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Business Incentives
The following information has been translated using google translate (see both below). It is therefore not officially accurate. The translated words may not be correct and maybe misleading. This information may change at any time. You should make your own enquiries as regards accuracy and updates.
INDUSTRY
- Exemption from duties, excise and customs fees on imports of general goods equipment and materials listed;
- Isenção de pagamento de IUR sobre rendimentos gerados por cada novo estabelecimento industrial averbado durante um período de 3 anos; Exemption from IUR on income generated by each new plant annotated over a period of three years;
- Livre exportação de produtos; Free export of products;
- Dedução de impostos sobre lucros reinvestidos. Deduction of taxes on reinvested profits.
(Decreto-Lei nº108/89, de 30 de Dezembro) (Decree-Law No. 108/89 of 30 December)
TOURISM
Exemption from customs duties on imported materials for construction and operation of hotels, resorts, marinas, golf course, as well as other tourism-related activities;
- Isenção do IUR: 100% nos primeiros 5 anos de actividade e 50% durante os 10 anos seguintes; Exemption from IUR: 100% in the first five years of activity and 50% during the next 10 years;
- Dedução de impostos sobre os lucros reinvestidos em actividades similares; Deduction of taxes on profits reinvested in similar activities;
- Dedução na matéria colectável de despesas com a formação de trabalhadores nacionais; Deduction in the taxable expenditure on training of national workers;
- Livre exportação de produtos. Free export of products.
(Lei nº 42/IV/92, de 6 de Abril) (Law No. 42/IV/92, 6 April)
Related articles:
Setting up a business
Importation
