Portuguese Market
General economic indexes Portuguese market: Located in the South-Western Europe Portugal serves as a gateway to Europe. Its GDP equals to 188,700,000,000 USD, GDP per capita equals 17,900 USD; inflation rate equals to 4.4 percent, unemployment rate equals to 4.4 percent, Portuguese external debt equals to 13,100,000,000 USD . Portugal is a member of European Union since the previous century. Its economy is stable and transparent. Thus people can make business in accordance to the laws of market economy. It can be assumed that the average statistical Portuguese can afford drinking whiskey from average and expensive price categories if other things being equal. Drinking preferences: Portuguese Madeira is a symbol of wine. Portuguese prefer drinking wine, but spirits consumed with pleasure too. A statistical research in 1997 – 1998th discovered that “In Azores about 15 percent of population over 14 (190.000) drink from one to more than five times a day (and it is estimated that at every time 2 to 3 drinks are consumed), while other 15 percent drinks 2-3 times a week, also with 2-3 drinks a time” . Consequently it can be assumed that Portuguese market can consume lots of spirits and alcoholic beverages. Investment Climate a. General information: Portugal is considered to be open for foreign investments and its government even established an Agency for investment in Portugal, which “acts as a one-stop shop for investors with projects over 25 million Euros”. This agency provides all necessary steps to improve Portuguese investment climate, prints articles and guides about its economy, provides different kinds of incentives (subsidies, credits and tax cuts) etc. Moreover Agency for investment in Portugal has developed very flexible conditions when determining which subsidies and grants should be given to each foreign investor depending on amount of investments, business sector and other factors (detailed information can be found at agency’s web-site http://www.investinportugal.pt/). Most Portuguese industries are open for foreign investments except for several (defense, water supply, transport, telecommunications etc) which require additional licensing and other procedures but this situation is typical for all countries of the European union. About 74 percent of investments in Portuguese economy come from European Union, then from United States and Japan. Political risks are minimal in Portugal. Portugal is a member of World Trading Organization, World Customs organizations, Organization for Economic Cooperation and Development and other international economical and trading organizations. b. Taxation: Portuguese income taxation system bears progressive character: individual income tax rates varies from twelve up to forty percent of the taxable income; corporation income tax rate equals 27.5 percent (consists of 25 percent federal rate plus 2.5 percent local rate) of the taxable income. A good news that companies which operate in free-trade zone of Madeira pay reduced income tax (5 percent - 12.5 percent). Value added tax (VAT) applied to all goods and services sold within Portuguese but in free-trade zones it is significantly reduced. Its rate varies from 5 percent to 21 percent: standard rate – 21 percent, intermediary rate – 12 percent and reduced rate – 5 percent; in free-trade zones these rates are 15 percent, 8 percent and 4 percent correspondingly . Excise duties on alcohol and alcoholic beverages are driven by European Union’s one: minimum 2.2 Euro per litre of a product (considering spirits). Social obligations are quite significant and equal to 27.5 percent of the wages fund. Moreover, 25 percent of tax is levied from the corporation dividends. In general taxation in Portugal is quite significant but it can not be considered as too heavy. But taking into consideration possible benefits from subsidies, grants and tax cuts available for foreign investors, Portuguese taxation can be considered as moderate. c. Legislation: Unfortunately legislation and all other ‘nodes’ (court system, registering committees etc) which are closely connected to the law can be characterized with bureaucracy and extreme slowness. For instance, as it is stated in the “2005 Investment Climate Statement – Portugal” by US Department of State: “It takes, for example, an average of 420 days for a bounced check case to wend its way through court system, double the EU average”. However Portuguese legislation includes all the laws regulating economy and its issues (bankruptcies, mergers etc) in accordance to European Union’s laws and international law. In general Portuguese regulation are transparent and consistent enough. d. Corruption: “Corruption is a relatively limited but enduring aspect of the business culture in Portugal … Portugal ranked 27th out of 145 countries considered (listed from least to most corrupt)” . In the same source it is stated that American companies facing bribery and corruption do not consider it to be serious obstacles. e. Competition: There are all major whiskey producers presented in the Portuguese market in supermarkets, restaurants, bars and free-trade zones. It is possible to buy almost any kind of whiskey online with delivery within several days. So competition is quite serious but of course there is a space for new ‘players’. f. Entering barriers and other disadvantages: There often occur problems with Value added tax (VAT) calculations and foreign companies registration in Portugal. One more disadvantage of the Portuguese market is that there are only two tax-free (duty-free) trade zones (Madeira and Azores) but they are developed enough. Buy essay
Other Trading System Articles
George Soros Today, as a 70% owner of $2.1 billion Quantum, the world's largest offshore investment fund, Soros and the other six managing directors split 15% of the annual profits.He spends most of his time in his home in England and helping fellow Hungarians and other Eastern Europeans reacquaint themselves with capitalism. To bankroll that effort, ...eBay Consignments: The Giant Opportunity Hiding on eBay (Part I) More and more, people are becoming aware that they have potential cash sitting in their closets, attics, and basements. But not everyone has the time or the know-how to tap into it, so these items remain where they are or are given away. Or worse, they're tossed out with the trash. eBay is about to change that.eBay Consignments are a Grow ...North America’s #1 Ranked Fund Manager Names His Favorites StockInterview: How do you feel about uranium, which fuels nuclear reactors and generates electricity, and the uranium bull market for stocks that we’re in right now?J-F Tardif: We are very bullish. We’re extremely bullish on uranium as a firm, not only for uranium, but we’re also very bullish on energy. Everything is inter-connected beca ...B2B Connections With One of the Planet's Biggest Markets Alibaba.com is a Hong Kong based online business-to-business commerce and auction company that has developed into a substantial resource for both Asian businesses and Western corporations. Originally designed to connect Chinese businessmen with Western buyers, Alibaba manages a bilingual format that both Chinese businessmen and English speaking ...Dutch Auction - Every Mans' Capitalism - The Essence of Fairness The Dutch auction, also known as a descending price auction, uses a bidding process to find the optimal market price for the stock, the highest price at which an issuing company can sell ALL the available shares.An alternative to the traditional negotiated pricing process used by Wall Street investment bankers to set the price of a corpo ...Fibonacci Retracement Trading - Take Advantage Fibonacci, Actually named Leonardo of Pisa, was born in Pisa, Italy about 1175 A.D.. Today, he is recognized as the greatest European mathematian of the middle ages. Fibonacci is credited with introducing the Arabic-Hindu numeral system to Europe. He also introduced the decimal system. Both became the basis of mathematics we use today. Enough ba ...Learn To Like Your Losses Sounds almost morbid doesn't it?Well, maybe it is....but losses are a fact of life and your ability to take them systematically without fault is key to your long term success.You see, every system ever designed and traded has suffered losing trades and most have had several losing trades in a row. Even short term systems that pur ...Choosing A Forex Trading System – Part 2 In the first part of our series – Choosing A Forex Trading System – Part1 we covered a few quick tips to get you a few steps closer to choosing the Forex trading system that’s right for you.In Part2 we will take a look at a few other do’s and don’ts for choosing a Forex trading system. With that in mind here is “don’t” number 1.1) ...Currency Trading – 5 Steps To Trading Success Currency trading is all about trading the right way to achieve currency trading success. It’s a blend of various inputs that will make you successful. Get just one of them wrong and you will lose.This article is for both novice traders who have never traded before and seasoned traders who want to achieve greater profits.Here are th ...How To Profit Trading Forex If anyone has ever told you it’s easy to make money in Forex they are misleading you. Successful traders have discipline, the ability to manage their money and understand the psychology of the market. Trading is not done by guessing which way the market will move, but by using either fundamental analysis or technical analysis.To make an ...Forex Course: A Quick Forex Guide for Traders In this Forex course we will review some steps you need to take care before you venture into your trading journey. Most traders venture into the Forex market with little or no experience in the Forex market. This results in painful experiences like loosing most of the risk capital, frustration because it seemed so easy to make money, etc. ...Forex2u Forex Strategy On Successful Forex Trading The essence of the FX2u Forex strategy is that it does not have any Forex trading system but could forecast the market trend accurately.Every set of Forex trading system available has its disadvantages. The market trend could not be forecasted. If the market could be forecasted, by depending on the RSI, PAR, MOM analysis techniques and so ...The Secret Method to Selecting a Winning Trading System Every successful trader has a winning system. There are of course, as many systems out there, as there are traders. Some systems get you to buy on strength and sell on weakness others do the opposite.Some investors succeed as value investors , a la Warren Buffet ; others make their millions in moment ...How to Evolve a Financial Success System More often than not, people associate success with money and wealth. While that is a lopsided view of success, it is true that success often brings with it financial rewards; it is also true that many people who aspire to success are thinking of the financial rewards that will follow when they succeed. But what if your idea of success is purely ...Professional Stock Market Advice Reveals Most Common Trading The best Stock Market advice you will ever read is to learn from mistakes when someone else has made them. So, this stock market advice list I made a list of some of the most common trading mistakes that are made. Even I`ve made some of these. If you have already made some of the mistakes, you can rest assured that you aren`t alone in making the ...Building Wealth – Gann Made $50 Million Here's How W D Gann was one of the most famous investors of all time and a portrait hangs of him in the New York Stock Exchange in recognition of his achievements.This article is all about how to build wealth and how to do it quickly.Let’s look at Gann’s methods and how you can use his tools to make yourself some big profits to.Gann’s ...Why Do You Want to Become a Online Trader? Motivational guru Tony Robbins teaches that the reason for doing something rates much higher than the methods you use to get the job done. In order to make your goal REAL, you need to attach severe, horrifying, intense and profound fear to failure.Open up a notepad either on a desk or on your computer in a quite place and ...How To Develop And Maintain Your Ebay Reputation In any local community your credibility, honesty and reputation are important for making friends. The same concept applies for doing business nationally or internationally.Many professional bodies and businesses add “better business bureau” type logos to their letterheads and website in an attempt to attract a measure of public confidence ...Should Gold Mining Investors Consider Kilgore Minerals? We wrote about Kilgore Minerals this past winter, because it holds prospective U.S. uranium properties. While studying the company, it became evident the company’s uranium would take a backseat to the company’s gold property in southern Idaho. We reviewed Robert Bishop’s commentary in his self-published Gold Mining Stock Report. Mr. Bishop is hi ...How to Make a Stock Market Fortune "Basic Strategies for success"Imagine being able to make a fortune every day from the stock markets by a strategy that's unfailing. Sounds good? However, if experts are to be believed there are no short cuts to making a fortune, although you can follow certain time tested principles to ensure that you come out a winner fr ...Day Trading the Emini - Training Ground For Big Contracts In 1997 the Chicago Mercantile Exchange created a new financial instrument known as the emini futures contract. It started off small but now is a fully mature market with excellent liquidity.Now in 2005, the emini futures contract is an investment vehicle of choice, for beginning and experienced futures traders the world ...Send Birthday Flowers With hundreds of different birthday flowers and bouquet arrangements to choose from, which one would you like to send?Today hundreds of beautifully designed flower bouquets flood the market. Companies and experts in them are all dedicated in bringing forth pretty flower bouquets as gifts. Usually, you get an option to choose from multitud ...Never Lose at Sports Betting or Gambling Today millions of people are gambling online and placing sports bets online. Some win and some lose. I don’t know about you but I always dreamed that I could never lose and just make money. I never had luck at gambling or sports betting. That is why I tried to stay out of casinos, and the horse track. I was always wasting my money, and blowing i ...FOREX or Futures - Where to Trade Our modern futures market originated in the 19th century when farmers began selling contracts to deliver agricultural products at a later time. They did this to attempt to anticipate market needs and to smooth the supply and demand during the off-season.The futures market has changed dramatically since then, in current times the futures m ...Aftermath of Indonesia Tsunami and Environmental Fixes The Sumatra Earthquake and the Indonesia Tsunami that followed proved to be one of the works natural disasters from Mother Nature in our present period and killed over 200,000 people. Billions of dollars of aid funneled into the area to mop and help victims; now that the major cleanup is done what about the environment?Regarding possible ...Online Consumers - What Are They Complaining About? For many businesses, e-commerce represents a tremendous method for generating revenues. To maximize the profit potential, you need to keep an eye on issues that drive your prospects nuts. The FTC maintain a list of the top 10 “dot.cons” complained about by consumers. If your site falls within one of these industries, you must make sure you addre ...The Most Important Article on Day Trading for Beginners - Telling It as It is! The appeal of day-trading and its overwhelming popularity of late stems from its easy accessibility, and promises of easy money.Trading is a game of probabilities and at any given point in time a move may happen out of nowhere that was totally unforeseeable.There are few jobs at which it is more difficult to make a living than trad ...
|
