The new tax benefits for companies in 2024 promise to revitalise the business fabric in Portugal. These tax benefits cover several crucial areas, including financing, innovation, internationalisation and financial supervision. In this way, Portuguese companies will be able to count on a comprehensive set of measures aimed at increasing their competitiveness and attracting more investment.

Tax Incentives for Investors

Firstly, the new tax benefits for companies include favourable tax conditions for investors. Those who invest in debt instruments and shares in Portuguese companies will benefit from a more attractive tax environment. Specifically, this measure aims to diversify corporate financing sources, allowing companies to access financial resources more efficiently.

Support for Startups and Innovation

In addition, the new tax benefits for companies also focus on supporting start-ups and innovative companies. Specifically, new companies and those that invest in research and development (R&D) will receive concrete tax incentives. Thus, these measures stimulate the creation of new ideas and the implementation of advanced technologies, strengthening the country's capacity for innovation.

Facilitating financing

In order to make access to finance even easier, the new benefits include various initiatives. These include simplified procedures for SMEs to access the capital market. There will also be incentives for more Portuguese companies to list on the stock exchange, increasing transparency and visibility on the global market. In addition, stimuli for venture capital and business angels aim to encourage investment in start-ups and companies in the early stages of growth. Crowdfunding platforms and other innovative forms of financing will also be encouraged, allowing more flexible and less expensive access to financial resources.

Internationalisation of Companies

In short, the new tax benefits for companies are not limited to the domestic market. In order to encourage internationalisation, there will be specific tax incentives for companies that expand their operations to foreign markets. Specifically, this measure aims to increase the presence of Portuguese companies in the global market, contributing to sustainable economic growth.

Strengthening Financial Supervision

Finally, strengthening financial supervision is an important pillar of the new tax benefits for companies. Thus, the independence of financial regulators will be strengthened, guaranteeing effective and independent supervision. Such actions promote transparency and accountability in the financial sector, preventing fraudulent and abusive practices.

In conclusion, these benefits offer a robust set of measures aimed at strengthening Portuguese companies' competitiveness and capacity for innovation. These initiatives are crucial to guaranteeing a dynamic and attractive economic environment for investors and entrepreneurs.

Serro & Andrade has long and reputable experience in working with companies and investors. Don't hesitate to contact us taking advantage of these new, frankly good, investment opportunities.