Investing in Portugal: a comprehensive guide for foreigners

Portugal is an increasingly attractive country for foreign investors. The country's favorable business climate, stable economy and numerous tax advantages are just some of the reasons for this attractiveness. If you're thinking of investing in Portugal, this article will guide you through the administrative and tax steps you need to take to make your project a reality.

Obtaining a NIF Portugal tax identification number

When you're planning to do anything in Portugal, it's essential to apply for and obtain a NIF. For administrative or financial purposes, this 9-digit number is verified before an individual's name.

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It is therefore essential to apply for this number before setting up your place. Click to read more about the documents you'll need and the steps you'll need to take to obtain your NIF. Note that you can apply for the NIF online or at a Portuguese tax office.

Understanding the different types of investment available in Portugal

Once you have your NIF, you need to find out about the different types of investment you can make in Portugal. In fact, the country offers a wide range of investment opportunities for foreigners. These range from real estate to companies to investment funds. The type of investment you choose will depend on your financial objectives, your risk profile and your knowledge of the Portuguese market.

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Benefit from Portugal's tax advantages

As you're no doubt aware, this may well be what attracts you to Lusitania. To attract investors, the country has put in place attractive tax measures. To make the most of your situation, you need to find out about the tax advantages available to you. 

As you're entering a new environment, don't hesitate to ask the advice of entrepreneurs who have already invested in Portugal. You may benefit from a reduced or deferred tax rate on dividends or other investment income.