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Webinars

Digital Portugal: Investment opportunities in innovation

Opening with brief presentation about AJEPC
· Carolina Guedes, Executive Director of AJEPC

Presentation of the topic Digital Portugal: Investment opportunities in innovation
· Sara Sousa Rebolo, partner and lawyer at Caiado Guerreiro
· Chon Kei Leung, Trainee Lawyer at Caiado Guerreiro
· Rogério Alfafar, Finpartner

Q&A

Closing
· Den Chuang, Member of the AJEPC Board

Categories
Flash news

Portugal Digital Mission is set in motion

Portugal set on motion this week the creation of the Portugal Digital Mission, which emerges with the purpose of coordinating and operationalizing the actions, measures and initiatives identified to start the execution of the Digital Transition Action Plan (DTAP), one of the essential instruments of the country’s development strategy, in alignment with the objectives that will guide the European Union’s investments in the period 2021-2027. The purposes are clear: “It is intended that Portugal is at the forefront of the countries that are best prepared to face the challenges and changes inherent to a global transition, ensuring that it results in greater equality and inclusion of citizens, in strengthening democratic pillars, in an increase in the competitiveness of the economy and in attracting investment, national
and foreign, as well as in the creation of value by the companies ”. In this regard, DTAP is based on three fundamental pillars of action:

a) Pillar I: Training and digital inclusion of people;
a.1) Digital education;
a.2)Professional training and requalification;
a.3) Digital inclusion and literacy;

b) Pillar II: Digital transformation of the companies;
b.1) Entrepreneurship and investment attraction;
b.2) Companies, focusing on small and medium-sized enterprises (SMEs);
b.3) Transfer of scientific and technological knowledge to the economy;

c) Pillar III: Digitalization of the State;
c.1) Digital public services;
c.2) Agile and open central administration;
c.3)Connected and open regional administration;

Catalysts are also identified which, in a transversal way to the three pillars identified above, constitute instruments for accelerating the digital transition:
1) Regulation, privacy, cybersecurity and cyber defense;
2) Circular economy of data;
3) Connectivity and infrastructure;
4) Disruptive technologies;
5) Alignment with the European digital strategy;
6) Communication and promotion..

In this context, and without prejudice to other measures and regulations to be approved later, 12 measures were immediately published by the Government aiming to achieve the goals that
characterize Portugal’s digital transition, with emphasis on:

The e-Residency Program: Which aims to create a concept of digital identity using the Digital Mobile Key, allowing citizens, nationals or
foreigners not resident in the country (digital nomads), to use Portuguese public services in their online version in order to develop their economic activity from anywhere in the world. The launch of the platform at a global level is intended to occur during the 2020 edition of the Web Summit.

The creation of Technological Free Zones: Through the creation of special regulatory regimes (adapted to each sector and its specificities) that promote and facilitate the realization of research, demonstration and testing activities, in a real environment, of technologies, products, services, innovative processes and models within the scope of emerging technologies (autonomous vehicles, artificial intelligence, Blockchain, bio and nanotechnology, 3D printing, virtual reality, robotics, Internet of Things, Big Data, 5G network, etc.), allowing to host in Portugal the respective national and international development projects.

The Digital Training Program for SMEs in the Interior + CO3SO Digital: Program for the retraining and retention of workers in the interior of the country in professionals in the area of Information, Communication and Electronic Technologies (ICET), in two stages: the first focused on staff intensive training supported by public structures, in a polytechnic institute in the interior, followed by a second stage of integration in a qualified SME, with a salary contribution supported by the + CO3SO Program.

Digital Innovation Hubs for Entrepreneurship: Collaborative networks (research centers, universities, technological interface centers, incubators, competitiveness clusters, business associations, development agencies, among others) that include specific digital competence centers, with the objective of dissemination and adoption of advanced digital technologies by companies, especially SMEs, through the development, testing and experimentation of
these same technologies. As such hubs work as a one-stop-shop they
manage to help SMEs in the digital transition of their business processes, in view of its competitiveness. With this set of measures, the Portuguese Government aims to actively contribute to stimulating the economy and entrepreneurship in Portugal, promoting the flexibility of
legislative environments, the reduction of internal digital asymmetries and the construction of business bridges in Europe and around the Globe. In this way, Portugal reinforces its position in research and development (R&D) area and creates the necessary incentives to relocate international projects to Portugal, as well as foreign investment related to emerging technologies.

Categories
Flash news

Portugal Digital Mission is set in motion

Portugal set on motion this week the creation of the Portugal Digital Mission, which emerges with the purpose of coordinating and operationalizing the actions, measures and initiatives identified to start the execution of the Digital Transition Action Plan (DTAP), one of the essential instruments of the country’s development strategy, in alignment with the objectives that will guide the European Union’s investments in the period 2021-2027. The purposes are clear: “It is intended that Portugal is at the forefront of the countries that are best prepared to face the challenges and changes inherent to a global transition, ensuring that it results in greater equality and inclusion of citizens, in strengthening democratic pillars, in an increase in the competitiveness of the economy and in attracting investment, national
and foreign, as well as in the creation of value by the companies ”. In this regard, DTAP is based on three fundamental pillars of action:

a) Pillar I: Training and digital inclusion of people;
a.1) Digital education;
a.2)Professional training and requalification;
a.3) Digital inclusion and literacy;

b) Pillar II: Digital transformation of the companies;
b.1) Entrepreneurship and investment attraction;
b.2) Companies, focusing on small and medium-sized enterprises (SMEs);
b.3) Transfer of scientific and technological knowledge to the economy;

c) Pillar III: Digitalization of the State;
c.1) Digital public services;
c.2) Agile and open central administration;
c.3)Connected and open regional administration;

Catalysts are also identified which, in a transversal way to the three pillars identified above, constitute instruments for accelerating the digital transition:
1) Regulation, privacy, cybersecurity and cyber defense;
2) Circular economy of data;
3) Connectivity and infrastructure;
4) Disruptive technologies;
5) Alignment with the European digital strategy;
6) Communication and promotion..

In this context, and without prejudice to other measures and regulations to be approved later, 12 measures were immediately published by the Government aiming to achieve the goals that
characterize Portugal’s digital transition, with emphasis on:

The e-Residency Program: Which aims to create a concept of digital identity using the Digital Mobile Key, allowing citizens, nationals or
foreigners not resident in the country (digital nomads), to use Portuguese public services in their online version in order to develop their economic activity from anywhere in the world. The launch of the platform at a global level is intended to occur during the 2020 edition of the Web Summit.

The creation of Technological Free Zones: Through the creation of special regulatory regimes (adapted to each sector and its specificities) that promote and facilitate the realization of research, demonstration and testing activities, in a real environment, of technologies, products, services, innovative processes and models within the scope of emerging technologies (autonomous vehicles, artificial intelligence, Blockchain, bio and nanotechnology, 3D printing, virtual reality, robotics, Internet of Things, Big Data, 5G network, etc.), allowing to host in Portugal the respective national and international development projects.

The Digital Training Program for SMEs in the Interior + CO3SO Digital: Program for the retraining and retention of workers in the interior of the country in professionals in the area of Information, Communication and Electronic Technologies (ICET), in two stages: the first focused on staff intensive training supported by public structures, in a polytechnic institute in the interior, followed by a second stage of integration in a qualified SME, with a salary contribution supported by the + CO3SO Program.

Digital Innovation Hubs for Entrepreneurship: Collaborative networks (research centers, universities, technological interface centers, incubators, competitiveness clusters, business associations, development agencies, among others) that include specific digital competence centers, with the objective of dissemination and adoption of advanced digital technologies by companies, especially SMEs, through the development, testing and experimentation of
these same technologies. As such hubs work as a one-stop-shop they
manage to help SMEs in the digital transition of their business processes, in view of its competitiveness. With this set of measures, the Portuguese Government aims to actively contribute to stimulating the economy and entrepreneurship in Portugal, promoting the flexibility of
legislative environments, the reduction of internal digital asymmetries and the construction of business bridges in Europe and around the Globe. In this way, Portugal reinforces its position in research and development (R&D) area and creates the necessary incentives to relocate international projects to Portugal, as well as foreign investment related to emerging technologies.

Categories
Covid-19 Flash news

Amendments to the Portuguese Immigration Law

The reorganization and reduction of bureaucracy in the Portuguese immigration system is a priority for the current Government. With the publication of the State Budget, new rules entered into force taking the first steps in this direction. In particular:

– In 2020, the temporary residence permit foreseen in paragraph 1 of article 75 of the Immigration Law becomes valid for a period of 2 years from the date of issue of the respective title and renewable for successive periods of 3 years.

– In 2020, the refugee travel permit foreseen in paragraph 2 of article 19 of the Immigration Law , becomes valid for a period of 5 years from the date of issue of the respective title.

– During the year 2020, the setting of the global quota for the purpose of granting a residence permit visa for the exercise of subordinate professional activity provided for in article 59 of the Law, is suspended, and residence visas may be issued for exercise of subordinate professional activity to third-country nationals who fulfill the general conditions and:

a) Proof to have an employment contract or promise of an employment contract; or
b) Proof to have recognized and adequate qualifications or competences for the exercise of one of the activities covered by the previous number and benefit from an individualized expression of interest by the employer.

It shall also be highlighted that, during COVID19 pandemic, the Portuguese Government took unprecedented measures at a global level, in response to the restrictions imposed by Coronavirus contingency status and decided to regularize all immigrants who have pending applications at the Immigration Office, submitted up to 3/18/2020. Asylum seekers were also covered. This extraordinary measure aimed to unequivocally guarantee the rights of all foreign citizens with pending cases in Portugal and allowed them to access, for instance, the National Health Service, social support benefits, conclusion of lease contracts, conclusion of employment contracts, opening of bank accounts and contracting of essential services. It is even more noticeable why Portugal was granted with the title of the most welcoming country for expats according to InterNations, the largest global network and information site for people who live and work abroad.

Categories
Covid-19 Flash news

Amendments to the Portuguese Immigration Law

The reorganization and reduction of bureaucracy in the Portuguese immigration system is a priority for the current Government. With the publication of the State Budget, new rules entered into force taking the first steps in this direction. In particular:

– In 2020, the temporary residence permit foreseen in paragraph 1 of article 75 of the Immigration Law becomes valid for a period of 2 years from the date of issue of the respective title and renewable for successive periods of 3 years.

– In 2020, the refugee travel permit foreseen in paragraph 2 of article 19 of the Immigration Law , becomes valid for a period of 5 years from the date of issue of the respective title.

– During the year 2020, the setting of the global quota for the purpose of granting a residence permit visa for the exercise of subordinate professional activity provided for in article 59 of the Law, is suspended, and residence visas may be issued for exercise of subordinate professional activity to third-country nationals who fulfill the general conditions and:

a) Proof to have an employment contract or promise of an employment contract; or
b) Proof to have recognized and adequate qualifications or competences for the exercise of one of the activities covered by the previous number and benefit from an individualized expression of interest by the employer.

It shall also be highlighted that, during COVID19 pandemic, the Portuguese Government took unprecedented measures at a global level, in response to the restrictions imposed by Coronavirus contingency status and decided to regularize all immigrants who have pending applications at the Immigration Office, submitted up to 3/18/2020. Asylum seekers were also covered. This extraordinary measure aimed to unequivocally guarantee the rights of all foreign citizens with pending cases in Portugal and allowed them to access, for instance, the National Health Service, social support benefits, conclusion of lease contracts, conclusion of employment contracts, opening of bank accounts and contracting of essential services. It is even more noticeable why Portugal was granted with the title of the most welcoming country for expats according to InterNations, the largest global network and information site for people who live and work abroad.

Categories
Covid-19 Guides

New Rules Imposed by Covid-19 – Immigration Q&A

Get to know the new rules for investors and immigrants imposed by COVID-19 with this Q&A organized by the immigration department of Caiado Guerreiro, where Sara Sousa Rebolo and Mafalda Cunha Luís will update the information daily.

Categories
Covid-19 Guides

New Rules Imposed by Covid-19 – Immigration Q&A

Get to know the new rules for investors and immigrants imposed by COVID-19 with this Q&A organized by the immigration department of Caiado Guerreiro, where Sara Sousa Rebolo and Mafalda Cunha Luís will update the information daily.

Categories
Guides

Portuguese Golden Visa: What Now?

On February 6, 2020, a legislative authorization that allows the current Government to legislate directly on the issue of Gold Visa was approved. But what does this legislative change mean? It has 3 purposes:

  1. to maintain all current investment options, updating the minimum investment values;
  2. To limit the eligibility of real estate investments regarding their geographical location to certain areas of the Portuguese territory;
  3. To extend the regime to investments in activities of high environmental or social value, which may lead to the already discussed “Green Visa”.

It is also interesting to know when the regime will change. In reality, the Government can present the changes to the regime until December 31st, 2020, and the Assistant Secretary of State to the Prime Minister considers that “there is still no disruption that justifies cancellation of businesses”.

In summary, all the investment options will continue to be active, with a high probability that new options of environmental or social character may be added, with an exception for territorial limitations that may be imposed to the real estate investment.

For further information on the subject, please consult the document below:

Categories
Guides

Portuguese Golden Visa: What Now?

On February 6, 2020, a legislative authorization that allows the current Government to legislate directly on the issue of Gold Visa was approved. But what does this legislative change mean? It has 3 purposes:

  1. to maintain all current investment options, updating the minimum investment values;
  2. To limit the eligibility of real estate investments regarding their geographical location to certain areas of the Portuguese territory;
  3. To extend the regime to investments in activities of high environmental or social value, which may lead to the already discussed “Green Visa”.

It is also interesting to know when the regime will change. In reality, the Government can present the changes to the regime until December 31st, 2020, and the Assistant Secretary of State to the Prime Minister considers that “there is still no disruption that justifies cancellation of businesses”.

In summary, all the investment options will continue to be active, with a high probability that new options of environmental or social character may be added, with an exception for territorial limitations that may be imposed to the real estate investment.

For further information on the subject, please consult the document below:

Categories
Webinars

Golden Visa: Autorização de Residência em Portugal

O Programa Português de Autorização de Residência para os investidores é um sucesso internacional que já atraiu centenas de cidadãos de países não-europeus, como a China, Rússia, Brasil e outros países da América do Sul e Oriente Médio. Esta é uma excelente oportunidade para as famílias que queiram viajar dentro da área Schengen e mudar-se para Portugal ou até mesmo requererem a nacionalidade portuguesa.

A Caiado Guerreiro  irá esclarecer várias questões sobre este tema numa apresentação on-line de 15 minutos.