Benguela – The Portuguese Prime Minister, Luís Montenegro, assured this Thursday, in Benguela Province, that Portugal has “open doors” for investment from Angolan companies interested in expanding across borders.
The Portuguese Premier was speaking to the press, on his last day of visit to Angola, at President João Lourenço's invitation, marked by the signing of 12 legal instruments that will reinforce cooperation between the two countries.
Without making it clear, he said that the proposal to lower the Corporate Income Tax (CIT) constitutes a tax incentive to attract foreign investment to Portugal.
According to ANGOP, this is a proposal from the Portuguese Government that foresees CIT's reduction from the current 21% to 15% in three years.
The Head of the Portuguese Government highlighted that this reduction could be “more atractive”, so that companies, including Angolan ones, that want to invest in other geographies can also feel that there is an “open door” in Portugal.
Furthermore, he clarified that this tax benefit includes the simplification of procedures, “unequivocal” support for the hiring of human resources and the licensing of companies.
JH/CRB /CF/jmc
