Between the 179 Tech Visa Certified companies, 100 have already issued terms of liability to hire 695 foreign workers.
The current political and social instability in Spain has triggered an avalanche of tax consultations to bring Spanish citizens fortunes to Portugal. Spanish millionaires are already studying the possible transfer of their wealth to Portugal for fear of fiscal policy change due to a new government – the Spanish newspaper El Economista says.
The number of former residents returning to Portugal continued to rise in 2018, while the number of Portuguese leaving the country retreated for the fifth consecutive year, according to recently released INE (Statistics Portugal) demographics data.
The number of foreigners living in Portugal increased by 13.9% in 2018 to 480,300.
Brexit’s current political situation in the United Kingdom has contributed to the increased interest of British citizens to obtain residence permits in other countries, mainly within the European Union (EU), and Portugal is one of the main options.
The Portuguese government has been increasingly providing guarantees to British citizens regarding Brexit, ensuring them uninterrupted residence, health and voting rights for citizens who have resided in the country before 31 December 2020, even UK to leave the EU without agreement (read more here).
On July 23 was published in the Diário da República the Ordinance No. 230/2019, of July 23, which corresponds to the changes made in Ordinance No. 12/2010, of 17 January, which defines the activities of high added value for the purpose of Non-Habitual Residents (NHR) tax regime.
This Monday, July 22, applications for the Programa Regressar have opened. A program that seeks to support the return of all emigrants or Portuguese-descendants who wish to return to work in mainland Portugal.
StartUp Visa is a program aimed at foreign entrepreneurs who want to start an innovative company in Portugal and thereby obtain a residence visa and subsequently a residence permit.
The Portuguese government is finalizing changes to the NHR regime, which seeks to attract foreign skilled retired workers to Portugal by offering them generous discounts on the IRS.
With the lack of labor in Portugal, Portuguese companies will increasingly look abroad, mainly in Brazil, France and India.