New BNA Portfolio Details the Statutory and Procedural Framework of Foreign Investments in Portugal

ARLINGTON, Va., Aug. 5, 2011 /PRNewswire-USNewswire/ -- For companies looking to expand their overseas operations into Portugal, BNA Tax and Accounting's just-published Business Operations in Portugal Portfolio provides U.S. and other foreign investors a comprehensive guide to understanding the commercial and tax laws likely to be of concern to them when conducting their operations in Portugal.

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Written by a team of lawyers from the prestigious Uria Menendez law firm, Business Operations in Portugal includes the general aspects of corporate law that may help foreign investors to choose the best investment structure as well as a detailed analysis of the Portuguese income tax as it applies to individuals, corporations, and partnership-like entities.

"This Portfolio provides valuable guidance to multinational corporations on doing business in Portugal from a tax perspective," explains Nicholas Webb, Managing Editor, International Tax at BNA. "It contains detailed discussions on a wide variety of tax issues including VAT, stamp tax, real property transfer tax, real property tax, social security contributions and other taxes on transactions and services as well as local and regional taxes."

Section I of the Portfolio offers an overview of the country, its economy, organizations and sources of law including statutes, the court system and means of arbitration.

Section II focuses on operating a business in Portugal including foreign investment opportunities, incentives, and restrictions; currency and exchange controls; trade and commerce regulation; immigration regulations and employment of aliens; labor relations; and issues surrounding the financing of a business in Portugal.

Section III analyzes the various allowable forms of doing business in Portugal including principal business entities such as public limited corporations, LLCs, Societas Europaea, branch of a foreign corporation, partnership-like entities, and other business entities. The section provides an overview of incorporation procedures including information on Empresa On-line and Empresa na Hora, with numerous citations to relevant primary source materials.

Additional sections in the Portfolio provide an in-depth look at tax procedures and the main types of taxes impacting corporations and individuals, transfer pricing issues, anti-abuse provisions and special provisions relating to multinational Corporations, value added taxes, and more.

In addition to the discussion of Portugal's tax treaties contained in the Detailed Analysis, Business Operations in Portugal contains a comparative table of the withholding rates provided for in the tax treaties in the Worksheets section, as well as the text of the Portugal-United States tax treaty.

Business Operations in Portugal  is part of BNA Tax and Accounting's Premier International Tax Library and is available for individual purchase from BNA's online store.

About BNA Tax & Accounting

BNA Tax & Accounting is the foremost source of news, analysis, and practice tools for tax attorneys, estate planners, accountants, and corporate tax and financial accounting professionals. For more than 50 years, BNA Tax & Accounting has offered practitioners expert insights and guidance on every significant issue in tax planning and financial accounting. Written by practitioners for practitioners, BNA's award-winning Portfolios offer topic-driven, in-depth guidance on transactions designed to help tax professionals achieve new levels of excellence and client service. Click here for more information on BNA's Premier International Tax Library of which this Portfolio is a part, or call 800.372.1033.

SOURCE BNA Tax & Accounting