Category Archives: Business in Portugal

Portugal attracts workers from all over Europe with its low property prices, good weather, and laid-back vibe, despite the fact that it’s in a rough economic patch. People who come here to work range from youngsters fresh out of university to those at the height of their careers, either looking for advancement or a change of pace. The Portugal job market can be challenging, however, especially with many industries shrinking as a result of the recent bailout. The travel and service sectors account for more than half the jobs, making it especially ideal for sales, marketing, tourism, and engineering graduates. Indeed, even in this economic environment some areas continue to flourish—for ...

Tax in Portugal applies to residents and foreign nationals alike earning income in the country, either as employees or self-employed individuals. The latter are usually required to pay taxes only in Portugal. Those who have met the requirements for foreign residency for at least 183 days are taxed on income earned both in Portugal and overseas. The Portugal tax year ends on December 31 of every year. The filing deadline is April 30 for individuals and May 31 for companies. Taxpayers can make up to three advanced payments in July, September, and December, with a fourth payment of 1% allowed on the day of the filing. Like most countries, Portugal computes tax ...

Learning the local language should be a top priority for anyone wishing to do business overseas. Although most Portuguese are conversational in English, making an effort to speak their language says a lot about your character, strengthens professional ties, and makes it easier to work in any field. Portuguese is the sixth most widely spoken language in the world. Besides Portugal, it is an official language in its former colonies, which includes Brazil, Angola, Guinea-Bissau, Cape Verde, Sao Tome and Principe, Macau, and East Timor. Around 236 million people speak it as a first language, and it is a secondary language for about 40 million more. Basic phrases such as Bom dia, ...

Portugal is one of the world’s most developed countries, ranked 26th in the world by the International Data Corporation. Classified as an open global economy, the country has made good use of its geographical advantage, natural resources, and social networks to compete alongside large European players such as France, Spain, and Germany. It enjoys good relations with the European Union, of which it has been a member since 1986. The value of the euro, its official currency, has hovered between US$1.3 and US$1.5 in early 2011. Foreign investment has always played a large role in the Portuguese economy, with its long history of political and social stability attracting investors in the ...

The Portuguese are a mix of Mediterranean, African, and fairly recent East European immigrants, resulting in a varied and vastly interesting culture. Locals are generally very friendly and accommodating, especially in tourist-heavy areas. And although most of the 10-million-strong population speaks Portuguese as a first language, English is taught in schools and everyone is at least conversational. Family and friends Portuguese families like to keep close, and extended family members stay in contact even from opposite ends of the country. Family and friends also play important roles in work and professional advancements; in fact, nepotism is seen as a positive move as it implies that one entrusts business to people he knows ...

Lisbon, like any major city, offers a variety of accommodations from €25-per-night hostels to luxury hotels charging upwards of €400 daily. On the average, prices are low compared to most European capitals, but stringent rules ensure that even the cheapest hotel delivers top quality. The downtown neighborhoods of Baiza, Rossio, Chiado, and Alfama are generally safe and close to most of Lisbon’s attractions. The Britania Hotel, one of the 25 Traveler’s Choice hotels at TripAdvisor.com, sits right inside Lisbon’s historic center. The art deco style makes it easily recognizable from the Avenida da Liberdade, a major tourist thoroughfare. All 33 rooms are equipped with satellite TV, free wireless internet, a mini ...

Entrepreneurs recognize Portugal as the most business-friendly place in the European Union. In fact, foreign investments have always played a key role in the Portuguese economy; multinationals like Delphi, Mitsubishi, Volkswagen, and Microsoft have based at least some of their business here. Several things make Portugal attractive to businessmen. Its operational costs are among the lowest in Europe, it has a spotless track record for investments, and it offers a wide range of locations at reasonable prices. The workforce is strong, educated, and open to learning new skills. Portugal is also a founding member of the EU and has excellent relations with the union, ensuring a reliable support system for investors. Portugal’s ...

Like many countries today, Portugal has a ban on online gambling. The government does not allow for its citizens to take part in the online gambling community because they are worried about these games becoming a problem for some citizens.  Many citizens in the country are frustrated with the ban because they want access to the same things that the citizens of other countries have access to. It seems unfair that there are people in the United Kingdom and in Italy who are playing these games to their hearts content, but the Portuguese government claims it is just trying to protect its people. No Online Gambling In Portugal Portugal's online casinos ban has gotten quite ...