIT rate of 21% applies on the global amount of taxable income realised by companies resident for tax purposes in Portugal mainland or in the Autonomous Region of Madeira
Income Tax Portugal Personal Income Tax Rat
The Personal Income Tax Rate in Portugal stands at 56.50 percent. Personal Income Tax Rate in Portugal averaged 43.29 percent from 1995 until 2014, reaching an all time high of 56.50 percent in 2013 and a record low of 40 percent in 1996. Personal Income Tax Rate in Portugal is reported by the Autoridade Tributária e Aduaneira.
Income Tax in Portugal
All income received by a resident in Portugal, such as salaries, capital gains and real estate income, including income obtained abroad, is taxed in Portugal by the Personal Income Tax (Imposto sobre o Rendimento das Pessoas Singulares, IRS).
Visa and Passport information to enter Portugal
To enter Portugal, you may need a Passport and/or a Visa, depending on the country you live in. Citizens from the European Community don’t need a Visa for entering Portugal. Portugal is also a signatory to the 1995 Schengen Agreement.
Portugal Visa and Passport Requirements
Nationals of Australia, Canada and the USA can stay for up to 90 days without a visa. EU nationals can stay for an unlimited period, but must register with the local authorities after three months.
Transport in Portugal
Portugal has a good infrastructure of road, rail and air transport, although it remains relatively isolated compared with other western European countries with few rail or bus routes going outside of the country.
Best Portugal Transportation on VirtualTourist
A guide to public transportation in major cities in Portugal
Telecommunications in Portugal – Wikipedia
Portugal has a modern and flexible telecommunications market and a wide range of varied media organisations. The regulatory body overseeing communications is called ANACOM. The country has one of the highest mobile phone penetration rates in the world.
Labor Rules and Regulations – Employment & Labour Law 2015 – ICLG
Q&A on labor law issues in Portugal
- Unemployment benefit in Portugal http://www.expatica.com/pt/employment/Unemployment-benefit-in-Portugal_105301.html
Labor Rules and Regulations – Labor Market Regulation in Portugal
a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, or make workers redundant for economic reasons in Portugal.
Portugal – Social Security
A guide to unemployment regulations in Portugal from the US Social Security Administration.
Business Etiquette – Business culture in Portugal
Expertise in Labour Mobility provides information on Portuguese business culture , hierarchy, negotiations, and business etiquette in Portugal
Climate of the World: Portugal
Portugal is mainly characterized by a warm temperate, Mediterranean climate with a distinct wet season in winter.
Climate – Portugal Weather, Climate and Geography
Not surprisingly, considering its close proximity to northern Africa, Portugal is one of the warmest European countries with an average temperature of 15°C (55°F) in the north and 18°C (64°F) in the south, while the Azores and Madeira are wetter and hotter respectively off the coast.
Cost of Living in Portugal
Cost of living in Portugal is 31.76% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Portugal is 59.36% lower than in United States
Cost of Living in Lisbon
The cost of basic items in Lisbon
Business Etiquette – Portugal
The Portuguese prefer to do business with those they feel comfortable with, which means those that they know they can trust.
Demographics – Portugal Demographics Profile
Demographics · Population · Age structure · Dependency ratios · Median age · Population growth rate · Birth rate · Death rate and more
Demographics of Portugal
This article is about the demographic features of the population of Portugal, including population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population.
Safety – Portugal – US Department of State
See “Safety and Security” on this site
Safety – Portugal – Department of Foreign Affairs and Trade
Safety advice from the Department of Foreign Affairs and Trade
Education and Schools in Portugal
Expats will find that education and schools in Portugal fall under one of two sectors: state and private.
Education | Portugal
Compulsory education in Portugal lasts nine years, taking pupils from the age of six to fifteen. In state-run (public) schools this basic education is free.
Holidays and observances in Portugal
A listing of national and seasonal holidays in Portugal
Portugal’s complete list of public holidays for 2015 and 2016
Portugal – US Department of State
The United States is Portugal’s second largest trading partner outside the European Union
Portuguese Customs – Portugal
Portugal Customs regulations and procedures for importing and exporting goods atPortuguese border.
Doing business – Tariffs and regulations
Tariffs and duty rates are constantly revised and are subject to change without notice.
WTO | Portugal – Member information
This site provides information on Portugal’s participation in the WTO. Portugal has been a WTO member since 1 January 1995 and a member of GATT since 6 May 1962. It is a member State of the European Union(more info). All EU member States are WTO members, as is the EU (until 30 November 2009 known officially in the WTO as the European Communities for legal reasons) in its own right.
Housing and Rentals
Portugal Accommodation Manor Houses
Specialists for manor houses Pousadas hotels villas and cottages in all regions of the country.
Tips on Accommodations in Portugal | Frommer’s
Tips on accommodations
Portugal Travel Guide | Fodor’s Travel
Don’t be fooled by Portugal’s size: this small country is packed with vibrant culture , history, and natural beauty.
Portugal Travel Coverage – The New York Times
Travel suggestions for Portugal from the New York Times