Apresentação do PowerPoint - SDEA, EPER · education and skills development for human resources in the agriculture sector. ... •The organic certification of agricultural products

The Azores Business Development Society designs and implements business development incentive measures aimed atreinforcing Azorean companies’ competitiveness and productivity, and promotes innovation and entrepreneurship.

www.investinazores.com

Agro-food Sector

INDEX

Why Azores?

Agro-food Sector

Financial Incentives for Investment

A Z O R E SA wonderful Place to Invest

Incentives for Job Creation

Tax Benefits


Azores – What do we offer?

• Located between Europe and North America;• Political and Social stability;• One of the safest regions in Europe.

• Unique conditions for tourism;• Abundant water resources;• Potential for diversified agro-food activities;• Excellent communications;• Qualified human resources and good English language

knowledge.

• Attractive incentives for investments;• Financial incentives for job creation;• Advantageous tax benefits.

Geostrategic Location

Friendly Business Environment

Available Resources


• The Portuguese archipelago of the Azores is one of the outermostregions of the European Union, a special status granting specificprivileges.

• The Azores benefits from the common EU market with commoncurrency, free trade agreements, non-tariff barriers and freeinterchange of labor and capital.

• Portuguese is the 5th most spoken language in the world and the mostwidely spoken in the Southern hemisphere.

• It is the official language used by the Community of Portuguese-Speaking Countries (CPLP): Brazil, Angola, Mozambique, Cape Verde,São Tomé and Príncipe, Guinea-Bissau and East Timor.

Market with 500 million people

Market with 250 million people

Why Azores ? Gateway to Broader Markets


PORTS • 9 Ports and 7 marinas.

AIRPORTS • 9 Airports, one in each island.

ROADS• Well-maintained roads connecting cities, towns

and villages.

TRANSMISSION NETWORK

• Network fully supported on fiber-optic technology;

• High availability of bandwidth.

Why Azores ? Existing Infrastructure


• 11% Gross Value Added;

• 12% of employment;

• 120,000 hectares of Utilized Agricultural Area.


Agro-food Sector

AzoresCritical Success Factors

• Fertile soil and abundant rainfall;

• Human resources with higher education;

• Biological products and exports worldwide;

• Geographical recognition and certification;

• Public rainwater retention basins;

• Partnerships for scientific research;

• Complementary activities developed;

• High-quality products.


Agro-food Sector

The Agro-food Sector is a fundamental pillar of the Azores

economy. Due to the soil and climate conditions, the Region

enjoys competitive advantages in this sector compared to a

significant part of the Portuguese productive territory.

According to the National Dairy IndustryAssociation, Azores dairy productionrepresented during 2016:

• Cheese: 50% of the total Portugueseproduction. About 26,600 tons and114M€ exportation revenues.

• Packaged Milk: 31% of the total cowmilk commercialized in Portugal.More than 119,400 tons and about54M€ exportation revenues.

• Dry Milk: 75% of the total Portugueseproduction. About 17,000 tons andover 40M€ exportation revenues.

• Butter: 25% of the total Portugueseproduction. About 10,700 tons andmore than 36M€ exportationrevenues.


Dairy


Comparison of 9 cheese samples(g/100 g FA)

Fatty Acids Azores Portuguese Mainland

Palmitic Acid 28.2 31.2

Vaccenic Acid 2.20 1.40

Rumenic Acid 0.87 0.60

Omega 3 0.70 0.41

n-6/n-3 2.4 6.0

Dairy High-quality Milk

• Cattle graze during every month of the year;

• Higher nutritional and dietary value of milk (inthese parameters, the milk of the Azores isamong the best in Europe):

• All dairy farms are subject to the Raw MilkControl Plan;

• All producers are certified and productionstructures are in compliance with land andenvironmental regulations;

• Periodic inspections are held to verify allparameters of health and hygiene;

• High average annual rainfall (more than 1,000mm per year) evenly distributed throughout the year;

• Atlantic climate with mild average temperatures;

• Soil productivity guaranteed throughout the year;

• Continuous water supply systems with virtually zero costs for farmers;

• Human resources with higher education and specific training;

• Brands with recognized quality;

• Certification and geographical recognition of final products;

• Attractive incentives for investment and job creation.


Dairy Strengths - Azores

• Department of Agricultural Sciences – University of the Azores: provides highereducation and skills development for human resources in the agriculture sector.

• Center for Research and Agricultural Technologies of the Azores (CITA - A) - research andservices unit in the field of agricultural and environmental sciences;

• Biotechnology Centre of the Azores (CBA): research in the fields of Agricultural, Animal,Plant, Food and Environmental Biotechnology;

• Regional Veterinary Laboratory: contributes to food safety and animal health in theAzores; conducts laboratory tests and examinations for animal products monitoring;

Approximately 450 students enrolled in this department and 1400 graduates in the last 5 years


Dairy Strengths - Azores

http://www.db.uac.pt/

http://www.db.uac.pt/

• Increase the value added of final products through different processing techniques, aswell as the incorporation/improvement of the organoleptic, functional or other propertieswhich are more valued in the market;

• Partnerships of Excellence with Research and Development Centres (e.g., University of theAzores, Agricultural Research and Technology Centre of the Azores – CITA, etc.) whereresources are allocated to explore new potential;

• Potential for innovation: market for new products with higher milk incorporation,especially through strategic partnership with other food products (e.g. chocolate; fruityogurt; dietary and sports supplements, etc.);

• Potential for "Organic Certification" of milk production and its contribution towardsadding value to final products (since domestic production is insufficient, the majority of theorganic milk sold in Portugal is imported from France);


Dairy Unexplored Potential

New trends in the market such as nutraceutics:

• It is considered by some as a new scientific subject. Combining "nutrition" and"pharmaceutical" nutraceutics studies the phytochemical components present in foodswith the aim of discovering their medical and health benefits. Its overall objective is to allythe nutritional value of the products to their largely untapped therapeutic value.

• MarketsandMarkets estimates that the market for nutraceutical ingredients will grow from€ 22.1 billion in 2013 to € 31.3 billion in 2018.

• Currently, the Azores has several financial incentives for Research & Development, whichcan be used as a source of funding for new projects that explore this market potential.



Demand growth in probiotics world market:

• According to the World Health Organization, probiotics are living organisms that, whenadministered in adequate amounts, confer health benefits to their hosts. Probiotics effectsare reported to range from intestinal bacterial balance and cholesterol control to reducedcancer risk.

• In 2016, Euromonitor International valued this market at around € 40 billion.

• Most probiotics reach the consumers mainly through processed yogurt (76% of sales).Fermented milk products account for 14% of the market. Distribution in the form ofsupplements is growing fast representing currently 10% of probiotic sales.

• According to the same source, the current market for probiotic food supplements (€ 4billion) will grow by 38% between 2016 and 2021. Sales growth of these supplements isexpected to surpass those of the remaining categories, including glucosamine,multivitamins, calcium, omega-3, CoQ10 and protein.

• In Europe, Italy is by far the largest market for supplements (€ 500 million), followed byRussia (€ 177 million), France (€ 104 million), Poland (€ 72 million) and Germany (€ 64million).



Queijo Bola Ilha Azul - Portugal Cheese Contest 2014 - Best Cheese"Flamengo“.

Queijo Prato Nova Açores Alho e Salsa - Cheese Contest Portugal 2014 -Best Cheese "New Flavors".

Gold and Silver Medals“São Jorge Cheese”, classified as ProtectedDesignation of Origin (DOP) – NationalCompetition of Traditional Cheese 2013.


Dairy Awards and Recognitions

www.investinazores.comwww.investinazores.com

The taste and quality of the Azoresmeat are closely related tolivestock graze on natural fields.

CarneMeat

Azores meat is certified with Protected GeographicalIndication (PGI) – livestock are almost exclusively pasture-fed, guaranteeing the quality of the meat.

The geographical area of PGI production covers all theislands of the Azores.

This meat contains a high concentration of carotene, iron, omega-3 and vitamin E.

Azores production (annual figures):

• More than 30 million eggs;

• More than 5,000 tons of chicken meat products;

• More than 4,000 tons of pork meat products;

• More than 10,000 tons of beef meat products;

• About 40,300 cows (cattle) exported from the Azores in 2016, 17% more than in 2015.


Meat

VinhoThree well defined wine regions producinginternationally recognized certified wines.

Wine


Financial support to the rehabilitation and restructuring of vineyards located in the areaclassified as World Heritage by UNESCO, on the island of Pico.

Regional Wine Committee (CVR) is an association based in Madalena (Pico island) thatensures the authenticity and quality of wines produced in the Azores, its development andcontrol, the definition of the production process and the promotion of internal and externaldefense for certified wines.

Among other tasks, the Regional Wine Committeeissues certificates of origin.

In 2015, three white wines from Pico were distinguished by the American magazine "The Wine Advocate", one of the most influential wine opinion magazines in the world.

They were: "Arinto dos Açores 2014“, "Arinto dos Açores Sur Lies 2014" and "Verdelho o Original 2014".


Wine

Fruits

Besides bananas and apples, the Azoresclimate also allows the cultivation ofexotic fruits, such as pineapple andpassion fruit.


The pineapple and passion fruit of São Miguel are bothcertified with Protected Designation of Origin (PDO). Part ofpassion fruit production is transformed into soda andexported internationally.

Azores production offers a wide range of jams andjellies made of orange, medlar, pumpkin, sweetpotato, among others.

The quality of the raw material is widely recognized. The potential is toincrease added value with the increase in processing levels of final products,namely, turning the fruit into juice, jam, etc.


Fruits

The Azores are the only place in Europewhere tea is produced at industrial level.

Tea


The Azores tea is processed in the traditional manners andwithout additives. This achieves very different characteristicsin their taste and flavor.

The Protected Designation of Origin (PDO) certification process, currently underway, willcontribute to the assertion and recognition of the unique characteristics of the tea in theAzores.

There are currently two tea factories operating in the Azores. They occupy about 40 hectaresand production varies between 40 and 50 tons of tea per year.


Tea

The diversity and richness of the Azores floracontributes to obtaining Multiflora Honey and IncenseHoney.

The Azores ensure a high level of food safety in honeyproduction due to environmental purity and the absence ofhoney bee diseases.

Annual production varies between 80 and 90 tons.


Honey

In the Azores, the number of producers dedicated to organicagriculture more than doubled in less than five years.


Organic Agriculture

• The Azores climate and soil are exceptional for organic farming.

• The organic certification of agricultural products is a critical success factor for international markets, mainly because of its potential in increasing value to products.

• Set of financial incentives for organic producers, towards sector organization, achievement of new markets and certification of organic products.

• €25million total organic product sales (2014 – Portugal).

• In Europe, this market is growing 10% to 15% a year.


Organic Agriculture Unexplored Potential

“Azores Brand“ - Azores products may be associated with this unifying brand and benefit from:

• Regional identification of product origin, synonymous with quality;

• Product differentiation because of the outstanding attributes of the Azores - nature, highenvironmental values, diversity and natural exclusivity;

• Increase value added to Azorean products and services, stimulating their preference;

• Communication campaigns and brand marketing, with undeniable contribution to increasingthe visibility of the associated products and services;

• Contributions on exportations and production growth.


Azores Brand


Friendly Business Environment

Attractive Incentives for Investment

• The most competitive in the EU

Incentives for Employment

• Various application methods

Tax Benefits

• Focus on production and

consumption

R u r a l D e v e l o p m e n t P r o g r a m m e o f t h e A u t o n o m o u s R e g i o n o f t h e A z o r e s


For investments in:

• Agricultural Holdings (animals and plants). Installation, modernization, remodeling, renovation or expansion projects (minimum investment €3,000).

Dependent on multiple factors.

Non-refundable incentive – from 50% up to 75% of the total eligible costs.

Maximum amount of investment: €500 000.

http://www.azores.gov.pt/Portal/en/entidades/sraa-drag/?lang=en(More info at: http://proruralmais.azores.gov.pt)

R u ra l D e v e l o p m e nt P r o g ra m m e o f t h eA u to n o m o u s Re g i o n o f t h e A zo r e s

Scope

Financial Incentive

Entity in Charge


Why Azores ? Financial Incentives

http://www.azores.gov.pt/Portal/en/entidades/sraa-drag/?lang=en

http://proruralmais.azores.gov.pt/

Unexplored Potential

For investments in:

• Production, processing, marketing and development of agricultural products (minimum investment 25 000€).

Dependent on the size of the enterprise

Micro and small enterprises – Non-refundable incentive up to 75% of the totaleligible costs.

Medium Enterprises – Non-refundable incentive up to 65% of the total eligiblecosts.

Other entities – Non-refundable incentive up to 60% of the total eligible costs.

http://www.azores.gov.pt/Portal/en/entidades/sraa-drag/?lang=en(More info at: http://proruralmais.azores.gov.pt)

Scope

Financial Incentive

Entity in Charge



R u ra l D e v e l o p m e nt P r o g ra m m e o f t h eA u to n o m o u s Re g i o n o f t h e A zo r e s

http://www.azores.gov.pt/Portal/en/entidades/sraa-drag/?lang=en

http://proruralmais.azores.gov.pt/

System of Incentives for Business Competit iveness


System of Incentives for Business Competit iveness

Nonexistent financial

incentives for investment

*

*

Maximum amount of financial incentives for investment

AzoresPortugal

Mainland

Micro and small enterprises

65% 45%

Medium enterprises 55% 35%

Large enterprises 45% 25%

*


Investment projects for the production of goods and services for placement on marketsoutside the region, developed in the following areas:

• Agro-food and Forest sectors; Industry; Tourism; Hostels; Logistics; Web Economy;Specialized Consulting; Waste collection, treatment and disposal; Materials Recovery;Collection, Drainage and Treatment of Sewage; Call Centers; Hospital activities; Touroperator activities; Thermal activities.

Dependent on the location of the investment, the economic performance of the projectand the size of the enterprise.

Non-refundable – from 30% up to 65% of the total eligible costs.

Refundable – 25% (can be partly or completely turned into non-refundable incentive).

Maximum amount of incentive: €5M non-refundable incentive + €5M refundable incentive..

http://www.azores.gov.pt/Portal/en/entidades/vp-draic/?lang=en(More info at: http://www.investinazores.com/index.php?op=textos&codtexto=58).

Scope

Financial Incentive

Entity in Charge

S u b sy s te m o f I n c e nt i v e s fo r P r o m o t i o n o f t h e E c o n o m i c E x p o r t B a s e



http://www.azores.gov.pt/Portal/en/entidades/vp-draic/?lang=en

http://www.investinazores.com/index.php?op=textos&codtexto=58

Investments from €15M up to €50M, that create more than 100 new jobs.

Investment projects for the production of goods and services for placement on marketsoutside the region, developed in the following areas:

• Agro-food and Forest sectors; Industry; Tourism; Hostels; Logistics; Web Economy;Specialized Consulting; Waste collection, treatment and disposal; Materials Recovery;Collection, Drainage and Treatment of Sewage; Call Centers; Hospital activities; Touroperator activities; Thermal activities.

Non-refundable - 45% of the total eligible costs.

Without maximum incentive amount.


Scope

Financial

Incentive

Entity in Charge

Variant for Big Investment Projects

S u b sy s te m o f I n c e nt i v e s fo r P r o m o t i o n o f t h e E c o n o m i c E x p o r t B a s e





This Subsystem aims to strengthen intraregional trade and the external competitiveness of

Azorean enterprises in the global market.

It enables the development of Internationalization projects in the following areas:

- Prospection of Foreign Markets

- Commercialization & Marketing

- Digital Economy

In addition, it includes financial incentives for the transport of Azores products and business

cooperation actions between enterprises and other entities.


S u b sy s te m o f I n c e nt i v e s fo r I nte r n a t i o n a l i za t i o n


InternationalizationActions for overseas market entry, as well as for business promotion, facilitation and creationof knowledge and disclosure of information, directly contributing to the production anddevelopment of transactional goods and services in the following areas:

a) Market Prospectionb) Commercialization and Marketingc) Digital Economy

Non-refundable - 50% for small enterprises, 40% for medium enterprises and 30% for largeenterprises.

Bonuses and increments:• 2,5% to 10% dependent on the Turnover and International Turnover variation of the

project.• 5% if “Azores brand” products are included.


Scope

Financial Incentive

Entity in Charge






Market Access

Aid for costs related to the transport of regional products both within the region andoverseas with a view to compensate for the additional costs resulting from the specificcondition of the Azores as outermost region.

Non-refundable - 90% with a limit of €400,000 for three consecutive years and €200,000 peryear.


Scope

Financial Incentive

Entity in Charge






Business Cooperation ActionsAid for cooperation between enterprises and other entities with a view to create jointsupport services for overseas market entry projects, namely as regards knowledge of foreignmarkets and the dissemination of business and investment opportunities.

Non-refundable - 50% for small enterprises, 40% for medium enterprises and 30% for largeenterprises.Bonuses and increments:• 2,5% to 10% dependent on the Turnover and International Turnover variation of the

project.• 5% if “Azores brand” products are included.• 10% only for Business Cooperation projects coordinated by medium-sized or large

enterprises involving the islands of Santa Maria, Graciosa, São Jorge, Pico, Faial, Flores andCorvo.


Scope

Financial Incentive

Entity in Charge






Companies can benefit from partial exemption or total exemption from paying the applicable Social Securitycontributions, for a maximum period of 5 years, when signing open-ended employment contracts with youngindividuals seeking their first job, long-term unemployed individuals or convicts in an open prison scheme.

TEMPORARY EXEMPTION FROM PAYING SOCIAL SECURITY CONTRIBUTIONS

INTEGRA - Financial incentive for hiring unemployed individuals registered at Agencies forQualification and Employment in the Azores for more than 90 consecutive days.

Employers providing full-time employment contracts under the INTEGRA program receive a monthly grant foreach job created, up to a maximum of 12 months, in the following terms:

• €350 monthly, if the job is filled by an employee who has been unemployed for less than 1 year;

• €450 monthly, if the job is filled by an employee who has been unemployed for more than 1 year.

Note:

• Whenever companies hire unemployed individuals older than 50 years, the above-mentioned grants areincreased by 20%.

Why Azores ? Incentives for Job Creation


Young NEET individual: young person who is neither working nor studying or attending any training.

Employers providing full-time employment contracts under the INTEGRA YOUTH program receive a monthlygrant for each job created, up to a maximum of 12 months, in the following terms:

• €420 monthly, if the job is filled by an employee qualified with level 1 and 2 of the National QualificationsFramework ( NQF );

• €450 monthly, if the job is filled by an employee qualified with level 3,4 and 5 of the NQF;

• €550 monthly, if the job is filled by an employee qualified with level 6,7 and 8 of the NQF.

Notes:

• Whenever companies hire young unemployed individuals registered at the Agencies for Qualification andEmployment in the Azores for more than one year, the above-mentioned grants are increased by 10%;

• The minimum monthly gross salary assigned to employees supported by INTEGRA YOUTH, withqualifications higher than QNQ level 6, is €700.

INTEGRA JOVEM - financial incentive for hiring unemployed young NEET individuals, 29 years old oryounger, registered at Agencies for Qualification and Employment in the Azores for more than 90consecutive days.



ESTAGIAR L – traineeships aimed at young graduates or Master students:o In São Miguel Island - initial duration of nine months and can be extended for another nine months,

including a one-month rest period to be taken between the 12th and the 15th month.

o In the remaining islands - initial duration of eleven months and can be extended for another twelvemonths, including a one-month rest period to be taken between the 12th and the 15th month.

o €720 (gross amount) monthly pecuniary compensation is granted to trainees of the ESTAGIAR Lprogram, totally funded by the Regional Employment Fund during the initial duration. In the extendedperiod, including the one-month rest period, companies pay 25% of the compensations.

ESTAGIAR T – traineeships aimed at young higher education graduates who do not hold a first degree, buthave completed a technological or professional course or study program conferring a level 3 professionalqualification certificate and Grade 12 secondary school equivalency:

o All islands - initial duration of nine months and can be extended for another nine months, including aone-month rest period to be taken between the 12th and the 15th month.

o €530,25 (gross amount) monthly pecuniary compensation is granted to trainees of the ESTAGIAR Tprogram, totally funded by the Regional Employment Fund during the initial duration. In the extendedperiod, including the one-month rest period, companies pay 25% of the compensations.

ESTAGIAR PROGRAMME – Financial support programme for internships in companies.



Furthermore, trainees from ESTAGIAR L and T programmes who have completed their traineeship in a differentcompany, regional service or local public administration can be hired, provided recruitment takes place afterthe end of the traineeship period and in the respective field of study.

Subsidies are granted for each hired trainee, up to a maximum of 12 months, in the following terms:• For hiring trainees within the scope of the Estagiar L programme – €550 per month

• For hiring trainees within the scope of the Estagiar T programme – €450 per month

Notes:

• If the company hires a trainee in the first 30 days after the traineeship period, the above-mentioned grantsare increased by 10%;

• The minimum monthly gross salary assigned to trainees from ESTAGIAR L traineeships is €700;

• The minimum monthly gross salary assigned to trainees from ESTAGIAR T traineeships is the same amount asthe regional minimum wage (€530.25).

INTEGRATION INCENTIVE PROGRAM FOR ESTAGIAR L and T (PIIE) - Financial incentive tocompanies that sign full-time contracts with trainees from ESTAGIAR L and T programmes.



The Autonomous Region of the Azores has an advantageous tax differential of 20% in comparison to the rest ofPortugal, in terms of Corporate Income Tax (CIT), Personal Income Tax (PIT) and Value Added Tax (VAT). TheRegion also benefits from the 8th lowest CIT rate in the European Union and the 2nd lowest VAT rate.

Fonte: World Bank


9% 10%12,5% 12,5%

15% 15% 16% 16,8%19% 19% 19% 19% 20% 20% 20% 21% 21% 22% 22% 22%

25% 25% 25%

27,90%29% 29,22% 30%

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Corporate Income Tax Rates in the European Union(Normal Rate)

Why Azores ? Tax Differential

In parallel, the Autonomous Region of the Azores has lower VAT rates than mainland Portugal and theAutonomous Region of Madeira.

Fonte: Autoridade Tributário Portuguesa



17%18% 18%

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Value Added Tax Rates in the European Union (Normal Rate)

Personal Income per year

Portuguese Mainland tax

rates

Azores tax rates

Less than 7 000€ 14.5% 10.15%

From 7 000€to 20 000€

28.5% 21.375%

From 20 000€to 40 000€

37% 29.6%

From 40 000€ to 80 000€

45% 36%

More than 80 000€ 48% 38.4%

Progressive rates:

• The first echelon is 30% lower than in Mainland Portugaland Madeira

• The second echelon is 25% lower than in MainlandPortugal and Madeira

• All other echelons are 20% lower than in MainlandPortugal and Madeira

Personal Income Tax (IRS)

Tax Regime for Non-Habitual Residents:

• Non-habitual residents are taxed for 10 consecutive years at a fixed PIT rate of 16% (20% lower than MainlandPortugal and Madeira).

• Pensioners and retired individuals with incomes from dependent and independent work are exempt fromPersonal Income Taxation, provided that they are taxed in the source State, in accordance with the doubletaxation convention between Portugal and this State.

• If there is no such convention, income is taxed in the source State, as long as it is not obtained in thePortuguese territory, according to the Personal Income Tax Legislation.

Tax Regime for Non-Habitual Residents



Why Azores ? Tax Benefits Under Contract Regime

Tax benefits may be granted to investment projects recognized as strategically relevant according to specificcriteria and representing more than:

• 2 Million € in São Miguel island;

• 1 Million € in Terceira island;

• 0.4 Million € in Santa Maria, Graciosa, São Jorge, Pico, Faial, Flores and Corvo islands;

• 0.2 Million € in case of investment projects in Marine Biotechnology and/or Aquaculture, regardless of theirlocation, with more than 10% investment expenses on R&D.

Tax benefits may take the following forms:

• Up to 90% Portuguese Corporate Income Tax (IRC) deductions of the amount representing 30% of the actualeligible investment expenditure incurred in the project (80% for the island of Terceira for investments madeuntil 31 December 2019).

• Exemptions or reductions in Portuguese Property Tax (IMI) for a period of 10 years, relating to real estateproperty used by the promoter in activities developed within the scope of the project.

• Exemptions or reductions in at least 75% of Portuguese Property Transfer Tax (IMT), relating to real estateproperty acquired by the promoter to develop activities within the scope of the project.


This program provides an unique opportunity to obtain a Portuguese Residence Permit, and to access the manyadvantages inherent to such status, provided one of the following activities is performed in Portugal, either as anindividual or as a company, for a minimum of five years:

• Capital transfer of an amount equal or superior to €1 000 000 (including acquiring or investing in companies);

• Capital transfer of an amount equal or superior to €350 000 applied in scientific research activities;

• Capital transfer of an amount equal or superior to €250 000, applied in investments or support to the artisticproduction, recovery or maintenance of the national cultural patrimony;

• Capital transfer of an amount equal or superior to €500 000, applied in the acquisition of participation units ininvestment funds or venture capital designed to capitalize small and medium-sized companies;

• Creation of at least 10 jobs;

• Acquiring real estate with value equal or superior to €500 000;

• At least €350 000 expenses in the acquisition of real estate whose construction was concluded at least 30 years ago,or located in urban rehabilitation areas, and rehabilitation costs.

According to the executive summary of the Global Residence and Citizenship Programs 2015Ranking developed by Henley & Partners, "Portugal has the best Golden Visa programme in theworld".

Why Azores ? Golden Visa


Mission

SDEA – Azores Business Development Society

Design and execute business incentive measures, aimed to reinforce theAzorean companies’ competitiveness, as well as to promote innovation andentrepreneurship.

Main Assignments of SDEA

• Promotion of the Region’s economic potential;

• Attraction of foreign investment;

• Promotion of the regional products and the endogenous resources;

• Design of investment incentives and tax benefits policy;

• Development of financial instruments for business support;

• Promotion of entrepreneurship and innovation.


SDEA promotes direct contact withcompanies, recommending whichincentives can be applied to eachproject in order to define a completepackage that fully satisfies theinvestor’s needs.

SDEA proposes and promotesmeasures to reducecontextual costs with a viewto simplify and streamlineinvestment processes.

SDEA supports investors andmonitors the progress oftheir projects.

SDEA supportWhy Azores?Why Azores ? SDEA support


São Miguel Island: Rua de São João, 479504-533 PONTA DELGADAAçores – PortugalTel: (351) 296 309 100Fax: (351) 296 288 492

Terceira Island: Rua Direita, 52, 2º 9700-066 ANGRA DO HEROÍSMO Açores – Portugal Tel: (351) 295 217 664

[email protected] www.investinazores.comwww.facebook.com/SDEA.EPER

DisclaimerThis document is for information purposes only. It partially reflects butdoes not disclose completely nor substitute the knowledge of the fulllegislation governing incentives in Portugal. SDEA is available to assessspecific business plans and to determine how specific investments mayqualify for incentives packages and what, if any, type of packages may beapplicable to the investment.


Documents

Apresentação do PowerPoint - SDEA, EPER · education and skills development for human resources in the agriculture sector. ... •The organic certification of agricultural products