British companies fleeing Brexit show increasing interest in moving to Portugal

There are “multiple and substantiated” proposals of interest. British companies turning their backs on Brexit are looking more and more at Portugal.

Who says this is Bernardo Trindade, the man in charge of the Task Force set up earlier this year under the auspices of prime minister António Costa (click here).

Portugal In’s brief is to capture investment fleeing the consequences of Brexit – and that is exactly what it is managing to do.

Says Lusa today as a number of events have been promoted in London (click here), interest has come in from the financial sector as well as firms involved in tourism.

Said Trindade who is today leading “The Portuguese Offer” initiative, companies interested in Portugal “want to know our capacity for taking them in, in terms of infrastructures, political stability, taxation laws. Interest, which in itself is interesting, is for Lisbon, Porto, the autonomous regions (Azores and Madeira), the Algarve and the interior”. Trindade suggests that this leaves the team “very satisfied” “as it is a scenario that (Portugal) not encountered for some years”.

With the ministry of the economy flying the national flag in London since Thursday, Portugal In’s intervention has seen collaboration with business association AICEP and its Portugal Global initiative, and Invest Lisboa.

Said Trindade, formerly PS secretary of state for tourism under José Sócrates, the events have been “an opportunity to organise our offer – the offer of a country that wants to be a world leader in investment in all its regions, a country that has political stability, very acceptable levels of taxation and the capacity to welcome diverse sectors of activity.

For companies that are in the UK and want to move, Portugal “offers a country that has historic and cultural connections, a population universe of more than 260 million people (taking in all Portuguese-speaking countries), and a language, because of its similarities, that can easily integrate within Latin America”.

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