Exporting to Portugal

Portugal

Opportunities for Spanish companies in Portugal

Strong points

  • Improvement in competitiveness thanks to in-depth structural reforms (banking sector, pensions, employment market).
  • Big companies with an international presence.
  • Good performance in some industrial and innovative sectors.
  • Growth of the economy.
  • Reduction of unemployment.
  • Improvement of country rating – BBB.
  • Modern, high quality infrastructures.
  • Tourist destination.
  • Starting to gain sectorial and geographical diversification of exports.
  • Research and innovation capacities.
  • Lower employment costs and reforms implemented improving the country’s competitiveness.
  • Foreign investment.

Weaknesses

  • High public and private debt, in spite of the efforts for tax consolidation.
  • Weak banking system hindering the financing of the economy.
  • Slowly-working legal system.
  • Limited size of its manufacturing industry, specialisation in low and medium added value areas (fuels, foodstuff products, chemicals, vehicles, clothing and metals).

Investments

  • Tourism with government plan known as “Tourist Strategy”.
  • Real estate.
  • Technology or industry sector with high technology.

Prospects

  • “Portugal 2020” Plan which covers sectorial incentives for investment.
  • Upward review of growth forecasts.
  • Potential increase of productivity.
  • Tax advantages for foreign investment.

 

Find us:

Lisboa

Av. da Liberdade, 225 – 5D
1250-142 Lisboa
Tel. (+351) 213 500 990

Contact

Banco Sabadell in Portugal

Experience

Banco Sabadell has been working in Portugal since 1994. It opened its first operating office in Lisbon and later on, in 1997, it opened another in Oporto. From 2000 until March 2017, a strategic and commercial agreement was arranged with a Portuguese correspondent bank.

Since April 2018, Banco Sabadell has again had its own offices in Lisbon, in the centre of the capital, to provide a service for the Portuguese and Spanish companies with a presence and/or commercial interests in the company, by means of a wide range of banking products and services.

Services

  • Opening current accounts, deposits, online banking, domestic and international transfers.
  • Financing investment and working capital through different financial products.
  • Foreign trade operations (letters of credit, guarantees, remittances, etc.).
  • Payment media and cash.
  • Structured financing (financing acquisitions, financing infrastructures, financing renewable energy projects, issuances of commercial paper, etc.).