Carlos Morgado - Consultoria Investment in Portugal Carlos Morgado Building On Success Global Tax...
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www.bakertillyinternational.com Investment in Portugal Carlos Morgado Building On Success Global Tax Conference Lisbon, Portugal
Transcript of Carlos Morgado - Consultoria Investment in Portugal Carlos Morgado Building On Success Global Tax...
www.bakertillyinternational.com
Investment in Portugal
Carlos Morgado
Building On Success
Global Tax Conference
Lisbon, Portugal
1.Portugal in a Nutshell
2.Economical Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
Portugal in a Nutshell
Opportunities:
Market Strengths:
Privileged location
Open economy (EU)
English is the business language
Technological innovation
Portugal Structural Reforms
Concession opportunities
Platform to Portuguese-speaking countries
Golden Visa
s
€ 179,369 M
GDP
10,3 M
Population GDP growth
1.45%
Source: World Bank and Pordata; data for 2015
Portugal in a Nutshell
1.Portugal in a Nutshell
2.Economic Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
Economic Recent Developments
Economic Overview
Economical relevant improvements.
Shifting from traditional industry to technology
sectors.
International Trade
Exports are performing well.
Positive trade balance since 2012.
Tourism
Tourism’s importance has been growing.
15.3%
of total exports are
Machinery and
Tools
76,9%
of exported
goods are to
EU
34.4 M*
foreign bed
nightsSource: INE; Banco de Portugal, EuropeanCommision and Eurostat
*Data for 2015
Economic Recent Developments
Why Investing in Portugal?
1.Portugal in a Nutshell
2.Economical Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
Leading country in technological services.
Large number of start-up incubators and
technology hubs.
💻 Technology and Innovation:
🌏 New Markets:
EU: free trade and removal of non-tariff
barriers.
Entry door for growing markets (Brazil,
Angola and Mozambique).
250 M Portuguese-
speaking consumers.
500 M European
consumers.
Why Investing in Portugal? (1/2)
Web Summit Lisbon
53 m attendees
166 countries.
3 – hours difference
from Brazil or
Russia.
Privileged location.
Closest to the North /South America.
Ports are gateways to other continents.
🚩 Unique Strategic Location:
Flexible, business – oriented workforce
High level of education.
Labor costs below EU countries.
👦 Highly Qualified People:
Portuguese Population with
Bachelor Degree (M)
Source: Pordata
Why Investing in Portugal? (2/2)
1,3361,462 1,519
2013 2014 2015
1.Portugal in a Nutshell
2.Economical Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
FDI in Portugal
1,5%
1,5%
1,6%
1,7%
1,9%
2,3%
5,1%
7,1%
19,3%
23,0%
24,3%
FDI in Portugal by Country of
Origin (June 2016)Main Recent Transactions
Bridgepoint acquires Sapec’s Agro Business
French Gfi Group acquires Roff Portugal
Frensh Ardian acquires Ascendi PT ii
Marubeni Corporation (Japan) acquires a
22.5% stake in Galp Gás Natural
UnitedHealth (USA) buys CLISA
Italian Zanetti acquires Nutricafés
Carlyle (USA) acquires 60% of Logoplaste
Source: Banco de Portugal, AICEP
Netherlands
Belgium
Germany
USA
China
Switzerland
Brazil
France
UK
Luxembourg
Spain
# 24Portugal position in
Ease of Doing Business
Rank
FDI in Portugal
1.Portugal in a Nutshell
2.Economical Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
Industry Clusters
Industry Clusters
Automotive TextileMolds
Real Estate
and
Tourism
Maritime
Economy
Natural
Stone
Financial
Services
Investment in newest technology
International Quality Standards;
Lithium producer;
Electric mobility system;
Easy access to Spain and Morocco.
Automotive Sector
Large car manufacturers have
factories installed in Portugal.
Key
Highlights
Overview
Sub-Sectors Metal Components Manufacturing
Plastic Components Manufacturing
Approx. 200
Companies
# Direct Workers
45,000 in 2015
13% of goods
exports in 2015
Source: FIA
Molds Industry
Installed technological capacity;
Exported- oriented;
Strategic partner of the automotive
industry;
Sector has grown for the 6th
successive year.
Growing sector with strong
consolidation potential.
Key
Highlights
Overview
Sub-Sectors Plastic Injection Molds
More than 450
Companies
# Workers
8,000
Source: Cefamol
€590 M
exports in 2015
Exported- oriented sector;
Differentiation, quality and innovation;
Easy access to key markets;
Competitive Labor Costs.
Sector is developing and adapting to
the new realities.
Key
Highlights
Overview
Sub-Sectors Technical and Home Textile
Private Label Clothing Manufacturing
€ 4,6 billions
exports in 2014
# Workers
128,414 in 2014
6000
Companies in 2014
Source: INE; ATP
Textile Industry
Rise in tourism increased building
renovation and hotel expansion;
Fiscal and investment benefits
(Golden Residence Permit).
Portuguese real estate market has a
significant foreign presence.
Key
Highlights
Overview
Sub-Sectors
Hotels (Lisbon and Oporto areas)
Retirement Residences
Students Accommodation
42.4%
Occupancy rate of bed
57.2%
Foreign hotel guest
2,695
Accommodation
establishments
Source: INE, Pordata,; Data for 2014
Real Estate and Tourism
Diversified and abundant resources;
Competitive specialized workforce;
Good transport infrastructure;
Manufactures of specialized
equipment/ machinery for this industry.
Largest world exporter per capita of
ornamental stones.
Key
Highlights
Overview
Sub-Sectors Marble extraction and processing
Limestone extraction and processing
1,858 Companies
in 2011
# Workers
2,598 in 2012
€ 372 M exports
in 2013
Source: INE; DGEG; LNEG
Natural Stone Industry
Maritime Economy
Vast maritime dimension and
unexplored natural resources;
Access to international marine routes;
Innovative technologies (wave and
wind energy).
Priority sector for Portugal (3rd largest
EEZ in Europe and 11th worldwide).
Key
Highlights
Overview
Sub-Sectros
Marine biotech
Fishing and Aquaculture
Sea Ports Industry
Production in 2010
€ 8.174 M
# Workers
109.000 in 2010
Current EZZ
1,727,408 Km2
Source: INE; “A Economia do Mar em Portugal” (DGPM, 2012)
Financial Services
Investment opportunities arising due to
divestments and capital needs for
build up processes.
Impressive number of M&A
transactions (banking and insurance);
Still highly attractive for investors.
Key
Highlights
Overview
Sub-Sector
Insurance Brokerage
Specialized Credit
Insurance (non life)
Turnover in 2013
€ 36,080 M
# Workers
107,213 in 2013
Source: Pordata
21,955 Companies
in 2013
Other Attractive Sectors…
Footwear MetalworkingInformation
Communication Technologies
Health Renewable Energy Shared Services
Biotechnology Agroindustry Aeronautical
👡 🔩 💻
☀ 👏
🍇 H
1.Portugal in a Nutshell
2.Economical Recent Developments
3.Why Investing in Portugal?
4.FDI in Portugal
5.Industry Clusters
6.How can Baker Tilly help?
How can Baker Tilly help?
How can we help? Our Advantages
Identifying investment
opportunities;
Provide business advice;
Provide market information;
Baker Tilly Portugal is a multidisciplinary
organization that provides professional
services in the following areas:
Vast Experience
Professional contacts with Fin.
Institutions, Property and
Sector’s associations
Specialized in M&A processes
How can Baker Tilly help?
Audit
Tax
Outsourcing
Information
Systems
Incentives
Corporate
Finance
Consulting
