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Companies
are exempt from:
•
Corporate tax*
• Municipal property tax
• Transfer tax
• Gift & inheritance tax
on the acquisition of real estate for the purpose of setting
up in the FTZ
• capital gains tax on sales
of fixed assets
• Local taxes
• No obligation to withhold
tax from interest on loans from other FTZ companies and foreign
banks plus on bonds issued by FTZ companies, if they are used
for investment or to enable finance operations within the FTZ
• No royalties tax or tax on
“know-how"
*(New companies (incorporated
now) will probably pay from 3 to 6% corporate tax until 2011.
The companies will be able to work under similar conditions
until 2020) |
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The
advantages:
• Use of double taxation treaties for
both direct and indirect flows of income
• Low operational costs
• European VAT number
• Implementation through European Commission
• Good geographical location
• Modern telecommunications
• Almost totally exempt from corporate taxes until 31.12.2011(will
be extended until 2020), for deals between IBCM-Companies and
non-Portuguese companies
• No restrictions on:
- The transfer of profits and capital invested;
- The transfer of funds connected with trade;
- The importation of funds.
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