The government program includes tax incentives for start-ups and small and medium-sized businesses, as well as a digital residency plan to attract talent, according to a document presented this Wednesday to the Assembly of the Republic.
The executive branch proposes to reduce taxes on SMEs (small and medium-sized companies), permanently end the special account payment, and strengthen the deductibility of IRC profit collection from companies that invest in the economy.
The government intends to establish “favorable tax treatment for start-ups” and for stock option plans, subscriptions or purchases of securities in favor of employees, known as “stock option plans”, as well as proposing to strengthen the “patent box” (tax benefits for companies engaged in innovation ) up to 85%.
The program aims to start a new cycle of the National Enterprise Strategy, which aims to “double the main indicators (number of start-ups, weight in GDP, jobs and investment attraction) by allocating 125 million euros from the PRR. [Plano de Recuperação e Resiliência] specifically for “start-ups” and incubators”, supporting the establishment of the headquarters of the European Start-up Alliance in Portugal as a permanent European enterprise structure.
The executive branch’s goal is to support “projects that demonstrate real economic value and the services the government provides to companies and citizens,” promote the creation of programs and laboratories to experiment with these technologies, and “accelerate the availability of funds and financing.” programs to introduce proof of concept and pilot projects in these areas.”
The government plans to encourage participation and celebration of the “European Cooperation Protocols for the Establishment, Evaluation, Standardization and Regulation of Blockchain-Based Services and Technologies.” [tecnologia de registo distribuído que visa a descentralização como medida de segurança]”, with the aim of ensuring that Portugal is at the forefront of the implementation of the Digital Europe programme.
The document also includes simplification of the processes of admitting immigrants, acquiring and retaining foreign talent, as well as expanding the KEEP program, which aims to retain talent and highly qualified workers from startups, promoting StartUP It. aims to cross-border as a plan to attract foreign entrepreneurs wishing to develop a project in Portugal.
Author: Lusa
Source: CM Jornal
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