“This may cause companies to move to Portugal, where the regime is identical to Spain now, to operate from there in our market. All this with a fiscal rise that is anecdotal, but that can scare away investment because it seems larger than it is, since most of the socimis share almost all of its benefits, “says Postcard Template Word senior advisor, Miguel Ferre. “It is a country that is growing very much and for which we are going to bet in the future,” explains a senior official of one of these companies. The big companies in the sector, such as Merlin and Lar, have positioned themselves in recent months in this booming market. Without going any further, the company led by Ismael Clemente bought two buildings in January for 112 million. In the medium term, the firm has set itself the objective of leading the Portuguese market. Also the great fortunes are betting on Portuguese brick. «It has gone from being a mainly local market to being covered by foreigners. And, according to our calculations, 60% of them land in Portugal for the tax advantages, “says Francisco Xavier Esteves, CEO of luxury real estate Barnes in Portugal.
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Likewise, Portugal has a nominal rate of 21% in Corporate Tax -to which surcharges can be added-, compared to 25% in Spain, while it has types in the IRPF similar to those in Spain. It also has neither inheritance nor inheritance tax: advantages that have made Pricewaterhousecoopers define it as “the best kept secret in Europe” from a fiscal point of view.
But in what Portugal highlights in the face of the companies, more than its fiscal invoice, it is for its political and regulatory stability. “Given the political unrest in Spain, there have been investments that due to this climate have focused on Portugal. That has happened: the instability of other countries has benefited the country. The companies have discovered Portugal thanks to a work not of a government, but of several, as well as of the social and economic fabric, that have created a virtuous circle. Added to this are fiscal incentives that have been respected for companies, “says the director of the department of tax law in Portugal of Postcard Template Word, Gonçalves Pereira, Diogo Ortigão, who sets an example to the hotel industry” when there was a city in Spain with graffiti that they did not want more tourists », in reference to Barcelona. «Mercadona is started in Portugal, and companies such as Google or BNP Paribas are betting more and more», points out the partner of the Portuguese firm of consultants, Conceito, Pedro José.