Blog

Not all lost in NHR incentives

by

By Essential Business Posted 19 Outubro, 2023 In New Airport, News, NHR Regime, Tax The Government’s decision to end the Non-Habitual Residents tax regime next year may pave the way for a new tax incentive aimed at scientific researchers and innovators. The new tax incentive will “allow a series of professions to continue to benefit from reduced tax income” according to … Read more

Portuguese companies concerned over falling exports over Middle East conflict

by

By Essential Business Posted 19 Outubro, 2023 In Agriculture, Economy, Exports, News As if the Ukraine conflict wasn’t bad enough, some 933 Portuguese exporters have now been caught in the Middle East crossfire according to an exclusive report by the online news source Eco. Israeli clients are said to have postponed business trips and have cut orders in food … Read more

Magic Beans grows 23% in revenues

by

By Essential Business Posted 16 Agosto, 2023 In Companies, News, Start-Up, Technology The Portuguese company Magic Beans, which specialises in technology advisory services, saw revenues grow 23% in H1 2023. Its goal now is to grow by over 50% for the year after having achieved a €3 million in revenues em 2022. Magic Beans has remained focused on the internationalisation of … Read more

Mortgage repayments up 40%

by

By Essential Business Posted 18 Agosto, 2023 In Interest rates, Mortgage lending, News Successive rounds of ECB interest hikes have filtered down to Portugal’s housing market putting an extra 40% on the average monthly mortgage repayment to €370. This is according to data from the National Statistics Institute (INE) that shows an additional €106 in relation to July 2022, which … Read more

Tourism revenues up 38.3% on 2019

by

By Essential Business Posted 16 Agosto, 2023 In Hotel, News, Tourism Tourism registered €2.5Bn in total revenues for the first half of 2023, most of this amount (€1.9Bn) were revenues made from overnight stays. These increases were on the back of an increase in overnight stays, with the average price per night in Lisbon at €152,6 and in the … Read more

Government’s controversial housing policy “not unconstitutional” says president

by

By Essential Business Posted 18 Agosto, 2023 In More Housing Package, News Portugal’s President Marcelo Rebelo de Sousa has ruled out sending a controversial set of public housing policies that include coercive rental measures to the constitutional court to decide if the government has trampled on citizens’ individual property rights. The deadline to either forward the bill … Read more