Government creates credit line for emigrants returning to invest

By TPN/Lusa, in News · 17-03-2019 07:27:00 · 5 Comments
Government creates credit line for emigrants returning to invest

Portugal has approved a credit line for Portuguese emigrants aiming to invest in the country on their return, minister of foreign affairs Augusto Santos Silva said at the end of a cabinet meeting.

Santos Silva said the credit line - which is one of the measures included in the country's "Return Programme" - will now be analysed by an interministerial commission, which will be created to operate and accompany the programme.

He said many emigrants would return to Portugal as entrepreneurs and that the country had confidence in the future success of the programme.

Santos Silva exemplified the success of the programme by referring to a credit line that was created for Portuguese emigrants and descendants in Venezuela worth €50 million.

The "Return programme" also includes tax benefits for emigrants returning this year and in 2020.

Emigrants will see their taxes halved as an initiative to entice them back to the country.


Comments:

Like Manuel da Cal comment, I'm in identical situation. Although in my case coming from Norway. Funds to get up and running allied with some tax helping hand. It's not only quite desirable but deeply needed.
In my case left Portugal alone, but will return with a wife. Looking to establish in one of the most "forgotten and underdeveloped" regions of the country. That is a challenge in itself. Cheers

by C R from Other on 30-03-2019 08:02:00

The communists are all dying out, thanks goodness!

by Anna from Madeira on 20-03-2019 12:28:00

Olá gostava mais informação sobre este assunto

by Jose Aguiar from Madeira on 18-03-2019 07:13:00

Interested to know more currently in South Africa getting our papers in order to go back to Portugal to buy a farm to do commercial farming but need funds to get up and running.

by Manuel da Cal from Other on 18-03-2019 06:57:00

Why Portugal has enough communists

by Joe cona from Porto on 18-03-2019 02:39:00
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