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Accessing the Portuguese Market: Regulatory Hurdles for Fintech Businesses

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As a fintech business looking to expand into new markets, Portugal can be an attractive destination. However, navigating the regulatory landscape can be a challenge, especially for businesses established outside of Portugal.

Regulatory Requirements for EU-Based Fintech Businesses

If you’re a fintech business established in another European Union (EU) jurisdiction, you may still need to comply with specific regulations to access the Portuguese market:

• Freedom to provide services: You can provide services in Portugal under the freedom to provide services, but must comply with general terms of law.
• Establishing a branch: Alternatively, you can establish a branch in Portugal and be subject to local regulatory requirements.

Regulatory Requirements for Non-EU Based Fintech Businesses

If your fintech business is established outside of the EU, you’ll need to obtain the necessary licenses, authorizations, registrations, or approvals to provide regulated services in Portugal:

• Necessary licenses: Obtain the required licenses or permits to operate in Portugal.
• Compliance with local regulations: Ensure that you comply with all applicable laws and regulations.

General Requirements for Fintech Businesses

If your fintech business is not subject to a specific regulatory framework, you’ll still need to:

• Comply with general terms of law: Adhere to Portugal’s general laws and regulations.
• Establish a permanent establishment: You may be required to establish a permanent establishment in Portugal for tax purposes.