Investment framework and opportunities in Portugal

Procedures Relative to Foreign Investment

Obligation to Declare: In principal, foreign investment in Portugal is free of administrative limitations. Foreign investors, by and large, may carry out activities under the same conditions as local investors.
To establish a new business, foreign investors must follow the same rules as domestic investors, including mandatory registration and compliance with regulatory obligations for specific activities.
Competent Organisation For the Declaration: AICEP
ePortugal
Requests For Specific Authorisations: Portugal enacted a national security investment review framework in 2014, giving the Council of Ministers authority to block specific foreign investment transactions that would compromise national security.
Portuguese government approval is required in the following sectors: defense, water management, public telecommunications, railways, maritime transportation, and air transport, as well as any economic activity that involves the exercise of public authority.
Investors wishing to establish new credit institutions or finance companies, acquire a controlling interest in such financial firms, and/or establish a subsidiary must have authorization from the Bank of Portugal (for EU firms) or the Ministry of Finance (for non-EU firms). Non-EU insurance companies seeking to establish an agency in Portugal must post a special deposit and financial guarantee and must have been authorized for such activity by the Ministry of Finance for at least five years.

Investment Aid Agency: AICEP - Portuguese Investment Agency
Institute for Support for SMEs and Investment (IAPMEI)
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Portugal
Ted - Tenders Electronic Daily, Business Opportunities in the EU
DgMarket, Tenders Worldwide
Other Useful Resources: Portal dos Incentivos
Chamber of Commerce and Industry
Portuguese Tourist Institute

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