Welcome to ILS World

Insights: Portugal's commercial advantage

Portugal is a strategic location for companies wanting to establish a presence in Europe and for investors looking for a favourable business climate.
21st July, 2022

Portugal is well connected to the rest of the European Union and, as a member of the community, its standards and laws are aligned to those in the EU in terms of commercial, import/export and business matters. The country also has good trade relations with the United States, Brazil and Africa.

The workforce in Portugal is skilled whilst costs for hiring employees are lower compared to some other EU countries. 

The business environment is attractive for entrepreneurs in all sectors and an important advantage is its openness towards foreign investors and employees. There are generous packages, many of them backed by EU funds, to attract companies and there are incentives for large investment projects and for proposals impacting positively on tourism, science and the environment. Portugal also has a well-developed transport infrastructure, ICT network and investors and expats enjoy a very high quality of life and temperate climate.

ILS World opened its Portugal office in response to client needs in 1999 and has particular expertise in assisting with holding structures for companies and properties and the Golden Visa programme. The office works in Portuguese, English, Spanish and French.

How ILS World can help:

• Name clearance and approval
• Incorporation
• Registration with Companies Registry and the tax department
• Appointment of accountants
• Registration with social security
• Fiscal representation services
• Special licence applications
• Bank account opening
• Trademark registration
• Regulatory compliance.

For further information on doing business in Portugal please contact, Managing Director Paulo Réfega at paulo.refega@ils-world.com or read How Paulo assists clients.

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Managing director Portugal

Paulo Réfega
Paulo Réfega
Managing Director Portugal