| Population |
10,676,910
(July 2007) |
|
Gross Domestic Product (GDP) |
$232
billion (2007) |
|
GDP Per Capita |
$21,800 (2007) |
|
Inflation Rate |
2.4% (2007) |
| Currency |
Euro (EUR) |
|
Exchange Rate Versus U.S. Dollar |
0.637 euros per 1 U.S. dollar (April 2008) |
|
Languages |
Portuguese (official),
Mirandese (official) |
|
Capital |
Lisbon |
| Population of Capital
City |
564,477
(2007) |
| Time Zone |
GMT 0 |
| Seasons |
Meditteranean: hot, dry summers; wet, cool winters |
|
International Dialing Code |
351 |
|
Electricity |
230V / 50 Hz; Plug Type: C, F |
| System of Government |
Parliamentary
republic |
Name and Party
Affiliation
of Current Leader |
Anibal Cavaco Silva
Social Democratic Party |
|
Income Tax Rate for Residents |
10.5 - 40% |
|
Property Tax |
0.07 - 2% |
|
Capital Gains Tax |
Residents: 0 - 40% Non-residents: 25% |
|
Inheritance Tax |
0%
- close relatives; 10% stamp duty - distant/non relatives |
|
Rental Income Tax |
15% |
|
Transfer Tax |
5% - non-urban; 6.5% - urban |
|
Sales Tax |
21% |
Restrictions on Foreign
Ownership of Property |
None |
|
Local Chamber of Commerce |
www.port-chambers.com
Rua das Portas de Santo
Antao
89 - 1169-022 Lisboa
Tel. (351) 213-224-050
Fax (351)
213-224-051
|
|
American Chamber of Commerce |
|
| Primary Exports |
agricultural products, food products, oil products, chemical products, plastics
and rubber, skins and leather, wood and cork, wood pulp and paper, textile
materials, clothing, footwear, minerals, base metals, machinery and tools,
vehicles, and optical and precision products |
| Residency and Visa
Requirements |
Tourist: automatic 90 days upon entry
Residency: Residence
Permit allows 5 years of residency;
automatically renewed for up to 10
years
Citizenship: After 6 years of continuous residency |
|
Special Benefits for Foreign Residents or Retirees |
None |
|
National Airline |
TAP
Portugal
www.flytap.com |
| Preferred Contact |
|
