Portugal - The Taxation of the Portuguese Venture Capital Industry
- F. de Sousa da Câmara; B. Santiago; R. Andrade Amaro; P. Capitão Barbosa
- European Taxation, 2019 (Volume 59), No 7
- 18 June 2019
This article provides an overview of the taxation of the venture capital industry in Portugal. In particular, the authors describe the origins of the industry, enumerate the types of venture capital vehicles, explain the lifecycle of VCFs, highlight limitations on investment by private equity/venture capital funds, discuss fund incorporation formalities and mechanics, as well as fund governance. In the second part of the article, the authors conduct an exhaustive analysis of the tax regime applicable to such funds and their domestic and foreign investors.