Portugal
Law 21/2023 of May 25 establishes the regime applicable to startups and scaleups.
Key aspects
- The Startups Law introduces and defines the concepts of startup, scaleup, and business angel, and grants this status to companies that meet certain requirements.
- Companies that want to be recognized as a startup or scaleup must send a prior communication to Startup Portugal through the public services one-stop shop.
- The Startups Law establishes fines for legal entities that no longer meet the requirements for the status but fail to inform Startup Portugal within the established period.
- The Startups Law establishes a tax incentives system aimed at encouraging investment in and the development of the Portuguese startup ecosystem.