Past Chamber News
London, 6th November 2017
The Portuguese Chamber of Commerce in the UK organised the second edition of the Business in Portuguese conference in London on Tuesday 31st October. Each year the conference discusses different aspects of doing business in Portuguese-speaking countries, and this year it was sponsored by the international law firm Cuatrecasas, Goncalves Pereira.
Across the globe Lusophone countries cover a land mass the size of Canada and contain over 290m people – indeed Portuguese is currently the third most used language on Facebook, the sixth most spoken language in the world, and the first most spoken language in the southern hemisphere. The emerging markets of Brazil, Angola and Mozambique, in particular, offer outstanding business opportunities, but also significant challenges.
At this conference, two panels discussed financing businesses in Lusophone countries, and then the problems of sustainability and good governance in these markets.Read more...
Lisbon 27th October 2017
Ahead of his visit, Foreign Secretary Boris Johnson said: “Portugal and the UK have the oldest bilateral Alliance in the world: the Treaty of Windsor, signed on 9 May 1386. In Lisbon I will discuss how to strengthen our friendship and ensure that after the UK leaves the EU we continue to have a strong, special and modern alliance.”Read more...
London, 26th October 2016
On Monday 23rd October 2017 in central London, the Portuguese Chamber of Commerce in the UK held the 3rd edition of our popular "Moving to Portugal" seminars.
These took take place in the Lisbon Suite at the Pestana Chelsea Bridge Hotel & Spa, 354 Queenstown Road, London SW11 8AE and consisted of a series of presentations from Chamber members on the key aspects of planning for a new life in Portugal. Subjects covered included mortgage finance, how to structure your pension and residential status, health care options, the legal buying process and the different types of property available around Portugal.
London 14th September 2017
Further Moving to Portugal seminars to take place in London on Monday 23rd October
On Monday 23rd October 2017 in central London, the Portuguese Chamber of Commerce in the UK is organising the 3rd edition of our popular "Moving to Portugal" seminars.
These will take place in the Lisbon Suite at the Pestana Chelsea Bridge Hotel & Spa, 354 Queenstown Road, London SW11 8AE. The nearest Tube station is Sloane Square which is approx. 10 minutes’ walk from the hotel. The number 137 and 452 buses stop outside the hotel.
The Moving to Portugal seminars are designed to answer all the questions you may have about how to organise your move to Portugal, whether you intend to run your business from there, retire there or simply spend several months a year there to escape the English climate.Read more...
London, 11th August 2017
The Portuguese Chamber of Commerce is organising the third edition of the conference Business in Portuguese on the 31stOctober 2017 at Bloomberg Auditorium at Bloomberg’s European HQ in London at Finsbury Sq, EC2.
Portuguese-speaking countries across the globe cover a land mass the size of Canada and contain over 290 million people. The investment opportunities in Brazil, Angola and Mozambique, in particular, are outstanding. Portugal is the natural bridge to these markets. Present at the conference will be CEOs with particular expertise in Lusophone markets, who will discuss financing businesses in Portuguese-speaking countries and how they are adapting their investments to fit their environmental, sustainability and good governance (ESG) programmes.Read more...
The Portuguese Chamber of Commerce in the UK held its annual Algarve Golf Tournament at the prestigious Old Course in Vilamoura on the 6th July 2017.
The Chamber welcomed 32 players to the golf tournament, among them Chamber members from the Conrad Algarve Hotel, AFPOP, Blevins Franks, and Boavista Golf and Spa Resort.Read more...
The Portuguese Chamber of Commerce in the UK elected their new Chairman on 29th June 2017, to replace the outgoing Chairman Mr Bernardo Ivo Cruz.Read more...
London, 25th May, A Taste of Madeira in London
On Thursday 25th May, from 5.30 to 7pm, the Portuguese Chamber organised a seminar in London about the attractions of Madeira as a centre for services, enterprise and investment, with the members of IPAL – the International Professionals Association.
Part of Portugal, the Atlantic island of Madeira is an extremely attractive destination in which to live and also in which to structure a business, due to its very beneficial new tax regime. Of particular interest to those who specialize in international tax planning is the International Business Centre of Madeira (IBCM), which was established in the 1980s to kickstart the island’s economic development, and now accounts for some 12% of all direct foreign investment in Portugal.
Our event sponsors include Invest Madeira, the Madeira Regional Government’s inward investment agency; the International Business Centre of Madeira (IBCM); TPMC, one of Madeira’s leading international business management companies; PLMJ, one of Portugal’s leading law firms that specialises in tax and foreign investment.
Topics to be covered at the seminar include; how the Madeira tax regime can be used in the context of Brexit; how Madeira compares with Cyprus and Malta in terms of tax benefits; case studies from existing businessesRead more...
London, 10th May 2017
“Moving to Portugal” seminars for property buyers in the UK
On Wednesday 10th May, the Chamber will be holding “Moving to Portugal” seminars for consumers at the Thomas Lord Suite, Lord’s Cricket Ground, London NW8. This will be a one day event, with a short series of seminars for a selected audience of British property buyers who are keen to buy in Portugal.
Come and hear from our expert speakers at a series of short presentations throughout the day. Hear about the legal process, how to plan and finance your move, and where to buy your dream home. Topics covered include tax-free pensions, affordable property, the lower cost of living, the excellent healthcare and asunshine lifestyle.
Meet Portugal’s leading property agents, FX specialists, tax and wealth planners, lawyers and developers. And try some Portuguese wine!
Presentations start at 11.30am, 2.30pm and 6.30pm. It is free to attend but due to limited numbers it is essential to pre-book your space.
For more details and to book please click here: www.movingtoportugal.co.uk
London, 9th May 2017
The Portuguese Chamber’s 2017 Property Conference will take place on Tuesday 9th May in the Thomas Lord Suite, at Lord’s Cricket Ground, London NW8 8QN, from 2.30pm
We have been organizing this conference for property professionals since 2004, so 2017 will mark its 13th anniversary. During the last decade the conference has grown in prestige to become the main annual networking event for property professionals working in the residential tourism sector in Portugal and the UK, and attracts 120+ paying delegates each year.
Our conference audience includes developers, financiers, mortgage providers, property investors, wealth managers, tax planners, bankers and real estate investment groups.
Our Conference Chairman will be Peter Robinson, Managing Director of the Association of International Property Professionals, who will moderate our speakers and panel members to ensure a lively and topical debate.
London, 3rd March 2017
Portuguese Chamber of Commerce in UK at VI Annual meeting of RCCP in Paris
On 23rd and 24th March the annual meeting of all the Portuguese Chambers of Commerce abroad was attended by our chairman Bernardo Ivo da Cruz and our general manager Christina Hippisley. During the meeting we met Portugal's former deputy prime minister Paulo Portas, now on the board of the Lisbon Chamber of Commerce which coordinates the network, and also Porugal's Minister of Economy, Manuel Cadeira Cabral. We were awarded A Distinguished Mention in recognition of our work in 2016 by the Minister of Economy.Read more...
London, 10 February 2017
Chamber members at today's London Stock Exchange 'Market Open' ceremony
The guest of honour at today’s Market Open ceremony, held at 8am in the heart of the City of London at the London Stock Exchange (LSE), was the Vice-President of the European Commission, Valdis Dombrovskis. He was there to celebrate ‘Capital Markets Union’ (CMU), the European Commission’s initiative aimed at reducing cross-country barriers and widening SME companies’ access to equity finance, so that they can grow more easily and create jobs. In addition the LSE has just published its ‘1000 Companies to Inspire Europe’ report, in which it identifies the 1000 fastest growing SMEs in the EU, including 22 from Portugal.Read more...
London, 12th January 2017
2016 – A year in view
Chamber members now total 137, with 19 new company and individual members having joined us during 2016. These include companies from diverse fields like investment banking, steel construction, wealth managers, psychologists, consumer marketing, interior design and refurbishment, as well as specialist property insurers. There is no question that the UK market is key to Portugal’s export-led recovery.
In 2016 the Chamber organised 27 events, among which were two large conferences, three large receptions or gala dinners, four specialist seminars and eight events in Portugal.
This compares with 25 events organised by us in 2015, but with the important addition of the “Business in Portuguese” conference which we organised at Bloomberg’s European headquarters in London in June 2016. This attracted an audience of 100+ financiers and investors, who discussed Portugal’s role in Portuguese-speaking Africa and Latin America. We believe this conference will be an important addition to our events calendar going forward.
Other highlights of 2016 wereRead more...
London, 2nd November 2016
New Portuguese-owned restaurant Caco & Co has recently opened in London W12.
New Portuguese-owned restaurant Caco & Co has recently opened in London W12 9B.
The Caco&Co venue in Shepherd's Bush, 116-118 Askew Road, London W12 9B is a new Mediterranean restaurant concept inspired by an iconic bread made in the Portuguese island of Madeira called "Bolo do Caco". This bread is beautifully and simply made by hand with love, sweet potato flour, sea salt and water, and adds a special flavour to the fish and meat served with it.Read more...
London, 26th October 2016
The Chamber’s 2016 Gala Dinner at London’s Royal Automobile Club.
Over 120 guests attended our 2016 Gala Dinner on 25th October, with dozens of our members and their guests flying in from Portugal to attend the dinner.
Our guest of honour and keynote speaker was the newly-arrived Ambassador of Portugal, Manuel Lobo Antunes, and among our specially invited guests were Tim Loughton MP, Rodney Berkeley of the Department of International Trade, and senior representatives from AICEP Portugal Global, Bloomberg, and Canning House, a.k.a the Hispanic & Luso Brazilian Council.Read more...
London 5th September 2016
The Chamber in the UK expands its international affiliations
As part of its plan to improve member services and attract new members, the Chamber has formed several new alliances over the last 6 months.
In March 2016 we joined the RCCP (Rede das Câmaras do Comércio Portuguesas) which is headquartered in Lisbon and networks all the Portuguese Chambers around the world together. This alliance will allow all the Chambers to help each other with successful blueprints for events and membership retention.
Moreover, at the Chamber’s Business in Portuguese conference at Bloomberg’s European HQ in London in June 2016, the Chamber also signed a Memorandum of Understanding with the CE-CPLP (Confederação empresarial da Comunidade dos Países de Língua Portuguesa), which will allow us to forge new links with leading businesses from Portuguese-speaking countries who wish to access the UK market.
Closer to home, in order to offer our members access to even more business contacts, the Chamber has joined the London Chamber of Commerce and Industry (LCCI)Read more...
London, 23rd August 2016
The unfortunate cost of a homemade will
John Cato, from UK-based Cato Solicitors - who are members of the Portuguese Chamber of Commerce in the UK, describes the cross border legal mess caused by a homemade Will and emphasizes the importance of having both English and Portuguese synchronised Wills.Read more...
London 29th June 2016
The Chamber was surprised by the UK’s recent Brexit vote, but we are keen to reassure all our members that the UK is open for business as usual and we are confident that, once this initial period of uncertainty has passed, much clearer information will be available.
In the coming weeks and months, the Chamber intends to gather together the ‘Brexit’ information that may affect our member companies and circulate it, either via events or regular briefing notes, to ensure that your business decisions regarding the UK will be made based on fact, not fiction. We are here to help and stand ready to answer any questions you may have.Read more...
London, 10th June 2016
Conference "Business in Portuguese – Meet Business Leaders from Portuguese-Speaking Countries”
The Portuguese Chamber organised the second Business in Portuguese conference and networking lunch on Wednesday 8th June at the European HQ of Bloomberg in London.
Our conference partners were Bloomberg, the world-leading news and financial data organization, and the Business Confederation of the Community of Portuguese-Speaking Countries (CE-CPLP).
The conference discussed business opportunities in the Portuguese-speaking countries of Angola, Brazil, Cape Verde, Equatorial Guinea, Guinea Bissau, Mozambique, Portugal, Sao Tomé and Timor with an audience of 150+ potential investors from the City of London.Read more...
London, 24th May 2016
Portuguese Chamber event during London Technology Week 2016
The Portuguese Chamber of Commerce is organising an event for Portuguese companies looking at the UK to expand. This will be a seminar held at Blick Rothenberg on the 20th June 2016 (the first day of London Technology Week), from 4.30pm to 7.30pm. The seminar will cover tech investment in the UK, information and advantages of setting-up a tech company here, and 2 case-studies.Read more...
London, 16th May 2016
Business in Portuguese conference at Bloomberg on 8th June 2016
The Portuguese Chamber is organising this half day conference and networking lunch on Wednesday 8th June from 9am to 2pm.
The conference will present business opportunities in Portuguese-speaking countries (Angola, Brazil, Cape Verde, Equatorial Guinea, Guinea Bissau, Mozambique, Portugal, Sao Tomé, Timor) to potential investors in the City of London.
Our conference partners are Bloomberg, the world-leading news and financial data organization, and the Business Confederation of the Community of Portuguese-Speaking Countries (CE-CPLP).
The Portuguese-speaking (Lusophone) countries across the globe cover a land mass the size of Canada and contain over 290 million people. The investment opportunities in Brazil, Angola and Mozambique, in particular, are outstanding.Read more...
London, 3rd May 2016
Portuguese Chamber Corporate member Blick Rothenberg releases a updated version of the guide "Establishing a Business in the UK"
Our Corporate member Blick Rothenberg releases a comprehensive guide that provides information on tax, accounting and commercial issues that overseas businesses need to consider when looking to set up operations in the UK.Read more...
London, 4th March 2016
12th Portugal Property Conference on 14th April 2016 in London – Booking now open
We are delighted to invite you to attend this year’s property conference, sponsored by Santander Totta, on Thursday 14th April 2016 at the Pestana Chelsea Bridge Hotel, London SW8.
The title of this year’s conference is “Portugal property sales to British buyers – how to grow from €1bn to €2.4bn by 2020?"
Registration starts from 2pm and the conference begins at 2.30pm.
Our Conference Chairman this year is Peter Robinson, the MD of the Association of International Property Professionals (AIPP) . He will moderate a total of 12 guests on 4 panels to ensure a lively topical debate with input from the audience. For programme details click hereRead more...
London, 3rd March 2016
Flights into Portugal – seat capacity has increased by 26% since 2010
Portugal’s three biggest airports at Faro, Lisbon and Porto reported 11% annual growth last year, the second consecutive year in which the three combined have reported double-digit growth.
It’s good news for the airport operator VINCI, which has seen demand triple between 1996 and 2015, - despite the recession-related drop of 3.2% in 2009, demand quickly recovered and rose by 8.1% the following year.Read more...
London, 3rd March 2016
The Skills Shortage 2016 - Construction in the UK
In the UK, the construction industry was one of the sectors most affected by the financial crisis. Indeed, by 2013, construction output had fallen by 15% in comparison to its 2007 peak, and construction employment by 13%.
However, a recent report by the Construction Industry Training Board (CITB), predicts an average growth-per-year over the next three years of 2.2% in construction output, principally due to increased workload levels.
The report also emphasises the role of housing in this increase, stating that more than 33% of construction output in the next three years will be based in this sector, and in particular, the construction of private home builds (an average growth of 4.6% until 2018).
The shortage of affordable housing in the UK is an issue which has become increasingly pertinent in recent years, and although the Government has launched ambitious plans to build 200,000 new homes a year, the realization of such a task is looking far from feasible.
Figures last year show that the number of new houses being built is still 35,000 below this target and indeed the coming year looks set to follow a similar trend.Read more...
London 23 February 2016
Survey for Portuguese Companies about their views on the upcoming EU referendum on June 23rd, 2016
The British Prime Minister has reached a deal at the European Council meeting on matters he regards as fundamental to the UK's membership of the European Union (EU).
The Portuguese Chamber of Commerce in the UK is urgently seeking Portuguese Companies views on the upcoming EU referendum on June 23rd 2016.
Please help us by completing this very short survey. It will take less than two minutes.
London 22nd February 2016
Haitong Securities UK Ltd joins the Portuguese Chamber
Haitong is the first international Chinese investment bank and in late 2014 it acquired the worldwide investment banking arm of Novo Banco, the “new bank” created after the collapse of Portuguese lender Banco Espirito Santo.
The goal of Haitong is to be the primary channel for capital flows into and out of China. During 2015 their senior management team in London, at Haitong Securities UK Ltd, was expanded significantly to focus on this objective and to provide a full-service cross-asset markets business coupled with sector-focused investment banking.Read more...
London, 19 February 2016
KPMG chooses ebankIT as one of the 10 "Emerging Stars" in the GlobalMarket
Chamber member ebankIT, a Porto-based financial technology company which specialises in mobile banking and finance solutions, has been named by KPMG in London as one of its Top 10 "Emerging Stars" in the global marketplace.
Together with the investment company H2 Ventures, KPMG awarded its 10 "Emerging Stars" at the 'Fintech 100 Awards Ceremony 2015/16', held in London on the 9th of February.
London, 15 February 2016
Capricious Currencies, by Premier FX International Currency Transfers
What has happened to Sterling? For those watching the GBP/EUR exchange rate over recent months, the display of peaks and troughs shows just how volatile it can be. As recently as November, we reached an interbank rate of almost €1.43 to £1 and 12 weeks later it was breaking below €1.28 with current forecasts threatening further losses in the short-term.
So what is the cause of such instability and why have we suddenly been seeing the Pound at its lowest level since late 2014?Read more...
London 14 January 2016
Chamber will highlight Madeira’s beneficial tax regime in 2016
In July 2015 the government of the Portuguese Atlantic island of Madeira agreed a new tax regime with the European Commission which means that companies setting up on the island can enjoy corporate tax rates of 5%, (among the lowest in the European Union), and several other very attractive tax exemptions.
This new tax regime reinforces Madeira’s existing reputation as a credible and stable jurisdiction for structuring international operations and attracting inward investment. Alongside this, the Madeira Regional Government has recently completely overhauled its inward investment team and created an array of attractive investment options. The Chamber is planning an event in London in early 2016 to explain the beneficial tax regime of Madeira to an audience of London tax and business professionals – more information will be circulated shortly.
London 14 January 2016
Chamber welcomes new Corporate Member Blick Rothenberg LLP for 2016
Blick Rothenberg LLP is a leading, independent firm of London chartered accountants with a special interest in working with Portuguese companies coming to the UK. They offer audit, assurance and business advisory services, as well as advice on corporate and personal tax matters. They have experience in working with a wide range of clients, from overseas listed companies, international groups and owner managed businesses, to private clients seeking pro-active tax advice.Their Portugal business team is headed by London-based Ana Valgode, who was born in Porto and who travels regularly to Portugal to meet clients and develop new business.Read more...
London 13 January 2016
Portuguese Chamber now affiliated to the London Chamber of Commerce for 2016.
In order to offer our members access to more business contacts during 2016, we have joined the London Chamber of Commerce (LCC) which holds 200+ business and networking events every year in the capital. The LCC also has a very strong Special Interest Group for members in the British property and construction sector, with 10-15 events a year for them, which the Portuguese Chamber will be attending from now on.Read more...
London 12 January 2016
Save the Date – the Chamber’s 2016 Property Conference is on Thursday 14th April at the Pestana Chelsea Bridge Hotel, London SW8.
Now in its 12th year, the 2016 conference will be sponsored by our Patron member Banco Santander Totta. During the last decade the conference has grown in prestige to become THE annual networking event for property professionals working in the tourism/residential sector in Portugal and the UK, and attracts 120+ paying delegates each year. The audience includes developers, financiers, mortgage providers, property investors, bankers and real estate investment groups.
London 7 January 2016
Portugal’s best-known wedding planners bring the Algarve and Lisbon to London this spring.
If you or anyone you know are planning to get married in 2016, have you considered getting married in Portugal? Specialist companies Algarve Wedding Planners and Lisbon Weddings are planning a showcase event in London on 27th and 28th February 2016 from 10am to 6pm at the award-winning private members Hospital Club in London’s Covent Garden, at 24 Endell Street, WC2H 9HQ.
Couples from around the UK are invited to come along to experience first-hand the renowned Portuguese hospitality, warmth and exceptional service that the Algarve and Lisbon can offer as the ultimate dream wedding destinations.Read more...
London, 7 January 2016
Premier FX Introduces Growth Initiatives to Enhance Customer Service and Increase Business
Our Corporate Members Premier FX, the currency exchange company with offices in Portugal, Spain and the United Kingdom, are implementing fresh initiatives for 2016 to provide more services to existing customers, while attracting new private and corporate clients.
Key activities undertaken recently include the rollout of a new website and branding strategy, and the addition of new positions company-wide, including the reinforcement of the London office.Read more...
London, 18 December 2015
News from the Portuguese Chamber
As the end of 2015 approaches, we have been looking back over a busy year for the Chamber.
2015 has seen us add 23 new companies to the Chamber as members, among them companies specialising in luxury textiles, financial services, furniture and art, print solutions, specialist engineering services, IT, interior design, and property investment managers. The total number of companies in the Chamber now stands at 116, up from 93 at the beginning of 2015.
We believe this reflects the growing desire by Portuguese companies to increase their trade with the UK, to counterbalance the tough market conditions in Portugal.
We also hope it reflects the increasing profile of the Chamber in the UK. Our mission to promote the goods and services of Portuguese companies here in the UK continues to be our priority and in 2015 we began some valuable new initiatives in this field.Read more...
London 26 November 2015
Autumn Statement 2015 - Commentary by Blick Rothenberg
As anticipated, the Chancellor’s Autumn Statement focused mainly on the Government’s commitment to spending in the areas of health, education, defence and housing whilst outlining cuts in various Government departments.
The Chancellor revealed that public finance projections have improved compared to earlier reported figures. This has enabled him to fully reverse his controversial decision to effectively reduce tax credits and has allowed for increased spending in the areas outlined above. Interestingly these improvements are, in part, down to the expectation that tax receipts will be stronger than previously anticipated reflecting a healthier economy.
London 13 November 2015
Chamber Team at Portugal Exportador in Lisbon Thursday 19th November.
The Portuguese Chamber team of Christina Hippisley, Alice Fonseca and our Chairman Prof. Bernardo Ivo Cruz, will all be present at our Chamber stand at Portugal Exportador 2015, http://www.portugalexportador.pt/ which takes place on Thursday 19th November 2015 from 9.30 am to 6pm, at the Centro de Congressos de Lisboa, Praça das Indústrias, 1300-307 Lisboa, Portugal.
Our stand is kindly sponsored by Chamber member Blick Rothenberg LLP.Read more...
London 5 October 2015
Top-ranked Portuguese law firm PLMJ opens London office
The PLMJ International Legal Network, with more than 50 law offices around the world, has now opened an office in London, headed by PLMJ partner Hugo Rosa Ferreira. Hugo specialises in banking and finance and has decided to bring PLMJ’s legal services closer to the heart of the City of London financial markets, in order to expand PLMJ’s pool of potential clients.Read more...
London, 25th September 2015
Open Plan Living | 20% off exclusive upholstery and furniture
Open Plan Living, one of the most recent members of the Portuguese Chamber of Commerce, is a newly established upholstery and furniture business based in both London and Porto.
Today we have a very special introductory offer for all our members: 20% off the recommended retail price for all furniture, upholstery and lighting pieces. This offer is valid until the 30th of November 2015Read more...
London, 1 October 2015
LASA Group joins the Portuguese Chamber of Commerce in the UK
The Chamber is delighted to welcome leading Portuguese textile company LASA Group, (link to http://www.lasanet.pt/en/home) as new Overseas Corporate members.
For the past 30 years, LASA has launched and acquired dozens of brands and companies, thus creating the critical mass necessary to become a major player in the international textile business. As a family-owned company, they have consistently reinvested profits back into automation, logistics, creative innovation and new machinery and now have 800+ workers in factories of 40,000 m 2.Read more...
London 30th September 2015
Blick Rothenberg helps tech entrepreneurs
Sup, a new app that helps young professionals see their friends more, has attracted $1.1 million in seed funding and is the first company to be enrolled in the Tech Business Awards (www.techbusinessawards.com) launched by Chamber members Blick Rothenberg LLP, who are London-based chartered accountants.
London, 26th September 2015
WEEK IN REVIEW
Portugal’s 2014 deficit and the Novo Banco problem: Portugal’s Department of National Statistics (INE) has just released details of 2015’s second application for the Excessive Deficit Procedure (EDP). The first application has had to be updated to include in 2014’s deficit the €4.9bn that the government injected into Novo Banco (NB) during June 2014. This one transaction has increased the 2014 deficit from 4.5% to 7.2% of GDP. Since the sale of NB has not materialised within one year of the injection, the government has been forced to classify their bailout as a capital injection into a public company.Read more...
London, 4th September 2015
Week in review
The ECB has sent equity markets up and the euro as president Draghi stated that the quantitative easing programme may last beyond 2016. The share limit on individual bond issuance purchases has also been raised from the initial limit of 25% to 33%, subject to a case-by-case verification that this would not create a situation whereby the Eurosystem would have blocking minority power, in which case the issue share limit would remain at 25%.Read more...
London, 4th September 2015
David Cameron visits Portuguese Prime Minister in Lisbon.
UK Prime Minister, David Cameron made a statement about migration and EU reform in Lisbon during his visit to Portuguese Prime Minister Pedro Passos Coelho.Read more...
London, 27th July 2015
Kleya Premium Living joins the Chamber as Overseas Corporate Members
Former private banker and asset manager Vasco Rosa da Silva and advertising and marketing expert Alexandra Cesario, who is also an expert in providing VIP concierge services, have now combined forces to launch Kleya Premium Living, http://www.kleyapremiumliving.com/.
The company is fast becoming Portugal’s leading one-stop-shop for all those seeking professional, unbiased help to create a new life in Portugal.
Historically Portugal has always been a firm favourite with British property buyers and retirees, and Kleya Premium Living has now joined the Chamber with a view to raising its profile here and meeting potential British clients on their home turf.Read more...
London 9th July 2015
Budget 2015 Summary and highlights
Algarve, 2nd July 2015
Portuguese Chamber 2015 Algarve Golf Day
The Chamber’s 2015 Algarve Golf Day and Dinner took place in the balmy surroundings of the Boavista Golf and Spa Resort at Lagos, Algarve, a leading resort which is a long time Corporate member and supporter of the Chamber. Assistant Golf Director Antonio Ferreira da Silva organised an excellent tournament for Chamber members, and keen golfers from the Conrad Algarve Hotel, Boavista, Credential Partners, Blevins Franks, Fiduciary Management, and Braganca Bruno, among others, took part.Read more...
London 16th July 2015
The British Construction Industry – Seminar for Portuguese companies
In response to requests from Portuguese-owned construction companies keen to enter the expanding British construction sector, the Chamber arranged a one day seminar in London to explain how to enter this market and where the opportunities could be found.Read more...
London, 29th June 2015
Week in review: All about Greece
Following weeks of intense negotiations to extend the bailout programme, talks collapsed last week, as Greek PM Tsipras called for a referendum on the measures required by Greece's creditors, due to take place on Sunday 5 July. A bailout extension until the day of the referendum was rejected. Anyway, PM Tsipras has sent a new request which was leaked this morning by the FT and a temporary extension may yet be agreed on, though that is unlikely.
Following these news the ECB decided on Sunday to leave unchanged the amount of lending to Greek banks under its emergency lending facility (ELA) at the same level as Friday 26th. In order to avoid a bank run and the collapse of the financial system that is currently under significant stress, the Government has imposed capital controls, closing banks until after the referendum, forbidding withdrawals over 60 euros daily and pre-approval of all transfers to accounts abroad. The European Commission has considered these measures appropriate to contain the short term risks to the financial sector but request that capital controls be lifted as soon as possible.Read more...
London, 2nd June 2015
Portuguese Chamber iniciatives during London Technology Week (15-21 June 2015)
The Portuguese Chamber is organizing two events on 15 and 17 June, during the London Technology Week for Portuguese Companies looking into the UK to open or grow their international business.
These events will present the necessary steps for setting-up your company in London, the inherent fiscal advantages of doing so and the potential for the exponential growth and bigger brand-awareness that come from setting-up in London.Read more...
London, 27th May 2015
General election results 2015 recap
Pundits had predicted the UK election would be a close one and suggested there would be days of post-vote but with all the results in, British Prime Minister David Cameron and his Conservative Party have claimed an outright majority in Parliament, with 331 seats out of 650, and can form a new government.
What this means for the UK is that the Conservatives get to govern alone after five years in a coalition, though with a slender majority. Millions in Britain cast their vote, with turnout at about 66%, but this result concerns the rest of the world as well.Read more...
London, 2nd June 2015
The British Market: Construction Seminar in London for the Portuguese construction companies, 16th July 2015
On the 16th of July 2015, the Portuguese Chamber will host a Construction Seminar here in London to present the workings of the UK construction sector to those owners of Portuguese construction companies and sub-contractors who want to enter the British market.
Sponsored by Chamber members Effigest and Grupo Azuaga, the all-day Seminar is in response to requests from Chamber members and Portuguese construction bosses who want to know more about the expanding British construction sector and who are aware that there is a growing skills shortage here.Read more...
London, 26th May 2015
Portuguese National Day Classical Concert by Anglo Portuguese Ensemble, Wednesday 10th June at 7.30pm, Warwick Street Church, London W1B 5LZ
The Chamber of Commerce are working with the Catholic Church of Our Lady of the Assumption and St Gregory at Warwick Street, London W1B 5LZ.
This is because the Church is attached to a fine house at 24 Golden Square, London W1, in the heart of Soho, which was built in 1685. This house was occupied by the Marques de Pombal from 1724 to 1747, when he was the Portuguese Ambassador to the Court of St. James here in the UK.Read more...
London, 22nd May 2015
Portuguese Chamber member, Blick Rothenberg LLP wins major UK tax award
Portuguese Chamber member, Blick Rothenberg LLP has been named as the best International and Expatriate Tax Practice at the 2015 Taxation Awards.
Recognised as a mark of excellence within the sector, the awards were judged by a panel of leading professionals and officers of major tax institutions.
The firm, which has its headquarters in Covent Garden, London, was also shortlisted in the Single Office Tax Practice category.
London, 22nd May 2015
Portuguese Chamber’s weekly briefing
Week in review: In the US, the minutes of the Fed show that the number of rate-setters favouring a rate hike in June were outnumbered by those preferring to wait, due to weak data in Q1. While the rise in oil prices was expected to support a gradual rise in inflation, the strength of the dollar and the situation of the labour market in Q1 were sources of concern.Read more...
London, 19th May 2015
May Design Series attracts 26 Portuguese exhibitors
Portuguese furniture companies haveseen exports to the UK growing over 600% in the last four years, according to Associação de Indústrias de Madeira e Mobiliário de Portugal (AIMMP).
In 2010, Portuguese furniture exports to the United Kingdom were around £7 million per annum. However, according to Joana Nunes, Director of the Operations and Projects department of AIMMP, in 2014 they sky-rocketed to over £52 million.
London, 15th May 2015
Chamber members We Do Technologies to hold the 2015 Enterprise Business Assurance Round Table on 24th June in London.
Portuguese company WeDo Technologies is a worldwide leader in Enterprise Business Assurance, providing software and expert consultancy which intelligently analyses large quantities of data across any large business. This allows you to minimise operational or business inefficiencies and lets you achieve significant returns on investment via revenue protection and cost savings.Read more...
London, 11th May 2015
Chamber members Open Plan Living at May Design Series 2015
London ExCel 17-19 May
When it comes to furniture, Portuguese design, craftsmanship and know-how are internationally renowned. New Chamber members Open Living Ltd are based in both London and Porto and are now importing beautiful pieces made locally in Portugal directly into your home, office or retail space.
Two of the brands represented by Open Plan Living in the UK, Bow and Arrow and Homara, will be exhibiting at the May Design Series 2015 at London’s Excel from 17-19th May (click here for show info).Read more...
London, 11th May 2015
Portugal Property Conference 2015
Following the success of our previous property conferences, on 7th May 2015 the Chamber organized the 11th conference, entitled “Portugal – Time to Call it Home?”. It was held at the Pestana Chelsea Bridge Hotel in London and sponsored by leading Portuguese bank Santander Totta. All presentations are available for download here.
Started in 2004, the conference has now become the annual event for international developers, agents, financiers and brokers in the Portuguese residential property sector, so it was no surprise that more than 80 delegates attended, eager to find out more about Portugal’s investment potential and the advantages of its non-habitual tax resident regime.Read more...
London, 27th April 2015
Portugal – Time to Call it Home?
In the run up to the British general election, the pensions revolution is an extremely hot topic. What motivates the British to relocate in retirement? Should they now consider Portugal’s Non-Habitual Residents regime, which allows pensions to be paid tax-free for 10 years to newly-resident foreigners? Add in Portugal’s climate, golf and natural assets, and its health and wellness and it becomes a very attractive option for Brits in search of a sunshine retirement.
If you are thinking of retiring to Portugal and want to learn more, then read on.Read more...
London 27th April 2015
Portuguese Chamber’s weekly briefing
Chances of a deal between Greece and the EU faded further over the week-end, raising the probability that Greece will not be able to meet its IMF payments in May. According to the Financial Times, the main bone of contention is one of process as Greek Finance Minister Varoufakis refuses to negotiate with mid-level technicians, preferring to deal at the highest political level, which is deemed undo-able by his peers.Read more...
London, 24th April 2015
8th May 2015 - OMFIF City Lecture: Lecture by Vítor Constâncio, Vice-President of European Central Bank, about "Reinforcing financial stability in the Euro area"
Mr Vítor Constâncio, Vice-President of the European Central Bank, will share his views on "Reinforcing financial stability in the euro area" at the OMFIF Lecture on the 8th May 2015, from 1pm to 3pm at the The Armourers' Hall in London.
London, 24th April 2015
Portugal's Minister of Finance in London on the 5th May 2015 at the London School of Economics
Portugal's Minister of Finance Maria Luís Albuquerque on 'Portugal's Way Forward' 12 midday, 5th May 2015, at the London School of Economics, Shaw Library, Old Building, Houghton Street, London WC2A 2AERead more...
London, 17th April 2015
Seminar on Portugal - Your Tax Efficient Lifestyle Choice
On Wednesday, 16th of April 2015, the Portuguese Chamber hosted a seminar that allowed the 60 people present to discover for themselves why Portugal currently offers the best financial climate in Europe for those wishing to retire to the sunshine or run their business from the golf course.
Sponsored by Chamber members Blevins Franks and Neville de Rougemont.Read more...
London, 20th April 2015
Portuguese Chamber’s Weekly Briefing
On the monetary policy front, the ECB has stated that its enhanced Asset Purchase Programme (APP) will continue until September 2016, even if the recovery takes hold faster than expected.
The IMF has upgraded its forecasts for the world. Globally, GDP growth is expected to rise 3.5% in 2015 and 3.8% in 2016 (0.1 p.p. more than in the October forecast).
21 April 2015 - CPE Dinner for Portugal´s Economy Minister, Mr Antonio Pires de Lima
The Portuguese Chamber of Commerce is delighted to inform you that the next CPE dinner will be held on the 21st April 2015 at 7.30pm, at The Connaught Hotel (Carlos Place, Mayfair, London W1K 2AL). The guest speaker is Mr. António Pires de Lima, Portugal's Minister of Economy, who will speak on the subject of "Financial and economic Recovery: Portugal in the spotlight".Read more...
London, 31st March 2015
Spotlight on Select Resorts Ltd
Chamber members Select Resorts Holidays and its sister company Select Resorts Properties rejoined the Chamber in 2014, a year when tourism figures between the UK and Portugal were at an all-time high.
Select Resorts Holidays has been a leading villa holiday operator since 1982. Based in Dorset, UK, the team’s vision is to “turn our clients’ dreams into realities” and they promote only handpicked, quality accommodation in some of the most premium resort destinations across the world, while specialising in Portugal.Read more...
London, 30th March 2015
Portuguese Chamber’s Weekly Briefing
The Bank of Portugal has updated its forecasts for Portugal until 2016 and presented the first predictions for 2017. GDP growth was revised 0.2 pp to 1.7% for 2015 due to better prospects in domestic demand, namely private consumption. In 2016 and 2017 growth is predicted at 1.9% and 2%, respectively.Read more...
London, 24th March 2015
2015 Portuguese Food Exporters & Importers Networking Dinner
On Monday, 23rd of March, The Portuguese Chamber, in partnership with the British-Portuguese Chamber of Commerce in Portugal, organized a dinner for 65+ guests to honour some of Portugal’s leading specialist food exporters and importers who were attending the International Food and Drink Event, held at London’s Excel from 22nd to the 25th of March.Read more...
Algarve, 19th March 2015
The Chamber’s Algarve Spring Lunch
The Algarve Spring Lunch was held at Restaurant Xenia in the Dunas Douradas Resort in Almancil on Thursday 19th March.
Some 47 members and Chamber directors attended the lunch, including Simon Perks, the Chamber’s Vice Chairman and Andrew Coutts from Henley Global, who is a member of the Chamber Council and also responsible for it subcommittee on tourism. Miguel Matias from Self Energy, who runs the Chamber’s subcommittee on renewable energies, was also present.Read more...
London, 24th March 2015
Portuguese Chamber’s Weekly Briefing
This month's concluding statement of the IMF mission to Lisbon recognises that the Portuguese economic adjustment programme did actually stabilize a severely unbalanced economy. The highly deficient current account has turned into a surplus, the run-up in private and public debts has stopped and the country has regained its access to markets. Also, output began to expand during 2013 and the unemployment rate fell significantly from its historically high levels.
London, 17th March 2015
Business Start-up Seminar in London
Following the success of last year’s Business Start-Up Seminar, the Portuguese Chamber of Commerce organized another Business Start-Up Seminar to meet popular demand.
Several people attended the seminar searching for expert tips and advice in order to help them transform their ideas into a successful business, whilst learning all about setting up a company in the UK. The seminar was also very productive for those who wanted to network, as the venue was filled with several entrepreneurs eager to make new professional contacts.Read more...
London, 13th March 2015
Portuguese Chamber’s Weekly Briefing
Week in review: On the markets' front, the euro has fallen more than expected after the start of the ECB's quantitative easing programme on Monday. Most analysts expected that the QE was priced in the exchange rate, after its announcement on 22 January, but the euro fell further this week to 1.06 dollars, from 1.13 at the end of last week.Read more...
London, 16th March 2015
London’s Financial Times carries news of Portugal’s tax regime for retirees
This weekend’s Financial Times carried an article in its FT Money supplement on the new pensions freedom for UK residents, which are coming into force next month. Written by leading financial journalist Merryn Somerset Webb, who is also the editor-in-chief of Money Week, the UK’s best-selling financial magazine, the article pointed out the benefits of buying property in Portugal , due to its double taxation agreement with the UK, under which Portugal chooses not to tax pensioners resident in Portugal on their pensions for a ten year period.Read more...
London, 6th March 2015
Portuguese Chamber’s Weekly Briefing
Week in review: ECB’s President Draghi struck a more positive note this week, as he noted in the press conference following the monetary policy meeting that, though downside risks to economic activity persist, they are diminished thanks to monetary policy decisions and the fall in oil prices.Read more...
London, 5th March 2015
ebankIT, won "Best in Show" award at Finovate Europe 2015
Congratulations to Porto-based Chamber member ebankIT, who has won Best in Show at Finovate Europe 2015, a leading B2B show which showcases the future of financial and baking technology. ebankIT creates products that deliver core banking functions to customers in a way they can enjoy and engage with, such as mobile banking apps, contact centre solutions, banking kiosks, Facebook banking, commercial GPS, and banking solutions for wearable technology.Read more...
London 2nd March
Chamber welcomes new Sustaining Member Meethub Ltd.
Co-founded by Portuguese businessman Pedro Coutinho, Meethub offers a low-effort solution for qualified networking, using clever scheduling technology that sets up 1-2-1 meetings between businesspeople at all kinds of events. So you can add value on your next sales trip or trade show and save hours of phone calls and emails. To see a demo go to https://www.meethub.mobi/ - Chamber members can get 15% off when using it for their events.
London, 27th February 2015
Portuguese Chamber’s weekly briefing
WEEK IN REVIEW: Greece and EU reach a deal
Week in review: Greece and EU reached a deal to extend the bailout to the end of April. In a letter sent to the Eurogroup, Greek Finance Minister Varoufakis listed a number of reforms that the Government plans to implement. On the fiscal front, these measures include fighting tax evasion, improving the public finance management (particularly the Budget implementation), improving the management of revenue through appropriate staffing, setting up controls in public spending including identifying abuse of the social security system, and modernising the pension system.Read more...
London, 20th February 2015
Portuguese Chamber’s weekly briefing
WEEK IN REVIEW: fears rise over Greece
All eyes on Europe again, as the Eurogroup meets today to discuss the situation of Greece, the last chance to reach a deal before the bailout ends on 28 February. The Greek Government has requested an extension of funds but rejected the conditionality imposed by the bailout programme. Germany and Slovakia have already announced they will not accept the deal, as Germany has declared that it considers the reform package promised by the Greek Government not credible enough.Read more...
London, 10th February 2015
Welcome to new UK Corporate Chamber member Banco Finantia, the independent global bank.
Banco Finantia has 27 years of experience in Private Banking, Capital Markets and Corporate & Investment Banking and has a strong geographical presence through its offices in Portugal, Spain, UK, USA and Brazil. Stability and security are a priority.Read more...
London, 9th February 2015
Welcome to Portuguese Chamber’s new weekly briefing
WEEK IN REVIEW: fears rise over Greece
For those with business interests in Portugal, the talks between the new Greek Government and its official lenders have felt like a rollercoaster to the financial markets over the last couple of weeks. The main issue of discontent currently is about a bridging programme that would allow the Greek Government to continue to pay for debt and civil servant's wages while negotiating a debt restructuring programme, between the 28th February, when the current programme ends, and June.Read more...
London, 9th February 2015
Welcome to new Overseas Sustaining Chamber member Macrometria, the investment research consultancy.
Led by economist Ines Domingos, who spent seven years with Goldman Sachs in London, Macrometria is an independent economic consultancy based in Lisbon with expertise in macroeconomics, sector analysis and econometrics.Read more...
London, 2nd February 2015
Business Start-Up Seminar announced for Thursday 12th March in London SW1
The Chamber’s first Business Start-Up Seminar of 2015 will be held in central London from 9-1pm on Thursday 12th March 2015. Sponsored by our Corporate Members, the international retail and corporate investment bank BBVA, the seminar is aimed at entrepreneurs from Portugal working in London who wish to start or expand their own business.Read more...
London, 13th January 2015
PCBN monthly networking drinks kicks off the new year
The Chamber started 2015 in true business style, with its monthly open house networking drinks, held at the Blue Boar Bar in the Conrad St James hotel near Westminster’s Parliament Square.
50 + British and Portuguese business people attended, from a variety of backgrounds, including investment bankers, security consultants, architects, builders, food importers, television producers and lawyers. We also had the pleasure of welcoming the Portuguese Ambassador in the UK; Mr João de Vallera and distinguished Portuguese lawyer and hotelier José Miguel Judice.Read more...
Algarve, 26th November 2014
Chamber’s Algarve Gala Dinner at Casa do Lago in Quinta do Lago
Over 95 guests attended our annual dinner for our Portuguese members, which was held in the elegant Casa do Lago restaurant at the end of Quinta do Lago’s famous lagoon in the Ria Formosa nature reserve.
Quinta do Lago’s events team, led by Arina Batalha, organised a very special evening, with live music and a roaring fire to keep out the evening chill.Read more...
London, 28th October 2014
Over a working breakfast at the Portuguese Embassy in London, Portugal´s Minister of Agriculture and the Sea, Ms Assunção Cristas, presented the "Portuguese National Ocean Strategy 2013-2020" and its development model for the "Blue Economy" to a group of select investors and researchers.Read more...
Lisbon, 13th November 2014
This morning seminar brings together speakers from the Portuguese Chamber of Commerce in the UK and UKTI and also welcomes Kirsty Heyes, the newly appointed British Ambassador to Portugal.Read more...
London 16th September 2014
At the Connaught Rooms in central London, the Chamber team today joined 12 other international Chambers at a major wine tasting event to showcase country wines from as far afield as Japan (sake), Macedonia, Argentina and Mexico (reds and whites) with delicious wines closer to home from Austria, Spain and France, among others.
London, 16th September 2014
New Chairman of the Portuguese Chamber elected at Autumn Council meeting
Council member Prof. Bernardo Ivo Cruz, of True Bridge Consultants UK Ltd., was today elected as the new Chairman of the Portuguese Chamber of Commerce in the UK. A member of the Council since Dec 2012, Bernardo is a former director of AICEP Portugal Global, Portugal’s trade and investment office, in London and Sao Paulo and will be a valuable addition to the Chamber.Read more...
London, 17th September 2014
The home wares division of soon-to-be Chamber members Amorim, Portugal’s world-leading cork manufacturer, has recently launched a new design series of household items using cork in innovative ways.Read more...
London, 30th September 2014
Over 150 guests hear Portugal’s Minister of Economy speak on Portugal’s recovery plan
Following the Euromoney Portugal Conference, held earlier in the day and supported by the Chamber, the Chamber’s Gala Dinner took place at 7.30pm in the Millennium Mayfair Hotel in London’s Grosvenor Square.Read more...