Investing in a multi-fund strategy moves one step closer to financial growth
Fresh Take:
Portugal's development bank is planning to establish a fund-of-funds, incentivizing institutional investors like pension funds and insurers to invest in national businesses, according to a communiqué. The Association for Promotion of the Competitiveness and Innovation of Portugal (APCRI) considers these moves as a positive step, responding to needs identified by theDraghi report.
Stephan de Moraes, APCRI's president, notes that to grow the Portuguese economy, more private capital and professional management are necessary for industrial and technological companies. To achieve this, he suggests the need for concentration operations that improve the efficiency and innovation capacity of the companies involved.
These measures may require revising the fiscal deductibility regime for company goodwill and revisions to the SIFIDE model, according to APCRI. This could incentivize concentration operations and ensure funds are invested wisely in innovative businesses, rather than being seen as mere tax benefits.
The newly-elected, AD coalition (PSD/CDS) Government of Portugal presented its Program of the XXV Constitutional Government over the weekend, focusing on areas like state reform, immigration, income increase, security, housing, and defense, among others.
António Leitao Amaro, the Minister of the Presidency, described the document as an ambitious plan to transform the country, organized around 10 priority axes. For elaborative insights on the fiscal deductibility regime and the SIFIDE model, it's vital to stay tuned for further updates from the government or economic policy announcements.
Meanwhile, the Portuguese government has made adjustments to the Golden Visa program,NOW eliminating real estate investments and focusing on sectors like venture capital funds, job creation, and research activities. The Non-Habitual Residence (NHR 2.0) tax regime continues to offer attractive tax benefits for investors satisfying specific conditions.
In the Golden Visa program refresh, investments are now channeled into venture capital funds, job creation, and research activities.
The NHR 2.0 tax regime remains attractive, offering a flat 20% tax rate for 10 years on Portuguese income under certain conditions.
For further details on the fiscal deductibility regime and the SIFIDE model, keep an eye on government announcements specific to industrial and technological investments.
The Portuguese government, adjusting the Golden Visa program, now directs investments towards venture capital funds, job creation, and research activities.
The government's development bank, in response to the needs identified by the Draghi report, is planning to establish a fund-of-funds, incentivizing institutional investors like pension funds and insurers to invest in national businesses, particularly those in the industrial and technological sectors.
