On 23 December 2022, the Government's presented Draft Law
56/XV/1 to the Portuguese Parliament. This law is intended to
create a regulatory framework that fosters the development of
companies with a business model equipped with a strong innovation
component and potential for future growth.
In this context, a definition of the legal concepts of start-up
and scale-up is proposed, as is the simultaneous creation of a set
of specific investment and tax policies aimed at capitalising and
attracting talent to these companies.
Furthermore, a set of significant amendments are proposed to the
Tax Incentive System for Business Research and Development
(Sistema de Incentivos Fiscais à
Investigação e Desenvolvimento Empresarial, or
'SIFIDE II') and these amendments are intended to make
research and development ('R&D') more attractive.
