#

Business Reforms in Portugal

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2017

Getting Electricity: Portugal made getting an electricity connection faster by reducing the time required to approve electrical connection requests.

Paying Taxes: Portugal made paying taxes easier and less costly by using better accounting software and enhancing the online filing system of taxes and decreasing the corporate income tax rate.

Labor Market Regulation: Portugal reduced the maximum duration of fixed-term contracts.

DB2016

Paying Taxes: Portugal made paying taxes less costly for companies by reducing the corporate income tax rate and increasing the allowable amount of the loss carried forward. At the same time, Portugal slightly increased the vehicle tax.

Labor Market Regulation: Portugal introduced priority rules for redundancy dismissals and new regulations for collective bargaining agreements.

DB2015

Paying Taxes: Portugal made paying taxes less costly for companies by reducing the corporate income tax rate and introducing a reduced corporate tax rate for a portion of the taxable profits of qualifying small and medium-size enterprises.

Enforcing Contracts: Portugal made enforcing contracts easier by adopting a new code of civil procedure designed to reduce case backlogs, streamline court procedures, enhance the role of judges and speed up the resolution of standard civil and commercial disputes.

Labor Market Regulation: Portugal reduced the amount of severance pay per year of service and increased the maximum cumulative duration of fixed-term contracts.

DB2014

Starting a Business: Portugal made starting a business easier by eliminating the requirement to report to the Ministry of Labor.

Labor Market Regulation: Portugal reduced the wage premium for weekly holiday work and abolished priority rules for redundancy dismissals.

DB2013

Dealing with Construction Permits: Portugal made obtaining construction permits easier by implementing strict time limits to process urban projects and simplifying the associated procedures.

Trading across Borders: Portugal made trading across borders easier by implementing an electronic single window for port procedures.

Resolving Insolvency: Portugal made resolving insolvency easier by introducing a new insolvency law that expedites liquidation procedures and creates fast-track mechanisms both in and out of court.

Labor Market Regulation: Portugal increased the maximum duration of fixed-term contracts and reduced the severance pay applicable in cases of redundancy dismissals.

DB2012

Starting a Business: Portugal made starting a business easier by allowing company founders to choose the amount of minimum capital and make their paid-in capital contribution up to 1 year after the company’s creation, and by eliminating the stamp tax on company’s share capital subscriptions.

Dealing with Construction Permits: Portugal made dealing with construction permits easier by streamlining its inspection system.

DB2011

Dealing with Construction Permits: Portugal made it easier dealing with construction permits by implementing the 95 day time limit for the approval of project designs.

Registering Property: Portugal established a one-stop shop for property registration.

Paying Taxes: Portugal introduced a new social security code and lowered corporate tax rates.

Labor Market Regulation: Portugal approved a new Labor Code.

DB2010

Dealing with Construction Permits: Portugal made dealing with construction permits easier by introducing an improved fire safety appraisal system for new construction projects and faster registration of new buildings.

Registering Property: Portugal speeded up property registration through computerization at the registry backed by an amendment to the registry code making the use of notaries optional.

Trading across Borders: Portugal reduced the time required for customs clearance through staff training and improvements in customs procedures.

Enforcing Contracts: Portugal reduced the time and improved the procedures for contract enforcement by allowing electronic filing for the initiation of a suit and by reducing the need for intervention by the judge in the enforcement of a judgment.

Labor Market Regulation: Portugal increased both the notice period for redundancy dismissals and the maximum cumulative duration of fixed-term contracts.

DB2009

Dealing with Construction Permits: Portugal made dealing with construction permits easier by allowing online applications for building permits, assigning officers to each application and simplifying approvals—though it also introduced stricter control of labor regulations, adding a new procedure for inspection during construction.

Enforcing Contracts: Portugal reduced procedural complexity in enforcing contracts through the courts by raising the monetary threshold for cases going through summary proceedings.

Resolving Insolvency: Portugal made resolving insolvency easier by eliminating the formality of publishing insolvency notices in newspapers, introducing a fast-track procedure for debtors with less than €5,000 in assets, implementing new procedures to accelerate payments to insolvency administrators and limiting appeals.

DB2008

Starting a Business: Portugal made starting a business easier by eliminating outdated formalities, simplifying requirements for company registration and implementing an online incorporation system for use by lawyers.

Registering Property: Portugal reduced the time required to register property through continued computerization of real estate registries in Lisbon.

Protecting Minority Investors: Portugal strengthened investor protections by clarifying directors’ duties, introducing a statutory provision on the business judgment rule and lowering the minimum shareholding threshold relating to the right of action against directors on behalf of listed companies.

Paying Taxes: Portugal made paying taxes less costly for companies by reducing the corporate income tax rate.

Enforcing Contracts: Portugal made enforcing contracts easier by simplifying the rules for small claims and improving the case management system.

Resolving Insolvency: Portugal made resolving insolvency easier through legislation creating fast-track procedures for the voluntary liquidation of commercial enterprises.