System Of Financial Incentives For Large Investment Projects

• Law Firm: PLMJ
• Subject Matter: Corporate/Commercial Law, Employment and HR, Corporate and Company Law, Employee Rights/ Labour Relations
• Author: Mr Diogo Duarte Campos, António Lopes Garcia, Rui Vasconcelos Pinto and Sofia S' Gonçalves
• Published date: 17 May 2023

Council of Ministers Resolution 34/2023 of 19 April 2023 was recently published to establish a system of financial incentives for large investment projects.

This financing system is complementary to Portugal 2030 and allows for the continuity of support for investment, employment and economic activity of large companies. The support is targeted at the thematic agenda of Digitalisation, Innovation and Qualifications as drivers of investment. It ensures the maintenance of financial incentives granted to projects with a structuring effect - under the Contractual Investment Framework approved by Decree-Law 191/2014 of 31 December - that (i) increase the supply of innovative goods and services, (ii) stimulate the demand for complementary goods in other sectors, and (ii) have a knock-on effect on different economic operators (which would...