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Ordinance nº 208/2017: Tax Benefits that Boost the Interior of Portugal

Ordinance No. 208/2017, established by the Portuguese Republic, is a legislative instrument that plays a fundamental role in promoting the economic and social development of the interior of the country. This regulation creates a favorable environment for companies and entrepreneurs, offering attractive tax benefits, which aim to stimulate investment and business establishment in regions with low population density.

Stimulating Investment in the Interior:

Through Ordinance No. 208/2017, the Portuguese government established a series of tax incentive measures to attract investors and companies to the interior of the country. These measures aim not only to balance the geographic distribution of investment, but also to contribute to social and economic cohesion, promoting the sustainable development of less populated regions.

Reduction of Tax Fees and Incentives:

One of the main provisions of this ordinance is the reduction of fees and the granting of tax incentives. Companies that establish themselves in low-density territories, such as Póvoa de Lanhoso, can benefit from a reduced or even zero municipal tax, providing a lighter tax burden and favoring business growth.

Furthermore, the IRC (Corporate Income Tax) rate is significantly reduced for small and medium-sized companies (SMEs) that are established in the interior. Applying a lower tax rate on the first €50,000 is an effective strategy to encourage the creation and expansion of businesses in this region.

Stimulus for Job Creation and Professional Training:

Ordinance No. 208/2017 also provides for increases in support granted by the IEFP (Institute of Employment and Professional Training) for companies located in the interior. These bonuses encourage the creation of jobs and professional training, contributing to local development and the qualification of the workforce.

Opportunities for Entrepreneurs in the Interior:

This ordinance represents a unique opportunity for entrepreneurs who wish to establish their businesses in low-density territories. In addition to tax benefits, the interior of Portugal offers an attractive quality of life, lower operating costs and the possibility of integrating into a welcoming local community.

Ordinance nº 208/2017 is a crucial mechanism to reverse the disparity in development between the coast and the interior of Portugal. By providing substantial tax benefits, this instrument encourages investment, job creation and economic growth within the country.

For entrepreneurs, it is an unmissable opportunity to explore new horizons and contribute to the development of less densely populated regions. To find out more about how to take advantage of the tax benefits offered by Ordinance nº 208/2017 and establish your company in the interior of Portugal, contact us. We are here to guide you and help you thrive in this business-friendly environment.

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