Market profile
Doing business
The Portuguese are often seen to be more formal in conducting business than the Spanish, whom are also more formal than Australians.
More information on doing business in Portugal
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Portugal has become a diversified and increasingly service-based economy since joining the EU (services now account for approximately 75% of GDP).
» read more at DFAT
- TRADE RELATIONS
Two-way merchandise trade between Australia and Portugal was A$176 million in 2011-12.
» read more at DFAT
- POLITICAL CLIMATE
The President of the Republic is directly elected for a maximum of two consecutive terms of five years.
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Bilateral agreements
Australia has social security agreements with several countries that address the issue of 'double super coverage' for employees sent to work overseas. To take advantage of these agreements, Australian employers sending employees overseas to work must apply to the Tax Office for a Certificate of coverage.
For more details, please visit the Australian Taxation Office website.