Portugal approved and ratified its double tax treaties signed with Bahrain, Ivory Coast, Sao Tome and Principe and Vietnam which will allow for a better investment framework between Portugal and these countries. Double tax treaties prevent double taxation on cross border operations thus improving the bilateral economic relations. Proper use of this device requires adequate planning and establishment of the proper legal procedures.

Full texts of the treaties in all the official languages can be found here:

Bahrain – https://dre.pt/application/conteudo/75367959

Ivory Coast – https://dre.pt/application/conteudo/75177808

Sao Tome and Principe – https://dre.pt/application/conteudo/75105952

Vietnam – https://dre.pt/application/conteudo/75049283

[Photo: Cris Tagupa, available at: unsplash.com]