Portugal’s beauty, authenticity and great diversity are reasons enough to succumb to its charms. It is truly extraordinary how such a small country holds such a varied landscape, history, culture, tradition, architecture and gastronomy. Not to mention, of course, the famous hospitality of its people.
From world-class seafood and sunny Atlantic beaches to vibrant culture, cosmopolitan cities and vineyards aplenty, Portugal is an attractive prospect for tourists and real estate investors alike.
With an average of 300 days of sunshine each year, Portugal is an immensely popular place to live and visit. This, combined with a favourable tax regime and relatively low property prices compared to other European nations.
As a general rule, there are no restrictions in Portugal with respect to foreign investment. Portuguese law follows a principle of non-discrimination based on the investor’s nationality. There are no requirements as to having a Portuguese shareholder and no limitations on the repatriation of profits or dividends.
The rules applicable to foreign investment are similar to those that rule domestic investment. Foreign investment is not, as a general rule, subject to any special registration or notification to any authority (without prejudice of mandatory registration obligations or compliance with regulatory obligations in specific activities).
Portugal 2030 puts into practice the Partnership Agreement between Portugal and the European Commission to apply 23 billion euros of European funds in projects that stimulate and develop the Portuguese economy, between 2021 and 2027.
How it applies
The total amount available to finance projects will be distributed through programs, organized by themes and regions.
It is within the scope of each program that support will be created and the conditions to be met by anyone wishing to apply will be defined.
Who can be supported
- Municipalities and other public bodies
- Cooperatives, associations, private institutions of social solidarity, and other private entities.
The beneficiaries of the support will be defined in the opening notice of each application.
MORE INFO (in Portuguese):
# Portugal 2030
# CENTRO DE INFORMAÇÃO EUROPEIA JACQUES DELORS