INVESTINPORTUGAL RIGHT PLACE. RIGHT TIME. AGRICULTURE AND FOOD INDUSTRY 2018 PORTUGUESE TRADE & INVESTMENT AGENCY IN SAN FRANCISCO PORTUGUESE GOVERNMENT
Same time zone as UK and Ireland Nearest European country to the US and Canada 1 hour difference from Central European Time 3 hours difference from Moscow 3 hours difference from São Paulo Note: In reference to UTC hours YOUR ATLANTIC GATEWAY TO EUROPE
GLOBAL COUNTRY Leading member of the Community of Portuguese Speaking Countries - CPLP 250 MILLION PORTUGUESE SPEAKING CONSUMERS Portugal is a Member State of the European Union, a founding member of the EUROZONE and part of the EU Single Market. A platform to serve Europe, with a strategic position to access key worldwide markets. Portugal and the US have a double taxation avoidance agreement and complementary FATCA.
GREAT QUALITY OF LIFE You will find that Portugal is not only a good country to invest in but also a great place to visit and live in: safe, sunny, with unique nature, rich historical heritage, great gastronomy, leisure and cultural amenities, and high quality healthcare facilities. Portugal is the World's and Europe's Leading Destination 2017. Source: World Travel Awards 2017. Portugal is 14th in The Travel & Tourism Competitiveness Index 2017. 19.1 Million Tourists 1 in 2016 (+9.8% than 2015). 1 Resident and non resident hotel guests. Source: INE, 15th February 2017. Portugal is 10 th Country with Lisbon is the World's the Best Weather and Climate. Leading City Break Destination. Source: The Huffington Post, Aug. 2016 Source: World Travel Awards 2017. Best European Country to visit. Source: USA Today 2014. Average Temperature at noon: 77ºF (Summer) and 60.8ºF (Winter). Algarve is the Best Place in the World to Retire. Source: Forbes, Retire Overseas Index (2014). Lisbon is in The Guardian's and in Lonely Planet's 2017 top list. Porto is the European Best Destination for the 3 rd time. Source: European Best Destination, 2017. Lisbon is the 2 nd Best City to Invest. Source: Financial Times, (2014). Portugal is the 3 rd most peaceful country in the World. Source: Global Peace Index 2017 Portugal has the 9 th Best Medical Assistance. Source: IMD World Competitiveness Yearbook 2017 (Out of 63 countries)
ECONOMIC KEY FIGURES 3% GDP INCREASE 2017-Q2 compared to 2016-Q2 > 40% PORTUGUESE EXPORTS AS PERCENTAGE OF GDP (2016) TOP 5 CLIENTS PORTUGUESE INTERNATIONAL TRADE IN GOODS & SERVICES 2017-Q1 $Million % Total 2017-Q1 1 Spain 4,597 22.2 2 France 2,715 13.1 3 Germany 2,228 11.3 4 United Kingdom 1,819 8.8 5 United States of America 1,213 5.7 7.8 % UNEMPLOYMENT RATE (Dec. 2017) 20% EXPORTS TO US GROWTH 2017-Q1 compared to 2016-Q1 0.9% INFLATION RATE (July 2017) 4.4% INVESTMENT GROWTH EXPECTATION until 2019 (annually) 0.9% RISE IN EXPORTS (Historic high)
INVESTMENT TRACK RECORD 1,750 Mn Euros 2015 INDUSTRIAL INVESTMENT PROJECTS SUBMITTED TO AICEP 700 Mn in auto sector 2015 BOSCH, HUTCHINSON, RENAULT, VW, CONTINENTAL, FAURECIA, PSA, BORGWARNER 140 Mn Euros in aerospace SUPPLY CHAIN: EMBRAER, LAUAK, ACITURRI, CAETANO AERONAUTICAL, MECACHROME, OGMA/THALES/EDISOFT HIGHEST EUROPEAN RATE OF POSITIVE INVESTMENT INTENTIONS 59 NEW FDI PROJECTS IN 2016 (a 25.5% increase, from 2015) EY Portugal Attractiveness Survey 2017 M&A OPERATIONS MARUBENI, ALTICE, FOSUN, VINCI, STATE GRID, APOLLO, COHORT, LA CAIXA, ARAUCO, YILDIRIM, LONE STAR FUNDS AGRO-FOOD: AMY S KITCHEN, SUNDROP, DRISCOLL S LIFESCIENCES: VIFOR PHARMA, ROCHE TOURISM: SCENIC LUXURY CRUISES & TOURS, SIX SENSES, MINOR GROUP, W HOTELS 15 th LESS RESTRICTIVE COUNTRY (FDI) The Global Competitiveness Report 2016 2017 (138 countries)
FIRST CLASS LOGISTICS 7 INTERNATIONAL AIRPORTS 22,000,000 Miles/year 11,000,000 tons CARGO/year 10 SEAPORTS SINES DEEP SEA WATER PORT 1,918 Mi MOTORWAY LENGTH 6# IN MOTORWAY DENSITY, OECD
SEAPORT LOGISTICS EXAMPLE: SINES Port of Sines: main direct lines to distant markets (Connection to other ports by feeder). MEDITERRANEAN SERVICE Bremerhaven, Le Havre, Felixstowe Hamburg, Rotterdam Antwerp, Sines, Istambul, Gemlik, Aliaga. LION SERVICE Ningbo, Shanghai, Xiamen, Yantian, Chiwan, Sines, Le Havre, Rotterdam, Antwerp, Dunkirk, Felixstowe, Valencia, Port Klang, Singapore. USNAT SERVICE Valencia, Gioia Tauro, Napoli, La Spezia, Sines, Boston, New York, Baltimore, Norfolk, Savannah, Charleston. US GULF SERVICE Barcelona, Gioia Tauro, Napoli, La Spezia, Valencia, Sines, Port Everglades, Vera Cruz, Altamira, Houston, Cristobal. CALIFORNIA EXPRESS Gioia Tauro, Civitavecchia, La Spezia, Valencia, Sines, Cristobal, Balboa, Long Beach, Oakland, Vancouver, Seattle. WAX 3 Valencia, Sines, Tangier, Abidjan, Lome, Lagos, Cotonou, Dakar. SOUTH AMERICA EAST COAST Antwerp, Rotterdam, Hamburg, Bremerhaven, Le Havre, Sines, Rio de Janeiro, Santos, Montevideo, Buenos Aires, Rio Grande, Navegantes, Itaguai. MEDCANADA SERVICE La Spezia, Barcelona, Valencia, Casablanca, Sines, Montreal.
BUSINESS FRIENDLY ENVIRONMENT EASE OF DOING BUSINESS Ease of Doing Business: 21 st (The Global Talent Competitiveness Index 2017 - out of 118 countries) Best Countries for Business: 19 th (FORBES 2016 Ranking - out of 139 countries) Global Competitiveness Index: 46 th (World Forum Economic 2016/2017 out of 138 countries) Labor Reform: increased the duration of fixed-term contracts, reduction of severance pay, new lay-off rules; Female Labor Force: 5 th (IMD World Competitiveness Yearbook 2017 - out of 63 countries) Ease of Hiring Foreign Labor: 9 th (The World Economic Forum 2017 - out of 136 countries) Time to Set up a Business: less than 1 hour; Time to Start a Business: 6 th (The Global Competitiveness Report 2016 2017 - out of 138 countries) Days to Start a Business: 4.5 (IMD World Competitiveness Yearbook 2017 - out of 63 countries) No. of Procedures to Start a Business: #3 (The Global Competitiveness Report 2016 2017 - out of 138 countries) No. of Procedures to Start a Business: 25 th (IMD World Competitiveness Yearbook 2017 - out of 63 countries) Major public services are online and several legal obligations have been eliminated, simplified MULTI-CULTURAL Portugal is TOP 4 in Cultural Openness (IMD, 2013); Portugal is very open to foreign cultures: high availability of international schools, safety record and quality of life attracts expatriates; As a result, Portugal was ranked #2 (out of 38) in the Migrant Integration Policy Index 2015 (MIPEX III), scoring 75 out of 100
INTERNATIONAL BENCHMARKING Portugal has been improving its competiveness and is the 46 th most competitive country worldwide (out of 138) with positive contribution in: Technological Readiness Innovation Infrastructure Source: World Economic Forum s Competitiveness Ranking 2016-2017 Doing Business Report 2016/17 (190 Countries) UK Germany Portugal France Spain 7th 17th 25th 29th 32nd Best Countries for Doing Business Ranking 2017 (139 Countries) UK Portugal Germany France Spain 5th 19th 21st 26th 29th Global Competitiveness Report 2016-2017 (138 Countries) AVAILABILITY OF LATEST TECHNOLOGIES RANK UK DE FR PT ES 7th 16th 17th 22nd 40th FIRM-LEVEL TECHNOLOGY ABSORPTION DE UK PT FR ES 12th 9th 29th 33rd 53rd FDI & TECHNOLOGY TRANSFER UK DE PT ES FR 13th 17th 19th 27th 28th QUALITY OF SCIENTIFIC RESEARCH INSTITUTIONS UK FR DE PT ES 2nd 9th 11th 25th 38th UNIVERSITY-INDUSTRY R&D COLLABORATION UK DE FR PT ES 6th 8th 32nd 36th 57th
TOP UNIVERSITIES 18,500 students MINHO 32 R&D facilities 11 Schools AVEIRO 32,000 students 60 R&D facilities 15 Schools 47,794 students 82 R&D facilities 18 Schools 20,000 students 41 R&D facilities 9 Schools PORTO LISBON NOVA UNIVERSITY Source: Conselho de Reitores das Universidades Portuguesas www.crup.pt CATHOLIC UNIVERSITY EVORA COIMBRA ALGARVE 14,000 students 23 R&D facilities 16 Schools 14,000 students 16 R&D facilities 20 Schools 24,000 students 40 R&D facilities 12 Schools 8,119 students 12 R&D facilities 5 Schools 9,700 students 7 R&D facilities 7 Schools
GREAT TALENT Students graduated 1 by field in 2014/2015 Electricity and Power Metallurgy and Metalworking Chemistry and Chemical Process Technology Other Engineering and Technical Skills Environmental Protection Technology Materials 88,625 Graduates 0 500 1000 1500 2000 2500 3000 3500 Students enrolled 1 by field in 2014/2015 Electricity and Power Metallurgy and Metalworking Chemistry and Chemical Process Technology Other Engineering and Technical Skills Environmental Protection Technology Materials Technology Especialization Program Master's 0 2000 4000 6000 8000 10000 12000 Undergraduate Undergraduate+Master's combined program Engineering and Manufacturing Industries Source: DGEEC (2016). 2010 2011 2012 2013 2014 2015 LISBON 1 Engineering and non-engineering programs included. 76,892 GRADUATES (2015/16) 14,743 ENGINEERING GRADUATES (2014/15) NORTH CENTER 28,987 5,303 ALENTEJO ALGARVE 25,740 5,632 16,301 3,191 2,875 290 1,667 195 The English Proficiency Index 2016 (72 countries) English proficiency 15 th EF English Proficiency Index for Companies 2016 (40 countries) Workforce English 8 th Proficiency IMD World Competitiveness Yearbook 2017 (63 countries) Availability of qualified engineers 11 th Language skills meeting enterprises needs 12 th Flexibility & adaptability 10 th University Education 17 th Science in Schools 20 th Public Expenditure on Education 10 th IMD World Competitiveness Yearbook 2017 (63 countries) Management Education 12 th
COST COMPETITIVE PORTUGAL EU SOURCE Monthly Minimum Wage 649.8 822.5 Eurostat, 2016 - AICEP, 2017 (PT) [Only applicable to 22 EU countries] Hourly labor cost 13.2 25.0 Eurostat, 2015 (whole economy excluding agriculture and public administration) Office rent 27.7 /sqf/year 42.2 /sqf/year Office space across the world, 2014 Cushman & Wakefield Industrial land cost 4.8 /sqf/year 7.6 /sqf/year Industrial space across the world, 2011 Cushman & Wakefield Electricity cost 0.1177 / kwh 0.1199 / kwh Annual consumption: 500 2000MWh 1 st semester 2015, DGEG Corporate Income Tax 21.0% 22.1% Statutory CIT rate, 1 st semester 2017
LABOR REGULATIONS WORKING HOURS COMPENSATION Regular working hours 8 daily working hours 40 weekly working hours Comp Time +2 hours a day 50 hours a week Increase limited to 150 hours/year Under collective agreement : +4 hours a day 60 hours a week Increase limited to 200 hours a year Annual Paid Vacation National Holidays 13 22 business days Guaranteed Monthly Minimum Wage Social Security Contributions Night time work Overtime Limits: a) 175 or 150 hours/year (depending on the company s size). The annual limit might be increased to 200 hours/year by Collective Bargaining Agreement; b) 2 hours per working day. 557 EUR (mainland Portugal 14 months/ year) 23.75% Employer 11% Employee 25% additional charge (between 10:00pm and 7:00am) + 25% for the first hour + 37.5% per hour thereafter on a business day + 50% for each hour on a mandatory or extra day off, or on public holidays More @ http://www.portugalglobal.pt/en/investinportugal/laboursystem/paginas/laboursystem.aspx
INFRASTRUCTURE Spain Portugal OECD Hungary Czech Rep. Poland France Germany Infrastructures QUALITY 1 Infrastructures HEALTH 1 Percentage of fiber connections over total broadband, June 2016 1.6% 6.7% 6.5% 17.9% 17.3% 16.8% 1. Source: IMD World Competitiveness Yearbook 2017 (Out of 63 countries) 29.7% 29.1% Connectivity IMD World Competitiveness Yearbook 2016 (60 countries) Communications technology meets business requirements UK Portugal Ireland 55.4 155.5 232.1 12 th 7 th 7 INTERNATIONAL AIRPORTS Portugal mainland and islands Portugal has 10 airports with connections to over 160 domestic and international destinations. France 130 Czech Rep. 119.8 Air Transport 28 th 16 th Germany 117.5 Roads 9 th Spain 105 19 th Poland 86.6 28 th Hungary Internet Bandwidth Speed per Internet User (kbps) 2016 Report 374.6 Railroad Ports QUALITY of: 29 th
INVEST IN PORTUGAL AGRICULTURE AND FOOD INDUSTRY
PORTUGUESE AGRICULTURE & FOOD INDUSTRY FDI Association PORTUGAL 2014: TOP DESTINATION of the future for water-intensive industries Stable political/social/labor environment Advanced, reliable Infrastructure in terms of Transports, Communications, Energy Qualified manpower available Flexible production capabilities, flexible environment, high readiness for change Quality certifications, high levels of quality in products, services and organizations Track record in Food Sector Science & Technology institutions with Agro- Food sector experience and skill Recognized efficiency of the supply chain, production and logistics, and quality standards 11k projects totaling $1.5Bn investment in the Portuguese agriculture & food industries since 2016 with $980M in incentives & grants.
PORTUGUESE AGRICULTURE & FOOD INDUSTRY SCREENSHOT KEY FIGURES MAIN EXPORT MARKETS Turnover (2014) $23,345M No. Companies (2015) 35k No. Employed (2014) 275k Exports (2015) $4Bn % Portuguese Exports (2015) 6.8% Out of 179 Market Countries % of total Spain 43.25% Brazil 7.23% France 7.09% Italy 7.04%
PORTUGUESE AGRICULTURE & FOOD INDUSTRY Agriculture and agro-industry are Portugal s fastest growing export sectors. The average export growth of agro-food was 7.9% over the last 5 years, fueled also by the multinational effect. The sector is 20% of the Portuguese manufacturing industry; mostly SMEs. IMPORTANCE OF AGRIBUSINESS IN THE PORTUGUESE ECONOMY: 4.50% GDP 6.80% Exports Several major international companies have chosen Portugal to invest: Nestlé; Unilever; Sicasal; Nobre; Fromageries Bel; Carlsberg-Unicer; Heineken; Dat-Shaub; Bonduelle; Schreiber Foods; Bimbo, ASR Group; Ardo; Stolt Sea Farm; Fairfruit; and also the Californians Driscoll s and Amy s Kitchen. Strong technological developments in recent years have increased the Portuguese competitiveness in this sector - namely in production and management systems and innovation and product quality. DID YOU KNOW? The Portuguese brewing industry has the 5 th largest export intensity in the European Union; The Portuguese tomato industry is the 5 th largest global exporter; Portugal was the 41 st world s largest exporter in the agricultural industry in 2015; Portuguese Sovena is the world s largest exporter of olive oil; The Fish canning industry has reached record high exports.
SOMEMAJORINTERNATIONALCOMPANIESINPORTUGAL
SOMENOTORIOUSPORTUGUESECOMPANIESANDORGANIZATIONS ANDSOMEPORTUGUESESTARTUPS
HIGH POTENTIAL FOR AGRICULTURAL DEVELOPMENT Usable agricultural surface (SAU) 5.4 million acres; Widespread Availability of Agricultural Land Plots; Average dimension Irrigated Area Average Usable Agricultural surface is 30 acres per land plot. 158,000 acres (8.5% of Usable agricultural surface ) A v e r a g e f a r m s i z e
HIGH POTENTIAL FOR AGRICULTURAL DEVELOPMENT Portugal s mild and sunny weather allows for earlier productions, in many cases outside the normal production seasons of Central and Northern Europe. Portugal has the highest number of average sunshine hours per year in Europe. Untapped agricultural potential in its Mediterranean climate offers scope for the growth of two crops per year. The flavor and aroma of Portuguese fruits and vegetables, a well known characteristic recognized by consumers in Northern Europe and all over the world, constitutes a differentiation that is not easy to rival. Latest technologies; Over 3,000 hours of sunshine per year; Soil diversity & large plots.
W A T E R ALENTEJO S ALQUEVA EUROPE S LARGEST WATER RESERVE AREA OF INFLUENCE IRRIGATED AREA RESERVOIR CAPACITY INDEPENDENT WATER SUPPLY INVESTMENT 3,860 sq mi 420,000 acres 3.3 million acre-feet 4 years 2.5Bn
W A T E R ALENTEJO S ALQUEVA EUROPE S LARGEST WATER RESERVE 23 bypass dams 37 secondary pump stations 5 small power plants 979 mi of underground pipelines 172 mi of channels 3973 hydrants 6 pump stations
W A T E R ALENTEJO S ALQUEVA EUROPE S LARGEST WATER RESERVE Crops Aptitude Crops Aptitude acres acres Almond 49,421 Lettuce 56,834 Corn 127,259 Wheat 70,425 Garlic 42,996 Barley 77,591 Potato 19,027 Oat 71,660 Onion 41,514 Peas 82,780 Melon 72,649 Sorghum 48,186 Tomato 47.000 Sunflower 39,537 Plum 116,140 Beetroot 74,132 Citrus 23,475 Chicory 26,934 Pumpkin 45,467 Rucula 56,340 Peach 56,834 Apple 29,653 Pomegranate 63,753 Proximity to Markets High Security monitoring System Good quality soils Excellent Infrastructures
W A T E R ALENTEJO S ALQUEVA EUROPE S LARGEST WATER RESERVE SOME PRODUCERS AND CLIENTS
W A T E R ALENTEJO S ALQUEVA EUROPE S LARGEST WATER RESERVE INCENTIVES AND ADVANTAGES PRODUCTIVE INVESTMENT Financial incentives (Portugal 2020) Agriculture: 30%-50% Agroindustry: 35%-45% EDIA ALQUEVA DEVELOPMENT AND INFRASTRUCTURE COMPANY Assistance with decision-making process by providing information on farming land and lots; Assistance with development of partnerships with local farms and businesses; Provision of technical and economic information.
INVESTINPORTUGAL INCENTIVES & GRANTS
INCENTIVES & GRANTS Incentive instruments were revised, simplified and reinforced. NEW ADDED VALUE PROPOSAL OTHER INCENTIVES PRODUCTIVE INVESTMENT Financial incentives (Portugal 2020) Tax incentives (Investment Tax Code) R&D INVESTMENT Financial incentives (Portugal 2020) Tax incentives (SIFIDE II) HIRING INCENTIVES NON-HABITUAL RESIDENTS Flat rate for qualified expatriates Source: Portuguese Government.
PRODUCTIVE INVESTMENT SCOPE FINANCIAL INCENTIVES New products or services; New production methods or processes; Innovation must be at least nationwide (non SME). TAX INCENTIVES Investment projects with positive impact on innovation and jobs creation. ELIGIBLE EXPENSES Tangible Fixed Assets: machine, equipment and buildings; Intangible Fixed Assets: software, technology transfer; Training expenses. Tangible Fixed Assets: machine, equipment and buildings; Intangible Fixed Assets: software, technology transfer. NATURE OF SUPPORT MAXIMUM SUPPORT Loan: 30% of eligible expenses as an interestfree loan; 8-years reimbursement period; Cash Grant: Loan conversion of up to 60% of the incentive depending on the performance of the project. 30% Base rate Corporate Income Tax Credit from 10% up to 25% of eligible investment; Tax benefits up to a 10-year period after the conclusion of the investment. Exemption from Municipal Property Tax, Municipal Tax and Stamp Tax Transactions. Financial grants combined with tax incentives, applied to the same expenses may not exceed 25% of the eligible investment (tax credit + cash grant + loan interest saving). For projects located in Lisbon and Algarve regions, only investments in new activity are eligible up to a limit of 10% of the eligible investment. 10% to 25% Source: Portuguese Government.
R&D INVESTMENT FINANCIAL INCENTIVES TAX INCENTIVES SCOPE Investment in R&D activities to develop new products/services or new production methods or processes. ELIGIBLE EXPENSES Costs with technical staff dedicated to R&D activities; Acquisition of services from third parties, including technical and scientific assistance and consulting; Purchase of scientific and technical instruments and equipment (depreciations during project); Costs associated with patents registration and acquisition. NATURE OF SUPPORT Base Rate: 25% of eligible expenses; Bonuses: up to +60 pp according to project scope and company size; Cash Grant: up to 1,000,000.00 of incentive; For incentive amount that exceeds 1,000.000.00, 25% as an interest-free loan and 75% as cash grant. Corporate Income Tax Credit: Base rate: 32.5%; Incremental Rate: 50% of the increase in expenses incurred during that period compared to the average from the previous two fiscal years, up to 1,500,000.00. MAXIMUM SUPPORT Financial grants combined with tax incentives, applied to the same expenses may not exceed: 80% of Gross Grant Equivalent for Industrial Research Projects; 60% of Gross Grant Equivalent for Experimental Projects. Source: Portuguese Government.
HIRING INCENTIVES INTERNSHIPS TARGET Unemployed aged between 18 and 30 (inclusive), with a qualification level 3. Unemployed aged over 30 and under 45, if registered for at least 12 months at an employment center. FINANCIAL GRANT In EUROS CONDITIONS Qualification High-school Graduate (Level 3) Meal Allowance Work Insurance Salary Support* Total Monthly Support 328.63 436.69 Monthly support for Total Salary. Duration: 9 Months* Vocational High-school Graduate (Level 4) 356.02 464.08 Post High-School Education (Level 5) 383.40 491.46 94.17 13.89 Bachelor Degree (Level 6) 451.87 559.93 Master Degree (Level 7) 465.56 573.62 ENTITY IN CHARGE Public Employment Service (IEFP). PhD (Level 8) 479.25 587.31 * General rule Source: Portuguese Government. * General rule
HIRING INCENTIVES CONTRATO EMPREGO PROGRAM TARGET Unemployed people (registered at employment center for at least 6 months). Unemployed people aged under 29 or over 45, if registered for at least 2 months at employment center. FINANCIAL GRANT One time support* depending on contract type: Permanent contract** Fixed-term contract (minimum of 12 months) * Three payments ** Obligation to maintain the contract for 24 months Source: Portuguese Government. 3,791.88 1,263.96 CONDITIONS This measure is not cumulative with the Exemption of Social Contributions. There are three calls during the year: February, May and October. ENTITY IN CHARGE Public Employment Service (IEFP).
HIRING INCENTIVES EXEMPTION OF SOCIAL CONTRIBUTIONS TARGET Young people looking for first job, aged under 30 years. Long-term unemployed (registered at employment center for more than 12 months). TAX EXEMPTION 50% Exemption from payment of Social Security Contributions [23.75%]: Young people looking for first job: 5 years support Long-term unemployed: 3 years support 23.75% CONDITIONS Exemption only applies to permanent contracts. This measure is not cumulative with the Contrato Emprego Program. ENTITY IN CHARGE Social Security. Source: Portuguese Government.
EXPATS TAX REGIME + World Class Talent in Portugal. TARGET Qualified Expatriates in (i) high added-value activities, (ii) scientific, artistic or technical activities, and (iii) upper management positions. INCENTIVES FOR EMPLOYEES Flat rate for Income tax of 20% ENTITY IN CHARGE Tax Authority. (plus 3.5%) for 10 years. 20% Source: Portuguese Government, IMD Report 2013, MIPEX III 2011. US PORTUGAL CONVENTION FOR THE AVOIDANCE OF DOUBLE TAXATION: https://www.irs.gov/pub/irs-trty/portugal.pdf FATCA: https://www.treasury.gov/resource-center/tax-policy/treaties/documents/fatca-agreement-portugal-8-6-2015.pdf
TOP SUPPORT We provide free of charge Portuguese Government public service aicep Portugal Global is your one-stop-shop. Close to you, to take you further. INVESTMENT PROMOTION AGENCY ONE-STOP-SHOP AGENCY TRADE PROMOTION AGENCY TOP 1 AICEP was recognized as top investment promotion agency in National/Western Europe in the 2017 Best to Invest Top IPA Awards. Source: Site Selection Magazine. TOP 10 AICEP is one of the Top 10 Investment Promotion Agencies that best responds to requests from investors. Source: World Bank. INFORMATION CONTACTS INCENTIVES & GRANTS LOCATION HUMAN RESOURCES BUSINESS PARTNERS INCENTIVES To help you finding the site that suits your project, AICEP will introduce you multiple location alternatives and will bridge you with utility suppliers. To support in the search of human resources and professional training, bridging contacts with Portugal s employment authorities and schools. AICEP will promote contacts with local suppliers and business partners that add value to your project. AICEP will analyse your eligibility to innovation, R&D, production and employment incentives.
SITE SELECTION AVAILABLE INDUSTRIAL LAND The country offers a wide range of industrial areas and ready-to-use business parks, with on-site infrastructures and utilities, private or local Government-owned. Through Global Find, a web based search engine for business locations in Portugal, the following sites are identified: 10,436 plots 4,291 available plots 271 business parks AICEP can assist you with the site selection process. Fact-finding tours are organized to the best suited locations in close contact with local authorities. No Parks 1 Park 2 Parks 3 Parks More than 3 Parks http://globalfind.globalparques.pt/
STREAMLINED PERMITTING Smooth setting up AICEP Environmental Authorities Land Management Authorities Regional and Local Authorities Ministries AICEP can help! The Portuguese Government launched an Investment Committee to provide permanent support to investors to facilitate the setting up of their business, mainly by providing assistance in obtaining all the permits and licenses required. This Committee consists of different stakeholders in the areas of zoning, environment, industry, etc., and they all get a global panorama of how their individual decisions impact those of others. As a result, a project timeline is agreed upon: this tool comprises all the licensing process and the legal deadlines are thoroughly monitored, as well as the institutions involved at each stage, which then results in accountability: the outcome is a rapid response from the public administration entities while overcoming procedural bottlenecks and speeding up the process.
OVERSEAS NETWORK & FDI SCOUTS
INVESTINPORTUGAL RIGHT PLACE. RIGHT TIME. Filipe Costa: filipe.costa@portugalglobal.pt Portuguese Trade & Investment Commissioner to the Western USA Olga Benquerença: olga.benquerenca@portugalglobal.pt USA & Canada Head of Investment - Portuguese Trade & Investment Agency www.investinportugal.pt