Dublin conference to highlight growing business opportunities in Portugal

Irish firms are being invited to join a special conference to learn about the growing business opportunities across Portugal. The ‘Portugal Conference’ will be staged on Tuesday, February 4 at the Clayton Hotel, Ballsbridge, Dublin, between 9.30am and 5pm.

The event is being led by the IPBN (Ireland Portugal Business Network) with a series of partners including Portuguese inward investment agency AICEP, Invest Lisboa and Enterprise Ireland who support exporters to the Portuguese market.

Headline speakers include PwC Portugal, Edge law firm, AICEP and Invest Lisboa and also Blevins Franks international tax and wealth management advisers.

IPBN chair Aoife Healy said delegates will gain essential knowledge about trading in Portugal during this crucial moment when Britain is leaving the EU and also the Mercosur trade deal with South American countries, including Portuguese-speaking Brazil, is looming.

“We are inviting businesses nationwide to join us in February at the 2020 Portugal Conference,” she said. “We are entering a new era of finding opportunity for Irish companies. Ireland and Portugal have many similarities in their position in Europe and their economies which presents opportunities that Irish companies may not have previously considered. The IPBN’s key objective is to stimulate bi-lateral trade between Ireland and Portugal and this upcoming event offers in-depth information about exporting, expanding or relocating business operations to Portugal.

“The programme has been carefully organised to provide rigorous and well-rounded advice. A team of experts will deliver a series of presentations including legal structures and requirements of setting up in Portugal, a brief assessment of the office space availability in Portugal and the long-term financial planning and tax treatment for overseas companies. We will also address attractive tax incentives including the NHR (Non-Habitual Residents) scheme for senior managers and skilled employees. A series of ‘case study’ presentations will further illustrate Irish business successes in Portugal.”

In recent years, the Irish and Portuguese governments have developed a close relationship, particularly within the EU context. Meanwhile, Irish exports to Portugal continue to flourish in areas including pharmaceuticals, organic chemicals, optical and photographic equipment, cosmetics, perfumes and machinery.

Ms Healy said further similarities in population, GDP and key growth markets – including IT, renewable energy, agriculture and tourism – make Ireland and Portugal natural trading partners.

“Ireland enjoys huge success across the globe, delivering a big impact to many evolving industries, in particular high-tech industries such as fintech, medtech, high-tech construction, agrotech ICT,” she said. “There will always be a concerted effort to promote our agrifood and tourism sectors, which are Ireland’s two biggest export commodities, driving employment in rural areas.

“In the post-Brexit era, we must continue to foster strong partnerships with our EU neighbours where there remains major potential to increase trade and investment. Portugal is a fast-expanding market with a large demand for professionals, services and firms bringing innovation and change. There are many other benefits including excellent travel connectivity and zero tariffs and customs procedures between Irish and Portuguese imports and exports.

“We encourage Irish companies to take immediate action, not only to mitigate against the potential risks of Brexit, but moreover to take full advantage of business opportunities.”

For more information on the Portugal Conference and to obtain the full programme of the day, visit the website www.theportugalconf.com, email arnold.delville@ireland-portugal.com or call +351 969 196 055.

Aoife Healy, Chair of the IPBN Board of Directors